Young travelers are hungry for adventure, and it’s taking them to Africa.
25.08.2023 - 14:28 / skift.com / Edward Russell / Southwest Airlines / Rashaad Jorden / Sean Oneill / Shane Tackett / Stephen Scherr
Good morning from Skift. It’s Thursday, December 8. Here’s what you need to know about the business of travel today.
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Southwest Airlines has announced it will pay a dividend to its shareholders on January 31, 2023, making it the first U.S. airline to resume shareholder returns since the start of the pandemic, reports Edward Russell, editor of Airline Weekly, a Skift brand.
Airlines that accepted federal aid under the U.S. CARES Act in March 2020 had been barred from issuing shareholder returns, including dividends and stock buybacks, until this September. Southwest estimates it will pay out roughly $428 million in dividends. Its announcement comes after the Dallas-based carrier reported a $277 million net profit in the third quarter.
Russell notes that other U.S. airlines may not be far behind Southwest. Alaska Airlines Chief Financial Officer Shane Tackett revealed in October that its management would discuss possibly resuming shareholder returns with Alaska’s board.
Next, Hertz has made a massive recovery since the start of the pandemic, emerging from bankruptcy and posting record earnings with the demand for rental cars soaring. And CEO Stephen Scherr believes the surging interest in electric vehicles and emerging forms of artificial intelligence will help boost business, reports Skift founder and CEO Rafat Ali.
Scherr said, in an exclusive interview with Ali, that Hertz is moving aggressively in adding electric vehicles to its fleet, including buying 175,000 General Motors electric vehicles over the next five years. Scherr stated that Hertz aims for 25 percent of its fleet to be electric by the end of 2024, adding that consumers will be able to choose from a wide variety of models to rent.
Scherr also acknowledged that Hertz has used artificial intelligence to determine, among other tasks, whether one of its cars suffered damage. He added that Hertz can employ artificial intelligence to help the company run more efficiently, including utilizing it to understand consumer demand for its products.
We wrap up today looking at Rosewood Hotels & Resorts’ approach to doubling the 30 luxury hotels in its portfolio. The company is focusing on finding properties away from tourist epicenters where it believes it can provide consumers immersive experiences, reports Senior Hospitality Editor Sean O’Neill.
As Rosewood President Radha Arora said the days of building hotels in obvious fashion or shopping hubs are over, O’Neill writes part of its formula has been finding properties away from tourist epicenters that can be converted into hotels. O’Neill cites Italy’s Tuscany region and the Caribbean island Saint Barts as destinations where Rosewood transformed
Young travelers are hungry for adventure, and it’s taking them to Africa.
South Africa – with its dramatic coastline, wildlife-filled parks, vibrant cultures and cosmopolitan cities – can be within reach for travelers of all budgets.
South Africa’s ministry of tourism and Airbnb have announced a partnership to regulate the country’s short-term rental industry.
Incredible wildlife, world-class beaches and cosmopolitan cities – South Africa has so much to offer that it's no wonder travelers flock there. But it's important to be aware of entry requirements to avoid disappointment upon arrival.
From dynamic Cape Town and cosmopolitan Johannesburg to wildlife-filled expanses of wilderness such as the Kalahari and the Drakensberg Mountains, South Africa is rich with adventures. The best time to visit will depend on where you want to go and what you want to do when you get there.
This as-told-to essay is based on a conversation with Rowena Shek. It has been edited for length and clarity.
Amsterdam has dominated cannabis tourism for 40 years, but now it’s stepping back from this multibillion-dollar industry, creating opportunities for emerging marijuana destinations in Asia, Africa, and the Americas. New rules in the Dutch city’s central tourist area limit alcohol sales, require bars to close earlier, and impose a €100 ($107) fine for public marijuana smoking.
South Africa offers some of the world’s most diverse landscapes, from sparkling oceans and stark deserts to snow-capped peaks and wildlife-dense savanna.
Three U.S. airlines on Wednesday warned of higher fuel costs in the third quarter due to a jump in crude prices, adding to pressures the industry faces from expensive labor contracts.
Spend any time in South Dakota and what strikes you most is that the place still works. At a time when so many American cities seem like backdrops for the next Hollywood dystopian thriller, life amid the amber waves of grain feels like utopia, a remnant of a country that once was. With 63 parks and recreation areas to explore, it’s no surprise that Forbes included the state on their recent best travel destinations list.
Let’s not beat about the bush: South Africa has a bit of a scary reputation. Much is said about the country’s unenviable crime rate, but so much more can be said about all the things that make this diverse destination so magnificent. You shouldn't let anxiety about possible dangers put you off visiting this amazing African country.
South Africa is an excellent destination for family trips.