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October Inflation Report Price Rises Expected to Cool
  + stars: | 2023-11-14 | by ( Jeanna Smialek | ) www.nytimes.com   time to read: +7 min
Airlines lower their fares when they are trying to get more people to book tickets as demand is slowing or they are facing stiffer competition. Early this month, the average price for a domestic flight around Thanksgiving was down about 9 percent from a year ago. But some airlines say demand is slowing outside of holiday and other peak travel periods. Image Thanksgiving this year is expected to set a record for air travel, with nearly 30 million passengers anticipated. If travel demand is dropping, in some ways that’s an even bigger win for people who are never going to give up on travel.”
Persons: Denise Diorio, “ I’ve, ’ ”, Diorio, Hopper, , Kyle Potter, Potter, Stefani Reynolds, John Grant, “ We’re, , ” Barry Biffle, Steve Hafner, that’s Organizations: Airlines, Airlines for America, Credit, The New York Times, U.S, JetBlue Airways, Spirit Airlines, Frontier Airlines, Miami, Analysts Locations: Tampa , Fla, Chicago, New York, Paris, Europe, Caribbean, Denver, Orlando, Fla, Los Angeles, East, Ukraine
The 6 p.m. reservation is now the "most prized table" in New York, per restaurateur Danny Meyer. Meyer offered three theories for the change, including the social isolation of remote work. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "When did a 6:00 dinner reservation become the new 8:00, most prized table of the night — and will it last?" celebrated restaurateur Danny Meyer asked in a Wednesday post on X, the social media network formerly known as Twitter.
Persons: Danny Meyer, Meyer, Steve Hafner, It's, Roni Mazumdar Organizations: Shake, Service, Twitter, New York Times Magazine, Wall, Square Hospitality, Gramercy Locations: New York, Wall, Silicon
Dec 12 (Reuters) - Travel website KAYAK, owned by Booking Holdings Inc (BKNG.O), said domestic searches for hotels within China surged last week, after the country loosened its COVID-19-related restrictions. KAYAK on Friday said searches for hotels jumped more than 100% over the past two days compared to last year and over 50% compared to 2019, in a market where travel companies have struggled with Beijing's zero-COVID policy. "I anticipate the world's second biggest travel market will fully reopen soon after almost three years," said KAYAK Chief Executive Steve Hafner in a statement. Searches on other travel platforms such as Trip.com also surged last week as the public cheered China's easing travel curbs. Reporting by Nathan Gomes in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
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