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Travelers put off holiday trips to Middle East as Israel-Hamas war rages

Travelers put off holiday trips to Middle East as Israel-Hamas war rages

[1/3]A group of tourists descends the stairs leading to the Damascus Gate, in Jerusalem’s Old City, December 11, 2022. REUTERS/Ammar Awad/ Acquire Licensing Rights NEW YORK/LONDON, Nov 6 (Reuters) – Travelers are canceling or postponing planned vacations to the Middle East and North Africa due to fears of the Israel-Hamas conflict worsening, and as touring...

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Rising prices for travel do not appear to be curbing wanderlust

Rising prices for travel do not appear to be curbing wanderlust

[1/3]People visit Dassia beach on the island of Corfu, Greece, June 30, 2022. REUTERS/Adonis Skordilis/File Photo LONDON/CHICAGO/NEW YORK, Aug 9 (Reuters) – The post-pandemic travel boom and the high ticket prices that come with it show no signs of slowing well into next year, despite economic uncertainty and dwindling household savings. While questions linger about...

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Wall St sees bargains, lure of Europe buoying cruise, hotel earnings

Wall St sees bargains, lure of Europe buoying cruise, hotel earnings

NEW YORK, July 24 (Reuters) – The post-pandemic rebound of international travel, particularly to Europe, is expected to be a bright spot for hotels and cruise operators this quarter on Wall Street, even as consumers grow more price-conscious amid higher costs. Despite high inflation, travel companies have been raking it in as consumers have carved...

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Madrid joins race for high-spending tourists with bet on five-star hotels

Madrid joins race for high-spending tourists with bet on five-star hotels

[1/5]A swimming pool is seen at the top of Hyatt’s Thompson Madrid Hotel, overlooking central Madrid, Spain, June 13, 2023. REUTERS/Violeta Santos Moura MADRID, June 27 (Reuters) – As pandemic travel restrictions began to ease in the spring of 2021 foreign tourists returning to Madrid discovered the city’s downtown had undergone a makeover. An area...

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US, European hotel room rates could keep rising – industry executives

US, European hotel room rates could keep rising – industry executives

NEW YORK, June 7 (Reuters) – Hotel room rates in the U.S. and Europe are rising and may get even more expensive as supply has failed to keep up with demand, industry executives said. U.S. hotel room supply is barely growing as tighter lending standards from regional banks make it harder for developers to secure...