2022 Archives

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.

This once resilient group of travelers is unlikely to bounce back anytime soon after all the global sanctions. It's too early to determine the broader impact of the absence of Russian and Ukrainian tourists, but it will be felt — whether through the loss of revenue for seaside resorts or more broadly from a new cloud of uncertainty for travel.

Good morning from Skift. It's Wednesday, March 2, in New York City. Here's what you need to know about the business of travel today.

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.

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.

Booking Holdings is a significantly more profitable company than Airbnb, which recovered from the pandemic faster, and likely has more upside, but that is certainly debatable.

Good morning from Skift. It's Tuesday, March 1, in New York City. Here's what you need to know about the business of travel today.

Bold leadership is what destination marketers need to shake up complacency when it comes to DEI. Maybe, as Skift guest columnist Carol Cain said back in December, it's more about changing who's in the DMO driver's seat?

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.

How will TUI Group respond to the European Union's sanctions against the tour operator's largest shareholder? The issue goes beyond any potential financial fallout and becomes one of corporate responsibility and the integrity of the TUI Group brand.