Good morning from Skift. It's Monday, June 13 in Puerto Rico (where the Skift Team is meeting). Here's what you need to know about the business of travel today.
Highgate's name hasn't been associated with luxury and lifestyle until now. But the company, which is the second-largest hotel manager in the U.S., is making some distinctive moves that will likely broaden its footprint among high-end, full-service properties.
Germany's passenger rail operator Deutsche Bahn (DB) will run more long-distance trains this summer than it did before the pandemic in response to strong demand.
Saudi Arabia's latest move to offer financial subsidy to carriers to connect its lesser-known destinations to global cities definitely speaks volumes about its intent to woo 100 million tourists a year by 2030.
The short-term rental manager says the changes will let it turn cash flow positive next year, but it may face a cash squeeze before it gets there. Watch out for the very similar Vacasa, too.
Airlines had been clamoring for the government to drop the pre-departure testing requirement for a long time, since they viewed it as a significant impediment to a complete recovery. Travelers aren't too sad about this development either.
Hotels in the U.S. may be hitting the peak of their pricing power. Owners and managers need to make sure that spiking costs for labor, construction, and supplies don't erode their financial recovery from the pandemic's depths.
A new report from J.P. Morgan analyst Jamie Baker sees the likelihood of a merger between JetBlue Airways and Spirit Airlines improving. The comments come days after JetBlue improved its…