After in 2015’s dramatic shock to the hospitality environment, the market is welcoming growing indications of healing in 2021. But as hotels and operators attempt to capitalize on the awakening demand, they’re also acknowledging that new efforts need to be made if they’re to remain appropriate and lucrative in the transformed landscape. What lessons were discovered over the past...
In his first press interview because becoming CEO of TUI Musement a bit more than a month ago, it’s clear that Peter Ulwahn is attempting to use TUI’s trip operator tradition to benefit in developing the company’s trips and activities service– however that can be a mixed structure. Ulwahn pointed out in a Skift interview recently that an essential part of his program is...
Skift Take Operational software may sound dull, but it could become drastically profitable for Sabre once the crisis recedes and airlines and hotels resume investing in travel technology. Sean O’Neill, Skift Sabre said on Tuesday it has an opportunity after the pandemic subsides of beating its pre-crisis margins. Currently, the Texas-based travel innovation business is tweak its functional...
Marriott Vacations Worldwide’s current president, John Geller, will end up being CEO of the timeshare giant on January 1, 2023, being successful Stephen Weisz, who’s retiring. Geller will be taking the helm at a time when the company might see how well timeshare sales perform during economically turbulent times. Geller has been the business’s president considering that 2021 and...
Skift Take Are unique purpose acquisition business losing their shine? We’ll find out more in the coming months as other travel start-ups plan to go public. Matthew Parsons, Skift Indonesia’s Traveloka might not go through with a strategy to go public by merging with an unique function acquisition company (or SPAC) after all, according to reports. The fast-growing travel reserving...
Skift Take Excellent early morning from Skift. It’s Monday, January 24, in New York City City. Here’s what you need to know about business of travel today. Rashaad Jorden Today’s edition of Skift’s everyday podcast talks about the effect Omicron is having on the hotel market worldwide, Yatra’s moves to secure its IPO, and why some hotels chains welcome bad bathroom...
Skift Take Plucking out carbon from the atmosphere is pricey. It’s all about scale, and if Airplane and some of the world’s greatest airlines can’t do it, there might be doubts over the air travel sector’s ambitious bid to accomplish net-zero carbon emissions by 2050. Matthew Parsons European airplane producer Airbus and more than a half dozen airlines said on Monday they...
Skift Take Sonder’s financial results underscored how the momentum in the U.S. domestic travel rebound has continued to intensify. But if you want a glimpse of what investors really think of this startup’s business, you’ll have to wait until it starts trading publicly later this year. Sean O’Neill, Skift Sonder, a travel startup known for turning properties into short-term...
Skift Take
In Skift’s top stories today, the Trump International Hotel in Washington, D.C. is on the edge of being offered, the new CEO of Requirement International details her plans, and Americans are spilt on whether obligatory vaccine mandates should be released for airline company passengers.
Rashaad Jorden
Skift Take India’s re-certification of Boeing’s 737 Max paves the way for SpiceJet to resume Max flights in September. Only China and Russia stay as notable holdouts in the worldwide return of Boeing’s bread-and-butter jet. Edward Russell India’s SpiceJet Ltd stated on Thursday it expects Boeing Co’s grounded 737 Max jets in its fleet to return to service at the end...