Skift has looked into the hurdles that several major U.S. cities face in trying to boost tourism — San Francisco and Portland are just two examples.
25.08.2023 - 12:51 / skift.com / Edward Russell / Rashaad Jorden / Carsten Spohr / Sean Oneill
Good morning from Skift. It’s Wednesday, August 23. Here’s what you need to know about the business of travel today.
Apple Podcasts | Spotify | Overcast | Google Podcasts | Amazon Podcasts
Europe is experiencing a major air traffic controller shortage. It’s not only delaying flights, it’s hurting the continent’s travel recovery, reports Edward Russell, editor of Skift publication Airline Weekly.
European airspace manager Eurocontrol found flight delays have increased 6% from last year, attributing those disruptions in part to air traffic controller staffing shortages. Russell writes the staffing shortage appears the worst in France and Germany, the two countries at the heart of Europe’s air traffic control system. One industry executive said European air traffic controllers, often run by individual countries, are at least 700 controllers short of target staffing levels.
Meanwhile, Lufthansa Group CEO Carsten Spohr said in July that air traffic control and other industry constraints would limit growth through at least 2024.
Next, global investment in the travel industry has dropped from pre-pandemic levels. How much? Roughly $100 billion, writes Global Tourism Reporter Dawit Habtemariam.
Habtemariam reports that $856 billion was invested in the industry last year. While that’s an 11% jump from 2021, it’s substantially below 2019’s figure. Habtemariam notes worldwide investment in travel and tourism isn’t expected to return to pre-Covid levels until 2025. The three countries with the highest levels of investment in travel and tourism last year were the U.S., China and Saudi Arabia.
Finally, the U.S. lifestyle and boutique hotel pipeline is projected to grow substantially in the near future, but those forecasts may be overly optimistic, reports Senior Hospitality Editor Sean O’Neill.
Analysis by hotel consulting firm The Highland Group said developers and hotel groups are planning to open nearly 60,000 branded lifestyle, soft-branded and boutique hotels by the end of 2027. That figure would represent a 29% annual increase.
However, Kim Bardoul, partner at The Highland Group, said those projections are likely too optimistic. Still, O’Neill writes that developers are interested in lifestyle and boutique hotels because of their recent positive financial performance, on par with the traditional, large hotel properties. And there’s growing demand from guests.
Skift has looked into the hurdles that several major U.S. cities face in trying to boost tourism — San Francisco and Portland are just two examples.
Good morning from Skift. It’s Friday, September 1. Here’s what you need to know about the business of travel today.
The British air traffic control service experienced a “technical issue” on Monday, causing delays to flights and significant disruption to air travel in and out of Britain.
Can hotels exert more influence in policy-making? Where will future development growth come from? Is generative AI relevant to the hotel sector? These and other subjects will be top of mind for us as we interview top bosses at Hilton, Hyatt, Accor, and other hotel leaders on-stage at the Skift Global Forum in New York on September 26-28.
The European Union has upheld France’s landmark climate law that bans select flights on routes where trains are time competitive.
Hyatt just lapped the one-year anniversary of acquiring the all-inclusive resort company Apple Leisure Group in a $2.7 billion deal. The Chicago, Illinois-based hotel group is now looking to expand its hotel presence in European cities that could help feed its all-inclusives, according to comments executives made as they reported its earnings.
Good morning from Skift. It’s Monday, December 5. Here’s what you need to know about the business of travel today.
JetBlue Airways will land on the European continent next summer with new flights to Paris.
Good morning from Skift. It’s Monday, December 19, and we are headed back from a successful Skift Forum in Dubai. Here’s what you need to know about the business of travel today.
Good morning from Skift. Somehow it’s already Friday, January 20. Here’s what you need to know about the business of travel today.
Good morning from Skift. It’s Friday, December 30, and here’s what you need to know about the business of travel today.
Spain’s rail operator Renfe has begun testing two new cross-border high-speed rail routes to France that could begin carrying passengers by summer.