The major thing new in online travel companies holding onto customer cash and investing it is that interest rates are a lot higher, and they are taking advantage. The rich get richer.
Travelers are largely eager to put concerns about rising Covid cases behind them, a welcome development for Covid-weary companies like Carnival that are bullish on making a full recovery in 2023.
Today’s edition of Skift’s daily podcast looks at Carnival's better earnings, Hong Kong's high cost for business travelers, and Traveloka's cash infusion.
The focus on returning passengers and relaxation of Covid-19 rules have helped the cruise company's recovery. The next step (and more challenging one) is to win over first-time cruise passengers.
Everybody in the cruise business suffered during Covid except CEOs, it seemed. As passengers canceled or got sick, and workers got laid off, executive compensation topped 1,000 times the median worker's pay. Including tips.
That's according to a report in CNBC: in a very interesting move symptomatic of Saudi's super-sized ambitions in the travel sector, Carnival cruises is in early talks to sell its…
Donald has had to deal with the biggest crisis ever to hit the cruise industry, and leaves the company in still-uncharted waters with an uncertain path to recovery.
Old school travel companies still largely dominate in terms of stock market valuation, but there is no denying the disruption sparked by Airbnb’s debut on the stock market.