Sinopsis
Your daily insight into the business of travel from the industrys most trusted authority.
Episodios
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AI-Powered Travel Updates Will Make Translation Easier
14/05/2024 Duración: 03minEpisode Notes Travelers could have easy access to a robotic voice translator thanks to updates to ChatGPT. An OpenAI presentation explained how ChatGPT could serve as a human speech translator, the most significant travel-related feature in several updates unveiled on Monday, writes Travel Technology Reporter Justin Dawes. Dawes reports the upgraded translation capabilities are part of the new flagship GPT-4o model for ChatGPT. OpenAI said the new model is better at interacting with voice, photo and video than the previous model. The company said that a user, for example, could take a photo of a menu and ask ChatGPT to translate it. Next, several major airlines are suing the Biden administration over its new rule requiring carriers to disclose all fees associated with buying a ticket, writes Airlines Reporter Meghna Maharishi. Several carriers, including American, Delta, and United joined the suit along with Airlines for America, the trade group representing prominent U.S. airlines. The group said the new
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Airlines' Frequent Flyer Programs Face Scrutiny
10/05/2024 Duración: 02minEpisode Notes The U.S. government is investigating whether airlines have devalued frequent flyer miles, which would make booking reward tickets more difficult for customers, writes Airlines Reporter Meghna Maharishi. Consumer Financial Protection Bureau Rohit Chopra said at a hearing his agency has found some evidence of airlines and credit card companies devaluing points and miles. Chopra added the bureau found that airlines have sold inflated points to consumers while credit card issuers receive those same points at a lower price. The Department of Transportation announced last December it would investigate. Another issue is whether loyalty programs of the biggest U.S. airlines have grown so big that smaller carriers can’t compete. Buttigieg acknowledged that would represent a competition concern. Transportation Secretary Pete Buttigieg said the agency had not reached any conclusions. Next, Hyatt received a boost from a surge in business travel as well as its loyalty program and all-inclusive resorts, r
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Airbnb's Ready to Accelerate International Expansion
09/05/2024 Duración: 02minEpisode Notes Airbnb is ramping up its plans for international expansion. The short-term rental giant is looking to grow significantly beyond its five biggest markets, writes Executive Editor Dennis Schaal. CEO Brian Chesky said during its first-quarter earnings call that Airbnb is ready to step on the gas regarding international expansion. He cited Mexico, Brazil, China and Japan, among other countries, as markets the company is focusing on. Chesky said Airbnb recently updated its app in China, and the company is making similar improvements in Japan and South Korea. Next, Tripadvisor executives said the company doesn’t have any plans for a sale at the moment despite having previously explored the possibility, writes Executive Editor Schaal. Tripadvisor made the announcement during its recent first-quarter earnings call. The company had formed a special committee to review potential deals after controlling shareholder Liberty Tripadvisor revealed in February it was exploring a potential sale. Skift report
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World Cup Tickets: Corporations Are Beating the Fans
08/05/2024 Duración: 03minEpisode Notes The 2026 World Cup, which will be co-hosted by the U.S., Canada, and Mexico, is shaping up to be a very corporate event. Several travel executives believe a lot of visitors for the tournament will be business travelers, writes Global Tourism Reporter Dawit Habtemariam. Lena Ross, chairwoman of the International Inbound Travel Association, said at the IPW travel trade show that big corporations would buy up ticket blocks and give them to clients. In addition, Oswaldo Freitas, CEO of tour operator Easy Time Travel, expressed concern that hospitality packages would be too expensive for fans looking to attend the World Cup. That’s okay for tour operators specialized in serving corporate groups. But some tour operators may experience financial pressure during the World Cup as their costs increase and profits drop for non-sports tours and packages. Next, Disney executives say they’re seeing strong attendance at the company’s theme parks but visitor numbers are slowing down after recent highs, writes T
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U.S. Tourism CEOs Get Paid
07/05/2024 Duración: 03minEpisode Notes Skift has unveiled its list of the U.S.’s highest-paid tourism marketing CEOs. Visit California CEO Caroline Beteta took the top spot, writes Global Tourism Reporter Dawit Habtemariam. Beteta collected more than $1.5 million in compensation during the 2022 fiscal year. Former San Francisco Travel Association CEO Joseph D’ Alessandro came in second at just under $965,000. Skift used the 2022 fiscal year because it contains the most recent comprehensive up-to-date records. Habtemariam notes Skift focused on CEOs from the top 20 cities and major tourism states with large, non-profit destination marketing organizations. Pay packages of CEOs of Brand USA and Destinations International were also included in Skift’s list. Next, Spirit Airlines CEO Ted Christie blasted the current state of the airline industry, describing it as a “rigged game,” writes Airlines Reporter Meghna Maharishi. Christie said during the company’s first-quarter earnings call that smaller non-legacy carriers like Spirit are s
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Expedia and Booking's First-Quarter Reports
03/05/2024 Duración: 03minEpisode Notes Expedia Group has trimmed its 2024 outlook for growth due to its vacation rental brand Vrbo’s slower-than-expected recovery, reports Senior Hospitality Editor Sean O’Neill. O’Neill reports Expedia Group’s first-quarter profit margins were mostly in line with last year. But the company acknowledged that the struggles of Vrbo and Hotels.com drove it to lower its full-year guidance. A tech migration that brought together all of Expedia Group’s major brands hasn’t yet paid off. In addition, incoming CEO Ariane Gorin said changes to Hotels.com’s loyalty program contributed to the brand’s sluggish performance. Next, one of Booking Holdings’ big goals is selling “connected trips,” where travelers book, for example, a flight, accommodation and attraction. Booking Holdings executives say they’ve seen modest growth in these “connected transactions,” reports Executive Editor Dennis Schaal. CEO Glenn Fogel said during its first-quarter earnings call that those connected transactions rose over 50% from l
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Airbnb CEO Reveals Its Big Plans
02/05/2024 Duración: 03minEpisode Notes Airbnb is looking to make waves with the launch of nearly a dozen experience-based homes the company is calling “Icons.” CEO Brian Chesky discussed the new product, as well as AI, loyalty programs and other subjects in a wide-ranging interview with Skift Editor-in-Chief Sarah Kopit. Chesky described Icons as a “gateway” into the experiences category, which Airbnb has been eager to break into. He acknowledged Icons won’t be a classic revenue generator for Airbnb as the houses will either be free or low cost to guests. In addition, Chesky said Airbnb is working on implementing AI-powered customer service. As for a loyalty program, Chesky said the company plans to start one. He’s adamant that it won’t be a points program, but said he’s open to other formats, including paid membership like Amazon Prime. Next, Marriott believes post-pandemic domestic travel demand in the U.S. is leveling out despite a global boom, reports Senior Hospitality Editor Sean O’Neill. Marriott CEO Anthony Capuano said d
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Chinese Tourism to the U.S. Makes Slow Progress
01/05/2024 Duración: 03minEpisode Notes The U.S. travel industry will likely see a full recovery in Chinese and Japanese tourism by 2026 — a year earlier than expected, writes Global Tourism Reporter Dawit Habtemariam. The latest report from the U.S. National and Travel Tourism Office projects that international travel to the U.S. will fully recover in 2025. However, the office expects China and Japan to be behind the U.S.’ other source markets. An executive at the organization cited China’s weak economy and flight restrictions as barriers to a full rebound in Chinese visitors. In addition, soaring airfares have deterred some Japanese travelers from visiting the U.S. Next, many travelers might be unaware of Volotea, but the Barcelona-based airline is holding its own in Europe’s very competitive low-cost carrier market. Volotea CEO Carlos Muñoz explained how it’s achieved success in an interview with Airlines Editor Gordon Smith. Muñoz said Volotea is the only low-cost airline dedicated to second- and third-tier cities, adding the co
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China’s New Plane Wins Could Signal More Competition for Airbus and Boeing
30/04/2024 Duración: 03minEpisode Notes One of China’s largest airlines, China Southern, is buying 100 domestically-built planes – the C919, produced by the state-owned Commercial Aircraft Corporation of China (COMAC). The plane is considered an emerging competitor to Airbus’ A320 and the Boeing 737. And Airlines Editor Gordon Smith examines if other airlines will look to buy these Chinese-built aircraft. Just last week, Air China signed a similar agreement with COMAC for 100 C919 jets. The bigger question is if international carriers will be tempted to buy. Christian Scherer, the CEO of Airbus’ commercial aircraft division, has said the C919 “isn’t going to rock the boat.” However, one Boeing executive said the planemaker is factoring in competition from the C919 in its long-term forecast. Next, TUI CEO Sebastian Ebel believes recent protests in the Canary Islands against mass tourism aren’t about the industry itself. He says residents are angry about a shortage of housing, writes Travel Experiences Reporter Jesse Chase-Lubitz. Pr
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Royal Caribbean Is Getting Younger
26/04/2024 Duración: 02minEpisode Notes India’s largest airline IndiGo has taken a step in its quest to make a mark globally. IndiGo has ordered a large number of widebody aircraft that will enable it to operate more international flights, reports Contributor Ajay Awtaney. IndiGo announced the order of 30 A350-900 jets on Thursday. The company has also retained the purchase rights for another 70 aircraft. Awtaney notes IndiGo expects to start incorporating the aircraft into its fleet from 2027 onwards, adding the airline has been conducting internal assessments on the best choice for its growth strategy. Next, Wyndham is looking to adopt a two-part strategy after fending off Choice Hotels’ hostile takeover attempt, reports Senior Hospitality Editor Sean O’Neill. Wyndham executives said they want to maintain their hotel group’s strength in the economy sector while adding more premium properties that generate higher franchise fees. Wyndham is investing more of its money to help developers finance deals to create hotels. Wyndham gene
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What Scraping 20,000 Google Hotel Listings Taught Us
25/04/2024 Duración: 03minSkift Research recently examined more than 20,000 hotel listings on Google to discover which online travel agencies and direct sites compete for bookings. Senior Research Analyst Pranavi Agarwal explains the major findings from Skift Research’s report. Agarwal notes that Booking.com is the dominant brand across Google’s sponsored results, paying to appear the most often in every region. However, Skift Research found Expedia.com is investing heavily in ad dollars to be the top-of-the list option in Google’s sponsored results, especially in Asia-Pacific and the Middle East and Africa. In addition, Agarwal reports Google actively prioritizes direct sites over OTAs even though they are far from being the cheapest price. Next, the Biden administration has unveiled a set of rules that would require airlines to tackle junk fees, writes Airlines Reporter Meghna Maharishi. Maharishi reports the Department of Transportation is requiring airlines to disclose junk fees upfront. Airlines and ticketing agencies would
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Atlanta's Michelin Guide Deal Translates to Tourism Dollars
24/04/2024 Duración: 03minEpisode Notes Atlanta recently reached a three-year, $1 million deal with the Michelin Guide. Discover Atlanta CEO William Pate discussed that topic and more in an interview with Global Tourism Reporter Dawit Habtemariam. Pate said having Atlanta’s restaurants appear in the Michelin Guide has boosted the city’s culinary scene. He noted restaurants that have already been selected for the guide have seen a 30% increase in business. Atlanta is the seventh U.S. city to be selected for the Michelin Guide. Pate also touched on Atlanta’s preparations for the 2026 World Cup, during which the city will host eight matches. He said Atlanta could be a home base for World Cup fans since its airport has nonstop flights to every other host city. Next, while the airline industry is seeing a surge in travel demand, JetBlue Airways is struggling. The carrier posted a first-quarter loss, writes Airlines Reporter Meghna Maharishi. JetBlue reported a $716 million loss, which Maharishi notes was partly caused by the large fees
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Climate Change Comes for the Great Barrier Reef
23/04/2024 Duración: 03minEpisode Notes The Great Barrier Reef is currently experiencing its worst-ever mass bleaching event, during which warmer-than-usual water causes corals to expel their algae and turn white. Tour operators have been doing their part in helping preserve the popular tourist landmark, writes Travel Experiences Reporter Jesse Chase-Lubitz. Chase-Lubitz cites Reef Magic as one tour operator that offers travelers the opportunity to help revive corals. At least six tour operators are a part of the Coral Nurture Initiative, a partnership between researchers and tour operators to conduct research and restore reefs. Corals can survive a bleaching event, but it puts them under stress and makes them more susceptible to dying. In addition, 26 tour operators have provided almost 3,500 reef health surveys to the government in 2023 and 2024. Next, former JetBlue Airways CEO Robin Hayes has announced he will join Airbus to be the planemaker’s lead for North America, writes Airlines Editor Gordon Smith and Airlines Reporter M
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Amsterdam Says 'No' to New Hotel Developments
19/04/2024 Duración: 02minEpisode Notes Amsterdam is banning hotel developments as part of its strategy to fight mass tourism, writes Global Tourism Reporter Dawit Habtemariam. Amsterdam’s municipal government announced the Dutch capital will no longer issue permits for new hotels. The only exception would be if another hotel in the city closes and the number of beds doesn’t increase. Habtemariam notes Amsterdam officials are looking to limit annual overnight stays in the city to 20 million. The new hotel restriction is Amsterdam’s latest attempt to discourage mass tourism. The city raised its tourist tax 5 percentage points earlier this year. Next, Hyatt is ramping up its efforts to attract Indian leisure travelers, writes India Reporter Bulbul Dhawan. Hyatt CEO Mark Hoplamazian said India’s leisure travel market is mainly driven by domestic travelers, and that the company is looking to open 50 more hotels across 28 markets in India. The company currently operates 50 hotels in 17 Indian markets. Hoplamazian added he’s seen more in
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Airbnb CEO’s $1 Billion Pay Package
18/04/2024 Duración: 03minEpisode Notes Airbnb CEO Brian Chesky’s 10-year pay package, announced in 2021, could hit $1 billion or more if the company’s share price hits certain price targets, reports Executive Editor Dennis Schaal. Airbnb said recently the potential value of Cheksy’s eight remaining tranches of unearned shares at the end of 2023 was $1.3 billion. However, Schaal notes it’s far from certain that Chesky will receive the shares. Airbnb awarded Chesky a pay package with 12 million restricted stock units that the company valued at $430 million in November 2020 before Airbnb’s IPO. The potential payout would be based on whether Airbnb’s share price hits the designated thresholds as well as the actual share price on the date an earned award settles. Next, Europe’s largest tour operator TUI announced in February it would be offering sustainability-linked bonds. Travel Experiences Reporter Jesse Chase-Lubitz delves into whether those bonds are a step toward more sustainable tourism or a form of greenwashing. TUI’s sustai
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California's 'Ultimate Playground' Campaign
17/04/2024 Duración: 03minEpisode Notes Officials in California recently launched a new tourism marketing campaign. Visit California CEO Caroline Beteta discussed it and more in an interview with Global Tourism Reporter Dawit Habtemariam. Beteta said California’s current marketing campaign — titled “Ultimate Playground — aims to showcase a sense of play often associated with the Golden State. She described the campaign as a pivot from Visit California’s long-running campaign “Dream Big,” which she added will still be a part of the organization’s messaging. Beteta also touched on Visit California’s work with celebrities, who frequently appear on the cover of its visitor guides. She cited Jennifer Hudson as one celebrity the organization has partnered with. Next, travel and tourism investment firm Certares was behind a consortium that acquired FTI Group, Europe’s third-largest tour operator, writes Travel Experiences Reporter Jesse Chase-Lubitz. The consortium will own all of the share capital while FTI will receive about $130 million
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How Marriott and IHG Will Grow in Europe
16/04/2024 Duración: 03minEpisode Notes Marriott and IHG have each announced plans to add 100 hotels to their portfolio in Europe, reports Senior Hospitality Editor Sean O’Neill. Marriott said it would add those roughly 100 properties by the end of 2026 through hotel conversions — deals where the owner of an existing hotel assumes a new brand affiliation — or converting existing buildings into hotels. Marriott already has more than 800 properties in Europe. As for IHG, the company is planning to team up with Novum Hospitality, one of Germany’s largest family-run hotel groups, to add a little more than 100 hotels to its footprint in Germany. Next, several major airlines are still taking a cautious approach to operating flights in the Middle East following Iran’s attack against Israel this weekend, writes Airlines Editor Gordon Smith. While the European Union Aviation Safety Agency said there’s currently no overflight risk for civil aviation, some airlines are extending route cancellations and diversions. Virgin Atlantic said on Mo
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Tripadvisor Faces Important Questions
12/04/2024 Duración: 03minBen Drew recently announced he’s stepping down as Viator president. Executive Editor Dennis Schaal explores what that means for Viator’s parent company Tripadvisor, which is considering a potential sale. While Schaal writes the impact of Drew’s departure is unclear, one travel industry executive said it would make a potential buyer of Tripadvisor take a deeper look at Viator’s prospects as well as its leadership structure. Tripadvisor has yet to comment about who might succeed Drew. Tripadvisor has also floated the idea of spinning off Viator in recent years. Next, the U.S. airline industry is asking the federal government to halt additional flights to China, citing what it believes are Beijing’s “anti-competitive policies,” writes Airlines Reporter Meghna Mahirisi. Four aviation industry groups signed a letter urging Washington to pause an increase in flights between the U.S. and China. U.S. airlines have argued they’re at a disadvantage because they can’t fly over Russian airspace while other Chinese
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Delta Comes Out of the Gate Strong
11/04/2024 Duración: 02minEpisode Notes Delta Air Lines posted a first-quarter profit in what’s normally a sluggish period for airlines — in part due to a rebound in business travel, writes Airlines Reporter Meghna Maharishi. Delta President Glen Hauenstein said during the company’s earnings call that corporate travel sales were up 14% from last year. He added the technology, customer services and financial services industries led the increase. In addition, Delta saw record revenues for domestic travel during the first quarter. The company recorded a $37 million first-quarter profit — in contrast to a $363 million loss during the same period last year. Next, Brazil has postponed reinstating its visa requirement for visitors from Australia, Canada and the U.S. until 2025, writes Global Tourism Reporter Dawit Habtemariam. President Luiz Inácio Lula da Silva signed a decree this week that included the postponement. This is the second time Brazilian authorities have postponed the visa requirement, which was originally set to be implem
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The Big Hotel CEOs Saw $50+ Million Packages in 2023
10/04/2024 Duración: 03minEpisode Notes Several major hotel CEOs took home more money in 2023 than they did the previous year. Senior Hospitality Editor Sean O’Neill provides information about their pay packages. Hilton CEO Christopher Nassetta was the highest paid hotel executive in 2023, making $56.8 million. He was awarded about $8.3 million in total compensation the previous year. O’Neill cites stock-market gains as a reason why Nassetta’s pay package was substantially higher. Hilton’s stock price jumped 42% last year, and Nassetta received $16.3 million in stock awards. Hyatt CEO Mark Hoplamazian was the second-highest paid hotel CEO in 2023, making close to $56.4 million. Next, Viator President Ben Drew has announced he’s leaving the company, reports Senior Hospitality Editor O’Neill. Drew said he would leave Viator — Tripadvisor’s travel experiences brand — on April 12 for “a new opportunity in a new industry.” Drew, who had previously worked at Expedia and Deloitte, has served as Viator president since 2020. Viator generat