'Lots of demand domestically, lots of demand internationally...[with] still some tightness in supply in air. Unfortunately, that means prices are going to stay high for the summer,' Expedia Group CEO Peter Kern told Yahoo Finance.
The travel industry is expected to stay hot this summer. That means no price relief for travelers."Lots of demand domestically, lots of demand internationally...[with] still some tightness in supply in air. Unfortunately, that means prices are going to stay high for the summer," he added.
Kern says some trends have returned to pre-pandemic levels, such as shorter length of stays and big cities popular again."More people want to travel generally. It’s not just revenge travel anymore," said Kern. In April, United Airlines reiterated its full-year guidance indicating “demand remains strong, especially internationally, where we are growing at twice the domestic rate.”
Days later, American Airlines' CEO Robert Isom told analysts,"We see a strong demand environment this summer, and we're highly confident that that will continue going forward. If there's one thing that the pandemic has taught us it's that people innately desire to travel."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hyundai Won’t Take A “Knee-Jerk Reaction” To Tesla’s Price Cuts, Says European CEOTesla’s price cuts have prompted a new response from a rival automaker, and this time it’s Hyundai that takes to the stand to explain how it will handle the issue of lowering prices for its EVs.
Read more »
Why Seth MacFarlane's Ted Voice Sounds So Much Like Peter GriffinSeth MacFarlane voices both Ted the talking stuffed bear and Family Guy's Peter Griffin, two iconic characters who sound very much alike for a reason.
Read more »
Peter Bart: Eager To Build Overseas Clout, Academy CEO Bill Kramer Shows Cannes That The Oscars Org Also Knows How To CelebrateNavigating the frenzied Cannes Film Festival scene can prove perilous for a first-timer, even if he’s boss of the Oscars. Bill Kramer, CEO of the Academy of Motion Picture Arts and Sciences, is in …
Read more »
Language and cultural inclusivity for chatbots 'very important' to OpenAI's mission, CEO saysSam Altman, CEO of OpenAI, the artificial intelligence lab behind ChatGPT, said language and cultural inclusivity is 'very important' to the company as it trains its systems.
Read more »
'Violent' incidents are on the rise at Target stores, costing millions, CEO saysTARGET SHOPPERS IN 'HARM'S WAY' Organized retail crime is impacting Target and other retailers, and shoppers can be in 'harm's way,' CEO Brian Cornell said.
Read more »
Former Google CEO says AI at 'center' of technology competition between US and ChinaA former Google CEO said during a Congressional hearing that artificial intelligence is at the “center' of the technology battle between China and the United States.
Read more »