Airbnb CEO: A New AI-Powered App Will Take ‘Years’
Airbnb CEO Brian Chesky originally predicted that a fully redeveloped app — with AI at the center — would already have been released. Now, he's saying it'll take years.
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.
Hilton: U.S. Leisure Travel ‘Definitely Softening’ – High-End Still Have ‘Fat Bank Accounts’
While Hilton's outlook remains broadly positive, the moderating growth trajectory bears watching. Next year hotel operators may need to work harder to drive growth. Luxury and lifestyle brands could be key differentiators.
Disney CEO Sees ‘Flat-ish’ Theme Park Revenue and ‘Slowdown’ in Coming Months
Disney's theme parks — one of the world's most popular tourist attractions — face a domestic slowdown.
Cathay Pacific Signs Big Plane Order as it Scrambles to Regain Dominance
Cathay Pacific was hit harder than most during the pandemic, and remains a relative laggard on the international stage. Bosses see 2024 as the year that its rebuilding plan really starts to gather pace.
Wynn Resorts Buys 70 Acres of Land in UAE For ‘Future Development’
Wynn Resorts' joint partnership in the UAE now owns a quarter of all of Marjan Island.
Tripadvisor’s Flagship Brand Saw Revenue Decline Accelerate With Google Search Changes a Factor
Tripadvisor's flagship brand is declining, so that's why it's focusing on the next iteration of the company.
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Takeaways From Hotel Earnings Season
Key events included DiamondRock Hospitality's upgrade, Hyatt and Apple Hospitality lowering guidance, and IHG reporting strong new room signings despite challenges in China.
Airbnb CEO: We’ll Relaunch Experiences in 2025
Can Airbnb be successful in Experiences when it avoids mass market tours and activities? Don't look to find that Taj Mahal tour on Airbnb.
The Airbnb Growth Juggernaut Just Slowed
The moderation in Airbnb's growth in the second quarter, which ended June 30, is obviously not because stock markets have nosedived in the past week. It's tough to keep a company growing at a rapid clip at scale.
Hyatt Rides Business Travel Wave but Trims Hotel Outlook
Hyatt claimed success in capitalizing on a business travel recovery. But as it considers acquisitions and development deals, it must balance ambition with potential economic headwinds.