Wake Up to Money The CEO of Booking.com Speaks to Wake Up to Money
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Aug 6, 2025 Glenn Fogel, CEO of Booking Holdings, dives into the impact of AI on the travel industry and job market. He discusses how to combat overtourism by promoting alternative destinations. Karen Kerrigan from Moneybox shares insights on housing challenges for first-time buyers, emphasizing support from family as a solution. Russ Mould from AJ Bell highlights the economic pressures affecting investments and travel trends. Together, they explore the evolving landscape of both travel and property, shedding light on sustainability and consumer behavior.
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Friends Cooperative Home Buying
- Four friends pooled money to buy a costly flat after a rent hike forced them out.
- They share expenses and childcare, easing financial pressure and enabling home ownership together.
Housing Affordability Crisis
- UK's average house price is about eight times the average salary, making mortgages unaffordable.
- Help to Buy increased demand but failed to increase supply, thus worsening affordability.
US Inbound Travel Decline
- US inbound travel is down despite a weak dollar making trips cheaper.
- Airport immigration delays and other issues are likely deterring international tourists.