Articles tagged “inflation”

Travel Agents

The Problem Flight Centre Is Having With Flights

The global tourism recovery is starting, but the Australian travel agency that came to be 40 years ago on airline bookings feels left out, being stuck with carriers reducing their commissions and a population still reluctant to book overseas vacations like they did in 2019.

The Problem Flight Centre Is Having With Flights

Airlines

Ryanair Posts Record Profit Thanks to Pent-up Demand

Even as costs have been soaring, Ryanair has managed to swing back to profit. Clearly, CEO Michael O’Leary was right when he said he has this pandemic mess all worked out.

Ryanair Posts Record Profit Thanks to  Pent-up Demand

Online Travel

MakeMyTrip Rides Travel Rebound Fueled by India’s Growing Middle Class

Having narrowed its net loss in its fiscal second quarter, MakeMyTrip's bet to concentrate on India's hinterlands seems to have paid off as the online travel agency noted that a major part of its new traffic came from smaller cities.

MakeMyTrip Rides Travel Rebound Fueled by India’s Growing Middle Class

Skift Meetings

How to Combat the Rising Cost of Meetings 

Skyrocketing costs are putting unprecedented pressure on meeting and event professionals to stay on budget and still produce successful events. However, there are ways to alleviate the added costs. 

How to Combat the Rising Cost of Meetings 

Travel Booking

Mastercard’s Weak Forecast Overshadows Upbeat 3rd Quarter Boosted by Travel

While credit card companies continue to benefit from the travel rebound, Mastercard's earnings call might be a reality check for industries that rely on discretionary spending.

Mastercard’s Weak Forecast Overshadows Upbeat 3rd Quarter Boosted by Travel

Tourism

Americans Not Deterred by Higher Travel Prices: New Skift Research U.S. Travel Tracker

High season ... what high season? In September, 57 percent of Americans traveled, 10 percentage points higher than last September. The normal fall slump after the summer months did not occur, highlighting how the vacation season is being stretched as demand — and prices — remain high.

Americans Not Deterred by Higher Travel Prices: New Skift Research U.S. Travel Tracker

Hotels

Accor Aims to Combat Inflation With Pricing Power

Europe's biggest hotel group believes it will be able to overcome inflation through strong pricing power as guests are still showing they are willing travel at any cost. So far, so plausible, at least in the short term.

Accor Aims to Combat Inflation With Pricing Power

Business Travel

The Cities With the Highest Costs to Co-Work

A snapshot of how much it costs to go flex reveals few discrepancies in pricing, but some telltale signs of where prices could be about to soar.

The Cities With the Highest Costs to Co-Work

Online Travel

Yatra CEO Says an India IPO Will Help Finance Future Acquisitions

A listing on the Indian bourses for Nasdaq-listed Yatra would also help the online travel agency to partner with companies who may not have been comfortable with an overseas structure.

Yatra CEO Says an India IPO Will Help Finance Future Acquisitions

Hotels

Europe’s Hotels Risk Lights Out in Energy Crisis Spawned by Ukraine War

European natural gas prices are roughly ten times higher than a year ago. Hotel owners may struggle to pass on to guests added costs for heat and lights, given that they've already been charging higher than average rates.

Europe’s Hotels Risk Lights Out in Energy Crisis Spawned by Ukraine War