Latest news with #internationaltravel
Skift
14 hours ago
- Business
- Skift
There's a U.S. Travel Deficit, Too – Hotel CEOs Call for a Fix
Major hotel CEOs say the U.S. has lost significant ground in attracting international visitors. They also say they are focused on expansion in high-growth markets like, India, Southeast Asia and the Middle East. Hotel leaders say the U.S. is squandering its tourism potential — and global hotel giants are increasingly looking abroad for growth, particularly India, Southeast Asia, and the Middle East. Anthony Capuano, CEO of Marriott International, highlighted the challenges on Monday. A decade ago, foreign travelers spent $50 billion more in the U.S. than Americans spent abroad. That has since reversed: The U.S. now facing a $50 billion deficit in international travel, according to the U.S. Travel Association. "You would expect that would get a stronger reaction that it's gotten," Capuano said, while speaking on-stage at the NYU International Hospitality Investment Forum in New York. "We've got a decade of amazing global tentpole events coming," Capuano said. "We've got World Cup. We've the LA Olympics. We have the Utah Olympics. So we've got to streamline visa
Skift
16 hours ago
- Business
- Skift
Alaska Airlines to Fly to Rome Next Year in Europe Debut
Based on what we saw during Alaska's investor day in December, expect more routes to Europe and Asia, including London, Paris, Bangkok, and Ho Chi Minh City. Alaska Airlines announced Tuesday that it plans to fly from Seattle to Rome, marking the carrier's first route to Europe. Flights will begin in May 2026 and go on sale this fall. Alaska said it would operate the route four times a week using a Boeing 787-9. The new destination is part of Alaska's strategy to expand into the international market following its merger with Hawaiian Airlines. Through the merger, Alaska acquired Hawaiian's widebody fleet, which includes Boeing 787s and Airbus A330s. In order to operate the route, Alaska needs approval from the Federal Aviation Administration to have its combined fleet from Hawaiian on a single operating certificate. Alaska said it expects to receive the approval in the fall. Customers also have the opportunity to join an early-access list to be notified when flights can be purchased. Alaska's International Ambitions Italy is one of the most popular tourist destinations for Americans, and U.S. airlines have recently been adding more routes to the country. Both United Airlines and Delta Air Lines added routes to Sicily. American Airlines also expanded its schedule to Italy, increasing flights to Rome, Naples, and Venice. Alaska said Rome is not currently served by a nonstop flight from Seattle, and the city was among the most-requested destinations for members of the carrier's loyalty program, MileagePlan. The Seattle-based carrier had been eyeing a European expansion for some time. CEO Ben Minicucci said during a Wings Club event in New York in March that Europe was 'definitely on the radar for 2026.' During Alaska's investor day in December, executives presented a map with multiple international destinations to Europe and Asia. That map included London, Paris, and Rome, along with Bangkok and Ho Chi Minh City. In May, Alaska debuted flights from Seattle to Tokyo and plans to launch a route to Seoul in September. What am I looking at? The performance of airline sector stocks within the ST200. The index includes companies publicly traded across global markets including network carriers, low-cost carriers, and other related companies. The Skift Travel 200 (ST200) combines the financial performance of nearly 200 travel companies worth more than a trillion dollars into a single number. See more airlines sector financial performance. Read the full methodology behind the Skift Travel 200. Related
Forbes
3 days ago
- Business
- Forbes
Tariffs And Inflation Affect Summer Travel Plans, New Survey Says
Nearly half of Americans say President Trump's tariffs will affect their summer travel plans, a new survey says. (Photo by) Getty Images As the summer travel season looms, nearly half of Americans say President Trump's tariffs are disrupting their travel plans, according to a new consumer survey. The survey done by personal-finance website WalletHub reveals that 45% of Americans say tariffs are affecting their travel plans, while 63% say inflation is affecting such plans. Survey respondents could select more than one reason. The survey also finds that 70% of Americans are concerned that a weakening dollar will affect the ability to travel internationally. 'Consumers have concerns about the current economic landscape, including its impact on summer travel heading into vacation season,' says John Kiernan, WalletHub's editor. It's understandable that nearly half the people surveyed say tariffs are affecting travel plans, considering the tariffs are 'coming on the heels of years of inflation,' he says. The survey also reveals that nearly 2 of every 3 Americans plan to spend less money this summer than last summer. More than 40% of Americans plan to use credit card rewards to pay for a vacation this summer. Other survey findings: *Americans are still paying off past travel expenses. Nearly one of every five people still has credit card debt from a previous vacation. *Debt clouds Americans' summer fun. During vacation, 55% of people think about credit card bills that will arrive afterward. *Debt is preferable to missing a vacation. One of every five Americans say they would skip a credit card payment before skipping a vacation. 'Travel has become non-negotiable for many people—even when it means taking on debt or falling behind on payments,' Kiernan says. 'If you're determined to travel, I recommend exploring every possible way to save–from following a strict budget to getting a travel credit card with a big sign-up bonus. You'll enjoy your experience a lot more if you don't have to pay interest on your travel expenses for months or years.'
Yahoo
4 days ago
- Business
- Yahoo
India's IndiGo to add 10 new international destinations to its network
(Reuters) -Indian airline IndiGo will add 10 international destinations and broaden its business class offerings overseas this year, CEO Pieter Elbers said on Friday, ramping up competition with rival Air India. The move marks a fresh push by IndiGo to tap into premium international travel, a space long dominated by Tata-owned Air India. IndiGo, which holds nearly 60% of India's domestic market, flew 1.8 million international passengers in the October–December quarter, just behind Air India and its budget unit's combined 2 million, DGCA data showed. The company will add business class seats on routes to Singapore, Phuket and Dubai, CEO Pieter Elbers said at an event in Delhi on Friday, without specifying the Indian departure points. The airline also plans to expand its long-haul network later this year with new destinations including London, Copenhagen, Athens, and Southeast Asian countries and cities like Hanoi and Cambodia. Earlier this year, IndiGo said it aims to increase international seat capacity and expand its fleet to over 600 aircraft by fiscal 2030. It has also signed a deal with Bengaluru International Airport to develop maintenance, repair and overhaul (MRO) infrastructure to support this growth. Connectez-vous pour accéder à votre portefeuille
Reuters
5 days ago
- Business
- Reuters
India's IndiGo to add 10 new international destinations to its network
May 30 (Reuters) - Indian airline IndiGo ( opens new tab will add 10 international destinations and broaden its business class offerings overseas this year, CEO Pieter Elbers said on Friday, ramping up competition with rival Air India. The move marks a fresh push by IndiGo to tap into premium international travel, a space long dominated by Tata-owned Air India. IndiGo, which holds nearly 60% of India's domestic market, flew 1.8 million international passengers in the October–December quarter, just behind Air India and its budget unit's combined 2 million, DGCA data showed. The company will add business class seats on routes to Singapore, Phuket and Dubai, CEO Pieter Elbers said at an event in Delhi on Friday, without specifying the Indian departure points. The airline also plans to expand its long-haul network later this year with new destinations including London, Copenhagen, Athens, and Southeast Asian countries and cities like Hanoi and Cambodia. Earlier this year, IndiGo said it aims to increase international seat capacity and expand its fleet to over 600 aircraft by fiscal 2030. It has also signed a deal with Bengaluru International Airport to develop maintenance, repair and overhaul (MRO) infrastructure to support this growth.
