Tag Archives: politics

White House plans to lift travel restrictions in Europe, source says | Instant News



Discussions have been underway for several weeks on lifting the restrictions, which bar entry to most foreigners who traveled to Europe in the two weeks before arriving in the United States. Reuters first reported on the discussions; the White House did not immediately respond to a request for comment from CNN. An administration official told CNN that the US Centers for Disease Control and Prevention has expressed some reservations about lifting the restrictions, but the agency is not expected to block the move. The talks come at a time. where the United States is experiencing its worst coronavirus outbreak. , and as many European countries are also facing higher levels of coronavirus cases, President Donald Trump has yet to approve the move, but once he does, the restrictions are unlikely to be lifted until long. that the United States and European countries will not have established a security protocol Trump first banned most travel from the European Union and the United Kingdom in March amid a growing pandemic. The EU quickly followed suit, limiting most travel from the United States and other countries. .



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Future returns: investing in travel and entertainment | Instant News


Airlines shares surged after Moderna announced a viable vaccine in November. Getty Images Text size Few actions have followed the realities and feelings surrounding Covid-19 as closely as the travel and entertainment industries. They fluctuated in price in line with the daily headlines, and the good news couldn’t get any traction – until recently. The promise of vaccine delivery within months is great news for the timing of economic recovery. Many investors have taken the news as a signal to start jumping into the downtrodden stocks of airlines, cruise ships, restaurant chains and other leisure stocks. Consider the reaction to Moderna’s announcement of a viable vaccine on November 16: American Airlines and Delta shares jumped 6% and United stock jumped 8% for the day. But many analysts say caution and patience are needed. Major upheavals in the economy have resulted in a highly bifurcated industry requiring careful fundamental analysis of each company, rather than making large-scale sector bets, says Charles Ryan, partner and co-portfolio manager at Evercore Wealth Management at New York. Even with careful inventory analysis, giant unknowns – like how long until a vaccine is distributed? Who will get it first and how will it impact the economy? —This still creates very different opinions about the prospects for many types of leisure actions. Consider Disney. Ryan acquired shares of the theme park operator in March around the stock market lows in 2020. “We took a stand – we knew there would be theme park closures, but other parties of the company, especially the Disney Plus streaming business, has been received much better than people expected, ”says Ryan, who adds that Disney is a fundamental choice. Its entry point was around $ 103 and the stock returned to around $ 140. Meanwhile, Jim Boothe, chief investment officer at Brentview Investment Management in Los Angeles, isn’t convinced about Disney’s prospects. “We owned Disney, but we sold it after omitting or suspending their dividends,” he says. “We were concerned that the theme parks and the movies would take too long to come back.” “Think of cruise lines and destinations like Disney – there’s a bit of a disconnect,” Ryan says, adding that cruise lines have been removed from his portfolio, while he has exposure at Disney. There is however a certain merger of minds on certain types of leisure stocks. Typically, media and entertainment companies with a strong presence in the video game industry have held up on demand from gamers with more free time under orders to stay at home. “PlayStation, Sony and Microsoft are coming out with new consoles for the first time in about five years and it’s creating a lot of excitement,” says Ryan. “Activision Blizzard, Tencent, and Electronic Arts have great products and amazing brands. They have to renegotiate with certain groups like MLS Football and Madden. There is sustainability and excitement around the fact that when you roll out new consoles, there are new software, games, and upgrades. Boothe loves Viacom. It picked up stocks during the March stock market low, as the company traded at twice its earnings. “We thought it was absurd,” he says. “It brought in 4%.” The big challenges for Viacom are its declining movie segment, “but parts of the business are relatively stable and the cash flow is good,” Boothe says. When it comes to actions best avoided, Ryan points to cruise lines, which were beaten earlier this year with the start of the pandemic after a strong 2019. 15% in 2019, but in a reversal of fortunes in the first quarter of this year, its share price fell from a high of $ 114 to below $ 40. “We were long term owners of Royal Caribbean and made a good amount of money, and we got out before it hit its low,” Ryan says. Finances are always negative from an earnings performance perspective, “but that’s something I’m keeping an eye on,” Ryan says. “I’ve known management for a long time and from a geography and innovation perspective I think it will survive – it’s just a little too early to get involved. He says he wants to see a recovery in business before finding entry points. “There will be a hiccup as they resume their activities, and this could be an opportunity to return,” he says. In Boothe’s opinion, airlines and hotels are not quite bought yet. “They are particularly dependent on business travel because it is more profitable for them,” he says, adding that a recovery in business travel is a long-term scenario. Ryan sees an additional problem in the fact that airlines have struggled to differentiate themselves for years. “It’s not something that we think is a big industry other than commerce, but our holding period is 3.5 to five years and I can’t imagine owning one,” he says, but acknowledges that Southwest Airlines is arguably the most sustainable airline and Delta’s management is strong relative to its peers. “We watch them sometimes, but we didn’t pull the trigger,” says Ryan. .



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Bucket list trips booked in record numbers for 2021 and beyond | Instant News



For travelers all over the world accustomed to exploring the planet in style, 2020 presented unprecedented barriers. International travel has stalled, various countries have closed themselves completely to visitors, and entire sectors of tourism have been forced into obscurity. The world’s most demanded luxury tour operators have not been spared the complications caused by the Covid-19 pandemic, but many are reporting an increase in bookings for bucket list trips through the end of 2021 and 2022. The most frequently cited reasons include customers. have a repressed desire; additional funds to be spent due to inability to travel; and the desire to allow time for vaccine development. Various tour operators have also noted a change in the mindset of their clients, comparing the pandemic to major events (like the September 11 terrorist attacks) that have made people think about what really matters to them. , safaris in particular attracting families. looking to spend quality time and bond through a shared experience that appeals to all ages. According to recent data provided by Berkshire Hathaway Travel Protection, list travel was one of the most frequently canceled types of travel in 2020, but it is the most frequent type of travel for international travel scheduled in 2021. “The reality that no one wants to hear about is that 2021 is already pretty full and space is hard to find,” reports Kent Redding, president of Africa Adventure Consultants (AAC), a safari tour operator. luxury African who organizes personalized and highly organized trips to the main destinations of the continent. In fact, 90% of AAFC customers who were scheduled to be on safari from April to December of this year postponed to 2021 and 2022, leaving little room for new bookings. In the past three months, 77% of future requests were for 2021, while 23% were for 2022. “There is a set of customers who are focused on the trip of a lifetime that they dream of,” says Redding. Now in its 25th year, luxury travel company Classic Journeys sees the most interest and bookings for 2021 and 2022 generated by combining bucket list experiences. “The pent-up demand from our customers manifests itself in two ways, both related to bucket lists,” says founder Edward Piegza. “Some tell us that they have come to the realization that life could be shorter than they thought before Covid, so they are looking for us to combine several top destinations for them like Machu Picchu and the Galapagos.” A trip to the Amazon with Intrepid Lindblad Expeditions. Lindblad Expeditions As one of the world’s most respected names in luxury safaris, Micato’s offerings span the gamut from shorter getaways of just a few days to six-figure month-long itineraries. The company, which was founded 55 years ago by second-generation Kenyans, recently created a personalized six-week African safari for a family choosing to wait until summer 2023. “The intimacy and the vastness safari have always lent themselves to distance our travelers from the rest of the world, so we are optimistic that the past and future of Micato’s guests will be discovered and rediscovered through the magic of the safari ”, says Dennis Pinto, Director General of Micato. Micato reports that revenue in 2021 is expected to exceed that of 2019, which was its best year ever. (Excursions for summer 2021 are all but sold out.) Company data shows other changes are clearly being caused by the pandemic. The average duration of a safari in 2019 was 13 days, while in 2021 it was 16 days; in 2019, 42% of safaris involved private charter flights (as opposed to scheduled flights) within destinations, while in 2021, private charters will be used on 68% of Micato’s safaris. The company saw its highest demand for family travel in 2021-2022, explaining how families followed health guidelines while postponing or canceling weddings, graduations, summer vacations and upcoming vacations winter. Many guests opt for Micato’s ‘exclusive use’ options, where guests take charge of an entire six to eight tent safari camp or a large safari villa or private estate, with some focusing on experiences truly unique to spectacular, yet remote, areas. One example: a helicopter tour to Lake Bogoria in the Great Rift Valley to observe a million flamingos from the air – something few can see. Intrepid Travel, the world’s largest small-group adventure travel company, reports that its Antarctic trips are among the most booked for 2021. In 2019, the certified B-Corp offered over 2,700 trips in over 130 countries and on all seven continents. “Over the past four months, we’ve seen an increase in the number of customers booking remote travel to countries full of adventure. From July through September, Intrepid Travel’s Antarctic trips – away from the crowds, which is widely considered the ultimate bucket list adventure – were our top-selling trips for North Americans, ”says Matt Berna, Managing Director of Intrepid Travel in North America. “On these bucket list adventures, our customers are increasingly interested in scaling and customizing tours.” The company’s October data showed the Galápagos Islands to take the top spot for sales growth, followed by Antarctica, Tanzania and Madagascar. (The average booking time in North America was 328 days.) African safaris are particularly in demand. Micato Safaris Lindblad Expeditions, which has partnered with National Geographic for more than 15 years, reports that the majority of its customers who were unable to travel in 2020 have booked the same trip for 2021 or 2022. Both 35- Les Epic Antarctica day expeditions for 2021 and 2022 are sold out with a waiting list, and pre-bookings for 2023 have already started. Other destinations such as Alaska, the Galapagos Islands and Iceland remain in high demand. “2020 has become the year of stays and domestic exploration. However, mid-2021 and beyond is shaping up to be very different, ”says Gina Gabbard, Lindblad Sales Director. International luxury travel company Red Savannah reports increased demand in recent weeks for longer trips for the second half of 2021 and beyond, as customers are prepared to wait and upgrade to make up for lost 2020 vacations. “We anticipate that the market chaos and uncertainty of 2020 will be replaced with a steady return to normalcy starting in April 2021,” said George Morgan-Grenville, CEO of Red Savannah. “People aren’t so keen on traveling at high speed anymore, collecting Instagram trophy photos as they go. Instead, we are seeing a more contemplative approach. These trends have been reflected in various segments of the luxury travel industry, as evidenced by Regent Seven Seas Cruises, which at the end of last month achieved the largest reservation day in the airline’s 28-year history. luxury cruise with the launch of its 2022-2023 Travel collection. . Day one sales for its 2023 Global Cruise – Beyond the Horizon will cruise from Miami to Barcelona for 143 nights – shattered its previous opening day benchmark, with bookings doubling the record set by the 2022 Global Cruise. “Luxury travelers just can’t wait to return to the oceans to see the world again,” said Jason Montague, President and CEO of Regent Seven Seas Cruises. “Our loyal customers wereted no time in getting their perfect itinerary. The launch day totals for last year’s Voyage collection were completely eclipsed after just 90 minutes on sale. Wild Women Expeditions (WWE), the world leader in adventure travel for women, is an example of a specialist operator that Covid-19 has unimaginably affected. “We’ve been running trips for 30 years, starting with affordable canoe trips in Canada, and while we’ve grown globally our product has been fairly small,” says Jennifer Haddow, owner and manager of the WWE. “We’ve never really seen enough demand to deliver these premium five-figure routes. Until this year. We’ve had tremendous interest from our community of all-female travelers, women who say, ‘Once I can travel again, I won’t hold back.’ The sudden increase in demand for sightseeing tours prompted the supplier to develop a new relationship with Adventure Canada for its Arctic and Antarctic trips in 2022-2023. “For our customers to entrust us with their bucket list adventures – and their travel funds – it shows how anything is possible, even for small travel brands as we sail and try to recover from Covid-19,” says Haddow. “I’m always trying to come to terms with the idea that I’m selling $ 20,000 trips. I didn’t know what to expect from this year and had to make some tough choices. But now I can’t wait and it’s hard to see anything other than opportunities. “.



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Good Company: Wilderness, Travel by Women for Women | Instant News



For Lauren Bates, traveling the world solo was a wake-up call. As a passionate traveler – she visited 30 countries at age 30 – she realized how much she craved connection and the desire to explore places and cultures with like-minded women rather than alone. This awareness, combined with her love of travel, led her to create the company Wild Terrains, a brand specializing in travel for women. “The idea for Wild Terrains came to me when I was looking for a women-only group travel experience, and I couldn’t find what I was looking for,” Bates says. Most of the trips she found were focused on a specific activity or geared to a particular age group. “It has frustrated me on a personal level because I am a more dynamic traveler,” she adds. Bates, 32, yearned for a more inclusive travel experience, incorporating local life and culture, as well as food, shopping, art and history. She thinks other women crave connections and experiences when traveling, too, and that they shouldn’t be put into just one category. “Just because you love yoga doesn’t mean you want to do yoga every day on vacation,” she says. “And just because you’re 70 doesn’t mean you want to take a senior citizen trip.” Like all travel agencies, Wild Terrains had to postpone its 2020 trips due to the pandemic. But Bates remains optimistic. “Once it is safe again, women will seek out community-driven travel experiences.” ARTICLE Wild Terrains customizes group itineraries for women, organizing trips to Mexico City, Portugal and Argentina. Each coming year will present a new destination. Each trip is limited to 12 travelers. PRICES Costs vary depending on the destination. Mexico City starts at US $ 2,150 per person, Portugal US $ 2,990 per person and Argentina starts at US $ 3,890 per person. DESCRIPTION Founded in 2017, Wild Terrains connects women from all walks of life and at all stages of life through travel. “We want to give women not only a safe space to explore the world, but also a space to nurture their creativity and build relationships with each other,” says Bates. Lauren Bates, founder of Wild Terrain. Wild Terrain The brand is extending its footprint in a thoughtful way, devoting up to a year to researching, locating and organizing each destination, she explains. Because Bates grew up in Houston and speaks Spanish, Mexico City was a natural fit for Wild Terrains’ first destination, followed by Portugal, then Argentina. “We just added Argentina in September and we are starting to work on our fourth destination, which will be launched in 2021.” The trips include a range of activities such as a mercado food tour in Mexico City, a street art tour in Lisbon, and a trek through Patagonia, which all support local economies. Wild Terrains routes and partners are listed on its website, so potential customers know exactly where their tourist dollars will go if they decide to go on a trip. Trips are booked online at wildterrains.com. WHAT IS THE RIGHT? The company is low-impact, sustainable and climate-friendly, and works exclusively with local women business leaders, including chefs, artists, hoteliers, designers and historians. “If I was going to bring women’s groups to a destination, I felt responsible for supporting local women-owned businesses,” Bates says. NEXT In December, Wild Terrains will be collaborating with Mexico-based fashion label Amor y Rosas (Love and Roses). The women-founded business uses responsibly sourced materials and showcases the work of women artisans and their hand-embroidered clothing line, as well as luggage tags, passport holders and face masks. Bates used the shutdown to host virtual gatherings for travelers and brand partners to communicate from their living rooms, and she plans to offer more online dating in the future. “We will be expanding this concept in 2021, hopefully giving our travelers a way to feel like they are traveling even when they are at home,” she says. While 2020 was the year of wheelchair travel, things are looking up for 2021. According to Bates, she has 16 trips scheduled for 2021 and 70% are full. As the company’s destination portfolio expands each year, it is confident in its ability to connect with female entrepreneurs from all over the world. “I have the mentality that we can create this anywhere.” .



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Bill Gates says over 50% of business travel will disappear in the long run | Instant News



The coronavirus will fundamentally change the way people travel and do business, even after the pandemic ends, Microsoft co-founder Bill Gates said on Tuesday. “My prediction would be that over 50% of business trips and over 30% of days in the office will disappear,” Gates told Andrew Ross Sorkin at the New York Times Dealbook conference. Going forward, Gates predicted that there will be a “very high threshold” for taking business travel now that working from home is more feasible. However, some companies may be more extreme in their efforts to reduce in-person meetings than to do so. ‘others, he said. Gates, whose foundation has worked to provide a coronavirus vaccine to those most in need, told a new podcast, “Bill Gates and Rashida Jones Ask Big Questions , “that he had a” simpler schedule “because of the pandemic now that he is not traveling on business. The philanthropist and technical director, who appeared alongside Pfizer CEO Albert Bourla at the Tuesday’s live conference, said he already had org Aniseed five virtual roundtables this year with executives from the pharmaceutical industry – a meeting typically held in person in New York City. “We’ll go to the office a little bit, we’ll take business trips, but a lot less,” Gates said. The pandemic has devastated demand for air travel, especially for lucrative business travel. Business travelers before the virus made up half of U.S. airline revenues, but only 30% of travel, according to Airlines for America, an industry group that represents most U.S. carriers, but Microsoft executives predicted that business travel will rebound, even as the company strives to make air travel more sustainable. “We believe that when we return to the skies, the routes we have taken … will resume to the same level as before,” Judson Althoff, vice president of global business operations at Microsoft, said in October. – CNBC’s Leslie Josephs contributed to this report. .



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