In Skift's top stories this week, how much were major U.S. airline CEOs paid in 2021 is revealed, events executives explain how labor shortages are hitting their industry hard, and travel disruptions in the United Kingdom are threatening the country's economic recovery.
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.
The Highest Paid U.S. Airline CEOs: It’s little surprise that the CEO of most America’s most financially sound big airline, Ed Bastian of Delta, was also the highest paid. But how does he stack up to his peers?
8 Takeaways From Skift’s First Retreat as a Fully Dispersed Company: Skift gathered its worldwide team together for a retreat in Puerto Rico and discovered that traveling in a post-pandemic world can be challenging.
Accor in Talks to Sell $195 Million Stake in Ennismore to Qatari Consortium: Investors in the Middle East and Gulf states have a chance to become kingmakers in the hotel sector over the next year, as booming oil prices can help bankroll investments in the fast-recovering hospitality sector.
Puerto Rico’s Recovery Offers These Lessons for Global Tourism: Puerto Rico tourism, bolstered by Airbnb when hotels were shut, has had a noteworthy comeback. But if travel and living have blended, then the island’s fiscal and political woes can’t be overlooked.
Horror Stories From Labor Shortages Affecting Events: Labor shortages are impacting events in multiple and sometimes completely unforeseen ways. Four event experts candidly share their horror stories. Treat these as warnings for those hosting events in the weeks and months ahead.
The UK’s Unique Brand of Travel Chaos Is Upending Recovery Efforts: With offices vacant again due to a crippling week-long rail strike, and airports under pressure, travel is suffering a setback, particularly business travel. In public relations terms, the UK should be in crisis management mode.
When Will Big Hotels Brands Go All In on Alternative Accommodations?: Most hotel parent companies, such as IHG, Hyatt, and Hilton, haven’t created brands in alternative accommodations. But a report coming this week from real estate services company JLL will spotlight some billion-dollar reasons why that will change.
Do Travel Agents Matter in Online Travel? Expedia Thinks So: Expedia is trying to press its advantage in business-to-business programs. It’s ahead of Booking Holdings in this area, and Airbnb doesn’t have one.
Meeting the High Expectations of the Gen Z Traveler: New Report: When predicting current and future trends, everyone in the travel industry has their eyes on Gen Z travelers, and, boy, are they demanding.
Majority Stake in The Student Hotel Chain to Be Sold to Singapore, Dutch Funds: Singaporean fund GIC and Dutch pension manager APG are placing a bet on hybrid hospitality with this deal. While private student housing is an old model, The Student Hotel cleverly optimizes how it sells its space to students, travelers, and professionals needing co-working space, depending on shifting demand.
Photo credit: Delta Air Lines' Ed Bastian was the highest paid U.S. airline CEO in 2021.