Travel's Reopening and Coronavirus Recovery

Despite inflation being a significant concern for many Americans, the pent-up demand for travel is so strong that rising prices aren't deterring travelers from getting back on the road.

In a quiet week for travel tech fundraising, highlights include a 3 million pound crowdfunding for a service that lets consumers rent a yacht to feel like, well, a yacht owner. Slowing venture capital returns may be a caution flag for deals later this year.

With China’s ongoing Covid crackdowns halting its almost-there recovery, the accommodation sectors of other APAC countries are expected to gain market share in 2022.

At the big hotel-technology gathering, all roads still lead to Covid. Hoteliers have an even bigger staffing problem than many realize, booking data points to wary consumers, and the most-desired technologies are those that let us go back out into the world without engaging the people in it much.

If Kyrgyzstan wants to develop tourism, it should look to harness its abundant natural resources. The creation of a mammoth "eco -city" in an environmentally vulnerable area may not be the best boost for the country’s tourism potential.

Good morning from Skift. It's Tuesday, June 28 in New York City. Here's what you need to know about the business of travel today.

Airline operations are in shambles this summer. What happened?

Backed by significant travel demand, Booking.com is confident about travel returning to Asian destinations. However, China's quarantine and Japan's reopening trepidations stand in the way of a full recovery.

Barcelona is trying to avoid limiting the growth of its tourism industry, yet again, balancing an economic reboot and residents’ needs. Failure might turn it into fresh territory for moving ahead with stricter policies as it looks to put its overtourism past behind it.

A London startup is betting that travelers will take mystery vacations, learning their destinations at the airport. A Czech travel agency raises $100 million for expansion. And other venture capital and funding news this week.