Rebound

The U.S. Travel Rebound Is Leading Jet Fuel’s Summer Surge

U.S. airports are the busiest since the pandemic began — the strongest sign yet of a domestic travel revival that’s leading the way in jet fuel’s comeback this summer.

Passengers checking in through security at U.S. airports surged to 1.85 million on Sunday, the highest since early March 2020, according to Transportation Security Administration data. The flurry of travelers making their way through airport terminals has steadily climbed for the past month and is now only about 30% lower than levels the TSA saw at the same time in 2019. And we haven’t even reached the U.S. Memorial Day holiday

read more

TravelPerk raises $160 million as VCs bet on business travel rebound

TravelPerk CEO and co-founder Avi Meir.

TravelPerk

LONDON — Venture capitalists are pumping hundreds of millions of dollars into corporate travel start-ups in the belief that business trips will rebound in 2021.

On Thursday, Barcelona-based TravelPerk announced it had raised $160 million in a new funding round. The investment comprised of both fresh equity and debt financing, and was led by Greyhound Capital. TravelPerk helps small and medium-sized enterprises book flights and manage their expenses through its online platform.

And it’s not the only business travel platform picking up large sums of cash. In January, California-based TripActions raised $155 million

read more

Hotel investor with $1bn bets on business travel rebound

Pent-up vacation demand has boosted investor demand for beach resorts and roadside hotels. That crowded wager is already pushing one investor to explore ways to bet on business travel.

Dreamscape Cos chief executive officer Eric Birnbaum said his firm, which has more than $1 billion to buy hotels, sees more opportunity to acquire lodging properties that cater to business clientele, despite corporate America’s hesitance to put workers back on the road.

INSIDERGOLD

Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

“Looking out into

read more

Air Travel’s 2021 Rebound Threatened by Virus Flares, IATA Says

(Bloomberg) — Forecasts for a significant recovery in air travel this year could be wide of the mark as new coronavirus strains extend travel restrictions, according to the airline industry’s trade body.



a room that has a sign on the side of a building: A passenger wheels a suitcase through a deserted arrivals hall at Madrid Barajas airport, in Madrid.


© Bloomberg
A passenger wheels a suitcase through a deserted arrivals hall at Madrid Barajas airport, in Madrid.

Passenger traffic may improve by only 13% compared with last year in a worst-case scenario, the International Air Transport Association said Wednesday. That compares with an official forecast of a 50% rebound issued in December.

Loading...

Load Error

Tough curbs on cross-border trips in response to new Covid-19 flareups could stifle

read more