It’s been almost a year since the war between Israel and Hamas began, and it’s been spreading wider.
04.10.2024 - 18:15 / skift.com / Donald Trump / Rashaad Jorden / Lex Haris / Sarah Kopit
The winner of the rapidly approaching U.S. presidential election is bound to have an outsized impact on the travel industry, a topic Skift has examined in recent weeks. But that’s not the only important politics-related matter on the minds of travel executives.
Editor-in-Chief Sarah Kopit discussed how the result of the upcoming election could shape the travel industry and other issues pertaining to politics and travel, including conflicts in Ukraine and the Middle East, with Managing Editor Lex Haris.
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Government Actions and Travel: The upcoming U.S. presidential election will significantly impact the travel industry. Broader economic policies such as taxes, inflation control, and stimulus could affect both domestic and international travel demand, especially in terms of consumer spending.
Taxes and Premium Travel: There’s a divide in tax policies between Trump and Harris. Trump’s policies focus on continued tax cuts, while Harris proposes higher taxes for wealthier individuals. This could affect the travel industry’s focus on attracting premium travelers, who may be impacted by tax changes.
Visa Policies and Workforce: U.S. immigration and visa policies play a crucial role in both leisure and business travel. Changes under a future administration could either increase or limit visa issuance, affecting international inbound travel and workforce supply, both vital for the travel sector.
Global Conflicts and Travel Strategy: Ongoing international conflicts, such as those in Ukraine and the Middle East, have localized impacts on travel (e.g., flight rerouting and cruise changes). However, there’s concern about potential escalation, which could disrupt global travel markets more broadly.
Regulatory Environment: The regulatory landscape (e.g., environmental policies, labor laws, junk fees) may shift based on the outcome of the election. Trump has historically favored deregulation, while a Harris administration may continue the stricter regulatory approach seen under Biden. Both scenarios have implications for sectors like aviation and hospitality.
The podcast delves into the political factors that could shape the travel industry, starting with the potential business impacts of the upcoming US presidential election. Managing Editor Lex Haris highlights how government policies, like taxes and visa restrictions, can influence markets as much as business trends. The conversation touches on how a Trump administration would likely push for tax cuts and deregulation, while a Harris administration might focus on targeted taxes on wealthier individuals and businesses. Immigration policy is also a key topic, with visa issuance and workforce supply being major concerns for
It’s been almost a year since the war between Israel and Hamas began, and it’s been spreading wider.
The scent of burning wood filled my nostrils as I pushed through the large paned doors of Fore Street in Portland, Maine. The restaurant, with its tavern-like atmosphere and rustic wood and brick accents, instantly felt welcoming.
Oct 2, 2024 • 13 min read
The experiences sector has seen a boom in recent years as travelers are choosing to spend more money on experiences than possessions. Skift Research’s Venture Investment Trends in Travel 2024 report revealed experiences was one of the few sectors in travel to see an increase in venture capital investment.
It's that time of year again: Time to use any credits that will expire at the end of the year, plan any last mileage runs or mattress runs for elite status and start thinking about your points-and-miles strategy for next year. It's also a good time to see what loyalty program and credit card changes are happening next year.
This as-told-to essay is based on a conversation with Jennison Grigsby, an American mom and yoga teacher who lives in Valencia, Spain. It's been edited for length and clarity.
Oct 1, 2024 • 11 min read
In this episode of the Skift India Travel Podcast, Asia Editor Peden Doma Bhutia talks to Mehul Sharma, CEO and founder of Signum Hotels and Resorts, about the demand-supply gap in India’s hospitality market. Sharma goes on to talk about the growing demand for religious tourism in India and what makes religious destinations such a strong investment for hospitality companies.
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October is here and so are these great points and miles deals, and the latest in credit card perks—all of which come in handy for leaf-peeping trips, spooky getaways for Halloween, and last-minute journeys to chase some autumn sun. (Need some ideas? Check out this list of the best places to visit in October to get the travel inspiration going.) And for the aviation geeks: Here’s a rundown of the latest loyalty industry news and perks, so you don’t have to scour the internet to find them. Register for these points and miles deals to boost your account balances, and then start planning where you want to go next. We've got all the best points and miles deals for October, below.
I grew up in New England, and have spent many summers visiting popular destinations like Nantucket, Newport, and York Beach.
The Skift Global Forum brought travel’s most powerful people to New York, where they discussed some of the industry’s most important issues. What stood out from the event?