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Weekly Recap 📰

  • Europe's second-largest airline, Lufthansa, has announced an NFT-based loyalty program called Uptrip, which already has more than 20,000 users.
  • According to the TSA, the number of travelers in 2023 is on pace to break the previous record of 262 million, set four years ago before the pandemic hit.
  • Many Americans have made international travel plans this Labor Day. According to AAA booking data, international bookings are up 44% over last year.
  • KSL Capital Partners will take Hersha Hospitality Trust private in an all-cash deal worth $1.4 billion. U.S. lodging stocks surged on the news due to speculation that similar deals could be coming.
  • Dubai International Airport is leveling up with a $3 billion expansion aimed at enhancing the journey for the 90 million annual travelers passing through its terminals.