In this article PEJ Money is pouring into one exchange-traded fund tied to the reopening trade. Invesco’s Dynamic Leisure and Entertainment ETF (PEJ) has seen its assets climb from around $50 million a year ago to $700 million at the start of 2020 and more than $1.5 billion as of this Thursday, said John Hoffman,
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Are any airline stocks worth buying on sale? Two traders grappled with that question on Tuesday as the group slid on concerns around a fuel shortage stemming from this weekend’s cyberattack on a major U.S. pipeline. The U.S. Global Jets ETF (JETS), a basket of 39 airline stocks, ended trading down more than 1.5% on
In this article AAA Las Vegas is the top road trip destination for Memorial Day travel in 2021, says AAA Travel. Hisham Ibrahim | Photographer’s Choice RF | Getty Images Travel looks set to continue its rebound during the upcoming Memorial Day weekend, which traditionally marks the start of the summer vacation season, with AAA
In addition to on-site yoga classes and ergonomic desks, companies may have a new wellness initiative up their sleeves — granting workers an annual period of remote work. Remote work has proved popular with many workers, with 54% of employees saying they want to keep working from home after the pandemic ends, according to
For some homebound travelers yearning for a vacation, the question isn’t whether to book a vacation this year, but when. Enthusiasm for travel is at its highest point in a year, with 87% of American travelers expected to take a trip this summer, according to a survey conducted last week by travel market research company
The Centers for Disease Control and Prevention is allowing cruise ships to resume operations this summer, but Norwegian Cruise Line CEO Frank Del Rio says that will be unlikely given the agency’s tough requirements. “I seriously doubt we will be able to stand up a vessel out of a U.S. port in July. August is
Tycoons and Bollywood stars may be among the most high profile residents fleeing India’s shores on private jets as the coronavirus crisis escalates — but they are by no means the only ones, according to private jet charter company JetSetGo. The situation in India has become so dire that even upper-middle class families are pooling
Visitors walk along the Badaling section of the Great Wall in Beijing, China, on Tuesday, May 4, 2021. Yan Cong | Bloomberg | Getty Images BEIJING — Millions of Chinese rushed to travel during the five-day Labor Day holiday, in yet another sign of gradual recovery in domestic consumption. May 1 to 5 marked the
People walk past the official sign marking the Dubai Expo 2020 near the Sustainability Pavilion in Dubai on January 16, 2021. – The six-month world fair, a milestone for the emirate which has splashed out $8.2 billion on the eye-popping venue in the hope of boosting its soft power and resetting the economy, will now
Yagi Studio | DigitalVision | Getty Images Needing documents to travel is nothing new — after all, checking in for a flight requires some form of ID and, if you’re bound for somewhere foreign, it’ll have to be a passport. The same goes for car or train trips that cross the U.S. border, where from
Private jet charter company VistaJet has outlined plans to reach carbon neutrality by 2025 in a bid to get the aviation industry’s sustainability goals off the ground. The strategy includes carbon offsetting schemes contributing to forest protection in Zimbabwe and the Brazilian Amazon, as well as the option for customers to pay extra for sustainable
In this article L Loews Hotels CEO Jonathan Tisch told CNBC on Friday that he sees indications that large events will return soon, a key piece of the hospitality industry’s recovery from coronavirus pandemic-induced woes. “We are starting to see groups come back. We are very optimistic about group business in Q3, Q4, next year
The Biden administration’s recently announced restrictions on travelers from India are unlikely to play a significant role in limiting new coronavirus cases in the U.S., Dr. Scott Gottlieb told CNBC on Friday. “Will it have an impact? Perhaps a minor impact on the margins in terms of reducing introductions. It’s not going to dramatically affect our
The list of places that’s welcoming vaccinated people is growing by the week. Proof of vaccines is easing travel restrictions to some places, and is the only way travelers can gain entrance to others. Yet from health forms to testing protocols, travel remains complicated even for the immunized. Rules differ from one country to the
In this article NCLH CCL RCL Royal Caribbean CEO Richard Fain on Thursday cheered the Centers for Disease Control and Prevention’s updated coronavirus policies for cruise ships to resume sailing from U.S. ports. “We’re really very pleased and very excited because it really does set forth a pathway that we think is achievable, practical and safe,”
South_agency | E+ | Getty Images If you’re thinking of booking that hotel stay you’ve postponed since the pandemic began, you may want to reserve a room right away. Nightly rates, while still somewhat lower than those of one year ago, are slowly rising to match or — in some popular destinations — surpass pre-pandemic
In this article AADR The reopening trade still has room to run, according to several market analysts. Many investors are wondering whether the economic recovery’s windfall has been priced into the stock market, but to AdvisorShares founder and CEO Noah Hamman, that’s not yet a reality. The reopening rally is “just beginning,” said Hamman, whose
In this article Dubai is known for its modern architecture, including the Burj Khalifa, which at 2,700 feet tall is nearly twice the height of the Empire State Building. Fraser Hall | The Image Bank | Getty Images DUBAI, United Arab Emirates — The United Arab Emirates’ potentially indefinite status on the U.K.’s “red list”
Along with Clorox wipes and toilet paper, the demand for backyard swimming pools has skyrocketed since the start of the pandemic. Across the country, swimming pool and hot tub suppliers struggled to meet a sudden wave of demand. But putting in a pool is a pricey proposition, and not everyone who wanted to swim could
urbazon | E+ | Getty Images You may want to reconsider any plans to travel abroad. That’s the recommendation from the U.S. State Department, which updated its Travel Advisories list this week warning Americans against foreign travel to include about 80% of countries worldwide. Calling the risks the ongoing Covid-19 pandemic poses to travelers as
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