IHG Says It’s Winning Hotels From Rival Brands

Photo Credit: In Mont Ventoux in Provence, southern France, Château de Mazan is a hotel that belongs to Accor's network. Accor Accor is bracing for a bumpy end to the year because of uncertainty in two of its key markets.

After more than 165 years, New York City’s horse-drawn carriage industry is coming to an end. A bill passed by the New York City Council Thursday will phase out the horse-drawn cab industry by mid-2028. The rides have long been promoted to tourists, with a longtime carriage driver and stable manager calling it “one of the most iconic things to do” in the city.

American Airlines CEO Robert Isom said Thursday he believed the carrier could be profitable in 2027 even as it is battered by soaring jet fuel costs. “We think we can be profitable next year,” he said during a call with analysts. “And that's driven by what we've seen this year. We've had fuel expenses now grow $7 billion over the course of the year. But for that, we'd be solidly profitable.”

Wyndham has spent years telling Wall Street that its guests are construction crews, truck drivers, and families driving to the beach. On Thursday, CEO Geoff Ballotti added a new category: AI agents that book on a traveler’s behalf. "We now have a new type of guest, and these are our new autonomous agents, who we are built to service," Ballotti told analysts on the company's third-quarter earnings call.

Photo Credit: GetYourGuide's speedboat tour operating from Dubai's marina. GetYourGuide Houthi strikes on Saudi Arabia are making inbound travelers more hesitant about the rest of the Gulf. Hotels and tour operators in the UAE and Oman report softer forward bookings and more safety questions, though the hard data so far shows a much smaller hit than in Saudi Arabia.

Oyo parent Prism has cut its planned IPO nearly in half, to INR 33.5 billion ($353 million) from INR 66.5 billion ($702 million). That means the offering will now retire about half as much debt as originally planned. Prism disclosed the change Thursday in an addendum to its updated draft red herring prospectus. A person familiar with the matter told Skift that Prism does not need to raise as much as it once expected. “With cash generation remaining strong and the balance sheet improving, the funding requirement has come down,” the person said. “The objective is to raise what the business needs while keeping the capital structure efficient.”