The World Travel & Tourism Council (WTTC) and Hotelbeds shared insights at an event called “Global Trends in the Tourism Sector,” in the growing Spanish destination of Palma de Mallorca.
25.08.2023 - 13:24 / skift.com / Rashaad Jorden / Jason Fudin / Alex Chatzieleftheriou
The evolution of blended leisure and business travel has been an enormous boon for businesses in all sectors of the travel industry, including short-term rentals. The rise in demand for short-term rentals can be attributed in the part to the surge in blended travelers.
Three travel executives — Blueground co-founder and CEO Alex Chatzieleftheriou; Placemakr co-founder and CEO Jason Fudin; and Travel + Leisure Co Senior Vice President of Global Rental Operations Heena Patel — addressed several issues regarding the sector at the recent Skift Short-Term Rental Summit in New York. They touched on a wide range of topics, including emerging trends in short-term rental demand, timeshares and the potential for extended-stay brands.
Watch the full video of the discussion with Skift Short-Term Rental Reporter Srividya Kalyanaraman and read the transcript below.
Srividya Kalyanaraman: All right. Thank you everyone for joining us. We have an eclectic panel today. So, Heena from Travel + Leisure, Alex from Blueground, and Jason from Placemakr. And I think it’s really symbolic of the competitions that’s heating up in extended stays, I would say. Let’s start with you, Alex. I know you had some news, you acquired Nestpick. You’ve typically been in Bluegrounds in 30-plus stays furnished rentals. So what was the reasoning behind, well, the partner network, but also specifically Nestpick?
Alex Chatzieleftheriou: Sure. So, Blueground is a global network of move-in ready homes for stays of a month or more, right?
Kalyanaraman: Right.
Chatzieleftheriou: That’s we’ve been building this for the past 10 years. We now operate with what we call our core model, about 15,000 apartments in 30 cities. The core model means that we work with landlords to either lease or have revenue sharing agreements or management agreements with them. We set up the units and then we lease them back to individuals or corporations. So, that’s been a great model for us, but we’ve seen a lot of demand coming up and we wanted to extend the options of supply. So, that’s where the Nestpick acquisition comes in. We acquired Nestpick with the intention of … Nestpick is a platform, again, for 30 days stays and has actually millions of listings from different operators around the world and with the team that’s been very experienced in that sector, will help us launch the partner network. So, partner network is effectively adding other operators in the space, high-quality vetted operators-
Kalyanaraman: Including Placemakr?
Chatzieleftheriou: Exactly. Jason and Placemakr is one of our first operators to be added in the network, and basically, we’ll list in addition to our core supply Jason’s and Placemakr’s supply, and we have lined up about 50,000 additional
The World Travel & Tourism Council (WTTC) and Hotelbeds shared insights at an event called “Global Trends in the Tourism Sector,” in the growing Spanish destination of Palma de Mallorca.
Standard International, the hotel company behind The Standard Hotels and The Peri Hotel — and a majority owner of Bunkhouse House Group — is taking on a lot these days to meet CEO Amber Asher‘s aggressive expansion plans.
Can airlines reduce the total hydrocarbons they burn? Aviation plays a role in the climate emergency, contributing an estimated 3 percent of the world’s carbon emissions a year.
Executives from two new airlines, Connect Airlines and Breeze Airways, shared their strategies at the Skift Aviation Forum in Dallas for starting up and pushing forward.
Not all hotels should pursue remote workers, a hotel group CEO has suggested, because they mostly served their purpose during the pandemic.
The inaugural Skift Aviation Forum welcomed Robert Isom, the CEO of American Airlines, as its first speaker at the Statler Hotel in downtown Dallas. During the interview he shared how the world’s biggest airline was prepared for the upcoming Thanksgiving vacation, and already looking ahead to the future with a focus on recruiting and training pilots, and staffing the carrier back up.
Azul Brazilian Airlines doesn’t expect any ultra-low cost carriers to enter Brazil any time soon. The low cost carrier has 165 aircraft that fly to 170 destinations in Brazil and will flies just under 1000 flights a day next month.
Linda Jojo, chief customer officer for United Airlines, described a slew of ways the major airline is changing the customer experience during the Skift Aviation Forum in Dallas.
The dynamics of ancillary travel product distribution for airlines is continuously changing. Brand loyal customers are the order of the day. Yet in symbiotic ecosystems where airlines use online travel giants like Expedia to tailor their travel packages, competition for loyal customers is unavoidable.
Sun Country Airlines CEO Jude Bricker believes it’s premature to draw firm conclusions about the emergence of new travel patterns seven months into the travel industry’s recovery. But Bricker said at the recent Skift Aviation Forum that surging airfares are changing travelers’ behaviors, including driving more consumers to fly on Tuesdays instead of the weekend.
Steven Udvar-Házy, the co-founder and executive chairman of lessor Air Lease Corporation, believes the airline industry will likely see more consolidation, especially in Europe. Udvar-Házy said at the recent Skift Aviation Forum in Dallas that while he doubts the continent’s low-cost carriers will be involved in any mergers, he sees Italy’s ITA and TAP Air Portugal as takeover targets.
Sean Donohue, the CEO of Dallas-Fort Worth International Airport, has seen his airport make a significant rebound from the pandemic, becoming the world’s No. 2 in terms of passenger count.