United Sees Premium Taking over Travel Industry

Dow Jones
7 hours ago

1352 ET - United Airlines CFO Mike Leskinen says premium is the priority across the travel industry. He says at a Morgan Stanley conference that hotels, cruise lines and car service providers are all jumping on the premium trend that started with airlines increasing their higher-class seating capacity. Premium has higher margins for the companies, and it plays on consumers' increasing interest in experiences, Leskinen says. He believes travelers now prioritize experiences over products, so they are willing to pay more.

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