Skift
U.S. Experiences a ‘Business Recession’
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:03:45
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Sinopsis
Episode Notes Travel companies across the U.S. have seen an enormous boom in leisure travel demand coming out of the pandemic. However, United Airlines CEO Scott Kirby believes the U.S. is in a “business recession,” reports Edward Russell, editor of Airline Weekly, a Skift publication. Kirby said at a conference in Istanbul on Monday that while consumer spending is strong, the same can’t be said for businesses. Russell writes that the downturn has contributed to a slower business travel recovery than many had expected. United Chief Commercial Officer Andrew Nocella acknowledged that business travel demand at United has plateaued while declining to state how much it’s recovered. Russell adds the state of corporate travel is a major concern for airlines, noting the business travelers represent a significant portion of revenue — especially during periods of slower leisure travel. Next, Marriott is making another foray into the extended-stay sector. The company is launching a brand geared toward price-conscious