Connect with us

Travel Market Insights

Chalet Hotels Names Shwetank Singh CEO As Sanjay Sethi Steps Down

Published

on



Chalet Hotels’ Managing Director and CEO Sanjay Sethi will step down when his current term ends on January 31 next year. Sethi confirmed the decision during the company’s earnings call Friday, noting he had informed the board earlier of his intent not to seek an extension.

Shwetank Singh, currently executive director, will take over as CEO and managing director.

“Over the past two years, we’ve been thoughtfully preparing for the future of leadership at Chalet,” Sethi said in a statement. “In alignment… with the Board, I had communicated my intent not to seek an extension of my current term.”

Sethi first took the top role at Chalet in January 2015. He briefly left in 2017 to serve as chief operating officer at ITC Hotels, returning to Chalet the following year.

Singh, who joined the company in August 2023 as chief growth



Source link

Travel Market Insights

Delta Says It Will Not Use AI to Target Customers

Published

on



Key Points

  • Delta Air Lines clarified it does not use AI to set individualized airfares based on personal data, following criticism from lawmakers.
  • The airline uses AI, via a partnership with Fetcherr, to assist in dynamic pricing for a growing portion of its domestic flights, but claims all fares are determined by market dynamics and are publicly available.
  • Lawmakers and officials have expressed concerns about potential predatory or ‘surveillance’ pricing, prompting Delta to stress its commitment to fair, competitive pricing and data privacy.

Summary

Delta Air Lines has publicly stated that it does not use AI to set individualized prices based on personal customer data, responding to recent criticism and inquiries from U.S. lawmakers. The airline acknowledged using AI technology, through a partnership with Fetcherr, to assist analysts in setting fares for a portion of its domestic flights, with plans to expand this use. However, Delta emphasized that fares are determined by market competition, not personal data, and all prices are transparently published, aiming to dispel concerns about privacy and potential predatory pricing.



Source link

Continue Reading

Travel Market Insights

U.S. Dollar Slide Hurts Accor, Minor, and Meliá

Published

on



Some of the world’s largest hotel companies saw their earnings dented by currency swings in the first half of 2025, as euro and baht-reporting groups absorbed losses while U.S.-based chains appeared largely insulated from the volatility.

Accor, Meliá Hotels, and Minor International all reported currency-related losses that offset solid operational performance. Meanwhile, U.S.-based Hilton and Wyndham, which report in dollars, did not mention foreign exchange impacts in their earnings calls and appeared shielded from the same pressures.

The U.S. dollar index dropped 10.8% in the first half of 2025 following the Trump administration’s April tariffs and public clashes with the Federal Reserve. The resulting investor pullback caused the dollar to weaken sharply against the euro, baht, and other currencies.

Accor: Currency Among Its Biggest Headwinds

Paris-based Accor repo



Source link

Continue Reading

Travel Market Insights

Winners, Losers, and Lots of Premium Seats: Europe’s Airline Scorecard

Published

on




Skift Take: Premium cabins still drive profits, but it's the low-cost threat that keeps Europe's legacy carriers up at night.

Read the Complete Story On Skift



Source link

Continue Reading

Trending

Copyright © 2025 AISTORIZ. For enquiries email at prompt@travelstoriz.com