Airbed & Breakfast anyone? The rental sector have come a long way over the past decades. We recognize the 250 most prominent companies that shape the short-term rental industry today.
Today's edition of Skift's daily podcast looks closer at Chinese tourists in the Middle East, reinvention in ground transport, and Hopper's rise as a mobile OTA.
Hopper is the new kid on the block. Except it's not. Founded in 2007, it spent a decade building a huge database of flight information before selling its first flight booking in 2016. The time it spent on its cutting edge price prediction capabilities have paid dividends, leading to the launch of a suite of fintech products which have been fundamental in Hopper's disruption of the legacy OTAs.
Business travel spending faces an uphill battle: Stringent corporate policies and a growing preference for video conferencing diminish prospects for reaching 2019 levels.
For the first time since January 2020, the Skift Travel Health Index has topped 100, a sign that global tourism is now performing better than it did before the pandemic. Every region in our index showed growth over the last month.
The U.S. airline industry is roaring again and gunning for record profitability in the coming summer on the back of strong results delivered in 2022. However, dynamic passenger demand and macroeconomic conditions could dampen this growth.