FIFA's outrageous ticket prices, combined with geopolitical turmoil, have contributed to soft bookings. Yet hotels that jacked their rates share some of the blame, too.
The event tech market is shrinking even as its capabilities expand, with every AI integration raising the bar for what planners expect out of the tools.
Travelers do not make their decisions in one step. The smartest travel companies have started focusing on the stage where they can actually make a difference.
American Express Global Business Travel is going private with backing from major AI and tech investors. Despite a travel-tech experienced backer in General Catalyst, Long Lake will have to prove its mettle.
Spirit Airlines is no more. The pioneer of ultra-low-cost flying in the U.S. was ultimately undone by surging fuel prices, failed bailout talks, and a model that couldn’t keep pace with a changing market. Its collapse sees 14,000+ jobs lost, reshapes competition across key routes, and presents a curious question: Who, if anyone, will fill the gap? We unpack the immediate fallout and ask what comes next in this week's issue.
Transportation Secretary Sean Duffy appeared to dismiss the idea that other budget carriers might need a bailout from the government, hours after Spirit said it would start winding down operations.
Spirit, once one of the most profitable airlines, never recovered from the pandemic and the shift to premium travel. Rival low-cost airlines are trying to take advantage — but they have their own problems.