News
Easy Jet's Latest Suitor: Can Castlelake Succeed Where Others Failed?
1+ hour ago (199+ words) As consolidation reshapes European aviation, Easy Jet remains one of its most prized assets " and seemingly one of its hardest deals to pull off. Easy Jet has a potential suitor, but the airline is not impressed. On Friday, Minneapolis-based investment…...
Barry Diller Moves to Take Over MGM Resorts in $18 Billion Deal
3+ hour ago (121+ words) The Las Vegas Strip is consolidating fast. Soon, two billionaires (Barry Diller and Tilman Fertitta) may control a large chunk of its hotel rooms. Barry Diller's media company, People Inc, said Monday it is preparing a bid to take full…...
The AI Divide in Indian Travel: What Make My Trip, Ixigo, TBO, and Yatra's Earnings Calls Reveal
4+ hour, 42+ min ago (204+ words) No Indian travel earnings call is complete without an AI pitch anymore. A closer reading of the latest calls from Make My Trip, Ixigo, TBO, and Yatra shows very different strategies, and varying levels of confidence about what comes next....
Hilton Launches 'Undergraduate' Hotel Brand for College Towns. Here's What the Numbers Say.
1+ hour, 2+ min ago (219+ words) Hilton wants developers to invest millions in Undergraduate, its new hotel brand aimed at small college towns. Yet the new brand has no track record, requiring potential owners to take a leap of faith. Hilton launched its 27th hotel brand on…...
How AI Became the Reason Not to Buy the World's Largest Corporate Travel Company
16+ hour, 58+ min ago (151+ words) With most potential buyers citing AI disruption risk and walking away, Long Lake's $6. 3 billion acquisition of Amex GBT is the most contrarian bet in travel right now. The travel industry puts AI in every investor deck and every conference keynote…...
Why the Hotel Business Is Entering an Owner-First Era
1+ day, 23+ hour ago (1191+ words) The asset-light model has been good for operators and their shareholders. The pressure it creates for the owners who carry the assets is only now being openly discussed " and the operators best placed to respond are the ones who have…...
Saudi Tourism Chief Hamidaddin to Leave Role as Kingdom Rewrites Its Tourism Ambitions
2+ day, 16+ hour ago (128+ words) Saudi Arabia's tourism chief is out and the giga-projects are being scaled back. The Kingdom's tourism mission may be "unchanged," but is being unmistakably revised. Fahd Hamidaddin, chief executive of Saudi Arabia's Tourism Authority, is leaving the role after seven…...
What Iceland and Puerto Rico Reveal About Class Divide in Overtourism
2+ day, 22+ hour ago (340+ words) Rashaad Jorden is Skift's Associate Editor/Archivist. He often delves into topics that readers turn to Ask Skift, our AI chatbot, for information. Before finding his way to Skift, he bounced around the U. S. , France, Japan and UK. He greatly misses…...
Luxury Retail's Hospitality Problem Isn't a Training Problem
3+ day, 33+ min ago (358+ words) Rashaad Jorden is Skift's Associate Editor/Archivist. He often delves into topics that readers turn to Ask Skift, our AI chatbot, for information. Before finding his way to Skift, he bounced around the U. S. , France, Japan and UK. He greatly misses…...
Jamie Dimon Says Moats in Banking Are Temporary. Sounds Like Travel.
3+ day, 1+ hour ago (188+ words) In travel, as in banking, the moat you're defending today is probably shallower than you think. And it's likely someone is already digging around it. Jamie Dimon, the CEO of JPMorgan Chase, told an investor conference this week that competitive…...