What impact would Airbnb’s diminishing New York City footprint have for hotels? One major hotel operator in the city believes the shortfall will contribute to a significant “tailwind” for hotels in 2024.
25.08.2023 - 13:00 / skift.com / Edward Russell / Rashaad Jorden / Sean Oneill
Good morning from Skift. It’s Tuesday, August 22. Here’s what you need to know about the business of travel today.
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Hospitality brand Selina has seen a dramatic swing in its stock price as it attempts to escape from its penny stock status, reports Senior Hospitality Editor Sean O’Neill.
The company saw its shares fall 41% last Friday although they rebounded 9% on Monday. O’Neill writes the stock price drop happened after Selina said that 8.6 million shares could be hitting the market soon. Two other hospitality brands, Sonder and Vacasa, have also seen stock prices go to penny stock status recently.
Next, American Airlines pilots approved a new contract on Monday worth nearly $10 billion, becoming the second major U.S. carrier to finalize a pilot deal this year, reports Edward Russell, editor of Skift publication Airline Weekly.
Russell writes pilots at American will immediately see a more than 21% pay raise under the four-year contract. It also includes roughly $1.2 billion in retroactive pay and bonuses. However, Russell notes that the deal was hardly a slam dunk for the Allied Pilots Association, which represents American’s pilots. Only about 73% of crew members voted for the deal.
Pilots at Delta Air Lines had ratified a four-year contract of their own in March, which included an up to 34% pay increase.
Finally, Omni Hotels knows it has the odds stacked against it in the fight to attract travelers. But it’s confident it can compete against global hotel giants, reports Senior Hospitality Editor O’Neill in this week’s Early Check-In column.
Hotel giants have argued that smaller players such as Omni, which only has 51 hotels and resorts, can’t compete with their ability to use huge loyalty programs to lure guests. But Omni CEO Kurt Alexander touted the benefits of his company in an interview with Skift. Alexander said Omni is less expensive for hotel owners than bigger brands from a franchise and royalty fee standpoint.
Alexander added he would like to partner more with institutional owners. He said that Omni is flexible on brand standards, which may make it more appealing than large hotel groups that often have an extensive list of requirements.
What impact would Airbnb’s diminishing New York City footprint have for hotels? One major hotel operator in the city believes the shortfall will contribute to a significant “tailwind” for hotels in 2024.
Selina, a hotel and experiences brand focused on youth travelers, said on Wednesday that its financial metrics were trending in the right direction as it reported earnings results.
Traveling around the world can be challenging — and costly— let alone when you have three dogs in tow, including a massive Great Dane.
After traveling to 24 different countries and staying in over 45 hostels, I'm a self-proclaimed expert.
It only took three installments over two decades, but the Portokalos family of the My Big Fat Greek Wedding film series is finally headed to the motherland. In the third movie, they head to Greece for a family reunion in the hometown of their beloved, recently passed patriarch. It’s a delightful development for the franchise, but it only came about via mundane logistics. “Something miraculous happened,” says the film’s writer, director, executive producer, and star Nia Vardalos. “Greece got a tax credit, and that is magic. That is music to any financier's ears.”
Trivago built a global brand as a place to find hotel deals in the years leading up to its 2016 IPO based on a blitz of TV advertising. You couldn’t avoid the Trivago Guy on U.S. TV, and his male and female counterparts were equally ubiquitous in markets from Germany to Australia.
Visiting London is all about hitting the big sites: Tower Bridge, the British Museum, St. Paul’s Cathedral, and, of course, Big Ben. To make every second of your time in the English capital count, book a hotel near one of those must-see places — you’ll feel fully immersed in the city, and you’ll get an eyeful of beauty every time you look out the window or step out the door. Staying in a hotel near Big Ben in London is probably the best strategy because you’re not only next door to the most famous clock tower in the world, but also to so many other must-sees: Westminster Abbey, the London Eye, Trafalgar Square, 10 Downing Street, and, the icing on the cake: Buckingham Palace. Of course, the problem with this idea is that the closer you are to the big attractions, the more expensive the accommodations, but we’ve managed to find six luxury hotels near Big Ben for a variety of budgets.
If you’re dreaming of a California road trip, make sure you plan enough time to include iconic Big Sur in your plans. In Big Sur, dramatic cliffs meet the vast expanse of the Pacific Ocean, and ancient redwoods tower above enchanting coastal landscapes. It’s on Highway 1 south of San Francisco and known for being a truely dreamlike destination that beckons adventurers, nature lovers, and anyone seeking a bit of tranquility and fresh air.
Working from home can be isolating. Especially in busy SoCal and the Bay Area, where it often seems as though the world is moving all around you while you’re glued to your computer screen in that tiny apartment slash home office. We feel you, and we have a suggestion — book an Airbnb in Big Sur, get away for a few days or a few weeks, and jolt your productivity with frequent breaks to surf uncrowded waves, explore new hiking or biking trails, and switch up your usual lunch routine on the Pacific Coast Highway. You have plenty of spaces to choose from, and these are the best Airbnbs in Big Sur for both productivity and recreation.
Big Sur is an amazing place to visit and explore. It’s a rugged stretch of California coastline that has an incredible combination of mountains, ocean views, beaches, and redwood forests. Whether you’re looking for a relaxing day on the beach or more adventurous activities like hiking in the Santa Lucia Mountains, these Big Sur hotels ensure you’re within reach.
It was an exciting weekend for Jamaica on the international stage with the destination taking home over 30 major awards at the 2023 World Travel Awards Caribbean & The America’s Gala, held on August 26 in St. Lucia. Jamaica was again named Caribbean’s Leading Destination for the 17th consecutive year with the Jamaica Tourist Board winning the Caribbean’s Leading Tourist Board award for the 15th year in a row. The country was also named the Caribbean’s Leading Cruise Destination 2023, with the Port of Falmouth being named the Caribbean’s Leading Cruise Port 2023 and the Port of Montego Bay being named the Caribbean’s Leading Home Port 2023.
What have American Airlines, Sabre, Amex GBT, Tripadvisor, Expedia and many other big travel companies all got in common this year? Well, based on media reports, they’re all among major travel industry players that have made redundancy rounds of varying sizes this year, following in the footsteps of major tech firms last year. Meanwhile though the wider travel tech industry has suffered a skills shortage since the pandemic caused a mass exit of workers to other professions. Could the redundancies in the big travel companies be good news for the travel tech industry looking to hire? We asked a range of travel experts whether they thought the tables might now turn, or if we’re still going to face challenges in the longer term.