Fri.Mar 29, 2024

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DOJ and FTC Weigh in on Hotel Price Collusion Case

Skift Blog

Skift Take: Two U.S. federal agencies warned hotel companies that using the same pricing software as rivals use may risk violating antitrust law in highly concentrated markets.

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CoStar: U.S. Hotel Performance Shows Positive Yearly Comparisons

Lodging

WASHINGTON—U.S. hotel performance decreased from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through March 23, 2024. U.S. Hotel Performance March 17-23, 2024 Percentage change from comparable week in 2023:Occupancy: 65.3 percent (up 0.7 percent)ADR: $162.28 (up 2.5 percent)RevPAR: $106.01 (up 3.2 percent) Among the Top 25 Markets, New Orleans reported the largest year-over-year increase in occupancy (up 13.6 percent to 75.5 percent).

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Spirit Airlines to Receive up to $200 Million for Pratt & Whitney Engine Problems

Skift Blog

Skift Take: The compensation could give the struggling Spirit a significant boost to its liquidity.

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This NYC Hotel Has a $30 ‘Curation Fee’

Skift Blog

Skift Take: Some hotels will come up with fancy names to hide the fact that they are charging guests an unpopular mandatory fee.

Hotels 325
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5 Ways You Can Win Faster with Gen AI in Sales

Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.

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TCab Tech Raises $20 Million for Flying Taxi: Startup Funding Roundup

Skift Blog

Skift Take: There's a lot of money going into the development of flying taxis. The one featured this week has its eyes set on the Middle East and Asia.

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Most U.S. Travelers Can’t Afford Their Dream Vacation: Skift Research

Skift Blog

Skift Take: It's a post-pandemic world, but most Americans don't feel their dream getaways have become more attainable. Brands would be wise to understand that sentiment as they compete to sell travel in the marketplace.

Travel 309

More Trending

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‘Multiple Indias’: Yatra and MakeMyTrip CEOs Push Travel Industry To Embrace India’s Diversity

Skift Blog

Skift Take: The leaders of MakeMyTrip and Yatra Online advocate for a keep-your-head-down approach: understanding India's latest travelers, focusing on customer retention, and embracing the digital landscape without being bogged down by competitors.

Travel 298
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Southwest Airlines Acquires Jet Fuel Startup Saffire Renewables

Skift Blog

Skift Take: Southwest Airlines is developing its own ecosystem for renewable jet fuel, meant to provide more guaranteed access as production is scaled.

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Property Manager Blueground Raises $45 Million 

Skift Blog

Skift Take: Blueground said it will spend the funding on tech development and business expansion.