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Was it the Parisians who bluntly told travelers "do not come" to Paris during the Summer Games? London, Athens and Atlanta all saw a drop in summer visitors when they hosted the Summer Games, said Grant. Empty Airbnbs and unsold ticketsHotels, too, are feeling the pinch of Paris' summer slowdown, with occupancy rates expected to drop to 60% in early July, down some 10 points from 2023, according to Paris' tourism board. Airbnb also said "domestic interest" for stays during the Games has never been higher than in the weeks leading up to Paris Games. 'The Olympics is too broad'Last-minute travelers can still snag tickets to the Paris Games.

Persons: —, John Grant, Grant, Rather, They've, OAG's John Grant, Jakub Porzycki, Airbnb Organizations: Olympic Games, France, Summer, Ryanair, Nurphoto, Olympic, Games, Notre Dame, CNBC, Paris Games, Paris, Financial Times Locations: Paris, London, Athens, Atlanta, Delta, Europe, North America, Oceania, Lille

☆ Gen Z and millennials are going into debt to travel this summer. Remote working may be partly to blame.
▼ + stars: | 2024-07-01 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

A Forbes Advisor survey of 1,000 Americans who plan to travel in 2024 showed the post-pandemic "revenge travel" boom is in full force, despite rising inflation. The stats weren't surprising to Thomas, who told BI that this new trend could be partly attributed to the rise of remote work. Revenge travel and other loansIt's not just remote and hybrid working that may have contributed to a rise in travel spending. Travel experts previously told BI they had noticed an uptick in clients opting for luxury air travel experiences, from private jets to first-class and premium-class plane tickets. Thomas and financial expert Julie Beckham told BI that young people are likely to be influenced by peers who are showcasing their travel experiences online.

Persons: —, millennials, Zers, Credit Karma, Johannes Thomas, Thomas, Ivan Saprov, Saprov, Oliver Bell, Julie Beckham, Beckham Organizations: Service, Forbes, Business, Credit, Bank of America, BI, KPMG US, Financial Education Development, Rockland Trust Locations: Rockland

☆ Economic boost from Taylor Swift's Eras Tour could be overstated, Nomura warns
▼ + stars: | 2024-02-23 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The devil's in the details, but local economies have a friend in Taylor Swift. Her tour undoubtedly helped the local economies she visited, according to a new report out from Japanese investment bank Nomura. From that, the consumer price index for the Illinois city increased 0.5 percentage points from the singer's visit alone. Internationally, small economies such as Singapore and Sweden could see the biggest macro boosts from her tour, according to Toh. Swift's tour is set to conclude near the end of 2024.

Persons: Taylor Swift, Nomura, Si Ying Toh, Toh Organizations: Federal Reserve, Wall, Nomura, Disney, CNBC PRO Locations: American, Chicago, U.S, Illinois, Japan, Singapore, Sweden

Just because a deal is good doesn't mean it's the best deal — be sure to comparison shop. Look closely at travel package dealsOne of the most popular travel deals that often pop up around the holiday season are full travel packages. "Just because a package travel deal is advertised as the best deal offered, it might not be true," she says. Myers cautions me against that habit, because I might not end up with a good travel deal. Travel expert Nadia Podrabinek emphasizes the importance of making sure a travel deal offers value for the money and not just a reduced price tag.

Persons: they're, —, isn't, Lindsay Myers, There's, Myers, Nadia Podrabinek Organizations: Service, Black

☆ Gloomy Spirit, Expedia reports drag travel stocks lower on demand slowdown fears
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

A Spirit Airlines jet taxis from Newark Liberty International Airport in Newark, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoAug 3 (Reuters) - U.S. travel stocks fell in early trading on Thursday following downbeat quarterly reports from Spirit Airlines (SAVE.N) and Expedia (EXPE.O) that amplified concerns domestic demand may be easing after a strong rebound from pandemic lows. Spirit, which mainly operates on domestic routes, also forecast weaker-than-expected revenue for the third quarter, with Citi analysts citing the effect from travel demand shifting to international from domestic. Adding to the gloom, online travel firm Expedia Inc (EXPE.O) reported smaller-than-expected bookings for the second quarter, even as it said travel demand remained "strong." "We believe this is further evidence of softening in U.S. travel demand trends while international growth continues to outperform," Wedbush analyst Scott Devitt said in a note.

Persons: Chris Helgren, Gross, Scott Devitt, airfares, Priyamvada, Kannaki, Pratyush Thakur, Sriraj Organizations: Spirit Airlines, Newark Liberty International Airport, REUTERS, Citi, Southwest Airlines, Alaska Air, Delta Air Lines, United Airlines, American Airlines, Expedia Inc, Thomson Locations: Newark , New Jersey, U.S, Southwest, Bengaluru

☆ What could be next for travel stocks as artificial intelligence grows
▼ + stars: | 2023-06-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Best positioned to harness AI Some big travel industry names have already begun experimenting with AI. Wasiolek noted that the company operates as a hybrid online travel agency and metasearch model, while Booking, Expedia and Airbnb , among others, serve as online travel agencies. "The difference is the barriers to entry are higher for online travel agencies because these operators control and manage the relationships with travel suppliers on their platform, while metasearch is simply a platform that hosts online travel agency managed content and content directly from travel suppliers," Wasiolek explained. These platforms represent more direct competition to Tripadvisor than online travel agencies. But success in travel from Google could also pose problems for online travel agencies.

Persons: Wall Street's, Nick Jones, Expedia, Redburn, Alex Brignall, JMP's Jones, Dan Wasiolek, Wasiolek, metasearch, Redburn's Brignall, CNBC's, it's, Michael Bloom Organizations: JMP Securities, ChatGPT, Equity, Google, Holdings, Morningstar

☆ Cheaper hotels, shorter trips: Trivago CEO on how inflation is reshaping travel
▼ + stars: | 2023-02-14 | by ( Julia Horowitz | ) edition.cnn.com time to read: +3 min

But as inflation has jumped, many tourists are hunting for ways to keep costs down, from opting for shorter trips to steering clear of higher-end hotels. “You have real wage contractions in quite a lot of markets,” Axel Hefer, CEO of search platform Trivago, told CNN. Meanwhile, domestic travel remains strong in countries like the United Kingdom, which has seen big swings in the pound in recent months. “People still do want to travel and do travel, but they’re still trying to compensate for the increase in prices,” Hefer said. For now, bookings for air travel still lag pre-pandemic levels.

☆ There's strong demand for travel, but people are comparing prices more, says Trivago CEO
▼ + stars: | 2023-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's strong demand for travel, but people are comparing prices more, says Trivago CEOAxel Hefer, CEO of Trivago, discusses the outlook for travel in 2023.

☆ Scientists can spike startup bets in Planet A's new $172 million climate tech fund even if they have a good business case. Check out the 20-slide LP deck it used to raise the fresh cash.
▼ + stars: | 2023-02-08 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

German VC Planet A has just closed its first 160 million euros (around $172 million) fund. Planet A, a European venture capital firm, has just closed its inaugural 160 million euros (around $172 million) fund to back startups doing just that. Founded in 2020, Planet A is looking for market-ready tech startups with significant impact potential in climate change mitigation, waste reduction, resource savings, and biodiversity protection. The early-stage investor will write checks of between 500,000 euros to 3 million euros to startups in Europe, the UK, and Israel. The Planet A team intended to raise 100 million euros, Detzner said, so the fund was oversubscribed.

Organizations: & $

☆ Earnings and Fed Chair Powell will again drive markets in the week ahead
▼ + stars: | 2023-02-03 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

With few economic releases and the earnings season starting to wind down, an appearance by Federal Reserve Chairman Jerome Powell Tuesday could be among the newsiest events for markets in the week ahead. The Fed chair is speaking at the Economic Club of Washington D.C. at midday Tuesday. If he wanted to walk back anything, he could have done it then," said Art Hogan, chief market strategist at B. Riley. Economists said Friday's surprisingly strong jobs report should encourage the Fed to push forward with planned rate hikes. Earnings, earnings, earnings But there continues to be earnings news.

☆ Trivago CEO discusses the travel outlook for 2023
▼ + stars: | 2022-12-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrivago CEO discusses the travel outlook for 2023Axel Hefer, CEO of Trivago, discusses the factors that could affect the travel industry, such as changes to China's zero-Covid policy and the Russia-Ukraine war.

☆ Inflation bringing costumers to compare prices more, Trivago CEO says
▼ + stars: | 2022-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation bringing costumers to compare prices more, Trivago CEO saysAxel Hefer, CEO of Trivago, discusses company earnings, the strong demand for summer travels after two years of pandemic and how inflation has hit the travel industry.

☆ Expedia Poaches CFO From Home-Retailer Williams-Sonoma
▼ + stars: | 2022-09-14 | by ( Mark Maurer | ) www.wsj.com time to read: +3 min

Expedia Group Inc. hired a new finance chief, a move that comes as the online travel company works to build out its direct-to-consumer offering. He also plans to stay on as chair of the supervisory board of directors of Trivago N.V. , which is majority-owned by Expedia Group, the company said. Photo: Expedia Group Inc.Ms. Whalen most recently served as CFO at San Francisco-based home-products retailer Williams-Sonoma Inc., a role she has held since 2012. Also on Wednesday, Williams-Sonoma named Jeff Howie, the company’s executive vice president and chief administrative officer, as Ms. Whalen’s successor. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.

☆ Cea mai bine plătită stagiere în Chișinău pe timp de vară
▼ + stars: | 2021-05-11 | by ( Onixmedia Srl | ) diez.md time to read: +5 min

XY va investi câte 10.000$ în 5 echipe talentate care vor dori să dezvolte un startup. Dumitru te va ajuta să îți planifici infrastructura tehnică, să creezi primul MVP și să le testezi. Alex te va ajuta sa construiesti un nume în jurul produsului tău, te va ghida de la primul press release până la crearea strategiei de marketing. Olga va fi alături de tine în lumea numerelor, te va ajuta sa contabilizezi cheltuieli și să faci proiecții de vânzări. În fiecare zi de luni vom crea planul de activități și vom evalua performanța anterioară.

Persons: Traian, Dumitru, Alex, Olga, Alexandru, Vei, Teleportravel, Diana Ivanov, Anastasia, Graur Organizations: $, Facebook, Google Locations: Chișinău, Moldova, Trivago

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