Boom tips

After the travel frenzy of 2023, all signs point to increasing interest in far-flung destinations, villa rentals, private jet bookings and personal pilgrimages in 2024.

Luxury travel planners are seeing an uptick in bookings, driven by a demand for remote destinations, exclusive group travel, and passion-centered experiences.

Taylor Swift may be singing, “You Need to Calm Down,” but fans in Asia aren’t listening. The singer’s highly anticipated Singapore tour in March is stirring up a travel storm in Southeast Asia. 

The Biden administration’s infrastructure spending blitz has put more construction laborers on the road for work this year, fueling a race by extended-stay hotel operators to win their business.

The global aviation industry is expected to experience a significant increase in passenger traffic in 2024, according to the International Air Transport Association (IATA). This is good news for the airlines, though passengers may find that flights are even more full than they were this year.

The City of Myrtle Beach, South Carolina earlier this week gave its initial approval to a multi-family housing development plan. The proposal entails the annexation and rezoning of approximately 18 acres of land. Presently, the site is designated for commercial projects, but the proposed zoning change would permit a mix of commercial and residential development —  this would include construction of more than 380 housing units, with a portion of them anticipated to be utilized for short-term rentals.

The tourism industry, a vital contributor to this economic growth, continues to flourish with increased foreign national arrivals. For the mentioned quarter, stopover visitor arrivals surged by 5.5% to 682,586 visitors. While cruise passenger arrivals experienced a modest decline of 20.5%, totaling an estimated 178,412 visitors compared to the corresponding quarter in 2022.

Boom Supersonic, the company building the world’s fastest airliner, announced multiple milestones across the Overture airliner, Symphony engine, and XB-1 supersonic demonstrator programs. The company also confirmed closing of an investment round, including a strategic investment from the NEOM Investment Fund (NIF). Boom’s total funding to date now exceeds $700 million.

American Express Global Business Travel says its push to make it easier for small businesses to manage their travel needs has paid off. The company reported double-digit transaction growth in the small- and medium-sized business segment in the third quarter. 

The Dallas area has topped national rankings for hotel development for more than a year as the Texas capital enjoys a hotel building boom.

Boosted by the travel boom, the Indian hotel industry is set to report double-digit revenue growth in fiscal 2024, as projected by ratings agency ICRA.

This past summer, Instagram feeds were plastered with videos of tourists in Italy. You’d see a video of the Trevi Fountain with just a few Italian models taking photos – then a more realistic video with swarms of sweaty tourists.

Last week, Hong Kong-based carrier Cathay Pacific announced the resumption of three non-stop weekly flights from Chennai.

The Cyprus property market has been booming for a while, but the focus has been on the residential sector, rather than retail. However, the first casino in Europe from Hong Kong-based Melco Resorts potentially opens the door wider to luxury shopping.

The Caribbean island of Barbados is preparing for an onslaught.

This summer’s travel boom is showing no signs of slowing down during the Labor Day weekend, especially for the growing number of Americans looking to vacation overseas.

Boom Supersonic, the company building the world’s fastest airliner, Overture, has completed several key milestones with its technology demonstrator aircraft, the XB-1.

Airlines used to lean on online travel agencies to find customers. But now in something of a turnabout, airlines have enough loyalists that online travel companies are, in some cases, providing services to airlines to help them sell upsells and packages directly.

Short-term accommodation in Spain’s 20 biggest cities is rapidly catching up with the number of rooms managed by hotels, a study [see embed, below] released on Tuesday found, prompting hoteliers to call for better regulation of their upstart rivals.

Good morning from Skift. It’s Wednesday, June 7. Here’s what you need to know about the business of travel today.

In a new Skift Research report, entitled Understanding the Chinese Traveler Post-Covid: ​Survey Findings and Trends​, we explore various stages of the Chinese travel journey, decode their spending habits, and offer key takeaways for Destination Management Organizations (DMOs) and travel suppliers.