April 11, 2020 View in browser
Top Stories
Carnival Sells 8 Percent Stake to Saudis After Dire Financial Warning

Carnival is facing two unprecedented crises: Lost revenue from the complete cessation of its cruising operations and an optics nightmare that puts the future of cruising's popularity in genuine doubt.

Read More
Skift Online Summit for Startups and Investors on April 14

Join us for our second online summit — Travel's Path Forward: Startups and Investors on April 14. The event will feature Skift editors in conversation with leaders in the industry to dive into the key challenges, crisis management, and solutions needed for the travel startup ecosystem. Registration is open, so book now!

Booking Holdings Lays Out an Ominous Financial Outlook

If the impact of coronavirus gets worse, and if the company doesn't tap any additional borrowings, Booking Holdings probably has enough money to pays its obligations until the second half of 2021 — but it can't guarantee that will be the case. This has potential chilling implications for weaker competitors, let alone tens of thousands of smaller businesses that will likely be long gone by then.

Read More

Here's What Will Happen Next to Corporate Airfares

In most cases it's too soon to lock in future rates. But for those with creative minds, there are gains to be made in figuring out what might happen next.

Read More

Economy Extended Stay Is the Strongest of the Weak U.S. Hotel Sector in March

U.S. economy extended stay hotels continue to see relatively strong performance levels during the coronavirus downturn, while offering rooms for emergency services could maintain numbers from dipping as the crisis continues.

Read More
Celebrate the Big Ideas Defining the Future of Travel

Now more than ever, the travel industry needs to rethink, reenvision, and redesign what the future will look like. The Skift IDEA Awards (Innovation, Design + Experience Awards) shines a spotlight on bold ideas, smart brand initiatives, and courageous leaders driving the industry forward.

U.S. Relief Package Fails Larger Corporate Travel Agencies: Travel and Transport CEO

Kevin O'Malley has joined forces with the biggest agencies in a new lobbying group, but with the virus escalating, it's not guaranteed they'll be able to bend the ear of Washington.

Read More

Airbnb’s Valuation Almost Halved to $18 Billion

Love it or hate it, you can hardly blame Airbnb for a deflated valuation, although not all of the plunge is coronavirus-related. The pain that is infecting travel and other companies at this moment is boundless.

Read More
Editor's Picks
Tourism Marketing’s Fight for Survival Offers a Chance for Reinvention

There is simply no historical precedent for what the tourism marketing industry is currently going through. Some argue that makes it a perfect time for the industry to reinvent itself.

Read More

The Bull Case for Airbnb’s Future From Here On

Airbnb opened up the mainstream travelers to a whole new way to travel. That is an achievement no one can take away from them. Even in these bad times, it has a chance to build out its bigger promise here.

Read More

Leisure Travel Comes Back First as Drive-To Rather than Fly-To: Pebblebrook Hotel Trust CEO

It's hard to expect a V-shaped rebound for the hotel industry, but improvements to coronavirus testing could accelerate the L-shaped recovery, anticipates Jon Bortz, the CEO of a large hotel ownership group.

Read More
Share on Twitter Share on Facebook Share on Linked In Send via Email

For Gmail users: If you are using the tabbed inbox, Skift emails may be pushed to the 'Promotions' tab. To get updates from Skift direct to your primary inbox, drag and drop this email to that tab.

You received this email because you are subscribed to Skift Weekly Review Newsletter from Skift.

If you'd like to unsubscribe from this email, click here

If you'd like to receive fewer emails, click here

If someone shared this email with you and you would like to subscribe, visit our newsletters page on Skift