Skift Take
Today’s edition of Skift’s daily podcast examines Delta’s earnings report, Wyndham’s efforts to support black hotel owners and new research on traveler loyalty.
Hello from Skift. Today is Thursday, July 14 in New York. Read also : You might want to reconsider your summer travel plans. Here’s why.. Here’s what you need to know about the travel industry today.
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Episode Notes
Delta Air Lines is confident of a robust recovery in business travel this fall whether or not the United States experiences an economic recession, reports Edward Russell, editor of Airline Weekly, a Skift brand. This may interest you : US dollars will now go further to the European vacation.
CEO Ed Bastian expressed optimism during his second-quarter earnings call on Wednesday that the company would see pent-up travel demand continue beyond the busy summer season. Delta President Glen Hauenstein also shared Bastian’s confidence, citing a survey of his corporate customers who indicated they plan to increase business travel in September. Hauenstein added that a recent global business travel survey from Morgan found that business travel could return to 84% of pre-Covid levels in the second half of 2022. That figure would represent a jump of 20 percentage points from that recorded in the second quarter.
Regarding a possible recession, Bastian said Delta has not yet seen a significant decline in demand for leisure or business travel. The Atlanta-based carrier posted a second-quarter profit of $735 million, its first net profit in the pandemic era without the benefit of government assistance.
We now move on to the Wyndham Hotel & The new resort plan to increase the number of black hotel owners. The world’s largest hotel franchisor has unveiled a program that aims to help black entrepreneurs overcome common barriers to hotel ownership, reports Sean O’Neill, hotel editor.
Wyndham announced the launch of its new program — Black Owners and Lodging Developers, or BOLD — on Wednesday at the National Association of Black Hotel Owners, Operators and Developers’ annual conference. BOLD will provide selected participants with, among other benefits, introductions to lenders and brokers, mentorship and discounts with preferred vendors. Andy Ingraham, the association’s president and CEO, said the program would address the barriers future black hoteliers face on a case-by-case basis instead of taking a cookie-cutter approach.
Ingraham added that Wyndham is the first major hotel group to take significant steps to boost black hotel ownership. Less than 2% of American hoteliers are black, according to a survey by the Ingraham Group.
Finally, while the travel industry has been successful in developing loyalty programs, it has lost a lot of revenue by largely failing to convert them into paid subscriptions. So research analyst Seth Borko offers travel agencies looking to build robust subscription models six lessons in Skift Research’s latest report.
The report, Subscriptions and Memberships in Travel 2022, explains why the large-scale fusion of work, travel and personal life presents a great opportunity for travel agencies to launch paid subscription models. Borko writes that travel agencies need to create more subscription models as they allow businesses to grow at an exponential rate, adding that subscriptions are ubiquitous in almost every industry other than travel.
The report also includes case studies of three tour operators that have implemented subscription models: online travel agency eDreams Odigeo, hotel brand Selina and luxury vacation rental company Inspirato.
Attempting to quickly create a national system, Pan Am acquired Miami-based National Airlines in 1980. After selling off most of its international routes to raise operating funds, Pan Am went bankrupt in December 1991.
What airlines does Delta own part of?
Delta and LATAM unite the major airlines of North and South America. Learn more about Americas Leading Partnership. To see also : Supply Chain Current Time: Food Shortages and Harvest Problems Ukraine. Delta and WestJet are committed to being the partner of choice for cross-border travel between Canada and the United States. Learn more.
What airline group does Delta belong to? Delta is a member of the SkyTeam airline alliance, which includes more than a dozen airlines worldwide. You can earn and redeem miles when you fly with a SkyTeam airline. SkyTeam serves 1,150 destinations and reaches virtually every region of the globe, with flights landing on six continents.
What company owns Delta Air Lines?
Delta Air Lines Inc (NYSE: DAL) Institutional investors hold a controlling interest in DAL through the 66.22% of outstanding shares they control. This interest is also higher than in almost any other company in the airline industry.
What other airlines does Delta own?
The airline, along with its regional subsidiaries and affiliates, including Delta Connection, operates more than 5,400 flights daily and serves 325 destinations in 52 countries on six continents….
- Delta Private Jets.
- Endeavor Air.
- LATAM Airlines (20%)
- Virgin Atlantic (49%)
Does Delta Own China Eastern Airlines?
Delta Airlines Inc (NYSE:DAL) has acquired a small but politically significant 3.55% stake in China Eastern Airlines for $450 million, strengthening ties between the United States and China. Delta has gone global in terms of interests and destinations.
Which airlines are Chinese owned?
Is Delta a partner with China?
SkyMiles members traveling with China Southern will continue to earn miles only on the following flights: marketed by China Southern/operated by China Southern. Marketed by Delta / Operated by China Southern. Marketed in South China / operated by Delta.
How much of Delta Airlines does China own?
The deal will include a $450 million investment by Delta to acquire a 3.55% stake in China Eastern.
Who is part of SkyTeam?
The 20 member airlines of SkyTeam are Aeroflot, Aerolíneas Argentinas, Aeromexico, Air Europa, Air France, Alitalia, China Airlines, China Eastern, China Southern, Czech Airlines, Delta Air Lines, Garuda Indonesia, Kenya Airways, KLM, Korean Air, Middle East Airlines, Saudia, TAROM, Vietnam Airlines, and …
Which airlines are part of Star Alliance? Air Canada, Air India, Air France, Alitalia, Austrian Airlines, Brussels Airlines, KLM, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Singapore Airlines, Swiss International Airlines, TAP Portugal, Turkish Airlines and United Airlines.
What airlines are member of SkyTeam?
SkyTeam member airlines
- Aerolineas Argentinas.
- Aeroméxico.
- AirEurope.
- Air France.
- China Airlines.
- Eastern China.
- Czech Airlines.
- Delta Airlines.
Does Delta own Aeromexico?
Despite the challenges, the alliance is stronger Prior to the COVID-19 pandemic, Delta owned 49% of Aeromexico, its largest investment in an airline in the world. However, due to Aeromexico’s Chapter 11 bankruptcy process in the United States, Delta’s ownership was significantly diluted.
Can I use Aeromexico Points on Delta? Remember that Aeromexico is a member of the SkyTeam alliance, which includes partners such as Delta Air Lines, Korean Air and Air France. As such, you can use your Aeromexico miles for business or economy travel with any of its partners.
What percentage of Aeromexico does Delta own?
Delta and Aeromexico have been joint venture partners since 2017. Delta also owns 49% of Aeromexico but took a $770 million charge on its investment last year after the carrier filed for Chapter 11 bankruptcy.
What airlines are owned by Delta?
The airline, along with its regional subsidiaries and affiliates, including Delta Connection, operates more than 5,400 flights daily and serves 325 destinations in 52 countries on six continents….
- Delta Private Jets.
- Endeavor Air.
- LATAM Airlines (20%)
- Virgin Atlantic (49%)
