Even though official government data is still unavailable for 2018, reports show the United States is losing ground when it comes to international tourism — and especially key markets like China. What will it take to turn that trend around?
Six Flags' big ambitions for international expansion are meeting economic reality. The theme park operator still finds potential in partnerships outside the United States, but expectations have to be adjusted.
The company has been hoping for a turnaround in Asia Pacific for years now, but so far business in the region is weak. If trade tensions continue to squeeze the company, will progress get even slower?
This week in tourism, the Chinese travel system could have a global effect on the travel industry, Royal Caribbean sees growth in customers out of China, and the African Union makes progress on its passport for all of Africa.
Fosun bets on integrated resorts to address the needs of Chinese travelers, who are showing interest in these types of experiences. Why not use what’s already in the family? Thomas Cook and Club Med should be ever so pleased.
Our latest Skift Research report provides a look-back on 2018 and details our 2019 economic expectations for the U.S. and globally. All in all, we expect a solid year of economic growth in 2019 which should translate well for the travel industry.
Ctrip has been able to spend most of its 15-year history riding a rising travel tide in China while buying out much of the competition to blunt their challenges. For 2019, Ctrip will have to stand up and get moving to recapture momentum and investor attention.
It appeared several years ago that Ctrip had locked up the Chinese online travel market when it took control of Qunar and Elong, but that ship has sailed. The emergence of Meituan and now Tongcheng-Elong's initial public offering make it clear that many players will scramble for market leadership.