The new and the high tech are suddenly out of fashion, with the Nasdaq down around 23% this year. That sentiment change seems to have bled into the online travel sector, where the uncool is making a comeback.
There is no denying that longer-term trips in the most remote geographies are still seeing a lot of traction, but as even
pointed out in its first-quarter earnings report earlier this month, bookings to urban destinations are back to growth relative to prepandemic levels, and short-term stays are swiftly regaining favor.
As Omicron’s original wave fades and summer approaches, changing consumer preferences have precipitated a new land grab in a somewhat dated lodging sector. In the first quarter,
