Hyatt Hotels Corp. faced a decline in demand for all-inclusive resorts in the second quarter, which CEO Mark Hoplamazian attributed to a “return to pre-pandemic seasonality” in Mexico and the Caribbean. Despite enjoying a strong first quarter with double-digit net package revenue per available room (RevPAR), the Inclusive Collection portfolio saw a more modest 3%
Booking Holdings, under the leadership of CEO Glenn Fogel, recently shared its financial results for the second quarter of 2024. While there was no mention of the $452.5 million fine incurred by the company in Spain, Fogel remained positive during the call with analysts. The company reported total revenue of $5.9 billion, a 7% increase
Boeing factory workers have come forward with alarming reports of being pressured to work too quickly and perform tasks for which they were not adequately trained. The recent incident involving the blowout of an Alaska Airlines jet further tarnished Boeing’s safety reputation and raised serious concerns about the company’s internal safety culture. Workers revealed that
Elliott Investment Management recently detailed its holdings in Southwest Airlines and reiterated its call for changes to be made in the carrier’s top management. The firm had announced in June that it had acquired a stake worth approximately $1.9 billion in Southwest and called for the replacement of CEO Bob Jordan. In a filing with
It’s no secret that the summer travel season can bring a host of challenges, with flight delays and cancellations being a common issue for many travelers. However, when it comes to seeking reimbursement for these disruptions, the road ahead may be far from straightforward. In the United States, airlines are not generally obligated to provide
ChainFEST, a unique food festival that aims to elevate nostalgia through gourmet renditions of classic American fast food dishes, is making its debut on the East Coast. Founded by actor B.J. Novak and Michelin-starred chef Tim Hollingsworth, ChainFEST has garnered attention for its creative take on beloved chain restaurant favorites. The upcoming event in New
The American Craft Beer Hall of Fame (ACBHOF) is a new institution that aims to immortalize the individuals who have significantly contributed to the American craft beer industry. With the industry rapidly expanding over the last 50 years, from a handful of breweries to almost 10,000 nationwide, it is essential to acknowledge the pioneers who
Delta Air Lines’ massive outage last month led to thousands of flight cancellations, resulting in approximately $500 million in losses, according to CEO Ed Bastian. Despite the significant financial impact, Delta reportedly rejected onsite assistance from CrowdStrike, a cybersecurity company. Bastian revealed that the airline plans to seek damages and pursue legal claims to recover
Cybersecurity firm CrowdStrike finds itself in the midst of controversy as Delta Air Lines threatens to sue for damages following a software update failure on July 19. Delta CEO Ed Bastian has openly discussed the possibility of legal action, citing the $500 million in losses incurred due to more than 6,300 flight cancellations. Bastian accused
The recent landfall of Hurricane Debby on Florida’s Gulf Coast has caused significant disruptions to various cruise itineraries along the East Coast. Cruise lines such as Carnival Cruise Line, MSC Cruises, Norwegian Cruise Line, and Royal Caribbean International have all been forced to make adjustments to their schedules in order to ensure the safety and
Regent Seven Seas Cruises and the Aston Martin Aramco Formula One Team have announced a unique collaboration for a themed cruise in the summer of 2025. This cruise will offer guests the opportunity to experience the thrill of Formula One racing while sailing the Mediterranean Sea. The Racing Experience The highlight of the cruise will
TMC Hospitality, a subsidiary of TMC Group, has been making waves in the boutique hotel industry with its unique brands. Philip Bates, co-founder and CEO, distinguishes between Bode and Drift by highlighting their target demographics. While Drift leans towards an upper-upscale experience, catering to traditional travelers, Bode caters to the social group traveler, offering multi-bedroom
The recent court filing by Hawaiian Airlines revealed the potential disruption that the U.S. Department of Transportation’s (DOT) rule for airline fee disclosure could cause. If this rule goes into effect as planned on Oct. 30, Hawaiian Airlines may be forced to cease all traditional Global Distribution System (GDS) sales. This drastic measure highlights the
Allegiant Travel Co.’s Sunseeker Resort Charlotte Harbor is currently grappling with significant financial challenges, as highlighted by the company’s executive chairman and outgoing CEO, Maurice Gallagher, during a recent Q2 earnings call. The resort’s future is uncertain, with Gallagher stating that “all options are on the table,” including a potential sale of the property. Gregory
Singapore’s Changi Airport has recently introduced a groundbreaking trial that allows some passengers to clear immigration without showing their passports. This innovative “token-less clearance” program utilizes eye and facial biometric processing for Singapore residents arriving at Terminal 3. This initiative signifies a major shift towards modernizing and automating immigration services in the country. The “New
The current job market presents a paradoxical situation where the unemployment rate has remained below 4% for 30 months, yet there are still individuals who struggle to find employment. The term “NEETs,” which stands for “not in employment, education, or training,” is used to describe those who have opted out of the labor force due
Following the recent completion of the ferry service and day-tour company’s bankruptcy proceedings, Hornblower Group has named hotel industry executive Mike Flaskey as its new CEO. Flaskey’s appointment comes as a replacement for Kevin Rabbitt, who had been serving as chief executive since June 2020. Mike Flaskey, the former CEO of Diamond Resorts, brings with
Virgin Hotels is set to make its mark in London with the grand opening of the Virgin Hotels London-Shoreditch on August 1st. This marks a significant milestone for the company as it ventures into a new territory, bringing its unique blend of hospitality to the heart of the city. The Virgin Hotels London-Shoreditch will be