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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's business has slumped about 80% since the beginning of the coronavirus pandemic, Bloomberg reported.
"We understand the gravity of the public health crisis," Royal Caribbean wrote in a release announcing the pause.
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.
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.
A Vietnam Airlines ...
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.