Good morning from Skift. It’s Tuesday, September 12. Here’s what you need to know about the business of travel today.
25.08.2023 - 13:29 / skift.com / Scott Kirby / Edward Russell / Rashaad Jorden / Sean Oneill / Peden Doma Bhutia / Andrew Nocella
Good morning from Skift. It’s Tuesday, June 6. Here’s what you need to know about the business of travel today.
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Travel companies across the U.S. have seen an enormous boom in leisure travel demand coming out of the pandemic. However, United Airlines CEO Scott Kirby believes the U.S. is in a “business recession,” reports Edward Russell, editor of Airline Weekly, a Skift publication.
Kirby said at a conference in Istanbul on Monday that while consumer spending is strong, the same can’t be said for businesses. Russell writes that the downturn has contributed to a slower business travel recovery than many had expected. United Chief Commercial Officer Andrew Nocella acknowledged that business travel demand at United has plateaued while declining to state how much it’s recovered.
Russell adds the state of corporate travel is a major concern for airlines, noting the business travelers represent a significant portion of revenue — especially during periods of slower leisure travel.
Next, Marriott is making another foray into the extended-stay sector. The company is launching a brand geared toward price-conscious travelers seeking stays between seven and 30 days, reports Senior Hospitality Editor Sean O’Neill.
Marriott announced on Monday that it would expand into the “affordable midscale” hotel category with the yet-to-be named brand. O’Neill writes the new brand — Marriott’s 32nd — will be the company’s most affordable cost-per-room hotel brand in the U.S. and Canada. Marriott’s other brands with mostly long-stay guests are largely geared toward luxury travelers. O’Neill adds Marriott expects to open the brand in late 2024 or early 2025.
Finally, roughly 90 percent of LGBTQ+ travelers in India consider their personal safety as an important factor when booking travel, reports Asia Editor Peden Doma Bhutia and Middle East and Asia Reporter Amrita Ghosh.
A recent Booking.com survey found that the percentage of LGBTQ+ travelers in India prioritizing safety had jumped 20 percentage points from last year. Roughly 80 percent of respondents said destinations they perceived to be unfriendly to LGBTQ+ travelers were off their travel radar. Bhutia and Ghosh did note that India’s travel industry has made progress in becoming more inclusive for members of the country’s LGBTQ+ community. The survey also revealed 91 percent of respondents feel more comfortable while traveling.
Good morning from Skift. It’s Tuesday, September 12. Here’s what you need to know about the business of travel today.
Although business travel has made significant progress in its recovery in recent months, it’s uncertain if and when it will fully rebound from the pandemic.
We learned a lot about hotel sector history by listening to Hilton vs. Marriott — the latest season from , a show from Wondery, Amazon’s podcast studio.
A shift towards experiential journeys, growing demand for premium travel options – Indians approach to travel is evolving, according to Mukul Sukhani, senior vice president of business development at Mastercard.
Marketers beware: Prior ways of marketing to Chinese consumers, including travelers, won’t work as well today because their preferences changed during the pandemic.
China’s latest loosening of its stringent zero-Covid policy, mostly for domestic tourism, comes across as too little too late, at a time when the rest of the world is living with the virus.
Marriott International is debuting an extended-stay brand offering serviced apartment stays in the U.S. and Canada. The Apartments by Marriott Bonvoy product will play in the premium and luxury segments, syncing with Marriott’s overall portfolio — which is in the upper half of lodging categories.
Good morning from Skift. It’s Monday, December 12. Here’s what you need to know about the business of travel today.
Good morning from Skift. It’s Thursday, January 26. Here’s what you need to know about the business of travel today.
India-headquartered travel tech firm RateGain Travel Technologies is acquiring Adara, a Silicon Valley-based firm in travel martech and predictive consumer intelligence. The cost: a mere $16.1 million, according to RateGain’s filing on the Indian stock market, which puts Adara, long troubled with management and competition issues for the last few years, out of its misery.
Good morning from Skift. It’s Wednesday, January 11, and here’s what you need to know about the business of travel today.
Skift has published hundreds of stories on funding for travel startups since our launch in 2012, featuring Airbnb and tours and activities provider GetYourGuide among other companies in some of those early articles. We took our coverage even further three years later with a weekly roundup of startups that had received or announced funding from investors.