Articles tagged “recession”

Tourism

A Third of Americans Plans to Cut Back on Travel Spending This Year: New Skift Research U.S. Travel Tracker

An increasing number of Americans have started to feel the pinch of increasing travel prices. Thirty-four percent of Americans, 10 percentage points higher than last October, plan to decrease their spending on travel in the next 12 months.

Varsha Arora, Skift Research | 4 days ago

A Third of Americans Plans to Cut Back on Travel Spending This Year: New Skift Research U.S. Travel Tracker

Coronavirus

2022 Fizzles Out, Optimism for 2023: New Skift Travel Health Index

Skift Research is cautiously optimistic about travel's continued recovery in 2023, despite a growing likelihood of a recession in many countries. Travel is still under-indexed compared to the broader economy, and the reopening of Chinese borders provides a strong boost.

Wouter Geerts | 1 week ago

2022 Fizzles Out, Optimism for 2023: New Skift Travel Health Index

Tourism

The Global Travel Outlook for a Redistributed World

Get the lowdown on the broader economic trends affecting travel in 2023, thanks to data and analysis from Skift Research. Watch this Skift Megatrends video to stay ahead of the game.

Matthew Parsons | 2 weeks ago

The Global Travel Outlook for a Redistributed World

Tourism

Travel in 2022 Explained in 11 Charts

The year 2022 has been a contrast between massive pent-up demand and revenge travel on the one hand, and worries about rising prices, growing inflation, and a possible recession on the other.

Wouter Geerts | 1 month ago

Travel in 2022 Explained in 11 Charts

News Blog

3 Questions That Need Answering at This Year’s Global Business Travel Association Convention

This is the main event. Of course the Global Business Travel Association has held previous conferences in San Diego before at the city's waterfront convention center — but never after such a drawn-out downturn. The association did manage to squeeze its annual convention in last year, in Chicago, but mostly minus the European contingent who…

Matthew Parsons | 6 months ago

Business Travel

Taiwan Tensions Could Drive Up Travel Costs Significantly, CWT Warns

Geopolitical uncertainties are singled out in the latest Global Business Travel Forecast, which underscores the volatility the corporate travel industry is experiencing, and perhaps the pointlessness of trying to predict prices in the first place.

Matthew Parsons | 6 months ago

Taiwan Tensions Could Drive Up Travel Costs Significantly, CWT Warns

Tourism

Mastercard Warns Inflation May Soon Slow the Travel Spending Bonanza

The payment network saw cross-border volumes jump 58 percent in its second quarter, but don't expect the spending surge to carry on.

Niket Nishant, Reuters | 6 months ago

Mastercard Warns Inflation May Soon Slow the Travel Spending Bonanza

Hotels

Wyndham Hotels Emphasizes Boosting Rates Instead of Occupancy

Hoteliers used to obsess about putting "heads in beds." But Wyndham instead focuses on charging the highest hotel prices possible, or what we call a focus on "rates and dates." So far, in 2022, Wyndham's approach has paid off.

Sean O'Neill | 6 months ago

Wyndham Hotels Emphasizes Boosting Rates Instead of Occupancy

Skift Originals

In These Surreal Times, Should Travel Push for Growth or Push on Brakes?

How do we navigate these strange recessionary times, even as we are overwhelmed with demand for a blockbuster year so far and a summer travel crush coming?

Rafat Ali | 8 months ago

In These Surreal Times, Should Travel Push for Growth or Push on Brakes?

Online Travel

Airbnb CEO: I Don’t See a Travel Recession Coming and We Won’t Freeze Hiring

Famous last words? Well, for travel industry’s sake coming from this brutal period, we hope not!

Rafat Ali | 9 months ago

Airbnb CEO: I Don’t See a Travel Recession Coming and We Won’t Freeze Hiring