Sonya Carp and her husband own two short-term rental properties in Florida, and they have decided to list one for sale as a result of the coronavirus pandemic. Courtesy of Sonya Carp Consolidation is hitting the market for short-term home rentals as the coronavirus pandemic has curtailed travel dramatically this year. Small landlords and venture-backed
Travel
We yearn for positive travel news these days. And in a day and age when headlines dominate, who has time to read the fine print? Here are four popular travel stories from the past two months where details were later clarified that made the original headlines substantially less impressive than they originally seemed. 1. Japan
Signage for Hertz Global Holdings Inc. stands at a rental location in Berkeley, California, U.S., on Tuesday, May 5, 2020. David Paul Morris | Bloomberg | Getty Images Ongoing distress in the rental car market due to the coronavirus pandemic, highlighted by Chapter 11 bankruptcy filings of Hertz and the parent company of Advantage Rent A
Kyrenia Harbor, Cyprus. tunart/Getty Images The Cypriot government has said it will cover the vacation costs of any tourists who contract the coronavirus while holidaying in the country. Officials pledged to pay for travelers’ accommodation, food, drink and medication if they test positive for Covid-19 after entering the country. It said travelers will only need
A car dealer wearing a protective mask walks through the showroom at a Ford Motor Co. car dealership in North Brunswick, New Jersey, U.S, on Wednesday, May 20, 2020. Angus Mordant | Bloomberg | Getty Images Wealthy consumers plan to pull back on their spending, despite seeing little impact from the pandemic on their incomes
American Airlines passenger planes crowd a runway where they are parked due to flight reductions at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. Nick Oxford | Reuters American Airlines is planning to cut 30% of its management and support staff, a reduction of about 5,000 jobs, because of the toll coronavirus is taking
Boeing is planning to lay off more than 6,000 employees this week in an effort to slash costs as the coronavirus pandemic continues to devastate the air travel and aerospace industries. The aircraft manufacturer previously said it is seeking to reduce its head count by 10% through voluntary and involuntary separations from the company. Boeing said in
(CNN) — When Hilde Falun Strom and Sunniva Sorby began a long-planned expedition in the Arctic archipelago of Svalbard last September, their main goal was to encourage conversation around climate change in the polar regions. After spending close to nine months collecting data and samples for researchers in remote Bamsebu, situated 140 kilometers from the
1. Dow to surge on coronavirus vaccine hopes Dow futures were pointing to an over 600-point gain at Tuesday’s open to begin the holiday-shortened trading week as investors bet on the economy reopening and a coronavirus vaccine breakthrough. Shares of Novavax were soaring about 20% in Tuesday’s premarket after the Maryland-based biotech announced the start of
(CNN) — It’s 10 years ago. I’m on a road trip to Germany with my then boyfriend. I’m pretty useless as a travel companion as I can’t drive and I can’t speak German, so my boyfriend is doing both. We cross from the border from Switzerland then stop at a small town near Stuttgart. Our
With more countries easing coronavirus lockdowns in an effort to restart their economies as summer gets underway, CNBC takes a look at where you might be able to go on vacation in the coming months. The European Commission, the executive arm of the EU, recently issued guidelines outlining how the tourism industry might reopen and
(CNN) — We’re all pretty excited about being able to travel again — but German airline Eurowings might be more eager than most. The low-cost carrier resumed services from Düsseldorf to Sardinia, Italy, on Saturday — but was forced to turn around at its destination because Olbia Airport is still closed. Flight EW9844 set off
Never heard of “travel bubbles” or “air bridges”? Read on because what you learn just might save your summer vacation now that we are in the coronavirus era. With little clarity on when the pandemic might end, many Europeans have already given up on the idea of a summer getaway. But some countries, desperate to salvage this
(CNN) — Alaska’s Anchorage International Airport lacks the waterfalls and razzmatazz of Singapore Changi or the eight runways of Chicago O’Hare. But this unassuming little airport — equidistant between New York and Tokyo — has lately had an unexpected rise in prominence. It’s now the busiest airport in the world… on some Saturdays, at least.
Canceled that flight to Cancun or that cruise out of Miami to the Caribbean? You’re not alone. In light of the Covid-19 pandemic and worries over health and safety, many Americans will opt to “staycation” this year and holiday at home or nearby. “We’re seeing a trend overall [that] people are booking trips closer to
Athens, Greece (CNN) — Greece has brought forward its planned reopening to tourists to June 15 as pressure mounts on European destinations to roll back coronavirus restrictions to stave off economic collapse. Greek Prime Minister Kyriakos Mitsotakis announced the new date in a national address on Wednesday, saying only tourists from countries with acceptably low
Passengers board an American Airlines flight to Charlotte, North Carolina at San Diego International Airport on May 20, 2020 in San Diego, California. Sandy Huffaker | Getty Images Airline passengers this summer will face a host of new policies and procedures, and possibly a few packed flights, because of the coronavirus pandemic. Memorial Day kicks
(CNN) — We all know that travel broadens the mind. Thanks to that place on the seafront that sells delicious gelato, it has a tendency to broaden other body parts too. We can’t deliver you two scoops of pistachio, but we can keep flexing those brain cells while your next trip across the world is