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RealTime Reservation Acquires STAY to Unify Hotel Ancillary Revenue Tech — Exclusive
Hotels have chased non-room revenue for years without consolidating the fragmented tech underneath. This acquisition puts one shopping cart and one shared data foundation ahead of any new feature.
Europe Leads May’s U.S. Tourism Slide
Western Europe makes up more than 35% of the high-spending overseas tourist crowd. Federal data shows they’re continuing to pull back on U.S. travel.
Rashaad Jorden and Bailey Schulz |
Africa Is Not a Country, But the Travel Industry Keeps Treating It Like One
A localized Ebola outbreak is leading to a continent-wide demand slump. The mechanism is well understood and almost nothing has been done about it.
Tripadvisor To Sell TheFork for $700 Million to Fuel Its Bet on Experiences
The sale gives Tripadvisor the cash to chase the $1 trillion experiences market through Viator.
For Daily Lodging Report Subscribers launch
Yavu Collective Taps Accor for 3 Fiji Resorts
Accor will operate three new hotels in Fiji under its Sofitel, The Sebel, and TRIBE brands. Plus more hotel deal and development news from APAC.
IHG Spent 8 Years Rebuilding Its Hotel Systems. Now It Says the Payoff Is Starting.
IHG CEO Elie Maalouf is telling franchisees that eight years of tech investment has begun to expand their margins. It's an open question whether this early tech advantage will woo more hotel owners, boosting the growth rate of IHG's system.
For Airline Weekly Subscribers launch
The Ultimate IATA AGM Debrief
Airlines always find something to complain about. At last week's IATA annual gathering in Rio, fuel costs weren't the only sore spot — some of the loudest frustrations were aimed at companies making engines and other vital parts. In this week's feature story, we unpack the key AGM themes and biggest talking points, and ask what they mean for the industry's outlook.
Gordon Smith and Jay Shabat |
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Braemar Plans to Trim Ashford Ties and Self-Manage as a REIT
Braemar plans to terminate its advisory agreement with Ashford and create its own REIT management team. Plus, hotel development news.
Alan Woinski and Kim Woinski |
World Cup Host Cities Are Spending Millions to Tell Wary Tourists: You’re Welcome Here
The World Cup handed host cities a global stage. Marketing videos underscore how host cities are using it to reassure a world that has grown more hesitant to book U.S. travel.
Highgate Takes Over Lotte’s New York Palace — How it Feeds the Next Deal
Buying and flipping broken hotels is lumpy and cyclical. Highgate's fees for third-party hotel management are a steady drip that keeps the lights on between the big, risky trades.
Skift Meetings launch
AI Stand-Ins Are Reshaping the Economics of Virtual Events
Not all attendees at virtual meetings are human. AI note-taking bots are proliferating, and although they may assist attendees with note-taking and summaries, they are posing challenges for planners.