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Skift @ Skift · 08/16/2023 05:41 EDT

Airbnb, Booking and Expedia Generate Strong Cash Flow

Today's edition of Skift's daily podcast looks closer at online travel agencies’ cash flow, Saudi Arabia’s tourism investments, and Virtuoso’s sales boom. -Rashaad Jorden Read more ›

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Skift
Skift @ Skift · 08/16/2023 02:30 EDT

Abu Dhabi Cuts Hotel Fees, Top GCC Wealth Funds – More Middle East Travel News 

The timing of Abu Dhabi's decision to lower government fees on hotels and their alignment with the emirate’s long-term goals reflect a strategic move to capitalize on the potential of the tourism sector and the opportunities it presents. -Peden Doma Bhutia Read more ›

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Skift
Skift @ Skift · 08/16/2023 00:30 EDT

Airbnb and Booking Keep the Cash Flowing

We saw during the pandemic how important it was for companies to have plenty of cash and the ability to borrow more. Airbnb and Booking Holdings have ample resources for big things on their to-do lists. -Dennis Schaal Read more ›

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Skift
Skift @ Skift · 08/15/2023 18:07 EDT

Mondee Buys Its Fourth Company This Year

Mondee is venturing down an unbeaten path by targeting travel influencers, and it seems to be making investors a little uneasy. -Justin Dawes Read more ›

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Skift
Selene Brophy, Skift @ Skift · 08/15/2023 15:11 EDT

Virtuoso Luxury Sales Spike as Travelers Splurge on Private Experiences

Experience continues to trump price for high-net-worth travelers, whose appetite for luxury travel isn't slowing down. -Selene Brophy Read more ›

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Skift
Skift @ Skift · 08/15/2023 11:41 EDT

Ask Skift: Why is Saudi Arabia Making a Big Investment in its Tourism Industry?

Saudi Arabia is sparing no expense in improving its tourism infrastructure, and here are several reasons why Saudi officials are making those huge investments. -Rashaad Jorden Read more ›

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Skift
Skift @ Skift · 08/15/2023 10:00 EDT

How Customer Data Helps Travel Companies Make Smarter Business Decisions

New insights from Visa demonstrate the value of maintaining access to relevant customer data. Understanding the latest trends in consumer spending and payments can give travel companies a leg up on the competition. -Visa Read more ›

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Skift
Skift @ Skift 1 place · 08/15/2023 08:00 EDT

Skift Global Forum East 2023 Venue Announced: Atlantis The Royal Dubai

Skift Global Forum East 2023 venue details released. Register today to join us at one of the most iconic venues in Dubai: Atlantis The Royal. -Nicole Meyer Read more ›

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Skift
Skift @ Skift · 08/15/2023 04:27 EDT

The Surging Travel Demand in Europe and Asia

Today's edition of Skift's daily podcast looks closer at junk fees in Texas, price hikes at tourist landmarks, and increasing travel demand in Europe and Asia. -Rashaad Jorden Read more ›

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Skift
Skift @ Skift · 08/14/2023 23:00 EDT

Skift India Report: MakeMyTrip Partners With Tourism Ministry to Boost Offbeat Travel

Given travelers’ demand for exciting alternatives to the packed streets of tourist hotspots, India’s best kept secrets are now waiting for new stories to tell. -Amrita Ghosh Read more ›

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Skift
Skift @ Skift 2 place · 08/14/2023 16:14 EDT

Travel Agents File Ticket Pricing Complaint Against American Airlines

Ticket pricing data appears to be a commodity in itself, as tech upgrades potentially limit access to fare availability — with travel agents complaining it impacts their ability to do their job effectively and leads to higher fares for consumers. -Selene Brophy Read more ›

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Skift
Skift @ Skift · 08/14/2023 13:33 EDT

Texas Sues Booking Holdings Over Allegedly Deceptive Fees

This likely won't be the last lawsuit against online travel companies related to allegedly deceptive fees because Booking Holdings is absolutely not an outlier in displaying hotel rates in this manner. -Dennis Schaal Read more ›

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Skift
Reuters, Reuters @ Skift · 08/14/2023 12:08 EDT

Airlines and Hotels Branch Out with Experiences to Lure Travelers

Today's travelers are more interested in making memories than buying stuff. There's a big opportunity for travel companies that recognize that. -Justin Dawes Read more ›

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Skift
Skift @ Skift · 08/14/2023 11:41 EDT

Hotels and OTAs First-Half Report: Growth Shifts to Europe and Asia

The major hotels and OTA companies reported strong earnings this month, signaling robust travel demand despite economic uncertainties. The companies most skewed to Asia now offer the greatest potential for growth and share price gains. -Pranavi Agarwal Read more ›

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Skift
Reuters @ Skift 1 place · 08/14/2023 10:27 EDT

Portugal Sets First Half Foreign Visitor Record

Portugal's record first-half foreign visitor number is just another sign of Europe's strong tourism recovery this year. -Rashaad Jorden Read more ›

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Skift
Skift @ Skift · 08/14/2023 10:00 EDT

Industry Roundtable: Why Loyalty Is No Longer Just About Points and Rewards

In today’s age of personalization and emotion-driven commerce, loyalty is less about transactions and more about connections. As the industry gets more competitive, brands need to tap into the power of emotional engagement and shared values to stay ahead. -IAG Loyalty Read more ›

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Skift
Skift @ Skift 3 place · 08/14/2023 09:21 EDT

Tourist Attractions and Experiences See Big Price Jumps

Travel is not getting any cheaper, as significant price increases across specific categories of experiences over the last four years, highlight the interplay of various economic, social, and market factors. -Selene Brophy Read more ›

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Skift
Reuters @ Skift 2 place · 08/14/2023 04:38 EDT

Greece’s ‘Towel Movement’ Protests Surge of Pricey Sunbeds Along Popular Beaches

Greeks are concerned that the simplicity of their local beach experience is threatened by sunbed overtourism. -Selene Brophy Read more ›

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Skift
Skift @ Skift · 08/14/2023 01:00 EDT

Hotel Re-Brandings Are Risky – Here’s How Strawberry’s CEO Makes the Case

Nordic Choice Hotels has rebranded to Strawberry as it tries to break free of just being a franchisor of Choice Hotels. CEO Torgeir Silseth is striving to find a whitespace for the private company amid the global giants. -Sean O'Neill Read more ›

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Skift
Reuters @ Skift · 08/13/2023 14:08 EDT

Brazilian City Plans to Triple Hotel Capacity, Use Boats for Rooms at 2025 Climate Meeting

The boats can sail away when the climate meeting is finished, but what would Belem do with all of those extra hotel rooms it is getting ready? -Dennis Schaal Read more ›

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