Latest news with #travelIndustry
Skift
27-05-2025
- Business
- Skift
Announcing GreenShift, a New Podcast About Climate Change and Travel
The podcast where solutions-based journalism cuts through industry spin to spotlight real progress in travel sustainability. Skift has launched a new climate podcast, GreenShift, a show exploring how the global travel industry is responding to the climate crisis. Hosted by Darin Graham, climate reporter at Skift, GreenShift will feature straightforward conversations with leaders across travel and tourism. The podcast dives into the sector's biggest climate challenges, highlights emerging solutions, and reports on the breakthrough technologies that could help reduce greenhouse gas emissions. Listen to the First Episode Recent studies suggest travel is responsible for roughly 9% of global emissions and that share is only expected to grow and travel and tourism is widely seen as the fastest-growing sector in terms of greenhouse gas output. The first season of GreenShift includes interviews with executives from Radisson Hotel Group, Delta Air Lines, Sabre, Travelyst, and more. Each episode unpacks a different climate issue facing the industry, from greener jet fuel, hotel energy efficiency and the direct impacts of more frequent extreme weather. It asks what's working, what's not, and what still needs to happen. Climate regulations are evolving fast, with governments and industry bodies introducing ambitious net-zero targets. Aviation, for example, has committed to reaching net zero by 2050. That means slashing emissions as close to zero as possible and offsetting what's left. But how realistic are these timelines? And are companies actually making progress? GreenShift is here to find out. Subscribe on Apple, Spotify, YouTube, or wherever you get your podcasts. Skift's in-depth reporting on climate issues is made possible through the financial support of Intrepid Travel. This backing allows Skift to bring you high-quality journalism on one of the most important topics facing our planet today. Intrepid is not involved in any decisions made by Skift's editorial team.
Daily Mail
14-05-2025
- Business
- Daily Mail
Holiday giant Tui sees shares dive 10% as summer sales slump amid weaker demand in Europe
Holidays giant Tui has suffered a slowdown in summer bookings due to weaker demand in Europe. Shares in Europe's largest travel agent tumbled 10.9 per cent as boss Sebastian Ebel warned of a 'challenging' year ahead. Tui, which last year abandoned London's stock market for Germany, blamed the 1 per cent drop in summer sales on a later Easter changing customer behaviour. UK bookings were in line with last year, it said, with 64 per cent of the total programme sold so far. Ebel said summer sales would probably reach 2024 levels, adding: 'Europe needs new momentum. 'We must return to an overall economy that is growing. More investment, more freedom – less regulation and less bureaucracy. This will strengthen the economy and consumer behaviour.' Tui losses widened to £174million in the second quarter, from £158.8million a year earlier, but that was less than the £188.5million expected by analysts.
Bloomberg
13-05-2025
- Business
- Bloomberg
The US Is on Track to Lose $12 Billion in Travel Revenue in 2025
The US is on track for a very bad tourism year. According to new data from the World Travel & Tourism Council (WTTC), shared exclusively with Bloomberg, the country is set to lose $12.5 billion in travel revenue in 2025, with visitor spending estimated to fall under $169 billion by year's end. The numbers represent a decline of around 7% in visitor spending year-over-year, and a decline of 22% since tourism reached its peak in the US in 2019.
The Independent
13-05-2025
- Business
- The Independent
This travel hack could make the price of a hotel room cheaper
A surge in solo travellers, particularly those flocking to affordable hostels in Asia, is reshaping the travel industry, according to Hostelworld's CEO Gary Morrison. The industry has historically focused on couples, often overlooking the needs and desires of individual adventurers, he said. The shift is fuelled by a rise in "solo by circumstance" travel, where individuals find themselves alone due to life changes like relocation or relationship breakups, rather than a deliberate choice to travel solo, he said. 'To a large extent, the travel industry has been kind of closed off to solo travellers and it doesn't really cater to them,' Mr Morrison said. 'Every single hotel room is for two people. 'I think, in the longer term, other parts of the travel industry will start catering to solo travellers – which is, to stop charging them for two-person rooms.' Hostelworld, which is a platform for hostels around the world, has been involved in the social side of travel through its chat room app which launched after the Covid pandemic. It works by connecting people who have booked into hostels in a particular destination, allowing them to co-ordinate plans or find like-minded people staying in the same place. Bookings data from the platform show the proportion of solo travellers had risen from 57 per cent in 2021 to 63 per cent in 2024. Furthermore, young female backpackers have become the fastest-growing group, spurred on by increasing opportunities to group up with others or enhanced safety measures including the availability of female-only hostel dormitories. Mr Morrison said the 'vast majority' of European travellers were going to Asia, particularly Thailand, because of the appeal of cheaper hostel rooms and living expenses. He admitted that the shift 'obviously hurts revenues' for Hostelworld, which last month said its average booking values had dropped from €14.36 (£12.26) in 2023 to €13.21 (£11.28) in 2024. Mr Morrison said the company had set its sights on creating the 'world's largest travel network'. It does not make money from people using the chat function, but the engagement is seen as driving bookings as people recommend hostel stays, or even make cheap bookings in order to access the feature.
Yahoo
09-05-2025
- Business
- Yahoo
Air Canada bookings to US decline by 'low teens' on trade tensions, CEO says
MONTREAL (Reuters) -Air Canada is seeing a "low teens" percentage decline in bookings over the next six months for trips across the U.S. border amid trade tensions and a weaker Canadian dollar, the airline's CEO said on Friday. Canada's largest carrier on Thursday lowered its annual adjusted core profit forecast and posted first-quarter revenue below analysts' estimates on softer trans-border traffic. Air Canada previously said its decline in U.S.-bound bookings over the next six months mirrored an industry-wide drop of roughly 10%. "Uncertainty was for sure the main theme during the first quarter," CEO Mike Rousseau told analysts. "We are experiencing booking declines on the trans-border market in the low teens on average over the next six months." Canadians are boycotting U.S.-made goods and cancelling trips south of the border after President Donald Trump's tariffs and his suggestions that Canada should be annexed by the United States. Overall, booking trends remain stable, given Air Canada's diverse network and exposure to international destinations, where demand remains strong. Results were solid in Mexico and the Caribbean as Canadians look for alternative destinations, the carrier said. North American carriers have been trimming flight schedules amid weakening U.S. domestic bookings, scrapping financial forecasts and tightening cost controls — including on rising labor expenses — to safeguard margins. Sign in to access your portfolio
