The stock market has been on a wild ride; the U.S. government was partially shut down for more than a month; and recession worries are impossible to shake. So 2019 should be a terrible year for the travel industry, right?
Wrong, according to our experts, Skift Senior Research Analysts Rebecca Stone and Seth Borko. In fact, they insist there’s room for optimism in the coming year.
A few reasons why: Consumer confidence is high; U.S. corporations are spending on capital projects; airline earnings have been largely positive; and international markets are growing, albeit at a slower pace.
This episode of the Skift Podcast dives into the economic outlook for travel in 2019: the good signs, the risks, and the reasons you shouldn’t panic.
Our conversation took the form of a Skift Call in mid-January, featuring Stone, Borko, and Skift Executive Editor Dennis Schaal.
It’s an annual tradition here at Skift: The editorial staff gets together to talk and talk and talk about what we see as the biggest emerging travel industry trends for the coming year.
We call these our Megatrends, because they’re just that big, and this year we have 12 in our annual magazine. We like to introduce them to the world by highlighting a handful of these travel trends in front of a crowd; this year, we’re doing that in 10 cities around the world.
The first took place in mid-January in New York City, and we recorded that event. This episode of the Skift podcast focuses on the Megatrends Defining Travel in 2019. Some of those trends include travel brands giving more control to consumers; the appeal of undertourism; the way lines are being blurred in hospitality; the rise of wellness marketing in travel; and Google’s domination of local discovery.
We had a lineup of Skift all-stars presenting: Travel Tech Editor Sean O’Neill, Research Director Haixia Wang, Senior Editor Andrew Sheivachman, Senior Hospitality Editor Deanna Ting, Executive Editor Dennis Schaal, Co-Founder and Chief Product Officer Jason Clampet, Founder and CEO Rafat Ali, and Senior Enterprise Editor Hannah Sampson.
Everyone is familiar by now with the low-cost carrier success stories: Ryanair, Southwest, easyJet, Wizz Air, and others with similar models are among the most profitable in the industry.
But low-cost doesn’t necessarily equal high-profit. It’s a tale of two types of flights: short-haul, which is a moneymaker for budget airlines, and long-haul, which has been a big loser.
This episode of the Skift Podcast explores the next big challenge for low-cost airlines: how to make long-haul flights make money.
This podcast was also our opportunity to showcase a new addition to the Skift family, the 14-year-old newsletter Airline Weekly. Seth Kaplan, the publication’s editor, joined Skift Senior Aviation Business Editor Brian Sumers to tackle the low-cost question.
They discussed the reasons low-cost short-haul flights are so profitable, and why that success doesn’t often translate to longer routes. They also dug into which budget airlines might try long-haul next — and who definitely will not.
The response, as Ali has noted, was overwhelming. “Awesome truth bombs,” one person wrote on LinkedIn. Others were less enamored. As a follow-up, Ali recently wrote a love letter of sorts to travel, naming 25 things that inspire him about the industry.
On this episode of the Skift podcast, we talk about uncomfortable and occasionally unpopular observations about travel. Are industry associations useless? Is domestic travel ignored? Why, for the love of god, is MICE a term that the industry has embraced? (We’ll also touch on the inspiring stuff, like travel’s role in creating a global middle class.)
Our guests were Ali and co-founder Jason Clampet, who is also general manager of Skift Table.
So when will the $850 billion behemoth tiptoe back into travel? And if that were to happen, how would it upend the industry? On the one hand, Amazon has a huge customer base built in with its Prime membership program; on the other, our poll shows consumers might still not be ready to trust the company with its travel purchases.
This episode of the Skift podcast dives into the Amazon factor in travel: the history, the opportunity, and the potential fallout.
Our conversation took the form of a recent Skift Call, featuring the expertise of Skift Executive Editor Dennis Schaal and Senior Research Analyst Seth Borko. The slides that they reference in the talk are embedded here.
Europe had a gangbusters year for tourism in 2017, with 671 million international arrivals. That was an increase of 8 percent from the year before, and followed several years of much smaller growth.
Parts of the region, of course, have faced significant challenges in recent years that kept visitors away: terror attacks, political instability, financial struggles. But some have also been dealing with the problem of too many tourists, or at least an overwhelming number in one place at the same time. We at Skift call this overtourism, but at least one popular destination isn’t embracing that term.
We tackled these issues with some European tourism leaders at Skift Forum Europe in Berlin recently; this episode of the Skift Podcast features that conversation.
At the event, Europe Editor Patrick Whyte spoke to Jennifer Iduh, head of research and development at the European Travel Commission, and Inga Palsdottir, director of Visit Iceland and Creative Industries at Promote Iceland. They discussed strategies for tourism marketing, the need for destination management, and how the desires of visitors are shifting.
This episode of the Skift Podcast brings you that conversation between Bazin and Ting. They talked about why Accor wants to be part of travelers’ everyday lives, the lessons Bazin has learned from making so many acquisitions, and whether the hype around Accor matches reality. (The CEO, not surprisingly, believes it does.)
Airbnb says its goal is to become a “super brand of travel,” and the company that started as a homesharing platform 10 years ago has been taking major steps to make that a reality. In addition to alternative accommodations, dining, and tours and activities, Airbnb is also getting into the actual hotel business.
With a new public push to get boutique hotels and bed and breakfasts to list their rooms on the site, Airbnb is giving online travel agencies like Booking.com and Expedia a run for their money. And hotels are still trying to figure out how to handle competition from the company.
On this episode of the Skift podcast, we’re talking about the Airbnb threat: What online travel agencies might be in for, the opportunities that exist for the hospitality industry, and what it all means for hotel owners.
Our conversation first took the form of a Skift Call not too long ago.
Skift Hospitality Editor Deanna Ting led the call, and she was joined by Executive Editor Dennis Schaal and Skift Research Senior Analyst Rebecca Stone.
Speakers were Skift founder and CEO Rafat Ali, hospitality editor Deanna Ting, travel tech editor Sean O’Neill, Skift Table senior editor Kristen Hawley, and news editor and podcast host Hannah Sampson.