Articles tagged “forecast”

Global travel declined from June to July, similar to the downward trend we saw this time last year. Hong Kong was the only country with an uptick in Skift's Travel Health Index.

Americas' share of global accommodation revenue witnessed an increase during the pandemic given its very large domestic travel market. The dynamics are expected to change when travel restrictions in China wane, and its large domestic travel market flourishes again.

What if? That's always a question we want our reporters and editors to be asking. In this case, we pushed them to take it even further by conjuring up some silly predictions for the new year. What we are really doing here is preparing you for another year of the unexpected. Get ready, Skift readers.

Airlines need to shift from forecasting models that rely primarily on historical data to ones that analyze real-time demand. That's how Amazon and other e-commerce companies handle pricing. No wonder travel tech players PROS, Amadeus, Sabre, and Flyr spy an opportunity.

Glad this year is finally over? Us too! In its annual outlook, Skift Research looks forward to the big themes and challenges that are in store for the travel industry as it begins the long uphill climb to recovery next year.

One of our goals is to always surprise our readers. So we asked our editors to push the envelope on making predictions for the New Year. They did not disappoint, from Amazon buying Expedia to JetBlue going away. What we are really trying to do here is prepare our readers for more of the unexpected in 2020 — and we'll be there to cover it.

Travel executives, take note. Global growth is more subdued than some of you may have expected. But many travel companies will still enjoy profitable growth this year.

Lately the improbable keeps happening. Exhibit A: Donald Trump. So we've ventured some bold forecasts on everything from cruise ship dining to the acquisition plans of Airbnb, Oyo, Microsoft, and Sabre. Chances are these things won't happen, but our editors thought this mental exercise may help prep readers to expect a surprising 2019.

Carnival will find a way to get out of its rut, but it will take longer to do so if it doesn't acknowledge that it's low fares directly relate to its less-than-stellar safety issues.