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Tourists May Soon Get to Walk Across North And South Korean Border

Tourists May Soon Get to Walk Across North And South Korean Border

Jihye Lee, Bloomberg

This would be one of the most significant steps that both North and South Korea have taken to open up tourism. But allowing border crossings is anything but a done deal at this point given the rocky relations between both countries.

3 hours ago

Lufthansa Group May Sell Its Catering Arm as In-Flight Food Demand Dwindles

Lufthansa Group May Sell Its Catering Arm as In-Flight Food Demand Dwindles

Aaron Kirchfeld, Joyce Koh, Manuel Baigorri and Richard Weiss , Bloomberg

Lufthansa owns more ancillary businesses than most airlines, and generally that works out OK. But airline catering is not a growth industry, so maybe it's time for the company to get out of the business.

4 hours ago

Natural Disasters in Japan Led to First Tourism Drop Since 2013

Natural Disasters in Japan Led to First Tourism Drop Since 2013

Jeff Sutherland, Bloomberg

With the Japanese government determined to rapidly grow tourism ahead of the fast-approaching 2020 Tokyo Olympics, we can be sure officials are doing what they can to make sure visitor numbers don't continue to tumble.

4 hours ago

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Skift Webcast: Reimagining Extended Stay — The Bold New World of 5+ Nights

Skift Webcast: Reimagining Extended Stay — The Bold New World of 5+ Nights

BridgeStreet + Skift

How is the extended stay sector evolving to meet demands from employees for accommodations offering more flexibility, convenience, and choice? And how will they do it while satisfying company concerns about consistency, quality, and safety? Our new webcast session shines a light on this rapidly evolving business travel segment.

10 hours ago

Golden Nugget Seeks Merger With Gaming Giant Caesars

Golden Nugget Seeks Merger With Gaming Giant Caesars

Christopher Palmeri, Bloomberg

In the already competitive gaming industry, acquiring more scale will help both Golden Nugget and Caesars compete better. Just don't bet on this being the last merger or acquisition we'll see in the sector going forward.

7 hours ago

Disney Is Spending $20 Million to Keep Florida Gambling in Check

Disney Is Spending $20 Million to Keep Florida Gambling in Check

Jonathan Levin, Bloomberg

Gambling companies have long wanted to expand in Florida. Disney, a major force in the state's economy, has been opposed. In the battle of the ballot measure this November, our money is on the mouse.

7 hours ago

Premier Inn Owner Whitbread Under Pressure From Short Sellers

Premier Inn Owner Whitbread Under Pressure From Short Sellers

Lisa Pham, Bloomberg

With the sale of Costa Coffee to Coca-Cola moving ahead, the focus shifts to Whitbread's Premier Inn brand. Investors will want to know exactly what it plans to do with the $4.4 billion the disposal will raise.

8 hours ago

Tented Camps Attract Luxury Travelers Seeking Novel Experiences

Tented Camps Attract Luxury Travelers Seeking Novel Experiences

Nikki Ekstein, Bloomberg

Even though the glamping concept has made a comeback, let's just hope the actual term "glamping" doesn't.

9 hours ago

Flybe Is the Latest Airline Struggling With Rising Fuel Costs

Flybe Is the Latest Airline Struggling With Rising Fuel Costs

Christopher Jasper, Bloomberg

Oh dear. Another Flybe profit warning. The same thing happened last October. It's easy for airlines to blame external pressures but much harder for them to admit to—and fix—internal problems.

12 hours ago

New Skift Research Weighs Regulations on Airbnb Versus Overall Economic Benefits

New Skift Research Weighs Regulations on Airbnb Versus Overall Economic Benefits

Rebecca Stone, Skift

The regulatory environment for Airbnb is becoming increasingly more restrictive, but completely wiping out Airbnb as an alternative for travel accommodations via regulation won't necessarily be beneficial from an economic standpoint.

19 hours ago

Travel Trade Group Fights Back

Travel Trade Group Fights Back

Patrick Whyte, Skift

Travel agents (or advisors) were supposed to go the way of the fax machine. But in the internet era, they've managed to find ways to fight back.

20 hours ago

Expedia’s Barry Diller Calls on Google to Be Regulated

Expedia’s Barry Diller Calls on Google to Be Regulated

Sean O'Neill, Skift

Diller is one of the godfathers of online travel and Expedia is probably among the top two travel advertisers in Google. Whether his comments will lead to lobbying or business practice changes, is today's multibillion dollar question.

1 day ago