Skift Take In the face of an intensifying climate crisis, airlines have much work to do yet to reinforce their sustainability method. Amrita Ghosh The head of Riyadh Air promised the Saudi start-up would be both commercially and ecologically sustainable and alerted carriers that do not accept environment issues will stop working. Saudi Arabia’s Public Mutual fund, which has more than $620...
Skift Take Cruises operators battered financially by the pandemic requirement to find ways to stay afloat so selling shares goes a long way in assisting them stay in company. Rashaad Jorden Carnival Corp said on Monday it would offer shares worth $500 million, as the cruise operator reboots its operations after a long break due to the COVID-19 pandemic. Cash raised will be used to buy ordinary...
Skift Take With an objective to attract 100 million travelers a year by 2030, Saudi Arabia understands that it will have to promote itself aggressively as a leisure location. A trillion dollars looks pretty aggressive. Peden Doma Bhutia In addition to the financial investment that it has currently made in the last five years, Saudi Arabia prepares to invest another $1 trillion in the tourist...
Skift Take Choice Hotels does not think about private equity entrants as competition, but as prospective partners. Srividya Kalyanaraman This was the year the short-term rentals industry saw it all– the great, the bad and the unsightly. It has been a year of hard policies, softening need and intense competition. Especially, 2023 saw every major hotel business announce a prolonged stay brand...
Drawn by sun, sea and speedy Wi-Fi, remote employees are converging on Europe’s southernmost islands to try “workcationing” before employers order them back to the workplace, offering battered tourist services a welcome boon. Olga Paul, 34, concerned the Spanish island of Gran Canaria in Might to work remotely for the first time, after long pandemic months cooped up in her flat...
Skift Take Mark Davidson, a music historian and scholar who’s made his own music for many years, is director of archives and shows at Tulsa’s newly opened Bob Dylan Center. The objective is prompting any visitor to be more innovative in their own life. Davidson’s the ideal choice– even if he prefers not using white gloves. Robert Reid Word of alerting to any prospective...
Skift Take Norwegian airline company Flyr’s unsuccessful efforts to raise investment funds will see the budget carrier make functional cuts. This survival relocation is not likely to see its summer season strategies go the distance. Selene Brophy Loss-making Norwegian airline Flyr stated on Monday it had actually failed to raise the cash it requires from investors and other possible...
This sponsored content was created in collaboration with a Skift partner. Singapore Airlines has been an early adopter of technology and has long embraced its potential to enhance its customers’ journeys. In 2018, the airline launched a digital innovation blueprint, boosting its digital capabilities with the promise of enhancing the very core of the Singapore Airlines experience: its service...
Skift Take Macchu Picchu is to Peru what the Eiffel Tower is to Paris. Making it more available to travelers could reverse its slow recovery. Dawit Habtemariam Peru is anticipated to raise the everyday visitor cap for Machu Picchu, the nation’s most popular tourist attraction, according to a government statement supplied to Intrepid Travel and seen by Skift. Beginning January 1, the...
Skift Take The value of announced acquisitions this year is currently 3 times that for the deals in all of 2020. We gathered the leading hotel acquisitions for 2021 for you by dollar amount, some offers strategic, some less so. The pace is vigorous but the effect from the Delta version could effectively reverse the momentum heading into fall. Rashaad Jorden Hyatt’s $2.7 billion purchase...