Mangalindan writes, “The once-bustling global tourism industry, as the world once understood it, had irrevocably changed, hemorrhaging as much as $1.2 trillion in 2020 — and its effects were widespread. Travel industry news and information outlets were hit particularly hard, as companies scaled back their travel ad budgets.
“Skift, a travel industry publication geared towards industry professionals, was among the collateral damage. Founded and funded initially by seasoned media operator Rafat Ali in 2012, the business-to-business (B2B) media site — a prolific purveyor of industry news and reports, and hosts podcasts and events — had become an unlikely success story, buoyed by major advertisers like Accenture, Oracle and Accor, and the site’s insistence in 2013 on charging a wide swath of clients like Marriott, Hilton, Expedia, Delta and United juicy subscription fees for its research reports at a time when others were giving content away for free on the web.
“Skift was on track to hit $18 million in revenues in 2020, and had tailwinds behind it to continue expanding its staff and ancillary businesses.”
Read more here.
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…
Dow Jones & Co., the parent of The Wall Street Journal, Barron's, MarketWatch.com and Investor's…
The Wall Street Journal is seeking a White House reporter in Washington, DC, to break…
Ben Pershing, the politics editor of The Wall Street Journal, is leaving the news organization.…