Qatar Airways Posts $4.1 Billion Annual Loss
Qatar Airways Group on Monday reported a doubling of annual losses to $4.1 billion, hit by the Covid-19 collapse in long-haul travel and aircraft impairment charges. The state-owned group, which includes the airline and other aviation assets, said it booked a one-off impairment of $2.24 billion on its fleet 10 Airbus A380s and 16 A330s […]
28/09/2021 00:19:08
12 Can’t-Miss Quotes From Skift Global Forum
Skift Global Forum last week generated hours of insightful conversations about where travel is heading after an unspeakable 18 months of despair. The in-person and online event was not without its memorable sound bytes. We’ve compiled some of those for you here. “I get a lot of ‘How do you feel about all this?’ questions. […]
27/09/2021 23:30:08
What the Travel Industry Can Learn From My Autistic Sister Adia
My 36-year-old younger sister Adia loves going on vacation during the summer with my mother, Nedina Jorden. There’s seemingly nothing out of the ordinary about that, but they’re part of an underrepresented and often unrecognized group: families traveling with autistic children. Although travelers with special needs took on average 32 million trips annually prior to […]
27/09/2021 23:00:47
Top Travel Booking Apps: Look Who’s Winning the U.S. Now
Hopper appears to be going viral. In July, about 1.3 million U.S. consumers downloaded the mobile app for booking travel, giving the Montreal-based online travel agency a broader audience and a goldmine of user data. Hopper had the most popular travel booking app in the first half of 2021 as measured by U.S. downloads in […]
27/09/2021 22:00:56
Pandemic Twist Emerges on Bookings for Hotels in Tussle With Online Resellers
Several hotel groups have tried to lower costs for roughly a decade by driving more consumers to book directly. During the pandemic recovery, hoteliers have by and large continued to avoid overusing aggregators such as Expedia and Booking.com for much of their online sales. “It’s personally been great to see the hotel industry overall not […]
27/09/2021 12:30:02
Air Canada Will Match Perks of U.S. Frequent Flyers to Boost Tourism
Canada is trying to use the lure of travel perks to convince America’s frequent flying elite to fly north on Air Canada, as the country steps up efforts to revive crucial traffic from the U.S., a Canadian official told Reuters. Covid-19 has battered travel from Canada’s largest tourism market. During the first half of 2021, […]
27/09/2021 08:50:57
Blackstone Claims Most Profitable Asset Sale With $5.6 Billion Cosmopolitan Deal
Investment group Blackstone notched a massive windfall on a casino resort in the heart of the Las Vegas Strip. Blackstone inked a deal to sell its Cosmopolitan of Las Vegas resort for $5.65 billion, a roughly 3,000-room property the company bought in 2014 for $1.7 billion. The company has since spent $500 million in upgrading […]
27/09/2021 05:45:42
A Contrarian Investment for Luxury: The Humble Doorman
Covid protocols have been predicated on creating space and reducing contact between guests and staff. Luxury hospitality has used a fine-toothed comb to re-evaluate every element of the experience, optimizing for safety with staff behind glass, contactless screens, and other facets. The human-to-human element has most certainly been reduced. But as Covid continues and guests […]
27/09/2021 05:00:28
Blackstone’s $305 Million Hotel Grab Shines Light on Acquisition Climate
There’s plenty of deal making happening in the hotel industry, but the major brands aren’t generating the activity. Blackstone announced late last week plans to acquire Condor Hospitality Trust’s entire real estate portfolio for $305 million, or roughly $160,000 per room. The deal — which encompasses 15 limited-service hotels across brands like Residence Inn and […]
26/09/2021 23:30:52
Cuba Starts Staggered Reopening Ahead of Tourist High Season
Cuba is allowing a staggered opening from Friday of restaurants, shopping centres and beaches in provinces that have lowered coronavirus cases even as it battles some of the highest nationwide rates of infection per capita worldwide. The easing of lockdown restrictions coincides with preparations by the cash-strapped Caribbean island nation for its tourist high season, […]
26/09/2021 04:00:56
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