Travel & leisure industry Financial Times
We continuously refine our management systems and international operational capacity, for the benefit of our clients and our business processes. The fight for tourist dollars is heating up as people embark on post-Covid travel, and while Hong Kong is a more exciting destination than Singapore, it isn’t as welcoming. We are excited about our future, and are proud to be a part of a thriving travel business that is committed to ongoing innovation, growth, and strategies that benefit our customers and stakeholders. As we shared in January when we announced the acquisition of the iconic Travel + Leisure brand, Travel + Leisure Co. will be supported by three branded business lines.
- Skift reported that Meredith Corp. posted a $289 million loss in the third quarter of 2020.
- In 2017, suitcase brand Away launched its own print and digital travel magazine, Here.
- Our Altmont Active Lightweight bags are super comfortable and feature gear loops and handy cords, while our adventuresome Touring 2.0 range will withstand the rigors of modern life.
- Harvest believes that prior to the pandemic, global travel growth had structural long-term drivers and, in the shorter term, these companies stand to benefit from a resumption in travel following global shutdowns.
Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Early Metrics helps corporates to find, evaluate and leverage those new travel and leisure innovations to ensure a smooth transition in response to the latest industry trends. The sharing economy will also play an important role in giving authenticity to those immersive experiences. For instance, helping travellers to find accommodations that are owned by locals who can offer tours and tips.
KSL Capital Partners has no control over or responsibility for other websites that may be accessible from this website, the contents thereof, their security or privacy policies, or any products/services that may be offered by them. If you access any third party website through this website or because it is referred to in this website, you do so at your own risk. Links to or from this website do not constitute an endorsement by KSL of the parties or businesses which are so linked, nor do they necessarily indicate any affiliation between us and such parties or businesses. It is not just the airlines, hotels and car-hire companies that are affected by border closures and unfavourable market conditions. There are a lot of businesses relying on the same consumers, and their need for investment support is often overlooked.
Wyndham Destinations, which operates hundreds of timeshare resorts, acquired Travel + Leisure magazine from media company Meredith Corp. for $100 million, The Wall Street Journal reported last night. Collectively, the company — which will change its name to Travel + Leisure Co. early this year — will now have resort, lifestyle and travel club brands. Meredith will continue to publish the magazine under a 30-year licensing agreement. Demand in the leisure travel industry Travel & Leasuire is dependent upon personal income and the overall state of the economy. “As travel continues to rebound and people look for new trip ideas and inspiration, I’m thrilled to share this incredible resource of our readers’ favorite places and companies,” said Travel + Leisure Editor in Chief Jacqui Gifford. Travel + Leisure each year asks readers to rate their travel experiences based on things to do, sights to see, natural attractions, food, overall value and more.
In the travel industry, Liberty TripAdvisor LTRPA jumped 13.5% while Park Hotels & Resorts PK, TripAdvisor TRIP, and Marriott International MAR gained 12.9%, 9.1% and 7.9%, respectively. Further, the five airlines in the S&P 500 Index rose at least 7.5% with American Airlines AAL and United Airlines UAL leading the way higher, jumping 16% and 14.6%, respectively. Certain links, including links to portfolio company websites, are provided on this website. These links are provided as a convenience and do not imply KSL Capital Partners’ sponsorship or approval of any of these websites or their content.
Annual
Across industries, executives have begun reassessing their strategies and repositioning their companies to thrive now and in the world beyond coronavirus. I truly enjoyed a lovely holiday in Maldives and it was mezmerising. Learning Discover courses and other experiences that bring out what’s best in you, the people around you and your entire organization. Ensuring that Travel & Tourism has a positive impact on the natural environment is a complex and growing priority in the industry. Amid developing regulatory requirements and an increasing focus on sustainability by consumers, setting ESG targets and building the capabilities to track and report performance are important—and often overlooked—value levers.
As travel markets adapt to a ‘new normal,’ a robust portfolio review is necessary in order to optimise operations, sharpen focus on core activities, and consider divestment or retrenchment in others. For those companies with funding, it may be the right time to pick up distressed assets. Do not book your bus/coach rides here if you want to have no option of choosing seats for the corresponding tickets you bought. Seats are assigned randomly after system confirmation and you cannot change after.