Elliott Investment Management, an activist investment firm, has intensified its campaign to revamp the board of Southwest Airlines, signaling significant unrest among shareholders. Having acquired an 11% stake in the company earlier in the year, Elliott has launched a series of accusations against the existing management, notably targeting CEO Bob Jordan and board chairman Gary
In a significant move for luxury travel, Kimpton Hotels & Restaurants is set to unveil its first all-inclusive resort, the Kimpton Tres Rios, in early 2025. Nestled in the scenic Riviera Maya, just a stone’s throw away from the bustling Playa del Carmen, this expansive 326-acre resort promises a unique experience tailored for diverse travelers.
Oktoberfest is more than just a beer festival; it’s a cultural phenomenon that encapsulates centuries of Bavarian tradition, inviting millions to indulge in its revelry each year. Although celebrated in numerous countries, the festival’s heart beats strongest in Munich, its birthplace, where around six million attendees converge annually for 16 days of camaraderie, culinary delights,
Boeing recently intensified its negotiations with the International Association of Machinists and Aerospace Workers (IAMAW) as the company faces a critical moment in its operations. The strike, which has paralyzed the production of aircraft for over a week, represents not just a standoff between labor and management, but also an urgent call for resolution in
In a rapidly changing airline industry, Southwest Airlines finds itself at a crossroads. Responding to mounting pressure from activist investor Elliott Investment Management, the carrier has indicated that it may have to undertake significant restructuring and make “difficult decisions” as it aims to restore profitability. This call for change follows a summer where the airline
Flaviar, a pioneer known for bridging spirits enthusiasts with rare and exceptional alcoholic beverages, has recently expanded its offerings with an innovative subscription service dubbed “Champions of Bourbon.” Coinciding with Bourbon Heritage Month, this initiative represents a significant step for the company, granting both novices and connoisseurs alike the opportunity to explore award-winning bourbons delivered
Traveling offers an array of choices, from traditional destinations to unique hotspots that promise unforgettable experiences. However, a disparity often exists between how American tourists view all-inclusive resorts and European destinations. Hyatt’s Inclusive Collection seeks to bridge this gap, steering U.S. travelers toward an invigorating experience in Europe with a refreshed perspective on luxury accommodations.
The highly anticipated CruiseWorld event is set to take place in the Greater Fort Lauderdale area from November 6 to 8, 2023. Organized by the Northstar Travel Group and backed by Visit Lauderdale, this year’s gathering promises to offer travel advisors an engaging platform for networking, learning, and growth within the cruise and travel industries.
Virgin Voyages is poised to take a significant step in redefining cruise experiences with an extensive upgrade planned for its flagship vessel, the Scarlet Lady. Initially launched in 2021, this innovative cruise ship is scheduled for a drydock refurbishment from November 13 to 28, during which it will undergo remarkable enhancements to its suite offerings
Oyo, the Indian-based hospitality giant that made a significant leap into the U.S. market in 2019, has recently made headlines with its strategic acquisition of G6 Hospitality. Announced on September 20, 2023, this $525 million all-cash deal will see Oyo take ownership of G6, the company behind the well-known Motel 6 and Studio 6 brands.
The labor landscape in the United States is witnessing a significant transformation, particularly within the hospitality sector. Over Labor Day weekend, a wave of strikes erupted, with more than 1,500 hospitality workers in San Francisco leaving their jobs on September 22. This action reflects a growing discontent among hotel employees regarding their working conditions, pay,
Just a month into his role as CEO of Hornblower Group, Mike Flaskey has embarked on a whirlwind journey filled with challenges and opportunities. His appointment comes at a pivotal moment as the company emerges from Chapter 11 bankruptcy after a tumultuous year that included the closure of American Queen Voyages. With fresh ownership under
In a sudden turn of events on a Sunday night, Alaska Airlines faced significant operational hurdles at Seattle-Tacoma International Airport, leading to the temporary grounding of its flights. This disruption was attributed to a serious technological issue, details of which remained vague even after it was resolved around 10 p.m. local time. As the airline
As the anticipation builds for the Four Seasons Yachts debuting in the Mediterranean in 2026, it’s easy to overlook an extraordinary floating gem that has been operating in exotic waters for over two decades. The Four Seasons Explorer, a luxurious catamaran, has been transporting guests through breathtaking landscapes and underwater wonderlands, first in the Maldives
The ongoing machinist strike at Boeing, a titan in the aerospace industry, has underscored a crucial dilemma facing both employees and management. The unfolding conflict spotlights not only the struggles of labor for fair wages but also the existential challenges confronting a company with a checkered financial history and an increasingly competitive labor market. With
As the airline industry continues to recover from the disruptions caused by the pandemic, significant changes have emerged across various carriers in the United States. A series of announcements in recent months from Southwest, Alaska, Spirit, Frontier, Delta, and JetBlue hint at a turbulent transformation in the way airlines structure their seating arrangements and pricing
The recent launch of Viking’s English-speaking ocean cruise service aboard the Yi Dun marks a significant moment in the cruise industry, particularly as it ventures into the nuanced and complex market of China. This inaugural sailing in mid-September traversed the scenic landscapes from Shanghai to Shenzhen, making notable stops at enchanting ports such as Zhoushan,
As travel continues to evolve in the post-pandemic world, popular destinations often find themselves grappling with the dual-edged sword of increased tourism. One such location that has drawn significant attention is Croatia. A friend recently inquired about whether Croatia is still a worthwhile destination despite the rising number of visitors. My answer was a resolute
