• Skift Daily Travel Briefing

  • By: Skift
  • Podcast

Skift Daily Travel Briefing

By: Skift
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  • Summary

  • Everything you need to know about the business of travel today. Each episode covers new travel stories from Skift's editorial team. Listen to the latest developments at hotels, airlines, destinations, online booking sites, and more. Published Tuesday through Friday by 5am ET. For ongoing coverage, please visit Skift.com/news.
    2024 Skift, Inc. All Rights Reserved
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Business & Careers Politics & Government
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Episodes
  • Rental Supply Showdown, Saudis Seek Chinese Tourists and Sustainability Issues

    Rental Supply Showdown, Saudis Seek Chinese Tourists and Sustainability Issues
    Oct 22 2024
    Episode Notes The growth of U.S. vacation rental and short-term rental supply has been slowing down, a trend that will likely continue next year, reports Senior Hospitality Editor Sean O’Neill. Vacation rental and short-term rental supply in the U.S. has grown 10% in 2024 from last year, according to analytics firm Key Data. However, that’s down from 20% two years ago. Key Data said one factor for the supply deceleration is a shortage of housing. Analysts at Truist Securities said that supply growth may continue to slow as some units become long-term rentals and migrant-focused corporate housing. Next, Saudi Arabia is targeting Chinese travelers as part of its strategy to attract 150 million tourists by 2030, writes Editor-in-Chief Sarah Kopit. Tourism Minister Ahmed Al Khateeb said in an interview with Skift that the kingdom believes it can attract 20-25% of the Chinese tourists who take mid-to-long-haul flights, often to Europe and the Middle East. It’s a “huge market,” he said, with an interest in traveling for culture and heritage. Al Khateeb added Saudi Arabia has been actively promoting itself in China, including organizing a Saudi Travel Festival in Beijing recently. Finally, travelers are largely aware of the importance of sustainability. But there’s a gap between awareness and action, according to a new survey, writes Asia Editor Peden Doma Bhutia. Trip.com’s Sustainable Travel Consumer Report found that 92% of travelers acknowledge the importance of sustainable travel. However, a little less than 57% of respondents said they practice sustainable travel. A major reason for the relative lack of action is general uncertainty about the concept, according to the survey. The divide is more apparent when it comes to paying extra for sustainable travel options, especially when it comes at a time of economic challenge and soaring living costs. Connect with Skift LinkedIn: https://www.linkedin.com/company/skift/ X: https://twitter.com/skift Facebook: https://facebook.com/skiftnews Instagram: https://www.instagram.com/skiftnews/ WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/ Subscribe to @SkiftNews and never miss an update from the travel industry.
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    4 mins
  • Uber + Expedia, Japan's Record and Cathay's New Suite

    Uber + Expedia, Japan's Record and Cathay's New Suite
    Oct 18 2024
    Episode Notes Uber has explored buying the Expedia Group, according to a report this week in the Financial Times. It’s all speculation at this point, but the deal, if it were to happen, would bring about the biggest shakeup the travel industry has seen in years. Travel Technology Reporter Justin Dawes answers 10 questions about it. Dawes notes there are currently no active discussions between the two companies. But an acquisition would bring Uber closer to becoming a superapp, a single app with multiple services, including transport, social media and food delivery. However, Dawes adds there would be many roadblocks standing in the way of any deal between Uber and Expedia. Even if it was just a trial balloon, the news raises other possibilities: Expedia, a big brand with a depressed stock price, could attract other potential acquirers or activist investors. Next, foreign visitor spending in Japan in the first nine months of 2024 topped the full-year record set last year, writes Asia Editor Peden Doma Bhutia. International tourists spent roughly $39 billion between January and September, according to the Japan Tourism Agency. That amount is $4 billion more than the previous full-year record. Japan welcomed close to 27 million foreign visitors during the first three quarters of the year. Finally, Cathay Pacific recently unveiled the Aria Suite, its new business class cabin. Airlines Editor Gordon Smith provides information about arguably the industry’s most anticipated new business class product. Smith writes the Aria Suite isn’t exactly a game changer but it’s a solid product that hits all the right notes. It features a sliding privacy door, wireless charging and a 24-inch monitor. Vivian Lo, Cathay Pacific’s head of customer experience and design, said the new-age tech in the suite is almost invisible on purpose. Lo added the airline was looking to create “a cocoon oasis of personal space.” The first Aria-equipped jet will enter passenger service on Friday between Hong Kong and Beijing. For more travel stories and deep dives into the latest trends, head to skift.com. Connect with Skift LinkedIn: https://www.linkedin.com/company/skift/ X: https://twitter.com/skift Facebook: https://facebook.com/skiftnews Instagram: https://www.instagram.com/skiftnews/ WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/ Subscribe to @SkiftNews and never miss an update from the travel industry.
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    3 mins
  • Hotels' Optimism, Airbnb's Matchmaking and United's Earnings

    Hotels' Optimism, Airbnb's Matchmaking and United's Earnings
    Oct 17 2024
    Episode Notes Hotel executives gathered at The Lodging Conference recently to discuss emerging trends in the industry. Senior Hospitality Editor Sean O’Neill listed five key takeaways from the event as executives look forward to 2025. O’Neill notes hotel leaders are cautiously optimistic about the economic outlook for next year. Executives generally believe that the Fed’s recent interest rate cut will boost enthusiasm for U.S. hotel development in 2025. Luxury hotels will likely see a boom in guests as global wealth is projected to increase by about a third by 2027. However, O’Neill writes attracting and retaining talented workers still remains a challenge in the hotel industry. Next, Airbnb has officially launched an expanded co-host network designed to make it easier for hosts to manage their properties, reports Executive Editor Dennis Schaal. Co-hosts would be able to manage lists, respond to reservation inquiries and message guests under the program. Airbnb has piloted an online service for several years where hosts can find and hire co-hosts. But Schaal notes it’s the first time the service is available in the Airbnb app and on its website. Airbnb Chief Business Officer Dave Stephenson said he believes the co-hosting feature will help increase Airbnb’s listings from both new hosts and existing ones. Finally, Airlines Reporter Meghna Maharishi provides four takeaways from United Airlines’ better-than-expected third quarter earnings report. United received a substantial boost from business travel’s rebound as the company’s corporate revenues for the company were up 13% compared to last year. However, despite bringing back its Los Angeles-Shanghai route, United isn’t expecting to substantially increase bookings for flights to China. Chief Commercial Officer Andrew Nocella acknowledged demand for China has changed coming out of the pandemic. CEO Scott Kirby said he was optimistic planemaker Boeing could overcome its many issues, which include laying off 10% of its staff. In addition, United said it expects travel to slow during the weeks surrounding Election Day. For more travel stories and deep dives into the latest trends, head to skift.com. Connect with Skift LinkedIn: https://www.linkedin.com/company/skift/ X: https://twitter.com/skift Facebook: https://facebook.com/skiftnews Instagram: https://www.instagram.com/skiftnews/ WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/ Subscribe to @SkiftNews and never miss an update from the travel industry.
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    3 mins

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