*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.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
DJ X, alongside Molly Holder, Senior Director of Product Personalization, takes us inside Spotify's A.I. DJ and how it's the best new way to listen to music.
Sheryl Palmer, CEO of Taylor Morrison, talks tariff uncertainty, being a female leader in a male dominated industry and what homebuyers need to know. Watch!
