In Skift's top stories this week, TUI Group's largest shareholder is a prominent supporter of Vladimir Putin, Expedia stops offering travel to and from Russia, and hotels and hostels set aside beds for Ukrainian refugees.
Throughout the week we are posting original stories night and day covering news and travel trends, including on the impact of coronavirus. Every weekend we will offer you a chance to read the most essential stories again in case you missed them earlier.
World’s Largest Tour Operator TUI Has a Russian Oligarch Problem: Does TUI Group really want to be associated with a Russian oligarch who sits on its strategy committee and who is close to and allied with Putin during Russia’s invasion of Ukraine? That sort of publicity could hammer the company’s reputation and its customers won’t take the news well.
Fallout From Marriott and Hilton’s Staggering Layoffs Isn’t Easily Fixed: Major hotel companies are recognizing that trust issues lingering from pandemic furloughs and layoffs play a major part in the industry’s labor shortage crisis.
Russian Oligarch Resigns From TUI Group Board After EU Sanctions: Mordashov’s resignation from the TUI Group supervisory board has to be a tremendous relief to the world’s largest tour operator, which can now in large part get on with its business. However, there is a substantial hangover: With his shares frozen, Mordashov still remains TUI Group’s largest shareholder.
Sabre Ends Distribution of Aeroflot Flights in Travel Tech Retreat From Russia: Sabre has stood apart from its travel tech peer companies by being the first to cease offering flights from Aeroflot. It’s an unusual step as it comes at a cost to the company. The price of doing the right thing.
Expedia Ceases Sales to and From Russia: Expedia Group stepped out of the pack and ceased offering travel to and from Russia because of Putin’s invasion of Ukraine. The company doesn’t have a ton of Russia-related business, so even if the move is more symbolic than anything else, it is an important statement.
Vacation Rentals Now Offering Fractional Ownership as Pure Investments: Fractional ownership isn’t to be confused with the longstanding concept of timeshare. Still, ready for the sales pitch?
Hotels and Hostels Hosting Ukrainian Refugees Create Directory for Open Beds: Hospitality companies provided more than a million beds to emergency and frontline workers during the pandemic. As the legions of refugees fleeing the war in Ukraine grow, they’re back at it with a little tech boost to assist.
TripActions Inherits Swedish Travel Agency to Strengthen Europe Footprint: Buying Germany’s Comtravo last month also meant taking on that agency’s own ongoing acquisitions, including plans to buy Sweden’s Resia. That deal’s now gone through, and TripActions gains a shortcut to Scandinavia.
Travel Companies Distance Themselves From Russia: Major travel brands moved quick in response to show support of Ukraine amid the Russian invasion. But some of these companies still have exposure in an increasingly shut-off Russia.
Ukraine Tourism to the Travel Industry: Scream You’re Against the War: Speak up against the war and stop doing business with Russia as many firms already have. That’s the message that Ivan Liptuga, president of the National Tourism Organization of Ukraine, has for the travel industry.
Free Daily Newsletter
Sign up for the most popular Skift daily download of news, happening, and headlines in the travel world
Photo credit: Alexey Mordashov, who recently resigned from TUI Group's supervisory board, meeting with students in 2013. Despite his resignation, he remains the company's largest shareholder. worldsteel / Flickr