This with bells on. People who argue this sort of thing is the future simply have no idea what real travel planning is. To view or add a comment, sign …

Very interesting article from Eugenia Dunaeva about Return on Tokens in travel. Keeping in mind that this token cost comes on top of L2B costs, if …

🏨 MGM Resorts’ third-quarter Las Vegas Strip revenue fell 2% to $2 billion, while adjusted EBITDA plus rent dropped 12% to $531 million. CEO Bill Hornbuckle blamed airfares roughly 45% higher than last summer. September citywide occupancy stayed flat, but average daily room rates fell 6%. Canadian travel declined over 30% in two years. Group and convention bookings exceeded 500,000 room nights, beating internal targets, while December looked softer amid reduced convention business.

🏨 MGM Resorts ended merger talks with Barry Diller’s People Inc. after its $18 billion takeover offer—$48.30 per share, a 10.6% premium—collapsed over financing. Launched June 1, the bid was withdrawn in September. An amended agreement disclosed Wednesday caps People’s stake at 29.9% and requires People and Diller to follow MGM’s board on change-of-control votes. MGM pledged no defensive or adverse actions; CEO Bill Hornbuckle said the company is refocusing on operations.

🏨 The AI Hospitality Alliance published its free AI Orchestration Framework for Hospitality “yesterday,” led by Ira Vouk with contributors from AWS, Cloudbeds, Apaleo, Canary and FLYR. Addressing the prospect of hotels running five AI agents from five vendors, it covers permissions, checks before AI changes hotel records, vendor questions and when orchestration isn’t needed. The author and Marianna Gelardi plan to attend WTM London “next week.”

🏨 AI-native travel funding rounds fell more than 50% from Q2 to Q3 this year, Skift’s Dan Marcec reported. Meanwhile, JLL counts 59 hotels worldwide with average daily rates above $3,000, compared with none in 2019. Wealthy travelers’ demand for luxury experiences is outpacing hotel supply, constrained by scarce sites, lengthy approvals and construction costs. Examples include newly opened Airelles Palladio in Venice and planned Singita Elela in Botswana and One&Only Barrigona in Costa Rica.