Can Airbnb survive the coronavirus pandemic?

Can Airbnb survive the coronavirus pandemic?

Airbnb is one of the many businesses in the travel industry that has been hit hard by the coronavirus pandemic. In March 2017 Airbnb was valued at $31 billion. By the end of April 2020 it was worth $18 billion.  At the beginning of May, the company was forced to lay...
Norwegian Cruise drops, cruise stock outlook

Norwegian Cruise drops, cruise stock outlook

Cruise lines are having a chaotic year. The three major cruise liners — Carnival Corp., Royal Caribbean and Norwegian Cruise Line Holdings — have been under pressure for months amid the coronavirus-driven shutdown, seeing their stocks each lose over 70% and being...
China tourism spending drops during major post-coronavirus holiday

China tourism spending drops during major post-coronavirus holiday

Chinese authorities lifted a more than two-month ban on outbound travel from the city where the global pandemic first emerged. Hecto Retamal | AFP | Getty Images Millions of Chinese people kept their spending down during the first major holiday in China since the...
Coronavirus pandemic’s impact on travel, tourism in 5 charts

Coronavirus pandemic’s impact on travel, tourism in 5 charts

Information board displaying cancelled flights at the departure hall at Kansai International Airport on March 10, 2020 in Osaka, Japan. Tomohiro Ohsumi | Getty Images From spring breaks to summer holidays, the coronavirus pandemic has disrupted travel plans globally...