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Skift
Skift @ Skift 2 place · 11/28/2022 07:20 EDT

Oyo Still Keen on Long-Anticipated IPO Next Year After Narrowing Second Quarter Loss

While Oyo plans to go ahead with its initial public offering, the hospitality company is yet to share the current valuation it is looking at. For sure, it would be nowhere close to its original hoped-for valuation of $12 billion. -Peden Doma Bhutia Read more ›

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Skift
Skift @ Skift · 11/28/2022 07:10 EDT

Edition’s Slow Burn Growth Heats Up

Today’s edition of Skift’s daily podcast looks at the Edition hotel brand’s growth, Japan’s relaunched travel discount program, and G Adventures’ technology investment. -Jason Clampet Read more ›

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Skift
Corina Pons, Catarina Demony and Karolina Tagaris, Reuters @ Skift · 11/28/2022 07:05 EDT

Southern Europe’s Short-Term Rentals Boosted by Economic Crisis in North

The region is already seeing soaring demand for long-term winter stays because of rising energy costs in the north. The impact on traditional vacation pricing could be huge. -Matthew Parsons Read more ›

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Skift
Skift @ Skift · 11/28/2022 02:30 EDT

Flynn Properties’ $1.1 Billion Hotel Play Signals Ambition in Franchising

A recent acquisition of 89 hotels will almost certainly go down as the largest U.S. hotel transaction in the second half of the year. Notably, the dealmaker Flynn Properties remains in a shopping mood. -Sean O'Neill Read more ›

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Skift
Skift @ Skift 1 place · 11/26/2022 10:00 EDT

Airbnb Mulls Consolidating Cleaning Fees and Other Top Stories This Week

In Skift's top stories this week, Airbnb considers eliminating cleaning fees as a separate charge for guests, IHG unveiled its 18th brand, and Abu Dhabi Airport expects a surge in passengers. -Rashaad Jorden Read more ›

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Skift
Andrew Mills, Reuters @ Skift 2 place · 11/25/2022 13:30 EDT

So Much for Qatar’s World Cup Hotels and Rooms Shortage

What happened to the hospitality crunch that was creating so much anxiety in Qatar ahead of the World Cup? High prices are reportedly a deterrent while other are choosing to fly in and out for the matches. -Tom Lowry Read more ›

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Skift
Skift @ Skift 2 place · 11/25/2022 10:00 EDT

Marriott’s Edition Hotels Face Challenge of Scaling Up Uniqueness

Replicating a lifestyle hotel brand worldwide is a bit like walking on a tightrope blindfolded. Only the skilled survive. Marriott's Edition is up to the challenge, according to the brand's boss. Expect an acrobatic 2023. -Sean O'Neill Read more ›

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Skift
Skift @ Skift 3 place · 11/25/2022 02:30 EDT

Hybrid Work Is Already Having Long Lasting Effects on Hotel Design

A leading architect has pinpointed these emerging hotel trends, showing just how prevalent the pandemic legacy is within hospitality. -Matthew Parsons Read more ›

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Skift
Skift @ Skift 3 place · 11/25/2022 02:00 EDT

U.S. Hotels Likely to See Softening in Leisure Travel Bookings

Hotel operators will close this year having generated record-breaking revenue growth in most cases, say analysts at STR, PwC, Truist, and Jefferies. Yet the crystal ball for next year is a bit hazy. -Sean O'Neill Read more ›

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Skift
Skift @ Skift · 11/25/2022 01:00 EDT

Ukio Raises $28 Million for Short-Term Rentals for Remote Workers: Travel Startup Funding This Week

Almost every week, a short-term rental platform or ancillary software service reports that it has raised millions. It’s almost like there’s a growing demand for their services. There were two this week, and the star is Barcelona-based Ukio. -Justin Dawes Read more ›

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Skift
Skift @ Skift · 11/24/2022 10:00 EDT

A Jam-Packed Agenda for Skift Global Forum East in December

Need a reason to come to Dubai to meet global travel's C-suite? We’ve got plenty for you, but here are few to think about. -Chris Hayden Read more ›

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Skift
Skift @ Skift · 11/24/2022 09:00 EDT

IHG Hotels CEO on Scale and Strategy: Full Interview

Listen to the full conversation between IHG CEO Keith Barr and Skift's Sean O'Neill. -Jason Clampet Read more ›

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Skift
Luis Jaime Acosta, Reuters @ Skift · 11/24/2022 04:40 EDT

Avianca and Viva Launch Appeal Against Colombia’s Merger Denial

The airlines will be hoping that reducing operations in Bogota and working with state-owned Satena to boost links to Colombia’s most remote regions will appease the country's civil aviation regulator. -Matthew Parsons Read more ›

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Skift
Skift @ Skift · 11/23/2022 12:30 EDT

Economic Uncertainties Won’t Drive More Travel Tech Mergers & Acquisitions

For the best exit strategy, hold on for a couple of years until the market stabilizes. For the deal, buy now. -Justin Dawes Read more ›

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Skift
Sameer Manekar, Reuters @ Skift 1 place · 11/23/2022 02:39 EDT

Qantas Upgrades Profit Forecast On Back of Strong Travel Demand

As fleet and labor issues continue to plague the growth prospect of airlines all over the world, Australia's Qantas would rather focus on domestic tourism to boost its profit outlook. -Peden Doma Bhutia Read more ›

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Skift
Skift. @ Skift 2 place · 11/23/2022 02:30 EDT

Abu Dhabi Airport Is Expecting 1.5 Million Travelers Over 6 Weeks: Middle East Travel Roundup

The economic spinoffs of Qatar's World Cup will be felt all over the region that has been looking to diversify beyond the oil sector. -Peden Doma Bhutia Read more ›

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Skift
Skift @ Skift 3 place · 11/23/2022 02:00 EDT

Despegar More Upbeat on Latin America Economic Climate Than in U.S. and Europe

Latin American economies frequently seem to be in shambles, but there are positive developments on the inflation front as far as Despegar is concerned. -Dennis Schaal Read more ›

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Skift
Reuters @ Skift · 11/23/2022 01:40 EDT

Spanish Tourism Leaders Lobby to Curb Short-Term Rental Boom

The hollowing out of city centers to make way for tourists is not good in the short-term and just terrible for long-term quality of life for residents and visitors alike. -Newscred Read more ›

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Skift
Skift @ Skift · 11/22/2022 10:40 EDT

Hilton Uncovers a Lot More About Blended Travelers After Student Competition

Hilton gets an A-plus for piggybacking Adobe Analytics' annual student challenge, as it gains a fresh perspective on how to capture more business. It may not have counted on just how complex this particular segment can be though. -Matthew Parsons Read more ›

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Skift
Skift @ Skift · 11/22/2022 10:00 EDT

Corporate Travel Trends in Europe Lead to New Demands from Business Travelers

Changes on the corporate travel landscape are creating more complex policies, expenses, and payments. Travelers can benefit from simplified all-in-one solutions that allow them to focus on getting the most out of their trips — in turn driving productivity, trust, and satisfaction. -TripActions Read more ›

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