Luxury travel subscription service Inspirato announced on Wednesday that it's laying off 12 percent of its workforce amid its struggles with lower-than-expected occupancy and disappointing sales.
A bunch of companies that pledge to break even or better on an adjusted EBITDA basis this year will actually be in the red using more standard financial measures. These financial makeovers are very much in vogue.
Skift Research is cautiously optimistic about travel's continued recovery in 2023, despite a growing likelihood of a recession in many countries. Travel is still under-indexed compared to the broader economy, and the reopening of Chinese borders provides a strong boost.
Banff is cracking down on its "too-many-cars" problem. A 10-year plan identified core community values and strategies to inform a future vision for better stewardship. Another national park listens to its community. See where these new trails will lead.
Entrepreneur Richard Branson and Virgin Group announced a reorganization of their hotel brands on Thursday. Virgin Group, which owns a half-dozen luxury Virgin Hotels, will take control of Branson's private…
The travel industry still has critical issues to tackle on its quest to boost tourism numbers coming outside out of the pandemic. Watch global tourism reporter Dawit Habtemariam explain in this Skift Megatrends video what those challenges are.
Today’s edition of Skift’s daily podcast looks at what United’s CEO thinks about the state of the industry, car rental companies’ very good year, and a new booking site for cruisers.