Consumers are reportedly delaying or cutting back on travel and experiences amid an uncertain economic outlook. Online booking platforms, airlines, hotels and other companies in this sector have noted this trend during recent earnings calls, Reuters reported Thursday (Aug. 8). Some have warned investors that...
Wyndham Hotels & Resorts is investing in artificial intelligence (AI) amid record growth in its room pipeline. The hotel and resort chain released earnings Wednesday (July 24), showing its development pipeline had grown 7% year over year to a record 245,000 rooms. Revenue per available...
Hospitality/travel industry commercial platform Lighthouse has debuted an artificial intelligence (AI)-powered solution. Channel Manager, announced Thursday (July 18), is designed to erase what the company calls “long-standing limitations” of static pricing, promotion and distribution technologies. “Independent hotel owners, general managers and sales leaders have traditionally...
Airbnb’s first quarter results showed growth in listings and in nights booked. And per management commentary on the conference call, demand for international travel remains robust — enough so that the firm is looking ahead to a “record” summer season, tied to sporting events such as the...
September 03, 2024
Travel spending will generate a record 10% of gross domestic product (GDP) this year. That’s according to a report Monday (Sept. 3) by Reuters, citing data from World Travel and Tourism Council (WTTC), a non-profit membership group. The WTTC estimates show the travel industry contributing $11.1 trillion to the worldwide GDP for 2024, up 12.1% […]
August 08, 2024
Consumers are reportedly delaying or cutting back on travel and experiences amid an uncertain economic outlook. Online booking platforms, airlines, hotels and other companies in this sector have noted this...
July 25, 2024
Wyndham Hotels & Resorts is investing in artificial intelligence (AI) amid record growth in its room pipeline. The hotel and resort chain released earnings Wednesday (July 24), showing its development...
July 18, 2024
Hospitality/travel industry commercial platform Lighthouse has debuted an artificial intelligence (AI)-powered solution. Channel Manager, announced Thursday (July 18), is designed to erase what the company calls “long-standing limitations” of static...
