Hilton CEO: ‘We Feel Pretty Good’ But There’s Still Room to Grow
Fresh off of its spinoffs and investment from its new major stakeholder, HNA, Hilton seems poised to take the asset-light hotel management model and run with it.
Travel Industry Earnings Coverage
Don’t miss out on Skift’s in-depth coverage of earnings reported by public travel companies, including online travel agencies, hotel brands, airlines, and technology companies. Our earnings stories cut through the numbers to explain what’s really happening at companies and within the industry as a whole.
Royal Caribbean Sees a China Slowdown But Other Markets Are Thriving
As cruise executives often say, having ships all over the world means some areas boom while others struggle. At the moment, China-Korea tensions are hurting Royal Caribbean's business in Asia, but other regions are strong.
Expedia Looks to Trivago and HomeAway to Propel Future Growth
Expedia isn't overlooking its core online travel agency brands such as Expedia.com and Hotels.com, but Trivago and HomeAway are clearly rising stars. Trivago hardly ever saw a TV commercial it didn't like but increased profits in Q1, and HomeAway is in the midst of a multi-year digital-booking transition.
American Airlines CEO Rejects Criticism of ‘Unprecedented’ Flight Crew Pay Hikes
American Airlines CEO Doug Parker is playing the long game. Surprise pay hikes for pilots and flight attendants will cost roughly $350 million in 2018 and 2019. But if airlines truly want to avoid more customer service-related dramas, one way to get there is to adequately compensate your workforce.
Momondo Group Is Still Spending Big to Fund Expansion
The Momondo Group knows it has to spend big to catch up with the competition. Its growth caught the attention of the Priceline Group, which will be hoping the acquisition, if approved by regulators, will help boost its European metasearch operation.
Acquisitions Add to AccorHotels’ Strong First Quarter Revenues
Honestly, we're just wondering what's on their list of things to buy up next.
United President: It’s Too Early to Know if Any Customers Are Boycotting Airline
United says it does not yet know if business was hurt by last week's bumping drama in Chicago. It's possible that the airline lost some customers on the margins, but United will be fine long-term. If the price is right, passengers will be back.
Delta Execs Downplay Importance of Basic Economy
Delta says it's using basic economy fares to help better differentiate its products. The jury is still out on whether it will help them compete on routes where they face low-cost competitors.
Carnival Expects a Strong Year Despite Tensions in Asia
Carnival Corp. is seeing strong demand and a willingness to pay more in its key markets. That's good news for the company and the industry in general, but China will warrant close attention if the dispute with Korea is not resolved quickly.
Priceline Says It Won’t Get Bogged Down by Acquisitions, Like Expedia Did
The Priceline Group will consider various strategies to further its priority of increasing its lodging supply. The reason? The more choice, the better the conversion rates of lookers into bookers. When people tell you Airbnb won't ever get into selling hotel rooms, then consider the lessons Priceline has learned about adding rooms.