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Articles tagged “recession”

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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years ago

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

Skift Meetings

Why Warnings of a Recession Should Worry the Events Industry

In wake of the Covid pandemic, the event industry is being challenged by higher costs, supply chain disruptions and labor shortages. A recession may also be up ahead.

2 years ago
Why Warnings of a Recession Should Worry the Events Industry

Coronavirus

Look Back to 2008 for a Glimpse at Travel’s Coming Recovery: New Skift Research

The green shoots of travel's recovery are starting to appear. No two crises are alike, but by studying the last recession, we can glean hard-earned insights into the direction travel will take over the next few months and years.

Seth Borko, Skift Research | 4 years ago

Look Back to 2008 for a Glimpse at Travel’s Coming Recovery: New Skift Research

Tourism

Recession Possible for Tourism-Dependent Singapore Due to Coronavirus: Prime Minister

Coronavirus is looking like it may take an unprecedented hit on the travel industry, and tourism-dependent economies like Singapore's stand to lose the most.

Reuters | 4 years ago

Recession Possible for Tourism-Dependent Singapore Due to Coronavirus: Prime Minister

Tourism

Hong Kong Economy May Be Worst-Hit by Coronavirus Outside China

Hong Kong certainly didn't need more problems after an exceptionally rocky 2019. But in coronavirus it's found just that.

Marius Zaharia and Clare Jim, Reuters | 4 years ago