Category: travel
Virgin Galactic’s spaceship flies from its new home base for the first time
The pieces are finally starting to come together for Virgin Galactic’s space tourism — the company has flown SpaceShipTwo from Spaceport America for the first time. It was just a glide test from 50,000 feet up, but the flight let the spaceport fulfil… Source
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Airbnb ups its debt by $1BN amid the coronavirus travel crunch
Airbnb has secured commitments of $1 billion for a syndicated term loan from institutional investors, it said. The emergency cash injection comes as the coronavirus travel freeze continues to hammer vacation rentals, with holidaymakers locked down at home and global travel banned or heavily discouraged for public health reasons. Neither…
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Airbnb is taking its travel experiences online using Zoom
Since 2016, Airbnb has offered a service called experiences that allows you to find tours, classes and excursions in a city you're visiting. It’s hard to continue that type of service when most people can't travel currently. So the company hopes the… Source
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To slow coronavirus spread, EU countries and Russia join the list of countries officially closing their borders to all but essential travel
One of the defining characteristics of the European Union has been its strong policy of taking an open approach when it comes to borders in the region: the EU may be a collection of individual countries, but it works as one, and so when you travel from one to the…
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Stocks fall again on continued coronavirus worries
Is it good news to say that stocks fell less sharply than they had on previous days? That’s the bright side of another turbulent trading day across the Nasdaq and New York Stock Exchange. The major indices were down again — although their declines were less severe than they had…
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Oyo layoffs, Airbnb’s delayed IPO and the long-term quandary of investing in travel startups
It’s the best and worst of times for travel startups. Massive growth over the past few decades has made tourism one of the big global industries, covering everything from recreation to business conferences to shopping sprees. But doubts about the future of the industry are growing — and not just…
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