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Ascott, the Southeast Asian hotel group, says it’s actively seeking resort acquisitions to round out its portfolio of extended-stay travel lodging as it seeks to double its overall property count by 2028. “We certainly would want to be acquiring resorts,”…
Members of Congress help shape the future of the travel industry — and some are personally investing in it, too. A Skift analysis of congressional financial disclosures reveals that more than three dozen lawmakers and their spouses have traded stocks…
Advertiser Disclosure Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Over the past nineteen years as a business owner, I’ve used countless business cards.…
Good morning from Skift. It’s Tuesday, May 20. Here’s what you need to know about the business of travel today. Despite having millions of loyal users, Airbnb will face several challenges in its quest to build a $1 billion experiences…
Cara Whitehill, Vice President at Thayer Investment Partners, brings a bold investor lens to the Skift Data + AI Summit stage. As generative AI slashes the cost of launching and scaling startups, she sees a shift as seismic as the…
Inbound tourism to China has become Trip.com Group’s fastest-growing segment, thanks to favorable policy changes and increased international interest. Visa-free access for travelers from over 40 countries, along with China’s new 240-hour visa-free transit policy, is making it easier for…
Indian airports have terminated agreements with Turkish and Chinese firms for their support for Pakistan during the India-Pakistan armed conflict earlier this month. This comes after several Indian travel companies suspended new bookings to Turkey and Azerbaijan. On Thursday, India…
Fairmont Hotels & Resorts has launched its first global brand campaign since 2021, and though there’s a luxury backdrop, the hotel group says the message is about how guests feel in quiet, everyday moments. Fairmont is rolling out a series…
Airbnb has a strong brand and millions of loyal users – but its mission to build a $1 billion experiences business in the next few years will face multiple challenges. “Whether the unit economics are good enough, whether there’s enough…
Spanish authorities ordered Airbnb to remove more than 65,000 listings for holiday rentals, which the government said violated existing rules, Reuters reported. Spain’s Consumer Rights Ministry said in a statement on Monday that most of the Airbnb listings to be…