In our weekend roundup, we delve into the pros and cons of Google’s latest foray into the tours and activities industry, providing insights into how online travel agencies might stand to benefit. We also catch up with IHG’s new CEO Elie Maalouf and his ambitious plans for the brand’s future. From AI’s influence on the travel sector to the latest controversies in short-term rentals, keep reading for a comprehensive look at the most pressing issues in today’s travel landscape.
Online Travel CEO Pay: Ranking the Top Earners
25.08.2023 - 13:32 / skift.com / Jason Clampet
This week was dominated by speculation around Choice Hotel’s interest in acquiring its budget lodging competitor Wyndham. Experts weighed in on the will they or won’t they arguments and Wall Street had some ideas of its own as well. We covered that in depth. We also looked at CEO compensation at online travel companies while trying to make sense of why who was earning what in 2022. Read below for these and more headlines from this week.
10 Highest-Paid Online Travel Execs in 2022
Sonder and Vacasa, both of which face potential delistings in 2023, gave their CEOs pay packages worth $21 million and $13 million, respectively, over the coming years. As these things go, that’s ample motivation to improve performance.
Choice Hotels Explores Buying Wyndham: Report
It’s unclear if talks between the two largest U.S. operators of non-luxury hotels are earnest. But even the idea that Choice Hotels is interested in a merger speaks volumes about how the sector is becoming a scale game.
More: Analysts Skeptical of Choice Hotels Acquisition Interest in Wyndham
The Undoing of American and JetBlue’s Northeast Alliance – in 11 Quotes
The 94-page ruling methodically knocks down the argument from American and JetBlue that their alliance boosts competition to benefit flyers.
More: What’s Next for American and JetBlue After Court Rejects Alliance
Chase Travel Looks to Become a Household Name With $15 Billion in Sales by 2025
Chase Travel’s ascension, and that of other banks selling travel, is becoming an ever-more important power center in a fragmented travel industry. There will be hyper competition in this space.
Tourism Triumphs: Skift Travel Health Index Reaches Record High
For the first time since January 2020, the Skift Travel Health Index has topped 100, a sign that global tourism is now performing better than it did before the pandemic. Every region in our index showed growth over the last month.
Podcast Bonus: The Skift Research team explains the industry’s coronavirus recovery
Tourism Industry Warns: NAACP’s Florida Travel Advisory Could Hurt Black Businesses
Many in the tourism industry are unhappy with the direction Florida is taking in its restrictive policies toward marginalized communities, but they don’t believe the solution is to avoid traveling to the state.
Cracking the Code for a New Wave of Members Clubs
There is a boom in private clubs around the world. But, in the race to garner members and open outlets, personalized service and the underlying craft have gone missing. True hospitality plus thoughtful social and commercial dot-connecting remains a nice open white space.
GetYourGuide Joins Kayak and Expedia With a ChatGPT Plugin
ChatGPT plugins had already covered flight and hotel bookings. Now, two new
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skift.com
25.08.2023 / 14:43
American Airlines CEO Is Ready for the Holiday Travel Rush
The world’s biggest airline is ready for Thanksgiving, having already battled through several hurricanes in recent months.
skift.com
25.08.2023 / 14:42
Uber's New Viator Partnership Highlights Increased Fragmentation in Online Travel
Do you remember a few years ago how there was so much talk in online travel about the Booking Holdings–Expedia Group duopoly? How Expedia Group, which owned Expedia, Travelocity, Orbitz and Hotels.com, and Booking, with brands including Booking.com, Kayak, Priceline and Agoda, controlled the hotel market and a whole lot more in travel?
skift.com
25.08.2023 / 14:35
American Airlines CEO: 'We're Ready' for the Holidays and Beyond
For this bonus episode of The Skift Travel Podcast, we turn to Dallas where we held our first in-person Skift Aviation Forum earlier this week. To begin the event, we invited American Airlines CEO Robert Isom to have a conversation conversation with Airline Weekly’s Ned Russell about post-pandemic pattern changes and how his airline is preparing for the holiday season ahead.
skift.com
25.08.2023 / 14:20
The Top Cities for Recent Car Rental Reservations
Global car rentals rocketed during the end-of-year holiday break, with more than three times the amount of seven-day bookings compared to the 2019 winter holiday period.
skift.com
25.08.2023 / 14:20
Skift's 2023 Megatrends and Other Top Stories This Week
Skift Megatrends Defining Travel in 2023: Here are 16 travel industry trends for the new year and beyond that we hope will help you navigate your businesses through increasingly uncertain and opportunistic times.
skift.com
25.08.2023 / 14:16
Travel Stays Strong for Google and Facebook
As other sectors deal with post-epidemic corrections, travel brands continue to grow as they make up for lost ground over the last three years. Earnings season continued this week and both Meta’s and Google’s results showed the strength of travel brands during the last quarter. Read on.
skift.com
25.08.2023 / 14:13
Online Travel Companies Make a Bundle Investing Customer Cash
The longtime business models of online travel companies ranging from Airbnb to Expedia and Booking.com are getting increased scrutiny from the media and short-term rental hosts because these companies hold onto customer funds, and invest them for profits before disbursing them, sometimes months later.
skift.com
25.08.2023 / 14:12
Online Travel Agency Exoticca Launches Campaign With Movie Trailer-Like Ads
Exoticca, a Barcelona-based online travel agency focused on affordable luxury tours and vacation packages, launched its first-ever brand campaign this year. The campaign, titled What a Time to be Alive, debuted in early January with TV spots in Canada and the United Kingdom and digital ads in the United States, Mexico and Spain.
skift.com
25.08.2023 / 14:09
Online Travel Storytelling Spin Cycle Is Running at Full Speed
It’s another earnings season so online travel companies such as Airbnb, Expedia and Tripadvisor occasionally present facts in a misleading — or at least in an exceedingly positive-sounding — way.
skift.com
25.08.2023 / 14:09
Visa Delays, AI for Expenses, Dolly Parton and More Travel News
Earlier this week we did our first event on LinkedIn live, and we think it went pretty well. You can watch a recap of the discussion about what travel marketers should expect in 2023 on LI or back on Skift, too.
skift.com
25.08.2023 / 14:08
Trivago and Tripadvisor Metasearch Lag Online Travel Agency Pandemic Recovery
Travel metasearch sites such as Trivago and Tripadvisor fell considerably short of pre-pandemic 2019 revenue levels in 2022 while travel companies in other sectors, such as Airbnb in short-term rentals, and tours and activities provider Viator greatly exceeded their marks from three years ago.