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Today's Brief
Booking Holdings posts record earnings - The third quarter of 2023 was the third quarter in a row that set records for the company across multiple measures.
Nov 3, 2023 • Hospitality
Expedia reports record revenue amid solid travel demand - While travel demand in North America and Europe remained stable, the Asia-Pacific and Latin America regions experienced more pronounced growth.
Nov 3, 2023 • Hospitality
Sabre reports booking growth as Q3 loss widens - Corporate travel bookings remain about 25% below pre-pandemic levels, the company says.
Nov 3, 2023 • Hospitality
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Marriott's Q3 profit rises on higher room rates, group travel - Demand in Q4 may not be enough to offset higher expenses due to higher staffing levels and lower non-room revenues.
Nov 3, 2023 • Hospitality
Hyatt Q3 corporate demand up as transient, group lines blur - The company's business mix now features a continued blurring of the line between what means group and what means business transient.
Nov 3, 2023 • Travel
New York is too expensive to even visit - The city has cracked down on hotel construction and short-term rentals, with predictable results.
Nov 3, 2023 • Hospitality
McKinsey on what AI means for travel - The travel industry is unquestionably going to be significantly disrupted by AI, according to a new report by McKinsey.
Nov 3, 2023 • Travel
Expedia threatens ‘revolt’ over ads on Google search - The company expressed its strong disapproval of Google‘s recent decision to increase the number of ads on its search results page.
Nov 3, 2023 • Marketing
... in case you missed it, our Daily Brief November 2, 2023
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