Inflation is hitting many parts of everyday life for Americans. Fuel prices are soaring and airlines are pushing skyrocketing jet fuel costs to consumers. That hasn’t dampened the desire for travel from Americans who suffered through two years of COVID lockdowns. This pent up demand has been called ‘revenge travel’. With inflation tugging at consumers’ pockets and rising ticket prices, how long could the ‘revenge travel’ trend last?
Signage at the Trip.com Group Ltd. headquarters building in Shanghai, China, on Monday, Aug. 28, 2023. Bloomberg | Bloomberg | Getty Images Shares of Chinese online travel services provider Trip.com plunged nearly 22% in Hong Kong on Thursday after Beijing opened an antitrust probe into the company. China’s State Administration for Market Regulation late Wednesday said […]
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Signage at the Trip.com Group Ltd. headquarters building in Shanghai, China, on Monday, Aug. 28, 2023. Bloomberg | Bloomberg | Getty Images Shares of Chinese online travel services provider Trip.com plunged nearly 22% in Hong Kong on Thursday after Beijing opened an antitrust probe into the company. China’s State Administration for Market Regulation late Wednesday said […]
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Airbnb CEO Brian Chesky joins ‘Squawk Box’ to discuss the hiring of Meta’s former head of GenAI, Ahmad Al-Dahle, as its new Chief Technology Officer, how the move came about, what it means for the company’s AI ambitions, his thoughts on the CA wealth tax, and more. Source
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