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ljubaphoto Travel insurer Seven Corners has started two new products  tailored to vacations in the age of coronavirus: one policy specifically covers medical expenses incurred due to Covid-19 infection while traveling overseas, and another helps motorists as road trips replace flights and cruises as the preferred means of summer and fall travel. “Travel trends, in general,
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Luca Frigeni, Owner & General Manager of SakeMate, a restaurant in Shanghai SakeMate Luca Frigeni, an Italian businessman living in Shanghai, finally fulfilled his dream late last year when he opened his own restaurant and lounge. But the coronavirus pandemic stalled that dream, as he entered “the most difficult” moment in his career. Business at
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An Airbnb on the island of Santorini, in Greece. Courtesy of Airbnb. Airbnb bookings are starting to grow again, thanks to pent-up travel demand. The company said that over the weekend of June 5–7, gross booking value grew in year-over-year terms for the first time since February, when the coronavirus began to devastate its business. 
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Founders: Brian Chesky (CEO), Joe Gebbia, Nathan BlecharczykLaunched: 2008Headquarters: San FranciscoFunding: $5 billionValuation: $18 billion (PitchBook)Industry: Hotels, travel, hospitalityPrevious appearances on Disruptor 50 List: 7 (No. 7 in 2019) George Kavallines Among the companies hardest hit by the coronavirus pandemic and its stranglehold on travel is Airbnb. In early May the company laid off 1,900 people, or about 25% of
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Travel stocks are heading north. Some cruise and hotel names have rebounded by triple-digit percentages from their 52-week lows as economies kick-start their post-Covid reopening plans. They include: Investors should approach this rebound in travel with caution, Boris Schlossberg, managing director of FX strategy at BK Asset Management, said Monday on CNBC’s “Trading Nation.” “The
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British Airways, Easyjet and Ryanair have criticized the U.K. government’s decision to impose a mandatory 14-day quarantine on international travelers, describing it as “unfair” and “disproportionate.” U.K. nationals and international passengers traveling into the country from Monday — be it via airplane, ferry or train — will have to complete a form, prior to their
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More than half of U.S. travelers planning to book trips will not insure their purchase, according to a survey of more than 1,200 Americans by ValuePenguin. That’s despite the near-shutdown of global tourism, the struggle to get refunds on canceled spring and summer travel plans, and lingering questions over how and when airlines, cruise lines,
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An Airbus A330neo commercial passenger aircraft takes off in Colomiers near Toulouse, France, July 10, 2018. Regis Duvignau | Reuters For the second time in the last four months, Airbus has recorded zero orders for new airplanes.  The European plane manufacturer recorded no new orders in May as the company adjusts to the harsh reality
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Remember all the hype about so-called “immunity passports” getting the travel world back on track?  Governments are still exploring whether certificates, wristbands or mobile apps could get those who have recovered from Covid-19 working and traveling again. But the notion that immunity passport holders would be able to travel the world carte blanche, going mask-free
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