The return of North American flights to Asia-Pacific is accelerating heading in to 2024, as carriers bet on the region as the next source of high-margin revenue at a time of soaring costs.
25.10.2023 - 11:09 / skift.com / Edward Russell / Dennis Schaal / Rashaad Jorden / Sean Oneill
Good morning from Skift. It’s Wednesday, October 25. Here’s what you need to know about the business of travel today.
Apple Podcasts | Spotify | Overcast | Google Podcasts | Amazon Podcasts
Taylor Swift wasn’t the only major pop star responsible for a tourism boom this summer. Beyonce’s Renaissance Tour helped lift hotel bookings across the U.S. and Europe, writes Senior Hospitality Editor Sean O’Neill.
O’Neill cites Cardiff, Wales, Cologne, Germany and Houston, Texas, as cities where hotel bookings surged during stops on Beyonce’s tour. Hotels in her hometown of Houston generated $18 million in revenue on the nights of her concerts, a 45% jump from the same weekend last year.
However, O’Neill notes some cities — including London, Boston, and Las Vegas — didn’t register a noticeable bump. He adds shows on weeknights during the school year were much less likely to drive travel demand.
Next, Airbnb has been accused of violating a temporary restraining order in a New York City building, reports Executive Editor Dennis Schaal.
The owner had placed the building on New York City’s so-called banned building list, which blocks short-term rentals.
However, the contempt motion alleges that guests were seen in the apartment on October 17 and that the listing was still on Airbnb. Schaal writes the building owner asked the judge to impose penalties for an alleged violation related to a short-term rental listing. A hearing is scheduled for October 30 in a New York State court.
Finally, prominent airline industry executives will gather for the Skift Aviation Forum in Fort Worth, Texas on November 1. Edward Russell, editor of Skift publication Airline Weekly, lists five topics he’s looking forward to discussing at the Forum.
Russell writes that, despite constant warnings about economic downturns, the global airline industry is continuing to make progress in its recovery. While he notes that corporate travel in the U.S. has plateaued in its rebound, international travel has continued to boom. Transatlantic demand set records this summer, and many industry figures expect transpacific to surge as well.
The return of North American flights to Asia-Pacific is accelerating heading in to 2024, as carriers bet on the region as the next source of high-margin revenue at a time of soaring costs.
Good morning from Skift. It’s Friday, November 10. Here’s what you need to know about the business of travel today.
Sydell Group, the owner of NoMad Hotels, is weighing the possibility of selling the boutique brand, according to a report published in Bloomberg on Friday.
The American Hotel & Lodging Association on Thursday joined the U.S. Chamber of Commerce and other upset parties in filing a lawsuit in a federal court in Texas questioning the legality of a National Labor Relations Board “joint-employer” regulation announced on October 26
Good morning from Skift. It’s Tuesday, November 7. Here’s what you need to know about the business of travel today.
Now that Airbnb has seen its listings numbers collapse in New York City because of a regulatory crackdown, the short-term rental company thinks boutique hotels can help fill the gap.
At the start of the year, Sortis Holdings said it would acquire Ace Group International, owner of Ace Hotels, for $85 million in cash. Now the deal is off.
Hyatt has bet more of its future on China than any other Western hotel group. It has 40% of its hotel pipeline there — a greater percentage than the hotel development pipeline of any public company in its peer group.
Norwegian Air reported third-quarter profit above expectations on Thursday and said current ticket sales were “slightly reduced” going into the usual winter travel lull.
American Airlines is adjusting its course during the pandemic recovery to boost its profitability, such as by focusing on under-served routes in the U.S. and by making its frequent flyer program an even bigger revenue generator.
The roof is raised, albeit temporarily, on a major loyalty partnership between Caesars and Wyndham across the U.S.
The Dallas area has topped national rankings for hotel development for more than a year as the Texas capital enjoys a hotel building boom.