In a recent estimate provided by IATA, airlines worldwide are expected to achieve a record revenue of $996 billion in 2024. This projection, while seemingly promising, comes with its own set of challenges. With expenses also on the rise, reaching $936 billion, the airline industry is left with a net profit margin of 3.1%. While
Viking, one of the largest and fastest-growing ocean and river cruise lines, recently went public and provided a glimpse into its booking statistics during its first earnings call. The company revealed that like the other big players in the cruise industry, its bookings are soaring. According to Viking’s Q1 earnings call, an impressive 91% of
Carnival Corp. recently announced the retirement of the P&O Cruises Australia brand, with Carnival Cruise Line set to absorb its assets. This move will see the rebranding and operation of the Pacific Encounter and Pacific Adventure ships by Carnival Cruise Line, while the Pacific Explorer will exit the fleet in February. The decision to have
The landscape of the hospitality industry is evolving, with a noticeable shift in demand from leisure travelers to business travelers and groups. According to CEOs at the NYU International Hospitality Industry Investment Conference, there has been a significant surge in demand from these segments, compensating for the potential cooling of the leisure travel market. Hyatt
The Mirage Hotel & Casino, founded by Steve Wynn in 1989, marked a significant shift in the Las Vegas hospitality industry. The property’s overall design, free attractions, and meticulous attention to detail set a new standard on the famous Las Vegas Strip. According to Aaron Berger, the executive director of the Neon Museum, the Mirage
Sammy Hagar, the iconic rock ‘n’ roll legend, has brought his Baja beach vibe to life with the opening of Sammy’s Island at the Palms Casino Resort in Las Vegas just in time for summer. This tropical oasis promises to transform the Palms Pool into a vibrant and summer-inspired escape for guests of all ages.
The earthquake that struck Taiwan on April 3 left a trail of destruction in its wake, particularly affecting the picturesque Hualien County. Many business owners, like Chen Rei-jia, were caught off guard by the intensity of the 7.4 magnitude quake, which was the strongest the island had experienced in 25 years. The aftermath of the
Many Americans find it challenging to prioritize taking vacation time, even though the majority of workers consider it extremely important. Research has shown that 46% of workers in the United States do not fully utilize the vacation days available to them. This reluctance to take time off can have detrimental effects on overall wellbeing, as
London is known for its diverse food scene, with unique dining experiences around every corner. One standout restaurant that has been making waves is ‘Paradise 2.0’, a revamped Sri Lankan eatery that offers a six-course tasting menu like no other. Headed by Dom Fernando and Chef Alfie Bahnan, this restaurant takes traditional dishes and gives
Chateau de Villette stands as a testament to French architectural magnificence, dating back to the late 17th century. Designed with the assistance of Jules Hardouin-Mansart and Andre Le Notre, renowned for their work on the Palace of Versailles, this chateau is not just a building but a journey through time. The chateau boasts seven suites
The International Air Transport Association has recently raised its profit forecast for the airline industry in 2024 to a record high of $996 billion, representing a 9.7% jump from the previous year. This positive outlook is driven by an anticipated increase in the number of air travelers, reaching a record five billion in 2024. Despite
After a year of record-breaking cruise visitors in Alaska, industry experts are anticipating a relatively flat summer season in terms of cruise traffic. While this may seem like a cause for concern for some, members of the industry suggest that this stability could actually lead to a better experience for both tourists and locals alike.
Universal Orlando Resort is gearing up to unveil its biggest project to date, Epic Universe, set to open in 2025. However, before that grand opening, the resort has a variety of new products and enhancements in store for visitors, starting as soon as this summer. One of the major highlights is the introduction of DreamWorks
Traveling is often seen as a pursuit reserved for singles or couples without kids, with the common misconception that having children means giving up on exploring the world. However, for the Singaporean couple Carol Tan and Rakcent Wong, this age-old advice only fueled their determination to prove the naysayers wrong. Carol, 36, and Rakcent, 35,
SBE’s newest venture, the HQ brand, is making its debut in the urban setting of Detroit and the picturesque town of Montreux, Switzerland. Both locations will see the transformation of historic landmarks into the flagship HQ hotels, offering a unique blend of luxury and accessibility. The HQ Montreux Experience The HQ Montreux Hotel & Spa,
United Airlines CEO Scott Kirby has expressed skepticism regarding the recent changes in the merchandising model of Frontier Airlines. Kirby believes that the new approach is doomed to fail, and he warns that Spirit Airlines could face the same fate if it follows a similar path. Kirby criticized Frontier for moving away from its traditional
Sustainable aviation fuel production is projected to triple this year, but this still only represents a small fraction – 0.5% – of the aviation industry’s fuel needs. In order to achieve the goal of net-zero emissions by 2050, production would need to increase by a thousand-fold. IATA’s chief economist, Marie Owens Thomsen, emphasized the magnitude
Barbados is known for its many all-inclusive resorts, but the O2 Beach Club and Spa takes the concept of luxury to a whole new level. Situated on the South Coast of Barbados, this resort is a haven for those looking to experience the best that the island has to offer. From dining to drinks, everything