Accor raised its profit outlook after luxury hotels and the Paris Olympics helped drive growth, even as the French hospitality giant grappled with weakness in China’s domestic market.
24.10.2024 - 08:51 / skift.com / Rashaad Jorden / Sean Oneill / Kelly Ortberg
Good morning from Skift. It’s Thursday, October 24, 2024, and here’s what you need to know about the business of travel today.
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Anthropic, a generative AI startup, has unveiled new tech that indicates how an AI-powered travel agent would look, writes Travel Technology Reporter Justin Dawes.
Anthropic recently released three demonstrations of the tech, one of which was for making travel plans. A more advanced version of the tech could eliminate the friction of manually navigating options, comparing prices and making reservations. In addition, Dawes notes users might bypass online travel agencies like Booking.com to rely on AI to find the best deals on their behalf.
Hilton reported a record for room growth during the third quarter. But the company trimmed its annual room revenue forecast amid signs of softening domestic travel demand, writes Senior Hospitality Editor Sean O’Neill.
Hilton said on Wednesday it added 6,000 rooms to its portfolio in the third quarter — the highest quarterly room addition in its history. The company also opened 531 hotels during the same timeframe. However, Hilton also said it now expects its revenue per available room to grow between 2% and 2.5% this year, a slight decrease from its projections in both April and August.
Finally, Boeing has had a rough year thus far, and its struggles include a reported $6 billion third-quarter loss, writes Airlines Reporter Meghna Maharishi.
Boeing CEO Kelly Ortberg acknowledged the planemaker is at a crossroads, adding that trust in the company has eroded. Ortberg said he believes the company’s issues, including lapses in its performance, have disappointed many of its customers. He told staff earlier this month that Boeing would delay the first deliveries of the 777X to 2026.
Accor raised its profit outlook after luxury hotels and the Paris Olympics helped drive growth, even as the French hospitality giant grappled with weakness in China’s domestic market.
A major strike at Boeing will continue after union members rejected a revised deal. The IAM union announced on Wednesday night that 64% of mechanists turned down the offer.
Boeing CEO Kelly Ortberg said Wednesday he believes the plane maker can be “an aerospace leader again” as the company faces slew of issues with its aircraft programs and a machinist strike.
Hilton reported record hotel openings and development activity in the third quarter.
As hotel groups vie for dominance in the lucrative extended-stay sector, Choice Hotels has emerged as a leading player in the economy and midscale segments. The franchisor said on Wednesday it had opened its 500th extended-stay property.
Hilton Worldwide modestly trimmed its annual room revenue forecast amid signs of cooling domestic travel demand and broader economic pressures affecting consumer spending.
Good morning from Skift. It’s Wednesday, October 23, 2024, and here’s what you need to know about the business of travel today.
Hilton president and CEO Christopher Nassetta believes the hotel group’s focus on traditional hotels and lodging and mostly “organic” growth gives it an edge over competitors expanding into cruises, vacation rentals, and other categories.
Boeing’s machinist union announced Saturday that it reached a tentative agreement with the company, ending the month-long strike that halted production.
Good morning from Skift. It’s Friday, October 18, 2024, and here’s what you need to know about the business of travel today.
Good morning from Skift. It’s Thursday, October 17, 2024, and here’s what you need to know about the business of travel today.
It’s been a good year for United Airlines.