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Airline stocks are close to ‘max fear’ — and it could be the best time to buy, trader says

In this article JETS JBLU HA SAVE Airline stocks could be nearing an attractive entry point. The group has fallen sharply in the past three months, with Spirit Airlines, JetBlue Airways and Hawaiian Holdings down more than 20% and other top names not far behind. The U.S. Global Jets ETF (JETS), a basket of 52 …

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Marriott CEO: Line between business and leisure travel is blurring — that’s good news for hotels

Marriott International CEO Tony Capuano told CNBC on Monday the distinction between business and leisure travel is fading, a welcome development for the hotel operator as it recovers from the coronavirus pandemic. People going on vacations and other personal trips has led the hospitality industry’s rebound from the Covid-induced damage that hit more than a …

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Will summer see a ‘travel window’ before fall infections rise? Here’s what medical experts say

For some homebound travelers yearning for a vacation, the question isn’t whether to book a vacation this year, but when.  Enthusiasm for travel is at its highest point in a year, with 87% of American travelers expected to take a trip this summer, according to a survey conducted last week by travel market research company …

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Norwegian Cruise Line CEO says U.S. ships are unlikely to sail this summer, calls CDC guidance ‘unfair’

The Centers for Disease Control and Prevention is allowing cruise ships to resume operations this summer, but Norwegian Cruise Line CEO Frank Del Rio says that will be unlikely given the agency’s tough requirements. “I seriously doubt we will be able to stand up a vessel out of a U.S. port in July. August is …

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India’s rich are not the only ones fleeing the Covid crisis on private jets, says CEO

Tycoons and Bollywood stars may be among the most high profile residents fleeing India’s shores on private jets as the coronavirus crisis escalates — but they are by no means the only ones, according to private jet charter company JetSetGo. The situation in India has become so dire that even upper-middle class families are pooling …

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Chinese travel bookings triple during ‘hottest’ public holiday since the pandemic

Visitors walk along the Badaling section of the Great Wall in Beijing, China, on Tuesday, May 4, 2021. Yan Cong | Bloomberg | Getty Images BEIJING — Millions of Chinese rushed to travel during the five-day Labor Day holiday, in yet another sign of gradual recovery in domestic consumption. May 1 to 5 marked the …

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Private jet charter company VistaJet targets carbon neutrality by 2025

Private jet charter company VistaJet has outlined plans to reach carbon neutrality by 2025 in a bid to get the aviation industry’s sustainability goals off the ground. The strategy includes carbon offsetting schemes contributing to forest protection in Zimbabwe and the Brazilian Amazon, as well as the option for customers to pay extra for sustainable …

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Loews Hotels CEO optimistic on return of group events to help complete Covid travel recovery

In this article L Loews Hotels CEO Jonathan Tisch told CNBC on Friday that he sees indications that large events will return soon, a key piece of the hospitality industry’s recovery from coronavirus pandemic-induced woes. “We are starting to see groups come back. We are very optimistic about group business in Q3, Q4, next year …

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Dr. Scott Gottlieb says travel restrictions on India will have little impact on U.S. Covid cases

The Biden administration’s recently announced restrictions on travelers from India are unlikely to play a significant role in limiting new coronavirus cases in the U.S., Dr. Scott Gottlieb told CNBC on Friday. “Will it have an impact? Perhaps a minor impact on the margins in terms of reducing introductions. It’s not going to dramatically affect our …

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Dubai Airports boss blasts UK travel ban as ‘wrong,’ ‘not practical’ as traffic slumps by nearly 70%

In this article Aircraft operated by Emirates, at Dubai International Airport in the United Arab Emirates. Christopher Pike | Bloomberg | Getty Images DUBAI, United Arab Emirates — The chief executive of Dubai Airports has panned a decision by authorities in the United Kingdom to keep the UAE on its international travel “red” list, as …

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Being named a UNESCO World Heritage site is a big deal — so is losing it

Being named to UNESCO’s World Heritage List often brings worldwide acclaim, tourist revenue and access to international funding and expertise. But there are strings attached.   World Heritage sites are, in principle, inscribed “forever,” said Mechtild Rossler, director of the UNESCO World Heritage Centre, but countries have to do their part to protect and counteract …

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UAE could stay on the UK’s travel ‘red list’ indefinitely, and mixed messages are stoking confusion

In this article Dubai is known for its modern architecture, including the Burj Khalifa, which at 2,700 feet tall is nearly twice the height of the Empire State Building. Fraser Hall | The Image Bank | Getty Images DUBAI, United Arab Emirates — The United Arab Emirates’ potentially indefinite status on the U.K.’s “red list” …

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State Department has warned against travel to 80% of the world. Here’s what you need to know

urbazon | E+ | Getty Images You may want to reconsider any plans to travel abroad. That’s the recommendation from the U.S. State Department, which updated its Travel Advisories list this week warning Americans against foreign travel to include about 80% of countries worldwide. Calling the risks the ongoing Covid-19 pandemic poses to travelers as …

State Department has warned against travel to 80% of the world. Here’s what you need to know Read More »