Immediately’s podcast seems on the Bahamas security difficulty, Expedia’s dangerous enterprise journey deal, and flying taxis in Dubai.
Good morning from Skift. It’s Tuesday, February 13. Right here’s what you might want to know in regards to the enterprise of journey at the moment.
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The Bahamas noticed a drop in short-term rental bookings and resort reservations in January after a U.S. State Division security alert to vacationers, writes International Tourism Reporter Dawit Habtemariam.
Habtemariam notes short-term rental bookings fell 7% in January from the identical month in 2023. In the meantime, resorts within the Bahamas additionally registered weekly occupancy declines from final yr all through the month. Whereas increased common each day charges could have deterred bookings, these drops adopted a U.S. Embassy alert warning Individuals about crime in Nassau.
A State Division spokesperson stated the general Journey Advisory for the Bahamas is at Stage 2, which advises U.S. residents to be cautious within the nation as a consequence of crime.
Subsequent, Expedia Group’s fairness stake in American Categorical International Enterprise Journey has taken a beating — to the tune of $326 million, reviews Govt Editor Dennis Schaal.
Expedia stated on Monday the truthful worth of its fairness stake in Amex GBT has dropped 40% since 2021. Expedia took a 19% stake in Amex GBT following its sale of company journey company Egencia. Nonetheless, Schaal notes Expedia could have benefited from the deal on a number of ranges, together with enabling it to supply resort stays and trip leases to enterprise vacationers via Amex GBT.
Lastly, flying taxis may take to the skies in Dubai by 2026 after native officers signed a take care of electrical plane maker Joby Aviation, writes Airways Editor Gordon Smith.
Joby’s contract with Dubai’s Street and Transport Authority provides the corporate unique rights to function flying taxis in Dubai for six years. Smith notes Joby believes it may even function air taxis subsequent yr, forward of the deliberate 2026 launch. Joby has additionally signed a take care of infrastructure firm Skysports, which can construct and run take-off and touchdown areas for flying taxis in Dubai. Nonetheless, it’s no certain factor: As with all pioneering applied sciences, progress within the sector has been peppered with pitfalls.