Traveling

Wednesday, November 28, 2018

United's Strong Position + Hotels Bullish About 2019 + 5G Meetings Potential

November 29, 2018

Editor's Note

T​en years of consecutive growth, no matter what the industry, is an impressive feat these days. That is what the U.S. hotel business is expected to notch in 2019, according to a new report by CBRE Hotels Americas Research. ​Hotel occupancy is predicted to rise to 66 percent. And despite some year-over-year softness that revealed itself in recent quarterly earnings, hotels can expect to see more growth for probably another year or so, says CBRE — thanks, in part, to money Donald Trump's tax cut put into people's pockets. The other side of the story is that room rates have oscillated so hotels aren't filling up at top prices. But given increasing fears of a global recession, whether founded or not, hotels in the U.S. certainly can't complain about a decade of solid growth, especially when Airbnb came along to shake things up.

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Air France-KLM Launches a Unit to Churn Out Travel Startups

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Most U.S. airports are clunky, publicly run enterprises, and they innovate slowly. Plus, their largest tenants — airlines — can be cheap, and unwilling to pay more than they need to. But a few airports are innovating, and that's good news for passengers.


Plusgrade Nets $150 Million Investment for Auctioning Travel Products

A $150 million investment in Plusgrade may seem like a lot, given the scope of the market for the company's services. But we're not surprised that a business that specializes in drawing out the highest price from bidders in consumer markets would attract this level of funding.

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