Choice Chooses Fancy, Spirit Exits Bankruptcy and Booking Boosts Revenues

Choice Hotels is shifting its focus from budget roadside chains to upscale and extended-stay properties, with brands like MainStay Suites nearly doubling their footprint since 2019. Spirit Airlines will exit Chapter 11 bankruptcy as a private company after a U.S. judge approved its restructuring plan, with top bondholders gaining control. Booking Holdings CEO Glenn Fogel downplayed AI-related disruptions, emphasizing negotiations with AI platforms while highlighting the company's strong growth in alternative accommodations. Choice Has Dumped Hundreds of Budget Hotels in Upscale Strategy Shift Spirit Airlines Cleared to Exit Chapter 11 Bankruptcy Booking Holdings Downplays Concerns That Agentic AI Platforms Will Displace It Connect with Skift LinkedIn: https://www.linkedin.com/company/skift/ WhatsApp: https://whatsapp.com/channel/0029VaAL375LikgIXmNPYQ0L/ Facebook: https://facebook.com/skiftnews Instagram: https://www.instagram.com/skiftnews/ Threads: https://www.threads.net/@skiftnews Bluesky: https://bsky.app/profile/skiftnews.bsky.social X: https://twitter.com/skift Subscribe to @SkiftNews (https://www.youtube.com/@SkiftNews) and never miss an update from the travel industry.