Amid the coronavirus pandemic, many flights are canceled at Orlando International Airport in Florida on March 24, 2020. Stephen M. Dowell | Orlando Sentinel | Getty Images One year ago, I booked round-trip tickets on Frontier Airlines for a vacation in Florida. When the coronavirus outbreak grounded our plans, I was issued a voucher —
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Nancy Yu has been a staple in San Francisco’s Chinatown for more than two decades. Her store, Asiastar Fantasy, sells souvenirs, gifts and cultural items like red envelopes for Lunar New Year. While she’s weathered many challenges over the years, she’s never seen anything quite like 2020. “Last year was a very difficult time —
Apollo Global Management is betting on a strong return of business conventions once the coronavirus pandemic subsides, a belief reflected in its recent deal with Las Vegas Sands, according to David Sambur, co-lead partner of private equity at the firm. Announced earlier Wednesday, Sands said it will sell the real estate for the Venetian, Palazzo and
United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images U.S. airlines are laying the groundwork for a travel rebound that still looks months, if not years, away. Some carriers are buying new planes, while others are training pilots and
Airline stocks are the most overbought they’ve been in years, chart analyst Matt Maley said Thursday. Travel stocks were swept up by a broader market sell-off in Thursday’s trading session, with airline, hotel and cruise line names paring back after substantial year-to-date rallies. The reversal could mark the start of a larger setback, particularly for
Co-founder and CEO of Airbnb Brian Chesky speaks during an interview in Langa township, Cape Town, South Africa March 17, 2017. Mike Hutchings | Reuters Airbnb’s stock was up as much as 16% on Friday following a number of analyst reports highlighting that the company is well positioned to capitalize on the expected recovery in
United Airlines passengers wait in the boarding area for their flights at Denver International Airport in Denver, Colorado. Robert Alexander | Getty Images United Airlines‘ latest ski destinations will be accessible by bus. The Chicago-based airline on March 11 will start offering three-times-a-day bus service from its Denver International Airport hub to Breckenridge, Colorado and
The Hemphill Brothers Coach Company knows a thing or two about how celebrities live on the road. The Nashville-based RV company, run by brothers Joey and Trent Hemphill, has been building and outfitting luxury tour buses for 40 years, touting an A-list client roster ranging from mega stars like Taylor Swift, Oprah, Dolly Parton and Beyonce
Fabio Camandona | iStock | Getty Images For Covid-vaccinated individuals in the 65-and-over crowd, hitting the road (or sky) may become more alluring than it’s been in nearly a year. Be sure to consider whether your Medicare plan will travel with you. While coverage when you’re away from home depends partly on your destination, it
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
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