With the 2024 Republican presidential ticket of Donald Trump and J.D. Vance solidified last week in Milwaukee, Democrats have a lot of work to do before their convention in less than a month – now without an official candidate or a vice presidential nominee. On Sunday, just after announcing he would be stepping out of
Travel
Short-term rental platforms have not been raising money in 2024 quite as often as last year. But they made a bit of a comeback this week with two niche platforms getting nearly $50 million in funding. One is a growing platform for renting camper vans — interestingly, a much smaller U.S. competitor shut down in
Skift Take As more people in India are seeking upscale living options that blend luxury with convenience, IHCL is leveraging its strong brand and hospitality expertise, to step into this space to meet these evolving demands. Peden Doma Bhutia The Indian Hotels Company Limited (IHCL) is diving into the branded residences market with its first
Skift Take Hyatt sees adding luxury lifestyle hotels like Standard Hotels as creating a virtuous cycle of growth in its loyalty program and pipeline. Sean O’Neill Hyatt is reportedly near to closing a transaction with Standard International, owner of the luxury lifestyle brand The Standard and other brands. What’s behind the potential deal? The Standard
Skift Take Negotiations between American and its flight attendants became so tense that their union told members to be prepared to strike this summer. The tentative deal now makes it unlikely that flight attendants could stage a summer strike. Meghna Maharishi American Airlines struck a tentative deal with its flight attendants union, ending years of
Skift Take Despite facing backlash due to the housing crunch in many cities, Europe’s short-term rental market is booming this summer. Saniya Zanpure Europe’s short-term rental market is booming this summer, defying stricter regulations aimed at curbing its rapid growth. Even with licensing hurdles in many countries, the market in Europe is thriving. The Skift
Skift Take The Expedia-Ryanair hotel partnership earlier this year was an early signal that the two big travel companies were on the precipice of settling long-standing differences. Dennis Schaal Expedia Group and Ryanair settled a long-running dispute, which will culminate in several months with Expedia customers being able to book the airline’s standalone flights and
Skift Take It is the latest in a string of billion-dollar deals for Alabbar, known for creating Emaar in Dubai. Josh Corder One of the most powerful real estate developers in the Gulf is partnering with the Indonesian government to boost its tourism sector. Eagle Hills, chaired by Emirati billionaire Mohamed Alabbar, has agreed to
Skift Take If the deal goes through, Apollo might merge some of The Travel Corporation’s brands, or pair them with other assets the private equity firm owns. Dennis Schaal Expect more private equity deals in the tour operator and travel agency sectors. That was the view of a source familiar with The Travel Corporation’s operations
Skift Take In the Nordics, the hotel sector’s future is brighter thanks to a growing market for office conversions. Sean O’Neill Scandic Hotels Group reported results for the first-half of the year, and the operator of about 280 hotels is now targeting expansion through its Scandic Go brand and conversions of office buildings. The company
Skift Take The ultra-low-cost carrier lowered its revenue outlook for the second quarter, blaming softer ancillary sales. Meghna Maharishi Spirit Airlines is anticipating a bigger quarterly loss in the second quarter, citing lower-than-expected ancillary sales. While Spirit didn’t go into specifics, ancillary fees for perks like checked baggage, carry-ons and seat selection are typically a
Skift Take Apollo Global Management is set to acquire The Travel Corporation’s (TTC) portfolio with an expected closure in Q4 2024, pending regulatory approvals. Jesse Chase-Lubitz Apollo Global Management, an asset management company and private equity firm, and The Travel Corporation (TTC), a private travel company that owns 18 travel brands, announced an agreement for
Skift Take Amadeus is working on several generative AI pilots in partnership with Microsoft. Justin Dawes Amadeus has learned a lot about AI in the past year. The company has been experimenting with how the latest advancements of AI will define the next generation of its services for travel companies. A year ago, Amadeus was focused
Skift Take Viator’s “Regret Less. Do More.” campaign uses data-driven insights and highlights travel planning pitfalls. Jesse Chase-Lubitz Viator unveiled its latest brand campaign with two new video ads on Monday. The online travel agency for travel experiences takes aim at common travel planning disasters and uses a catchphrase theme of “Regret Less. Do More.”
Skift Take By 2024, Asia’s travel and tourism revenue is projected to hit a whopping $326 billion. To cash in on this boom, travel providers need to tackle Asia’s patchwork of payment options. Peden Doma Bhutia Pelago, the travel experiences arm of Singapore Airlines Group, on Monday announced a partnership with Primer, a global payments-infrastructure
Skift Take Indian travelers now seek flexible accommodation options, and the alternative stay industry is racing to keep up with the demand. StayVista claims to bridge the trust gap that has historically plagued the sector. Peden Doma Bhutia The demand for alternative accommodations in India is at an early stage but continues to grow. According
Skift Take If Vrbo’s new host cancellation policy looks familiar, it’s not dissimilar from the one Airbnb imposed a few months ago. Dennis Schaal Vrbo last month reversed a longstanding policy on guest refunds and host cancellations, tipping the benefits toward guests and away from hosts when there are major travel disruptions. Under the new
Skift Take In a break from the strategy of many U.S. airlines, Emirates’ Skywards program is being used to boost loyalty for the airline without a heavy financial focus. Ajay Awtaney and Gordon Smith, Skift Emirates flies almost a million passengers every week, making it one of the world’s largest international airlines. As part of
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