Month: January 2021

Luxury startup airline Aero starting flights next month: features, routes, price

  • Aero is the US’ newest airline, starting flights between Los Angeles and Aspen, Colorado on February 4.
  • The leisure-focused luxury airline aims to offer a “radically better premium leisure travel experience.”
  • Prices start at $990 one-way for February flights, rising to $1,250 in March and April for flights on a private jet-like plane. 
  • Visit Business Insider’s homepage for more stories.

The pandemic has shifted travel trends in favor of leisure flying and airlines have been eager to accommodate. Aero is a new leisure airline launching its first flights on February 4 after a successful European debut in 2020.

“Our objective is to deliver a radically better premium leisure travel experience,” Subramanian told Business Insider. 

It’s the brainchild of Uber co-founder Garrett Camp and behind the wheel as CEO is Uma Subramanian, a veteran in urban air mobility. Subramanian previously served as chief executive at Voom, the Airbus-backed helicopter startup

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Leisure travel expected to return first; push underway for responsible gatherings in Illinois

CHICAGO– The hotel industry suffered its worst year ever in 2020 and there are worries it won’t see pre-COVID occupancy until 2024.

The pandemic led to low room occupancy, massive job losses, and hotel closures across the nation.

The Illinois Hotel and Lodging Association is working on bringing more business back to the state to fill up those hotel rooms.

Michael Jacobson, the President and CEO of the Illinois Hotel and Lodging Association, says the COVID restrictions for meetings and events in Illinois are must stricter than in neighboring states like Missouri and Indiana.

He says things like conferences, meetings, and weddings make up half of hotel revenue in the state.

“We are trying to urge the governor to begin the conversation on what a path towards safe and responsible gatherings, but gatherings larger than 25 people looks like,” Michael Jacobson.

He also says vaccine distribution is key. He says

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SoftBank-Backed Travel Platform Klook Raises $200M

Hong Kong’s travel and leisure booking platform Klook has closed a $200 million Series E funding round led by Aspex Management, with participation by Sequoia Capital China, SoftBank Vision Fund, Matrix Partners China and Boyu Capital, according to a press release.

“Despite a challenging 2020, we have shown our mettle, turning challenges into growth opportunities with agility and constant innovation,” Klook Co-Founder and CEO Ethan Lin said in the release. “We’ve observed over the past year that consumers have a pent-up desire to explore and enjoy themselves, despite international travel being paused.”

Lin added in the release that the new funds will help the company solidify its position as tourism slowly returns. During the past year, he said Klook quickly pivoted to meet the demands triggered by the pandemic. Klook concentrated on two main areas: digitizing the experiences booking sector

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Leisure Travel Has Made This Carrier The Hottest Airline On Wall Street

In the coming week, six airlines will issue fourth-quarter reports.  The smallest of them — the one that has the odd 4:30 p.m. EST Monday report time — is also the one that, so far this year, has been the industry’s best stock market performer.

Hawaiian Airlines shares are up 17% year-to-date as of Friday’s close. Second is Spirit, up 13%. Alaska and JetBlue are up 5%. Southwest is up 2%. Allegiant is up 1%. American and Delta shares are flat, and United is down 3%. The S&P 500 Stock Index is up 2%.

Hawaiian’s performance reflects the airline’s industry’s focus on leisure flying, a strategy forced by the lack of business travel during the coronavirus crisis. The carrier’s stock represents a pure play

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