Category: Recent News

A difficult time on the horizon Had the novel coronavirus not occurred, 2019 would have been hailed as another year of stellar growth in the global tourism industry. The strongest growth would have been recorded in the Asia-Pacific region not only a…

In the hotel business we need to be relevant and on top of the key issues that make our venture successful and ultimately sustainable in the long run. This piece is about how we can differentiate between expenses and investments to make sure we reco…

Everyone is well-acquainted with the concept of gift cards, a physical or digital card that allows its owner to spend a set amount of money on goods and services. Just as good as money, the owner receives as much as what was put in. People are suppo…

For travel companies looking at how and when they might emerge from the Covid-19 crisis, scenario planning is a big part of the equation. Many now believe domestic travel will rebound first followed by intra-regional travel, as countries reopen bord…

Airbnb co-founder and CEO Brian Chesky said his company is already adapting to what he believes will be a post-coronavirus era where mass tourism will be on the wane and “travel redistribution” will take hold. Interviewed by Skift founder and CEO Ra…

Dalata sells Clayton Hotel Charlemont, Dublin to Deka German real estate fund Deka Immobilien is acquiring the 187-room Clayton Hotel Charlemont in Dublin, Ireland from owner operator Dalata for €65 million (€348,000 per room). The property, develop…

The coronavirus has decimated the travel industry, and Airbnb, the home rental company that appeared unstoppable not so long ago, has not been spared. While the headlines have focused on the measures it’s taking to stockpile cash to offset its losse…

As if the travel industry needed more confirmation of its crisis, The New York Times travel section will temporarily stop appearing in the Sunday print edition, as first reported by Cheddar. The reason for the pause is obvious: At present, no one ca…

SEATTLE – Barry Diller, Chairman and Senior Executive of Expedia Group (NASDAQ: EXPE) stated, “We have one mandate – to conserve cash, survive, and use this time to reconstruct a stronger enterprise to serve the future of travel. We are unable to ma…

Many nations, companies and individuals were still reeling from the negative effects of the financial crash that began in 2007, when COVID-19 struck affecting many economies, especially those related to the service industries. Tourism and hospitalit…