Skift Take
Great early morning from Skift. It’s Thursday, January 20, in New York City City. Here’s what you need to learn about the business of travel today.
Rashaad Jorden
Today’s edition of Skift’s daily podcast takes a look at the yearly Skift Megatrends report, Sonder’s launching on the Nasdaq exchange, and the reason universities and trainees want study abroad programs to resume.
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Subscribe Episode Notes Here’s what you require to understand about the business of travel today. Numerous themes will specify
the new year in travel
, and they’re the topic of Skift Travel Megatrends 2022, a report unveiled
on Wednesday including information gathered by Skift editors, press reporters and research experts. This is Skift’s 10th annual megatrends report. One of the 14 themes appearing in Megatrends is unpredictability being the new certainty in travel as industry leaders are not sure when a complete healing will happen, composes Managing editor Dennis Schaal. As future crises will likely emerge, complicating any timeframe for a complete rebound, companies will need to be nimble in order to try out new methods of working, thinks Booking Holidays CEO Glenn Fogel. Another theme is the boom many rural destinations have experienced in visitor arrivals. Numerous national parks in the U.S. and Canada have actually attracted record-breaking visitation as large numbers of travelers looked for respite from crowded areas during the height of the pandemic. But those substantial crowds are putting lots of rural places at danger of struggling with overtourism, writes International Tourist Press reporter Lebawit Lily Girma. We turn beside Sonder going public. The San Francisco-based travel start-up made an underwhelming stock market debut on Wednesday, reports Schaal. Sonder, which runs hotels and leases apartments for short-term leasings, was trading around 5 percent lower on the Nasdaq than its opening cost in the first number of hours. It just recently combined with blank check business Gores Metropoulos II, a deal that closed on Tuesday.
San Francisco-based Sonder revealed in October that it would end up being a public company with an evaluation of a little less than $2 billion. That announcement was far from the business’s just huge news in the latter half of 2021– it also included more than 25 buildings in various cities to its U.S. portfolio, consisting of Boston, Miami and Philadelphia. We end today looking at the resumption of large-scale instructional travel, an enormously profitable industry. Education bodies are dealing with a use-it-or-lose it situation because academics need to take school outing or danger losing financing. So universities have been speeding up the relaunch of their travel programs this year, writes Corporate Travel Editor Matthew Parsons. One market executive said the relocate to resume sending academics abroad has been driven in large part since their work is travel dependent and unable to be completed remotely. In addition, various universities are pressing to send out trainees overseas once again so they can complete their course requirements, which lots of organizations believe will assist make their schools more appealing in the eyes of
potential trainees. Nevertheless, universities making plans to reboot student travel face several obstacles, one of which is China– a popular research study abroad location– hasn’t resumed its borders. Furthermore, schools are dealing with how to offer emotional support to students who may be experiencing psychological tension due to living abroad in the midst of the pandemic.