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The hospitality industry has been suffering as tourism dried up during the pandemic, but as Covid vaccine distribution gains headway, Marriott CEO Tony Capuano expects its business to bounce back. “As the vaccine gets widely distributed, we see pretty strong and steady prospects for demand growth,” Capuano told CNBC’s Seema Mody in an interview Wednesday.

The town of Ermoupolis (also called Ermoupoli) is located on the Greek island of Syros. Cavan Images LONDON — European travel stocks soared on Tuesday morning as customers rushed to make new bookings after the U.K. announced its four-step plan to end coronavirus restrictions. Shares of Tui, the German travel group, rose almost 7% in

Royal Caribbean CEO Richard Fain told CNBC on Monday the cruise operator has seen a number of optimistic signs in its early booking data that suggest a positive recovery from the coronavirus pandemic. “Some of the things we thought was going to happen aren’t happening. They’re better than we thought,” Fain said in an interview

Boeing Chairman and CEO Phil Condit addresses the media following the company’s annual shareholders meeting April 28, 2003 in Chicago. Scott Olson | Getty Images Boom Supersonic, which plans to put supersonic jets into commercial service by the end of the decade, has added former Boeing CEO Phil Condit as an advisor. It’s the latest

A JetBlue Airways plane taxis next to American Airlines, Delta Air Lines and Alaska Airlines aircraft at Reagan National Airport (DCA) in Arlington, Virginia, on Monday, April 6, 2020. Andrew Harrer | Bloomberg | Getty Images The oil rally is taking jet-fuel along for the ride, posing another headache for airlines still struggling from depressed

The beaches in Cancun, Mexico, have been crowded despite the Covid-19 epidemic . Barcroft Media | Barcroft Media | Getty Images Even Sen. Ted Cruz admits his decision to vacation in sunny Cancun, Mexico, this week while his home state of Texas was suffering record cold and massive power outages was “obviously a mistake,” as

A Boeing 747 cargo freighter belonging to the Atlas Air flies into the clouds after lifting off from Hong Kong International Airport, on 23 October 2017, in Hong Kong, Hong Kong. S3studio | Getty Images Atlas Air Worldwide Holdings on Thursday forecast an increase in first-quarter revenue as the Amazon air contractor continues to benefit

Following the news of his death after a nearly two year battle with pancreatic cancer, several current and former Marriott International employees shared how CEO Arne Sorenson lead with his heart. “I consider Arne’s legacy to Marriott and the hospitality industry as immeasurable. Perhaps one of Arne’s greatest legacies is his principled and gracious leadership, an ‘esprit

Traffic moves along Interstate 30 after a snow storm February 15, 2021 in Fort Worth, Texas. Ron Jenkins | Getty Images Airlines canceled more than 4,000 flights in Texas since Monday as an unusual winter storm bringing snow, ice and record cold temperatures hit the state, creating perilous road conditions and knocking out power to

Trivago CFO Axel Hefer Source: Trivago LONDON — The chief executive of European travel booking firm Trivago believes attitudes toward the world’s biggest technology companies have changed. Axel Hefer, who has been at the helm of Trivago for almost five years, told CNBC’s “Squawk Box Europe” Wednesday that there has been a “change in sentiment”

United Airlines believes you may someday take a small electric aircraft to get to the airport.  The airline is joining other investors backing Archer, a start-up developing electric vertical takeoff and landing aircraft. If Archer can get its eVTOL certified by the Federal Aviation Administration, it expects to deliver the first aircraft in 2024. “It’s

It’s often said that remote workers can work from anywhere where there’s an internet connection. But tell that to someone who wants to live and work in Bangkok or Bali right now. The coronavirus pandemic has pushed millions of workers from their offices into their homes — and many have decided they want to change

A Spirit Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Spirit Airlines is planning to start training new pilots and flight attendants as early as next month as the budget carrier positions itself for a travel rebound after the

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines returned the Boeing 737 Max to service on Thursday, the second U.S. carrier to bring back the plane after two deadly crashes prompted a worldwide grounding in

A flush consumer spending could carry some key stocks to new heights, two traders say. U.S. personal spending in 2021 is expected to grow at its fastest rate in over five years, according to a Federal Reserve Bank of New York survey released Monday. The rush could boost consumer discretionary stocks including Chipotle Mexican Grill,

valentinrussanov | E+ | Getty Images Hotels and resorts, like the rest of the travel industry, have taken a hit during the pandemic, but prospective travelers willing to book accommodations later this year may see a silver lining in the form of especially low room rates and widespread availability. That’s according to the American Hotel

Changes are coming to travel amid the coronavirus pandemic. The Transportation Security Administration says it will now issue fines to travelers who failed to wear a mask while in transit. The fines could be as large as $1,500. That development could pave the way for a safer travel environment and entice hesitant consumers to begin

Airlines canceled most New York City-area flights scheduled for Monday ahead of a strong winter storm that’s expected to bring high winds and heavy snow to the region. Local officials also urged people to stay off roads. Flight schedules were already drastically lower than the norm because of the Covid-19 pandemic and a host of

Umar Shariff Photography DUBAI, United Arab Emirates — The United Arab Emirates announced that Emirati nationality will now be officially attainable for foreigners, in a major first for the Gulf state. The move is a significant change in direction for a country whose economy relies heavily on expatriates, for whom residency is typically contingent on

SINGAPORE — Indian low-cost carrier IndiGo’s international operations may be struggling, but the division could make a full recovery by the end of the year, the airline’s chief executive told CNBC this week. Ronojoy Dutta of IndiGo, which is operated by InterGlobe Aviation, said the split between domestic and international segments for the airline has