The Travel Top 10

EDITOR’S NOTE

Travel Industry In Crisis: What To Know

There’s an old sales phrase: In good times people want a deal, and in bad times people need a deal.

The travel industry has soared in the years following the COVID-19 pandemic, buoyed by pent-up demand and, crucially, surplus income that fueled an uptick in travel. However, a recent dramatic downturn in the stock market—highlighted by a more than 1,000-point fall in the Dow—signals a challenging period ahead for the sector. While a single day's market performance doesn't dictate the future, it serves as a cautionary tale for those within the industry. Notable declines included Marriott down by 1.09%, Hyatt by 1.9%, United Airlines by 5.75%, and Southwest by 5.39%.

This market tremor suggests a shift as consumers, from budget seekers to luxury aficionados, search for better deals and added value. Bob Jordan, CEO of Southwest Airlines, reflects on the industry's adjustments: "Our overall results are not where we need them to be." With the airline strategically reducing flights and seating to match the decreased demand, the entire travel industry must pivot towards innovative promotions to attract an increasingly cautious consumer base. As the landscape shifts, adaptability and smart pricing strategies will be essential for navigating the uncertainties ahead.

Next week, we’ll have expert insight from leading economists about the future of the travel industry, and the major keys to survival. Help out a colleague, and share our email with a friend. You can simply forward this note, and they can subscribe here.

HOTEL NEWS

Marriott Hotels Announces New Cancun Property

Marriott Hotels, a cornerstone of Marriott Bonvoy’s extensive portfolio, has raised the bar for hospitality once again with the introduction of its first all-inclusive resort, Marriott Cancun. This addition signifies Marriott's adaptation to growing trends in multigenerational and inclusive travel. Set against the vibrant backdrop of Cancun's Golden Zone, the resort offers an array of amenities, from 450 luxuriously appointed guestrooms to a vast selection of dining options with 13 unique culinary experiences. Recognizing the importance of diverse guest experiences, Marriott Cancun provides a range of activities and spaces suited for all ages, including a sprawling water park and a state-of-the-art fitness center, ensuring that every guest finds something to enrich their stay. With nearly 24,813 square feet of renovated event space, the resort also sets itself up as an ideal location for events and meetings. To celebrate its grand opening, Marriott Cancun is offering an enticing 20% discount on bookings, along with additional perks, allowing guests to immerse themselves in exceptional hospitality and the enriching culture of Cancun.

CRUISE NEWS

New Hotel Openings and Trends For 2024

In a vibrant burst of summer activities, SAHARA Las Vegas announces an exciting lineup of events and promotions for August 2024. The season kicks off with a high-energy Swim Week party at AZILO Ultra Pool on August 15, featuring a live fashion show and performance by the Black Tape Project. The festivities continue with the Mala Vida Summer Fest on August 16, promising an electrifying concert experience. National Rum Day on the same day offers a tempting 50% off all rums at The Tangier. For sports enthusiasts, Chickie’s & Pete’s will host a viewing party for UFC 305 on August 17. Throughout the summer, the CASBAR Lounge and AZILO Ultra Pool will offer a mix of live music and DJ sets, ensuring there's never a dull moment. SAHARA Las Vegas, renowned for its luxurious accommodations and vibrant entertainment scene, promises an August filled with unforgettable experiences.

Mount Cinnamon Beach Resort, a cherished Caribbean boutique destination in Grenada, is undergoing significant renovations to modernize and enhance its facilities. Led by local architect Irina Kostka, the redesign includes the resort's restaurant, bar, pool, and lounge, complemented by updates to the Hacienda Suites and Villas. The entire resort will close in September for these enhancements and is set to reopen in early October. Alongside these physical upgrades, the resort is revitalizing its culinary offerings under the guidance of newly appointed Food & Beverage Consultant, Sophie Michell, a British chef based in Barbados. Michell will infuse the menu with Caribbean-inspired, farm-to-table cuisine that emphasizes sustainability and local sourcing. This initiative reflects owner Barry Collymore’s commitment to providing an authentically Grenadian experience while supporting local craftsmanship and agriculture. These extensive upgrades aim to solidify Mount Cinnamon’s status as a top-tier destination in the Caribbean hospitality.

Foxwoods Resort Casino proudly announces the launch of Club Newport, its new high-limit gaming enclave poised to elevate luxury gaming on the East Coast. Located in the Grand Pequot Casino in Mashantucket, Connecticut, Club Newport opened its doors with a grand ribbon-cutting event, signaling a new era of high-stakes indulgence. This exclusive venue features 35 high-limit tables offering a variety of games and two private salons reviving the traditional large-style baccarat game. The interior boasts a striking gold vaulted ceiling, elegant bronze arches, and contemporary touches that create a sophisticated atmosphere for the most discerning patrons. This launch is part of a series of enhancements at Foxwoods, including new dining experiences and a forthcoming collaboration with Great Wolf Lodge set for 2025. For more details, visit www.Foxwoods.com.

PRODUCT SPOTLIGHT

New Luggage To Improve Your Travel Experience

As travel increasingly becomes a staple in our lives, connecting us to new cultures and ideas, the demand for improving the essentials—like luggage—is on the rise. In today's world, where travel for work, pleasure, and connection is ingrained in our cultural DNA, the right luggage can transform travel from a burden into a joy. Level8 understands this shift and has responded by crafting luggage that meets the needs of modern travelers. Their products are sleek, simple, and made with durable, high-quality materials, ensuring that travelers can focus on their experiences rather than worry about their gear. Level8 luggage offers reliability and functionality, easing your journey and allowing you to immerse fully in your destination. Whether you're navigating a quick weekend getaway or embarking on a lengthy expedition, Level8's expertly designed cases are your perfect travel companion.