Terminal BTG Pactual signals a structural power shift in premium travel, as control moves from airlines to independent operators that own the airport experience before passengers ever board.
After years of rapid expansion, the travel industry is beginning to stabilize. While the world faces a period of uncertainty, the global appetite for meaningful experiences and the drive to explore ensures that travel remains a priority heading into 2026.
Prism has Belvilla's presence and the brandscape. Now, all it needs to do is replicate the UK's success in Germany and it's got a scalable international model, too.
Expedia's B2B division is growing nearly five times faster than its consumer brands. That gap buys time for the Vrbo and Hotels.com turnaround — but 2026 will test whether efficiency gains can translate into sustained momentum.
In an era when speed to market is a given, Chesky is arguing that nice and easy does it will win the day. It would be better to say, "We are behind in our AI development, but we are confident that we will get to where we need to be."