Tag Archives: Travel

We’re ‘not quite ready’ to roll back travel testing guidance: CDC’s Walensky

CDC Director Dr. Rochelle Walensky says the U.S. isn’t ready to roll back COVID-19 masking or testing requirements, including testing for inbound travelers to the U.S. “We’re not quite ready to do so yet,” Walensky said, noting that the hospitalization rate in the country, though on the decline, is still is at a concerning level. “We always need to be prepared for what may come around the corner,” she said. Though some states on the East Coast — including New Jersey, Connecticut, and Delaware… Source link

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How Covid Travel Restrictions Boosted Google’s Bottom Line

Confusion has led to a six-fold increase in searches related to Covid-related travel restrictions. getty Google search trends offer not only a fascinating window into the public’s most pressing questions, but they can also be a huge indicator of what’s driving ad dollars for the tech behemoth. Simply put, the more searches for a given topic, the more eyeballs that land on related ads. It’s nearly impossible to overestimate how the Covid-19 pandemic has impacted what… Source link

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Omicron variant hits travel and reopening stocks — is it time to buy?

Investors should be closely watching for buying opportunities in reopening stocks in the travel and ride-sharing sectors that have been hit hard this past week amid Omicron variant fears, according to EvercoreISI tech analyst Mark Mahaney. “We have processes in place as societies, cultures manage this [the pandemic. If you have a sell-off on the ride-sharing stocks, the travel stocks that is probably a buying opportunity. I find it hard to believe we will have a repeat of the stocks we had… Source link

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Expedia, Airbnb, and other travel stocks drop amid discovery of new COVID-19 variant, market selloff

Travel platform Expedia (EXPE) and home sharing site Airbnb (ABNB) are two of the stocks swept into the market sell-off on Friday over concerns of a COVID variant first detected in southern Africa. Expedia, the fifth-worst performer in the S&P 500, dropped as much as 11% during the shortened trading day on Friday. Shares closed 9% lower at $159.80 each. Airbnb’s stock closed the session down more than 3% at $173.86. Travel reservation platform Booking Holdings (BKNG) also declined more than 7%… Source link

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Holiday season travel could be gangbusters for hotel industry

Marriott CEO Anthony Capuano is ready for a strong year-end as pandemic-era global travel restrictions are eased. “I think it was Sept. 20 when the administration announced their intention to open up the borders. We saw an immediate spike in bookings and have seen it right through to today,” Capuano said on Yahoo Finance Live.  Today, the U.S. ended a pandemic travel ban on international visitors from 33 countries. The ban has lasted 19 months, and was first implemented by the Trump… Source link

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Biden administration just lifted a 19-month COVID-19 travel ban and this hotel is already seeing a major boost

The Biden administration lifting a COVID-19 related travel ban on international visitors on Monday is already proving to be a tailwind for hotelier Hyatt. “This is a momentous day. Reopening the borders for vaccinated travelers is a really great step to take forward and re-engage. The day the Nov. 8 date was announced, we saw an instant surge in bookings. By the way, this week was up 50% overnight in terms of bookings. It just demonstrates what we have seen in virtually every segment of our… Source link

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Here comes the travel boom: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, November 8, 2021 Pandemic travel ban eases in US Macy’s Herald Square gives a hearty welcome back to its international friends.  Today, the U.S. lifts a pandemic travel ban on international visitors from 33 countries. The ban has lasted 19 months, and was first implemented by the Trump administration. International travelers will be… Source link

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Airlines prepare for international travel surge as US eases COVID restrictions

U.S. airlines expect a surge of international travelers when the United States reopens to fully vaccinated visitors Monday. The Biden administration announced the new guidelines in September and set Nov. 8 as the day the borders open. “Delta (DAL) has seen a 450% increase in international point-of-sale bookings versus the six weeks prior to the announcement,” the airline stated in a press release that predicts many international flights will be 100% full and stay that way for several… Source link

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