Articles tagged “labor”

Sabre's leadership team has been like an endurance runner in its strategy of patching up the security of the company's software, breaking down internal business silos, and moving Sabre's systems to the more stable cloud. This latest restructuring is the next phase.

Kayak, OpenTable, and Agoda have laid off employees. The flagship brand, Booking.com, initially took Dutch government relief money that forestalled downsizing, but has opted not to extend it. Amid other restructuring moves under way, that means layoffs are likely on the agenda as Chairwoman Gillian Tans re-ups.

The U.S. travel industry is largely self-absorbed at the moment with millions of people out of work, and businesses struggling to survive. But it will ignore the pivotal moment that is unfolding across U.S. cities at its own peril.

What is the future of labor in travel, particularly as concerns for the safety of frontline workers become paramount?

Though there is evidence of pent-up travel demand as U.S. reopens bit by bit, the monumental job losses for our sector will take a long time to come back to the pre-pandemic level, if ever. This is travel's Great Depression of this century, make no mistake.

At first, John Brown cut costs rather than staff, including foregoing his salary for the rest of 2020. But the Agoda CEO now has to take the last measure, citing a deeper and more prolonged recovery than expected.

Hoteliers are expected to rely heavily on technology to run properties in the coronavirus recovery, but Unite Here expects heightened cleaning standards will usher in a need for more workers. Cost-cutting for near-term survival may delay the opportunities the labor movement desires.

The leisure and hospitality industry was the hardest-hit part of the U.S. economy when it came to job losses, and restaurant and bars were by far the most-severely impacted within the category.

Welcome to a more focused Airbnb, one that is about homes, and not hotels and luxury properties. This may not bode well for a public offering.

It's hard to see how Trivago survives the pandemic without an asset sale or private equity taking it private perhaps.