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Hertz owned Advantage Rent A Car from 2009 to 2013.

A car-rental company previously owned by Hertz just filed for bankruptcy for the third time since 2008

The intertwined stories of Hertz and Advantage reveal how dozens of financial and strategic blunders sank both firms into massive debt.

Norwegian Cruise Line tanks 15% after warning investors it has ‘substantial doubt’ it can keep operating

The company expects to report a net loss in the first quarter as well as the full year due to the coronavirus pandemic.

Hertz tanks 29% on reports it could file for bankruptcy as coronavirus pummels travel industry

Hertz's business has slumped about 80% since the beginning of the coronavirus pandemic, Bloomberg reported.

Royal Caribbean is halting new cruises for the next 30 days in the US amid coronavirus threat

"We understand the gravity of the public health crisis," Royal Caribbean wrote in a release announcing the pause.
Airplanes of German Carrier Lufthansa and United Airlines land and take off at Frankfurt Airport

A major flight-attendants’ union is denouncing Trump’s sudden European travel ban. Industry leaders are worried jobs will be in jeopardy.

President Donald Trump's abrupt European travel ban, aimed at slowing the spread of the coronavirus, has left airline workers reeling.
Tourists wear face masks in New York City. The states of California and New York are expected to be hit hardest in the loss of Chinese visitors amid the coronavirus, according to a Tourism Economics report.

The coronavirus is slamming the US travel industry, with experts predicting it will wipe out more than $10 billion in spending from Chinese visitors

Chinese travelers represented 7% of all visitors to the US in 2019 and 16% of visitor spending. The economic impact is forecast to be worse than SARS.
Trip.com CEO Travis Katz

Tiny startup Trip.com has been acquired by Chinese travel giant Ctrip – a move that could shake up the travel industry

Chinese travel giant Ctrip took interesting step into the US market by buying a trip.com, a 25-employee Palo Alto startup.