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.
In Skift's top travel stories this week, travel industry leaders are outraged about the Congressional impasse over additional relief monies, Skift Research captured the impact of the pandemic in one GIF, hotels are partnering with co-working companies, and various companies are advocating for digital health passports.
Initial test sailings in Italy have boosted the cruise company's confidence. The U.S. will no doubt be watching Carnival's next sailings in Germany with interest.
While cruise companies grapple with another no sail order extension from the U.S., offering up clear communication about heightened health protocols could steer the industry into a better position with regulators.
The travel sector should pledge to never pay ransoms to hackers. But it either can't or won't. So the ransom payments will go on, helping to fund the criminal development of evermore spectacular attacks.
Given the longstanding critique of the cruise industry's business model, some critics were pleasantly surprised when U.S. Congress declined to give federal assistance to the industry back in April. Few noticed when the UK did just that as part of its Covid-19 corporate recovery package.
This isn't the first time Carnival has announced a return to cruising in the last month. What's needed here is specifics on how things will be different (and safer) when ships set sail again.