Skift Short-Term Rental Summit is Back This June

Not long ago, Newark Liberty International Airport (EWR) in New Jersey was viewed as one of the worst airports to have a layover in. But with the opening of the futuristic 1-million-square-foot Terminal A in January 2023, Newark Airport has had a glow-up—and the travel industry has noticed.

G Adventures, the world's largest privately owned small-group adventure travel company, has just announced the imminent return of last year’s GX Community Tourism Summit in 2024, to be hosted in conjunction with its non-profit partner, Planeterra, in the vibrant destination of India.

At the inaugural Skift India Summit held at The Leela Ambience Gurugram on Wednesday, hospitality chain Oyo’s CEO Ritesh Agarwal addressed the speculation around its potential IPO. He said that the company does not have a need to raise money at this stage from the public or private markets. Oyo is currently focusing on delivering good earnings results, he said. 

Earlier this month, Skift published a list of top U.S. cities that offer the potential to profit from short-term rental arbitrage. 

India, already the world’s largest emerging outbound travel market, is in the midst of a travel boom as 63% of Indian travelers said they’re planning to increase their travel budgets for 2024. In addition, Indian travelers are projected to become the fourth-largest global spender on travel by 2030.

Marriott International has announced the signing of its debut Ritz-Carlton property in Jaipur, Maharashtra. The 250-key hotel is expected to open in 2028. Currently, the hospitality company operates five hotels in the city. Rajeev Menon, president, Asia Pacific excluding China at Marriott International, said that the Indian market is flourishing and its interest in luxury travel is leading to a growth in demand for global luxury brands. 

Minister of Tourism, Hon. Edmund Bartlett, is set to depart the island to participate in Eco-Canada’s Sustainable Blue Economy Summit 2024 in Halifax, Canada, on Tuesday, March 19, 2024. Minister Bartlett will be a featured speaker and thought leader at the summit, highlighting the critical importance of the blue economy to building tourism resilience and sustainability.

The inaugural Skift India Summit kicks-off this week in Delhi with the opening reception on March 19 and the main event on March 20.

The Asia-Pacific region is expected to play a key role in the travel industry’s growth this year. Skift Research projected the region would see travel revenue jump 20% in 2024 from the previous year as outbound travel from China is expected to increase substantially.

The solar eclipse on April 8, will be a celestial event. It will be visible from 15 states across the U.S., parts of Mexico and Canada. 

These cruises are going to be rare ones, Holland America fans. So get ready to book before they fill up.

When it comes to the best car rental company, Michael Moore has a clear favorite: Enterprise.