Welcome back to another episode of the TravelPulse Podcast!
20.11.2023 - 00:33 / skift.com / Rafat Ali
In a long, dense and fascinating proposed rule document the U.S. Federal Trade Commission published earlier this month in the Federal Register, it outlines what the affect of fee transparency will be on the time consumers save to book online.
The document outlines the proposed rules, and calculates the times savings and costs involved in compliance with these new rules, for sectors such as the live-ticketing industry, the hotel and short term rental industry (which is jointly calls short-term lodging sector) and the restaurant sector.
For the short-term lodging sector, these two charts of calculation are worth looking at. All of the benefits and costs and have been calculated over 10 years period.
The FTC analysis says that on an economy-wide basis, there are positive benefits to the proposed rule if the benefit per U.S. consumer is at least $6.65 per consumer per year over a 10-year period. Quantified benefits in these industries derive from time savings consumers would experience due to greater price transparency, leading to more efficient shopping processes. Quantified costs derive from the costs to firms of complying with the proposed rule.
Over a 10 year period, the U.S. consumers will save anywhere from $663 million on the low end to $980 million per year on the highest end of the assumptions, and anywhere from $4 billion to $8 billion over the 10 year period.
Welcome back to another episode of the TravelPulse Podcast!
Luxury Florida property leverages enhanced camera technology in order to instantly identify and respond to potential safety threats in real-time.
With the data provided in the CapEx 2023 study, industry decision makers can better evaluate and make informed decisions regarding capital expenditures for their properties and repairs and maintenance spending.
Mercure has partnered with Munchies and TOPJAW to inspire the palates of world travelers with 50 amazing food & drink experiences around the globe.
November is a great month — and a hard month. It's a mix of cold air and elections, hearty meals with family, airport chaos and, if you're like me, lots of time spent scouring the internet for incredible travel deals in the days after Thanksgiving.
At the beginning of each year, Skift launches its annual Megatrends, forecasting the top trends that will define the travel industry for the year ahead. See last year’s predictions here.
Sun Valley, Idaho is practically synonymous with winter sports—and for good reason. Not only is the Valley home to some of the country’s best skiing, but it has one of the sport’s oldest histories in America too. Inspired by the great ski resorts in Switzerland, Austria, and other parts of Europe, Union Pacific Railroad company built the world’s first ski chairlift here in the 1930s as a way to transform the area from a sleepy valley of sheepherders into America’s inaugural ski resort destination.
A Wellness sanctuary in the heart of the Ría Celestún Biosphere Reserve.
After 9/11 and again after the 2008 financial crash, when hoteliers were in similar situations, they handed inventory over to OTAs at deep discounts to get “heads in beds,” and soon distribution partners held more power over inventory than the suppliers themselves.
The European cities with the largest pipelines at the close of the quarter are led by London with 79 projects/14,078 rooms and Istanbul, up 20% by projects YOY with a record 48 projects, accounting for 7,936 rooms. Next is Lisbon, with 37 projects/4,070 rooms, then Dublin with 34 projects and a record 6,492 rooms, and Dusseldorf with 30 projects/5,465 rooms.
Minor’s European hotel business was a particularly strong performer, achieving its highest-ever third quarter RevPAR fuelled by robust leisure demand and a substantial increase in business travel supported by several large events, corporate conventions and trade fairs.
Dubai, with 66 projects/18,787 rooms, continues to dominate the construction pipeline in the UAE at Q3.