travel

Airlines And Restaurants Grapple With The Capacity And Cash Burn Challenges

Airlines And Restaurants Grapple With The Capacity And Cash Burn Challenges
Airlines And Restaurants Grapple With The Capacity And Cash Burn Challenges
April 15, 2020  |  Economy

The coronavirus has challenged any number of businesses on several levels – and among the most challenged verticals have been the restaurant and airline segments....

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Carnival CEO: Cruise Reservations Up For 2021 Despite Pandemic
Carnival CEO: Cruise Reservations Up For 2021 Despite Pandemic
April 15, 2020  |  Travel Payments

COVID-19’s impact on the cruise industry is so far not affecting reservations for 2021, which are up 40 percent over 2019. Carnival, the world’s biggest...

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Airbnb Notches Second $1B Loan As Bookings Fall
Airbnb Notches Second $1B Loan As Bookings Fall
April 15, 2020  |  Investments

Airbnb Inc. received a second infusion of cash with a $1 billion loan from institutional investors, the company announced on Wednesday (April 14). Get the...

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Airlines Eye Selling Miles For Cash
Airlines Eye Selling Miles For Cash
April 13, 2020  |  Economy

Cash is the buffer that can help companies grapple with the drop in consumer demand, the ripple effects of disrupted supply chains and disappearing top...

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Away Luggage Company Furloughs Approximately Half Its Staff
Away Luggage Company Furloughs Approximately Half Its Staff
April 09, 2020  |  Retail

With the COVID-19 pandemic bringing travel to a standstill, Away has announced it is furloughing approximately half of its team and laying off an additional 10 percent....

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Airbnb Customers Want Refunds
Airbnb Customers Want Refunds
April 07, 2020  |  Economy

Amid disruptions in the travel industry, Airbnb pledged in March to provide cash refunds to qualified guests who have had stays disrupted by the coronavirus...

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Airbnb Gets $1B To Bolster Its Host Network
Airbnb Gets $1B To Bolster Its Host Network
April 06, 2020  |  Investments

Airbnb will be getting a leg up financially in the form of help from investors Silver Lake and Sixth Street Partners, who will funnel $1...

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What Will It Take To Get Back To A Pre-COVID-19 Economy? A Vaccine
What Will It Take To Get Back To A Pre-COVID-19 Economy? A Vaccine
April 06, 2020  |  Economy

For technologists and those in the payments arena, a fast-moving world is standard operating procedure. Today’s shiniest innovation will be old hat in six months –...

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