Skift Daily Briefing

Marriott’s Push to Add Midscale Hotels


Listen Later

Ask Skift Is the AI Chatbot for the Travel Industry: Ask Skift Your Questions

Episode Notes

The solid performance of Marriott’s premium hotels drove the world’s largest hotel company to a strong second quarter. And now, Marriott is looking to add midscale hotels to its portfolio, reports Senior Hospitality Editor Sean O’Neill.

O’Neill writes one reason Marriott has raised its 2023 outlook for profitability was that its hotels are mostly premium or above. He adds that travelers able to afford Marriott stays were largely sheltered from the economic concerns hitting the general population. Marriott’s revenue per available room — a key hotel industry figure — rose roughly 13% in the second quarter from last year. 

Marriott has also taken steps to boost its number of midscale hotels, with CEO Anthony Capuano indicating that Marriott would make a midscale push in Europe. O’Neill writes one factor driving Marriott’s interest in the sector is that midscale properties are popular with developers, investors and owners. Midscale hotels tend to be fancier than economy hotels while still being considered affordable. 

Next, the Biden administration has repeatedly taken aim at so-called junk fees, charges that aren’t disclosed to consumers upfront. So what should the travel companies do? Give in. That’s the message from Skift CEO and founder Rafat Ali in an open letter to the travel industry. 

Ali argues that companies need to acknowledge that it’s a real issue and tackle it head on and. In most cases, that will mean being more transparent. In some cases, getting rid of certain fees. Ali adds that there’s bipartisan agreement in Washington, D.C. on the cracking down on junk fees and that consumer sentiment is 100% with it. 

Finally, India’s newest carrier Akasa Air has added an 20th aircraft to its fleet, making it eligible to fly internationally, writes Middle East and Asia Reporter Amrita Ghosh.

Akasa Air CEO and founder Vinay Dube hailed the milestone as a major sign of the potential of India’s aviation industry. Ghosh notes that Indian regulations require airlines to have at least 20 aircraft in their fleet to be eligible for international operations. Dube has said Akasa Air, which launched last year, is looking to fly to the Middle East, Southeast Asia and Eastern Africa among other regions. 



...more
View all episodesView all episodes
Download on the App Store

Skift Daily BriefingBy Skift

  • 3.9
  • 3.9
  • 3.9
  • 3.9
  • 3.9

3.9

35 ratings


More shows like Skift Daily Briefing

View all
TED Radio Hour by NPR

TED Radio Hour

21,954 Listeners

NPR News Now by NPR

NPR News Now

14,681 Listeners

WSJ Your Money Briefing by The Wall Street Journal

WSJ Your Money Briefing

1,713 Listeners

WSJ What’s News by The Wall Street Journal

WSJ What’s News

4,420 Listeners

Travel with Amateur Traveler Podcast by Chris Christensen

Travel with Amateur Traveler Podcast

43 Listeners

The Skift Travel Podcast by Skift

The Skift Travel Podcast

40 Listeners

WSJ Tech News Briefing by The Wall Street Journal

WSJ Tech News Briefing

1,649 Listeners

Airline Weekly Lounge by Skift

Airline Weekly Lounge

138 Listeners

Make Me Smart by Marketplace

Make Me Smart

5,480 Listeners

WSJ Minute Briefing by The Wall Street Journal

WSJ Minute Briefing

686 Listeners

Slick Talk: The Hospitality Podcast by Skift

Slick Talk: The Hospitality Podcast

71 Listeners

Life Kit: Parenting by NPR

Life Kit: Parenting

635 Listeners

Life Kit by NPR

Life Kit

4,807 Listeners

The Journal. by The Wall Street Journal & Spotify Studios

The Journal.

6,097 Listeners

Airlines Confidential Podcast by Scott McCartney

Airlines Confidential Podcast

140 Listeners

Good Morning Hospitality by Skift

Good Morning Hospitality

11 Listeners

The Air Show by Shayr Media

The Air Show

222 Listeners

Suite Success: Masters of Hospitality by Skift

Suite Success: Masters of Hospitality

77 Listeners

Daily Departure by Skift

Daily Departure

0 Listeners

GreenShift by Skift

GreenShift

0 Listeners