Displaying items by tag: travel
Winter 2024 Is Shaping Up for a Great Ski Season
Large ski resorts offer a unique thrill, providing ample terrain for exploration that can keep even the most avid skier busy for days.
- Powder Mountain in Utah tops the list of North America's largest ski resorts, with over 8,000 skiable acres, though part of it is accessed by snow cats rather than chairlifts.
- Whistler Blackcomb in British Columbia follows closely with over 8,100 acres spread across two mountains, connected by the record-breaking Peak 2 Peak gondola.
- Park City Mountain Resort, Utah, offers the most lift-served terrain in the U.S., featuring 7,300 acres of slopes, and is easily accessible from Salt Lake City.
These vast resorts provide a mix of terrain and amenities, catering to both casual visitors and serious skiers alike. Whether for the sheer size or the diverse experiences, these resorts deliver unforgettable winter adventures.
Finsum: In the last few years we have seen the season start late but continue deep into the year, this could be a new trend in mountain sports!
Airbnb’s Fall Destination Guide
As the leaves begin to turn, travelers are finding that fall offers the best deals for getaways, with accommodation prices hitting their lowest compared to other seasons. This makes fall an ideal time for those seeking cost-effective travel options.
States like North Dakota, Maine, and Massachusetts have seen a notable increase in stays, attracting visitors with their vibrant foliage and seasonal appeal. The trend of passion-driven travel, where people choose destinations based on their interests—such as music festivals, food events, or outdoor adventures—continues to shape how people plan their trips.
Japan, with its blend of tradition, modernity, and stunning fall landscapes, remains the top international destination for American travelers for the second consecutive year. From budget-friendly domestic trips to unique international escapes, the fall season provides endless opportunities for exploration and memorable experiences.
Finsum: There are some dreamy destinations that really optimize the fall weather and visual experience on this list.
Leisure Bookings Have Airline Stocks Flying
(Atlanta)
Many Airlines saw increases in stock prices on Monday as increases in bookings for spring and summer leisure trips…see the full story on our partner Magnifi’s site
The Outlook for Airlines is Still Uncertain
(New York)
Where do you stand on airlines? Your opinion is worth about as much as the whole market’s—nobody is quite sure what to make of the future of air travel right now. Airlines had seen rising passenger numbers, but that has been tapering off as COVID cases have been rising again. Delta announced dreadful earnings yesterday, with revenue down 88% and net losses worth $4.33 per share. Thy also announced they were cutting their flight additions for August in half because of the rise in cases. The earnings come alongside a bleak announcement from United, which said “it's increasingly likely that travel demand will not return to normal until there is a widely available treatment or vaccine."
FINSUM: Have airline stocks come back too far? It looks there is likely to be at last another ugly 18 months as we await a vaccine.
Don’t Be Fooled by the Travel Stock Rally
(New York)
Morgan Stanley says the big gains in travel stocks are way overblown and will likely prove dangerous to investors. Carnival, Royal Caribbean, and Norwegian have all seen their shares rise in the double digits recently as investors have grown increasingly optimistic about their prospects and their cash reserves. However, Morgan Stanley threw cold water on those sentiments, saying “The cruise industry will take longer than almost any other form of travel to return to normal” as it downgraded the stocks to Underweight (two of them were already Underweight). UBS also pointed out that there will likely be no meaningful cruise activity until next year.
FINSUM: Even once cruises get running again, all it will take is one minor flourish of COVID—and the associated news cycle—for the whole sector to freeze up again. Too risky to invest in at this point.