Latest News

Airbnb Quarterly Revenue Tops $1 Billion for the Second Time

Airbnb Quarterly Revenue Tops $1 Billion for the Second Time

Patrick Whyte, Skift

While $1 billion in revenue is impressive, it's not the first time Airbnb has achieved the number. What matters for homesharing platform is the growth narrative — how does the second quarter of 2019 compare with 2018 etc. For that kind of detail, we're going to have to wait until the IPO.

13 mins ago

Accor Launches New Economy Brand Greet

Accor Launches New Economy Brand Greet

Patrick Whyte, Skift

Greet's nonstandardized approach will help it separate itself from other hotels in the economy segment, but individuality comes at a cost and may mean the rollout takes a little longer than equivalent cookie-cutter brands.

6 hours ago

The Events Industry Is Heading Toward a Digital Turning Point

The Events Industry Is Heading Toward a Digital Turning Point

Isaac Carey, Skift

A widespread tech upgrade is just what the industry needs, and it might be right around the corner.

8 hours ago

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How Airlines Are (Finally) Stepping Up Their Loyalty Programs with Big Data

How Airlines Are (Finally) Stepping Up Their Loyalty Programs with Big Data

SessionM + Skift

Airlines are taking cues from sectors outside the travel industry, including dining, wellness, and retail to better target and engage with their passengers. The key to success is delivering personalized messages through the smarter and secure use of customer data, experts said.

22 hours ago

Blackstone Looks at Buying Water-Park Operator Great Wolf

Blackstone Looks at Buying Water-Park Operator Great Wolf

Kiel Porter and Gillian Tan, Bloomberg

Great Wolf Resorts has had a few private equity owners in its recent history and another one clearly thinks there is more money to squeeze out of the business.

12 hours ago

Sandals Resorts Explores $4.5 Billion Sale in Booming All-Inclusive Market

Sandals Resorts Explores $4.5 Billion Sale in Booming All-Inclusive Market

Patrick Clark and Gillian Tan, Bloomberg

With Marriott recently expanding into the all-inclusive market, the sector is clearly having a moment. What better way to exploit this new attention than by initiating a sales process. Sandals Resorts will be hoping it can secure a high price.

12 hours ago

Booking Holdings Reaffirms Plan to Charge Commissions on Hotel Resort Fees

Booking Holdings Reaffirms Plan to Charge Commissions on Hotel Resort Fees

Sean O'Neill, Skift

Despite criticism and reports of misgivings, Booking Holdings will plow ahead with a groundbreaking policy of charging commissions on resort fees charged by hotels, said CEO and president Glenn Fogel. He said the move is aimed at discouraging hotels from providing bad customer experiences.

13 hours ago

American Airlines Vows to Rebound After Brutal Summer, Says CFO

American Airlines Vows to Rebound After Brutal Summer, Says CFO

Madhu Unnikrishnan, Skift

American Airlines had a tough summer, with labor issues and the grounding of its 24 Boeing 737 Max aircraft. But Chief Financial Officer Derek Kerr said at Skift Global Forum that these two areas are at the top of management's agenda for next year.

14 hours ago

TripAdvisor CEO Welcomes More Pressure on the Travel Industry to Develop Green Practices

TripAdvisor CEO Welcomes More Pressure on the Travel Industry to Develop Green Practices

Dennis Schaal, Skift

When it comes to certain green practices and the refugee crisis, TripAdvisor CEO Steve Kaufer believes corporations and CEOs can't sit on the sidelines and must take a stand. That's an inconvenient truth.

15 hours ago

Australia’s China Travel Slump: A Blip or Something Bigger?

Australia’s China Travel Slump: A Blip or Something Bigger?

Martin Kelly, Skift

After years of phenomenal growth, Chinese inbound tourism has hit the wall in Australia. It’s a pivotal moment for an industry that has enjoyed a golden run over the past decade. The question now is what does the future hold for Australia’s international tourism industry? For now, the answer is far from clear.

15 hours ago

Avis Tackles Urban Congestion By Teaming Up With Ridehailing Rivals

Avis Tackles Urban Congestion By Teaming Up With Ridehailing Rivals

Isaac Carey, Skift

Cities are getting more crowded with vehicles, and people are becoming more reluctant to use cars during business and leisure trips. Smart technology can help.

16 hours ago

Inspirato CEO Predicts Subscription Model Will Spur Followers in Luxury Travel

Inspirato CEO Predicts Subscription Model Will Spur Followers in Luxury Travel

Laura Powell, Skift

Introducing a subscription model to the travel industry could lead to a transformation in the way companies sell their products. On the other hand, it may be a challenge to get travelers to lock themselves into one brand over a period of time — unless, of course, there is an attractive perceived value.

17 hours ago