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Visa Delays Will Price the U.S. $12 Billion in Misplaced Spending in 2023

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Skift Take

Right now’s version of Skift’s day by day podcast appears nearer at unhealthy tourism indicators within the U.S., Air France-KLM’s SAS funding, and United Airways’ new planes.

Good morning from Skift. It’s Wednesday, October 4. Right here’s what it’s essential to know in regards to the enterprise of journey at present.

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Episode Notes

The U.S. tourism trade has made progress in its restoration from the pandemic, however two main points are hurting its means to draw worldwide vacationers. What are they? Lengthy wait occasions for customer visas and outdated air infrastructure, writes International Tourism Reporter Dawit Habtemariam. 

Executives talking on the current Skift International Discussion board stated the U.S. is dealing with fierce competitors from abroad locations which have improved their tourism infrastructure. NYC Tourism+Conventions CEO Fred Dixon highlighted Saudi Arabia as one vacation spot his metropolis is competing in opposition to for vacationers. 

As well as, U.S. Journey Affiliation CEO Geoff Freeman stated lengthy visa wait occasions in some prime markets will value the U.S. $12 billion in traveler spending. Freeman added these lengthy waits don’t make the U.S. a welcoming surroundings. As well as, Freeman described air journey to the U.S. as a trouble as roughly 23% of all U.S. flights are delayed or canceled. 

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Subsequent, Air France-KLM will take a minority stake in bankrupt Scandinavian service SAS as a part of an almost $1.2 billion deal unveiled Tuesday, reviews Edward Russell, editor of Skift publication Airline Weekly.

Air France-KLM will make investments $145 million for nearly 20% stake in SAS as a part of an investor consortium that features the Danish authorities. SAS will be a part of the SkyTeam Alliance with Air France and KLM as a part of the Chapter 11 restructuring deal. Russell writes the deal is the most recent in a wave of European airline consolidation that features the Lufthansa Group’s pending acquisition of Italy’s ITA Airways. 

Russell provides Air France-KLM would see its share in Scandinavia, an space lengthy seen as Lufthansa’s yard, improve. 

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Lastly, United Airways has positioned an order for 110 Airbus and Boeing planes amid ongoing constraints limiting flight schedules, reviews Airline Weekly Editor Russell.

United stated on Tuesday that the 110 planes might be delivered between 2028 and 2031. Russell writes the orders are pushed partly by United’s want to switch older jets by the tip of decade. The service is seeking to develop on the capacity-constrained airports all over the world. Russell provides United’s newest order will allow it so as to add seats to its current schedules at, amongst different airports, Newark and San Francisco. 

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