Marriott’s Q4 Slows as Government Travel Falls, Luxury Stays Resilient
A prolonged U.S. government shutdown weighed on Marriott’s fourth-quarter results, but strong leisure and luxury demand helped offset the decline in business travel.
MICE stands for Meetings, Incentives, Conferences, and Exhibitions, a segment of travel focused on business events and group gatherings. It covers corporate meetings, reward trips, large conferences, and trade shows. MICE travel plays a major role in business tourism and often involves complex planning, venues, and logistics.
A prolonged U.S. government shutdown weighed on Marriott’s fourth-quarter results, but strong leisure and luxury demand helped offset the decline in business travel.
China has confirmed 30-day visa-free entry for British citizens, a move expected to accelerate travel demand, airline capacity growth, and renewed business ties between the two countries.
American Airlines is preparing to resume nonstop service between the United States and Venezuela, marking a significant step toward restoring air links suspended since 2019.
Capital One is expanding its reach into managed business travel and corporate payments with a $5.15 billion acquisition of fintech platform Brex, signaling a bold push beyond consumer banking.
Low-cost carrier Wizz Air has reached a major passenger milestone while signaling a shift toward higher-yield travelers with the launch of its new Wizz Class product.
American Airlines has begun introducing free inflight Wi-Fi for loyalty members, with most of its fleet expected to offer complimentary connectivity by spring 2026.
India-based corporate travel platform TravelPlus has filed IPO papers, signaling growing investor confidence in enterprise-focused travel technology and its improving profitability.
Uber is recruiting travel agents to train external AI models, signaling a deeper push into the travel ecosystem alongside major data and advertising expansions.
Otto The Agent, a new AI-powered travel assistant, promises an effortless, concierge-style experience for business travelers by automating planning, booking and real-time problem solving.
TravAI, a new AI-driven travel concierge built on NEAR and ADI Chain, aims to automate itinerary planning, booking, and payments for travelers.