Category Archives: Travel

STA Travel stops | TTG Asia | Instant News


STA Travel office store in Chatswood Westfield Center. It is a travel agency headquartered in London (UK) and primarily catering to students and young adults. Travel agency STA Travel, which has three outlets at different universities in Singapore, has gone out of business after its parent company in Switzerland filed for insolvency last month. Its closure will affect up to 682 clients who are listed as creditors, according to a Straits Times report. STA Travel Is Latest Travel Agency To Close As Pandemic Continues To Impact Travel Demand; On behalf of STA Travel, auditing firm Deloitte and Touche issued a notice last week listing potential creditors with the largest sum of S $ 84,088 (US $ 61,342) owed to an individual. The notice also lists organizations, including the National University of Singapore, Singapore University of Management, Nanyang Technological University, and Republic Polytechnic. Other named creditors are the CPF Board of Directors, The Esplanade, the Singapore Boy Scout Association and Singtel. According to the report, many university students who had booked flights with the travel agency, for example for exchange programs, were affected. Some have received travel vouchers after their flights were canceled amid the pandemic. STA Travel offices in other countries such as Australia and New Zealand have also been put into liquidation.



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Chicago to update coronavirus travel order requiring 14-day quarantine – NBC Chicago | Instant News


The city of Chicago is expected to update its emergency travel order requiring a 14-day quarantine on Tuesday. Wisconsin was one of many sites added to the order last week, along with Montana, Idaho, Minnesota and Puerto Rico. Kentucky and Louisiana were removed, leaving the total number of locations on the list at 19. Dr Allison Arwady, commissioner of the Chicago Department of Public Health, previously warned that Wisconsin had reached the point of inclusion . Arwady said last week that Wisconsin was “currently under very poor COVID control,” adding that the state had more than double the average 15 daily cases per 100,000 population, which is the threshold to be named on the Chicago travel order. That number continued to climb, standing at 37 new cases per 100,000 population on Monday, more than double the Chicago threshold and nearly three times the maximum allowed by many states before a quarantine was required. The state’s positivity rate also continues to skyrocket. On Friday it was already high at 16.5%, and on Monday the rate was 18.2%. Wisconsin was one of many places added Tuesday to Chicago’s emergency travel order requiring a 14-day quarantine. Chris Hush reports. Throughout September, Wisconsin also saw an increasing number of cases. Last Friday, Wisconsin reported its highest ever record for new cases, with 2,504 cases. According to the Chicago Travel Order Guidelines, those traveling to or from Wisconsin for work and those traveling across the state to travel will not need to quarantine, Arwady said. However, those who travel to the state for recreation, even for less than 24 hours, will need to be quarantined, she said. The week before, Chicago’s quarantine list fell to 16 states when Florida, Idaho, North Carolina, Texas, Hawaii and Nevada were all removed and Utah added. States are added to the list if they have “a case rate greater than 15 new cases of COVID-19 per 100,000 population, per day, on a 7-day moving average.” If they fall below this threshold, they could also be deleted. The Chicago travel order, which began July 6, is evaluated every Tuesday, with additions taking effect the following Friday. The states currently included are: Alabama, Arkansas, Georgia, Idaho, Iowa, Kansas, Minnesota, Mississippi, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Carolina, South Dakota, Tennessee, Utah, and Wisconsin. Puerto Rico is also on the list. Arwady said travelers entering or returning to Chicago from “states experiencing an increase in the number of new COVID-19 cases” will need to be quarantined “for a period of 14 days from the last contact in the State identified “. Essential workers could, however, be exempted from the quarantine requirement, provided their employer certifies their work in writing. The ordinance will remain in effect until further notice. New York and New Jersey are also asking visitors from several states, including Illinois, to self-quarantine for two weeks. Yet, outside of Chicago, Illinois Governor JB Pritzker said the state is unlikely to require residents traveling to and from neighboring states to be quarantined for two weeks only at because of this trip. But the Illinois Department of Public Health has released a “travel card” showing which states pose a “higher risk” to travelers. The state card uses the same criteria as the Chicago travel order to determine which states are considered to be at increased risk. “Travel can increase the risk of becoming infected and spreading COVID-19,” IDPH director Dr Ngozi Ezike said in a statement. “To help inform residents of places where they are more likely to be exposed to COVID-19 when traveling, the IDPH has launched a map that clearly shows which states and other countries have high case rates. While staying at home is the best way to protect yourself and others from COVID-19, we know that it may not be possible to avoid all travel. We encourage people traveling, whether for work or other reasons, to consult the map before planning. “.



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A GLOBAL SOLUTION FOR THE COMPLEXITIES OF TRAVEL | Instant News



Dubai, United Arab Emirates, September 29, 2020 (GLOBE NEWSWIRE) – Private jet travel could be down – in August, private flights were down 21.2% from the same period in 2019 – but the rebound accelerates. There is a new demand from new customers. Private jets cater for passengers who can’t find the commercial route they want or who have the peace of mind they’re looking for. As private jet companies expand to meet this new demand, so do companies that provide operational support to private flights, including private terminals, travel assistance, and fuel suppliers. A company with a global network that operates more than 30 terminals around the world, Jetex operates flights for travel to Europe, Latin America, Africa, the Middle East and Asia-Pacific, not only respecting but exceeding the safety requirements of each country. This means regularly cleaning the elevated contact surfaces in the terminal and meeting testing and quarantine requirements, whether in Paris, Malaga, Dubai, Marrakech or Abidjan. To clean airplane cabins, Jetex uses the very latest technology, bipolar ionization, which leaves no chemical residue and is odorless. “In an age where travel can be so complex, it helps aircraft operators, operations managers and pilots have the simplicity of one company providing everything travel needs, one company to manage. seamlessly all requirements, ”said Adel Mardini, Founder CEO of Jetex, a global aviation company. “We are a unique solution.” With limited leisure travel between the United States and the European Union, business lanes become an attractive option for crossing the Atlantic. Companies like Jetex help operators, pilots or passengers find these lanes and meet the requirements. Once they have cleared one Schengen country, they can easily fly to another. As demand rises and falls during times of uncertainty, the private jet industry can do its best to provide more certainty, more continuity of service on open routes and for travelers who have yet to get there. or they will. “People always go on vacation. The Caribbean is still a popular destination. We provide trip planning, fuel and ground handling for destinations open and ready to welcome US travelers. This includes safe advice to more remote and exotic destinations in Africa, Asia-Pacific and the Middle East. Said Mardini. We are a truly global company, so we can help you get to wherever you are in the world. “” I have such a positive vision for the future of the industry that I am expanding our network. We will soon announce an entry into new markets, adding new locations to our network of private terminals, ”concludes Adel Mardini. “We anticipate remarkable growth over the next three to five years.” About Jetex: An award-winning global leader in business aviation, Jetex is recognized for providing flexible, best-in-class travel support solutions to customers around the world. Jetex provides exceptional private terminals (FBOs), aircraft refueling, ground handling and global travel planning. The company caters to both owners and operators of business aircraft for business, commercial and personal travel. To learn more about Jetex, visit www.jetex.com and follow us on Instagram, Twitter, Facebook and LinkedIn. Jetex Ambassadors Jetex Ramp-min Oleg Kafarov Jetex +971 4212 4900 [email protected]



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Adelman Travel unveils innovation in the future of pre-travel approval | Instant News



If you really want to know what stocks the experts – and those in the know – are buying, pay attention to what they’re doing. Stock reports, company reviews, and press releases are useful, but you will get important information just by watching what insiders are doing. benefits. Tracking their stock purchases can be a useful strategy, because if an insider is spending their own money on a stock, it could indicate that they think big gains are in store, so investors look for stocks that could fly “ under the radar, ” but with the potential for a rapid rise, insider buying surveillance identifies some sweet market games. To aid this research, TipRanks Insiders’ Hot Stocks tool kicks off the footwork – identifying stocks that have seen informative moves from insiders, highlighting several common strategies being used by insiders, and collecting the data in one place. Here are the details of three stocks showing “ informative buys ” in recent days. TravelCenters of America (TA) We’ll start with a company that you probably don’t think about often, but one that provides an essential service. TravelCenters of America is the largest publicly traded owner, operator and franchisor of full-service rest areas in the United States. TA began to operate truck stops for rest, repair and maintenance, and has since expanded to full-service refueling stations offering both gasoline and diesel, fast food restaurants , convenience stores and other rest areas. Their network of rest stops is part of the infrastructure that makes long-distance motorized transportation, both private and commercial, possible in the U.S. As one can imagine, social lockdowns and travel restrictions during the coronavirus pandemic were not good for TA. The good news is that the worst of the pandemic struck in the first trimester, and the first trimester is normally the slowest of the year for TA. This year, the first quarter posted a net loss of $ 1.81 per share. In the second quarter, when warmer weather normally results in an increase in driving, pandemic restrictions were also – at least partially – lifted, and TA reported a sudden turnaround, with earnings per share of 59 cents . Even so, it missed the forecast by almost a dime. The outlook for the third quarter, normally the strongest of the year in TA, is for EPS of 73 cents. As for insider trading, Adam Portnoy of the board made the most recent purchases. Earlier this month, he bought more than 323,000 shares, depositing more than $ 5.32 million for the share. BTIG analyst James Sullivan makes two observations on TravelCenters. First, he points out, “The long-haul trucking industry accounts for about 71% of the total primary tonnage in the freight industry in the United States, making it the primary mode of freight transportation.” Sullivan then adds that this opens up an opportunity for TA in the future: “The increasing demands of the country’s large trucking fleets for consolidated service providers capable of providing nationwide fuel and truck services appear to be. likely to lead to further consolidation in the industry. ” Sullivan Rate TA shares a buy, and his price target of $ 34 suggests the stock has an impressive 82% upside potential for the year ahead. (To see Sullivan’s track record, click here) Overall, TA shares are rated as a strong buy by analyst consensus, based on 5 recent reviews, including 4 buy and 1 hold. The shares are selling for $ 19.24, and the average price target of $ 22.70 suggests an upward growth margin of 18%. (See TA Stock Analysis on TipRanks) Highwoods Properties (HIW) The following stock is a real estate investment trust. Highwood operates primarily in the Southeastern United States, but also in Pittsburgh, where it acquires, develops, leases and manages a portfolio of suburban offices and light industrial properties, where most companies have reported heavy losses during the corona crisis, HIW saw its revenues hold steady in 1H20. stable. EPS grew sequentially in the first quarter and remained stable in the second quarter at 93 cents. Both quarters beat EPS expectations. Despite the good financial results, HIW stocks still have not recovered from the market crash in the middle of winter. The stock is down 27% since the start of the year. As a result, Highwoods has maintained its dividend, as is often the case with REITs. The company has a 17-year history of dividend growth and reliability, and the current payout of 48 cents per common share has been stable over the past 7 quarters. At this level, it annualizes to $ 1.92 and gives a return of 5.8%. Highwoods insider trading came from board member Carlos Evans, who bought 10,000 shares for $ 337,000 last week. His move was the first informative purchase on HIW in the past 6 months. Tourism analyst Michael Lewis is impressed with the quality of HIW’s portfolio. He writes: “We continue to believe that HIW’s portfolio is one of the best positioned among traditional office REITs in light of the COVID-19 pandemic. Rent collection has been excellent and there is no short term lease expiry. More generally, the portfolio should benefit from a focus on the suburbs of Sunbelt, close to driving, ”. Consistent with these comments, Lewis credits the stock with a buy. Its price target of $ 45 indicates a potential upside of 31% from current levels. (To look at Lewis’ track record, click here) Overall, HIW has a cautiously optimistic moderate street buying consensus rating. This breaks down into 2 purchase reviews and 1 pending. We can also see from TipRanks that the average analyst price target is $ 43, which implies a rise of around 25% from the current stock price. (See HIW market analysis on TipRanks) VEREIT (VER) The last stock on our insider trading list is another REIT. VEREIT is the leading owner and manager of retail, restaurant and commercial real estate, with a portfolio that includes more than 3,800 properties with a collective value of $ 14.7 billion. The company’s assets are 45% retail and 20% restaurants; the remainder mainly concerns offices and light industrial sites. The total square footage is 88.9 million square feet, so VEREIT is a REIT giant – but its size hasn’t shielded it from the general downturn this year. Stocks have performed poorly and earnings have gradually declined since the fourth quarter of last year. Second-quarter results showed $ 279 million on the high line, the lowest in a year – but the quarter also saw profit rebound to the upside, reaching 17 cents per share. VER cut its dividend earlier this year. year, reducing the payout to 8 cents per share to keep it in line with earnings. This dividend has been maintained and the next payment is scheduled for mid-October. The current dividend yield is 4.5%, well over double the average for S&P stocks. The big VER insider trading comes from board member and CEO Glenn Rufrano. He spent over $ 252,000 on a block of 40,000 shares, pushing insider sentiment on that stock into positive territory. Covering JPMorgan’s stock, 5-star analyst Anthony Paolone sees significant strength in VER, noting that the company was successful in collecting rents during the crisis period. “[Its] the collections showed a good improvement from July, with 85% of collections in 2Q and 91% in July; taking into account all the allowances and deferrals, it appears that at this point around 94% of the pre-COVID contractual rental income has been processed, and it seems to us that a normalized execution rate for this vast majority of the portfolio should settle in early 2021; the company is making progress in processing the remaining 5-6% of non-collections, ”noted Paolone. Paolone gives VER an overweight (i.e. buy) rating, and his $ 8 price target implies a 22% hike for the next 12 months. (To see Paolone’s track record, click here) Overall, VER drew some optimism mixed with caution regarding the consensus opinion of analysts on the sell side. Out of 5 analysts surveyed over the past 3 months, 3 are optimistic about the title, while 2 remain on the sidelines. With an upside potential of 11%, the consensual target price of the stock stands at $ 7.25. (See VEREIT Stock Market Analysis on TipRanks) To find great ideas for stocks traded at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that brings together all the information about TipRanks stocks. those of featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.



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China’s most popular travel destination? A site in Wuhan, epicenter of COVID | Instant News



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