Travel Leaders Confront Headwinds and Shifts in Distribution at Skift Global Forum
📈 Leaders from the travel and hospitality industry convened in New York, including representatives from Booking, Expedia, Airbnb, and others. North American search volumes dropped 15%, while OTA and TMC bookings remained flat, impacting margins. Luxury travel holds steady despite economic headwinds. Technology, particularly AI, plays a crucial role in personalizing offers and improving efficiency. Companies must focus on AI talent acquisition and employee well-being. The takeaway: adaptability is essential amid challenging environments and shifting technological landscapes.
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