Travel startup Mindtrip uses ChatGPT to create bespoke itineraries in seconds: The platform is betting on the rise of digital-first travel discovery—and hospitality brands should take note.
Retail media networks are facing a little more competition these days as banks, payments providers, airlines, and hotels are starting their own media networks to monetize their first-party data and build out new revenue streams.
Airlines are flying too much: That led to a glut of airline seats, which hurt Delta’s net income in Q2.
Retailers embrace the potential of non-endemic ads: Leveraging first-party data and expanding ad inventory to drive new revenue streams and enhance advertising strategies.
Alphabet’s driverless robotaxi service is available to all San Francisco residents, with 300,000 people on the waitlist. Waymo benefits from rivals lagging behind.
Desire to travel outweighs consumers’ financial concerns: American tourists are happy to spend more and go farther to satisfy their wanderlust.
Smart tech enhances travel experience: Travelers say rental homes and hotel rooms with smart devices improve comfort, convenience, and sustainability. Adding these features can save properties money too.
Delta adds premium economy offering to domestic flights: The airline—along with Qantas, Emirates, and other carriers—looks to capitalize on surging demand for higher-end travel.
Airlines have a lucrative advertising opportunity: United Airlines is capitalizing on its robust user location data to introduce ads in-flight and in its app.
American Airlines hits turbulence after misguided strategic shifts: The carrier lowered its Q2 guidance after failing to capitalize on growing demand for business travel and international flights.
Wealthy consumers are driving summer travel demand: The share of affluent travelers is rising as cost concerns cause lower-income consumers to pull back.
Travel demand accelerates: 43.8 million people will travel over the Memorial Day travel period, a 4% increase over last year and the highest number in nearly 20 years.
Travel ranks high on consumers’ priority list this year: People are willing to spend big for once-in-a-lifetime trips to see Taylor Swift or take in the Olympics.
Streaming services drive 6.7% increase in 2024 US ad market, excluding cyclical events: Retail and travel sectors boom, but entertainment and tech face headwinds.
Delta says bookings for leisure and business travel are strong: That helped it swing to a Q1 profit and positions it well for peak travel season.
The travel and tourism industry is thriving: We expect US digital travel sales to rise 6.0% this year as consumers continue to prioritize travel.
Digital travel bookings in the US are on a consistent upward trajectory, reflecting a healthy bounce back after the pandemic slump.
Hotels struggle to find (or retain) workers: That’s hindered their ability to deliver a high-quality customer experience.
In just five years, retail media went from a $1 billion segment to a $30 billion segment. With US omnichannel retail media ad spend poised to reach $59.98 billion this year, per our October 2023 forecast, non-retail industries from health and fitness to restaurants and financial institutions are looking to build out their own media networks.
Expedia launches global ad campaign on Netflix: The platform’s expansive streaming reach could set a new standard for international media buys.