November 28, 2020 View in browser
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Skift Pro Exclusive

Airbnb Rolled Up $809 Million in Acquisitions in 3 Years on Way to IPO

If Airbnb hasn't already devoted resources anew to HotelTonight and expanding its hotel business, the short-term rental giant assuredly will once it goes public. After all, in addition to Google, Airbnb sees online travel agencies, with their wide breadth of accommodations' offerings, as its most significant set of competitors.

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Keynote Address: Vital Steps to Building a Local-First Tourism Economy
Sponsored by CrowdRiff

A new era of travel is dawning. After mass tourism all but ended during Covid-19, and with the road to recovery ahead, what comes next? Moving into 2021, tourism needs to be about more than just the visitor; it needs to be a harmonious ecosystem that benefits locals and visitors alike.

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Ennismore Founder on Staying ‘Fiercely Independent’ in New Partnership With Accor

Lifestyle brands often lose their appeal when global companies take over. But Accor seems to recognize this in creating a standalone entity with Ennismore to maintain cool factor while building a global reach.

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How the Pandemic Derailed Amtrak From Its Hopeful Path to First-Time Profits

Amtrak had been on track to notch its first operating profit in its 50 years. But the not-so-novel-anymore coronavirus has dashed the hopes of the U.S. national passenger rail system. President-elect Joe Biden is a fan of Amtrak but might have limited options to ride to the rescue.

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Airlines Expected to Lose $119 Billion This Year Versus a $26 Billion Profit in 2019

The International Air Transport Association's numbers are eye-popping. Airlines are expected to report a half trillion (with a "t") less in revenues this year than in 2019. Next year, losses will be smaller, but are still expected to reach almost $40 billion.

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Register Now for the Skift Short-Term Rental & Outdoor Summit 2020

The second annual Skift Short-Term Rental & Outdoor Summit returns on December 9-10. Join us as we discuss the growth potential for both short-term rentals and outdoor travel companies with leaders from Vrbo, Marriott International, G Adventures, KOA, RVshare, Under Canvas, and more. Register now to claim your spot!

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Former Outspoken IAG Chief Willie Walsh Takes Reins of Aviation Group IATA

The global airline industry group gets a new leader as Director General Alexandre de Juniac steps down. Former International Airlines Group CEO Willie Walsh takes the reins of the International Air Transport Association on April 1. It should be interesting.

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Skift Pro Exclusive

Video: Interview With Southwest Airline CEO Gary Kelly at Skift Aviation Forum 🔒

Southwest CEO Gary Kelly is a realist who's been through some tough downturns before. But he is frank about the unique challenges of this pandemic. He's trying to adhere to some basic business school principles on erasing debt and building cash, while preserving long-held Southwest traditions on taking care of its people.

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Editor's Picks
How Virtual Platform Second Life Kept This Small Baltimore Museum Going

Plenty of takeaways for businesses from this ambitious project, including the risks when you embrace the digital lifestyle a little too much.

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Corporate Travel Saw a Rare Bright Spot in the Oil and Gas Industry: Why That’s Now Changing

The energy sector has so far been a safe harbor for many corporate travel agencies during this crisis, but cracks are starting to show.

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U.S. Travelers Flock to Leisure Market Hotels During Thanksgiving Holiday Week

A few leisure markets on track to have higher hotel occupancy rates during Thanksgiving are no reason for the travel industry to celebrate.

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