When airline executives from around the world gathered at IATA’s Annual General Meeting in Istanbul last year, supply chain constraints were identified as a major concern. Fast forward to this year’s meeting, and industry leaders are still grappling with the same issues. IATA Director General Willie Walsh acknowledged that although the situation hasn’t worsened, there
Archer Aviation, a key player in the development of electric vertical takeoff and landing aircraft (eVTOLs), recently achieved a significant milestone with the Federal Aviation Administration (FAA) granting them a Part 135 certification. This certification allows the company to operate as an airline and carry passengers, bringing them one step closer to making electric air
Long-haul flights are often associated with passengers drinking alcohol to help relax and fall asleep. However, a recent study has shown that this common practice may actually pose health risks, even for young and healthy individuals. The combination of alcohol consumption, sleep, and the low oxygen levels at high altitudes can have a negative impact
Marriott International has recently unveiled its plans for a new midscale brand, which is currently being developed under the working title Project Mid-T. This announcement was made by Marriott CEO Anthony Capuano during the company’s Q1 earnings call in May, signaling the company’s intention to introduce a “conversion-friendly midscale brand” to the market. At the
Commercial aviation, like any other business sector, relies heavily on the ability to measure and manage various aspects of its operations. One key area that directly impacts passengers’ overall experience is luggage delivery. While the public reporting of metrics such as on-time departure and lost baggage rates are mandatory, there are other crucial factors regarding
Recent trends in the hospitality industry point towards a decline in leisure travel, but a significant surge in demand from business travelers and groups. CEOs of major hotel chains discussed this shift at the NYU International Hospitality Industry Investment Conference, shedding light on the changing landscape. Hyatt Hotels Corp. CEO Mark Hoplamazian highlighted the growth
The Mirage Hotel & Casino, opened by Steve Wynn in 1989, revolutionized the Las Vegas Strip in numerous ways. The impeccable design, complimentary attractions, and meticulous attention to detail set a new standard for luxury resorts in the area. According to Aaron Berger, executive director of the Neon Museum, The Mirage marked a shift towards
The International Air Transport Association (IATA) has released estimates predicting that airlines globally will reach a record revenue of $996 billion in 2024. On the flip side, expenses are expected to rise to $936 billion, resulting in a slim net profit margin of 3.1% for the industry. These projections highlight the ongoing challenges faced by