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China's Travelers Want to Go Abroad. There Aren't Enough Flights.
Description
Hilton makes a rare move by cutting fees for its hotel owners as the market cycle finally turns, JetBlue posted a $247 million loss and its stock jumped 13% anyway, and Chinese outbound travel demand is surging with nowhere near enough flights to meet it.
On today's Skift Daily Briefing, Sarah Dandashy breaks down why Hilton's fee cuts signal a long-overdue shift in the brand-owner relationship, why investors are betting on JetBlue's turnaround plan despite six straight years of losses, and why the next wave of high-spending international travelers is coming from China as soon as the infrastructure can catch up.
Articles Referenced:
Honorable Mention: @AskAConcierge on IG
Hilton Cuts Fees to Rebuild Hotel Owners' Margins as Costs Stay Sticky
JetBlue Is Still Losing Money but Investors Are Buying the Turnaround
China's Outbound Travel Recovery Has a New Problem: Not Enough Planes
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