*By Samantha Errico*
Your days to travel in 2018 may be numbered, but 2019 beckons. So what's ahead for the travel industry next year? Lola.com CEO Mike Volpe joined Cheddar to present his predictions for travel in 2019.
**Day-Rate Hotels**
"In this world where everyone wants to be faster and more agile, your needs around business are changing," Volpe told Cheddar Friday. Hotels are incorporating flexible check-in times for travelers who take red eyes, and offering hourly rates for visitors who are only in town for the day. Hotels are adapting to the pace of the modern travel and the growing demand of customers.
**Out with Corporate Travel, in with Consumer Travel**
The business travel industry is expected to hit $1.6 trillion by 2020, and more companies are trying to exploit the market. Companies are meeting the growing demands of the market by "taking the consumer speed and agility from the consumer travel world into the corporate travel world," Volpe said. Travel companies are racing to find the easiest booking system possible, Volpe said. "The average corporate travel system takes a person about an hour to book their flight and hotel for an upcoming trip," he added.
Voting on a tentative contract agreement between General Motors and the United Auto Workers union that ended a six-week strike against the company appears too close to call after the latest tallies at several GM factories were announced Wednesday.
Microsoft is partnering with Warner Brothers for the film Wonka to release a limited edition Xbox series X that looks like one of Willy Wonka's famous chocolate bars.
Google CEO Sundar Pichai was back in court Tuesday to testify in an antitrust trial that accuses the company of running an illegal monopoly on its Android apps.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
