The Airbnb logo is displayed on the Nasdaq digital billboard in Times Square in New York on December 10, 2020. Kena Betancur | AFP | Getty Images Wall Street analysts see plenty of growth ahead for Airbnb’s business, but they don’t see much room for the stock to run after it more than doubled in
Passengers at the Miami International Airport Leslie Josephs | CNBC U.S. travel hit a new pandemic high on Sunday, capping a surge in holiday demand despite new Covid-19 infection levels. More than 1.3 million people passed through Transportation Security Administration checkpoints at U.S. airports on Sunday, 55% of the 2.4 million people TSA screened a
JPMorgan Chase has agreed to purchase the credit card rewards and travel operations of a former partner to bolster its loyalty program, CNBC has learned. The bank agreed Monday to acquire the technology platforms, travel agency, gift card and points businesses of cxLoyalty Group, a privately-held Stamford, Connecticut-based company, according to a person with direct
As 2020 draws to a close, many of us will be thankful to bid farewell to a year like no other, one fraught with fear, sadness and challenges. Yet, despite the hardship of the coronavirus pandemic, this year will also go down as a momentous one for all the rapid developments it has brought about
American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, December 29, 2020. Marco Bello | Reuters American Airlines expects the impact of the coronavirus pandemic to continue to weigh on demand and schedules into 2021, the carrier’s president said
The lack of Covid testing capacity in the United States could mean the new, highly transmissible coronavirus strain that first emerged in the United Kingdom is already working its way through communities across the U.S. That’s according to Dr. Nahid Bhadelia, the medical director of the Special Pathogens Unit at Boston Medical Center. “To find
Two men paint graffiti of frontline workers on a wall during the coronavirus pandemic in Mumbai, India. Imtiyaz Shaikh | Anadolu Agency | Getty Images SINGAPORE — The Covid-19 pandemic has sent the global economy into one of its worst recessions ever, and it isn’t yet clear when a full recovery will be in place.
This is not the year for big Christmas parties, but that doesn’t mean that holidaymakers can’t create their own festivities at home with the help of seasonal cocktail recipes from around the globe. From sweet treats to serious spiced drinks, here are CNBC Global Traveler’s picks for simple yet chic cocktails that can be prepared
For many Americans, the classic carol “I’ll be Home for Christmas” will literally describe their plans this holiday weekend, as most opt to celebrate in place amid the ongoing pandemic. Only about a quarter of people nationwide will travel for Christmas and New Year’s, down from about one-third or so last year, and most of
A view of signage leading to one of the testing centers at Heathrow Airport on December 22, 2020 in London, England. Joseph Okpako | Getty Images News | Getty Images The United States will begin requiring people flying in from the U.K. to test negative for Covid-19 no more than 72 hours before departure, the
For people staying safely at home this holiday season, new virtual tours let anyone with an internet connection tour famous Christmas destinations around the world. Homebound travelers can book live interactive tours with local guides to learn about everything from the religious sites of Jerusalem to the department store displays of New York City.
People walk past the closed entrance of the Eurostar terminal at Brussels South railway station after Britain’s European neighbors began closing their doors to travelers from the United Kingdom amid alarm about a rapidly spreading strain of coronavirus, in Brussels, Belgium December 21, 2020. Yves Herman | Reuters LONDON — Anxious, angry, and alone. That’s
Travel stocks are in turmoil, again. Airlines, hotel and cruise stocks sold off Monday as a new Covid strain broke out in the U.K. and Europe tightened travel restrictions. It does not make sense to jump into these names yet, even with the pullback, Joule Financial President Quint Tatro told CNBC’s “Trading Nation” on Monday.
Young businessman wearing protective face mask in business first class seat. Mongkol Chuewong Everyone has an opinion on the return — or looming extinction — of business travel. Do the predictions match the view from the the top executives across corporate functions, and across all sectors of the global markets, who have actually done much
We all need a vacation after 2020. And with vaccines being shipped out around the country, now might be a good time to start planning your much-needed getaway in 2021. The most important part of any trip you plan during Covid-19 will be flexibility, according to Nisreene Atassi, the global head of communications at Brand
Winnebago CEO Michael Happe told CNBC on Friday he expects the coronavirus pandemic-inspired surge in recreational vehicle sales to last into next year. The comments came after the Forest City, Iowa-based company reported strong quarterly results that exceeded Wall Street expectations. Investors cheered the quarter Friday, with shares of Winnebago closing higher by more than
New preflight testing programs are allowing a small number of Americans to have a European Christmas holiday this year after all. On Tuesday, Delta Air Lines launched a Covid-19 testing program for customers flying from Atlanta to Amsterdam, while a second program is scheduled to start on Saturday for Delta passengers flying to Rome. Unlike
When a Covid-19 outbreak emerged at one of Rob Katz’s Colorado ski resorts in March, he knew it was going to be a game changer. “It was a defining moment,” the Vail Resorts CEO told CNBC. “I immediately felt a different level of responsibility.” That was true not only for the mountain holiday operator’s 34
JetBlue CEO Robin Hayes told CNBC on Tuesday he was optimistic that the deployment of coronavirus vaccines would help kick-start demand for air travel around the world, drawing on his experience with his own family. “Just before coming on this show, I just called my mother over in the U.K. She just had her Covid vaccination today,”
Delta Airline employees check in luggage at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. During the COVID-19 pandemic, all employees and passengers are required to wear facemasks while onboard a Delta plane. Michael A. McCoy | Getty Images Delta Air Lines CEO on Wednesday asked employees to sign up for