Travel and leisure sector-related exchange traded funds climbed on Friday on strong third quarter results out of Airbnb (NasdaqGS: ABNB) and Expedia Group (NasdaqGS: EXPE). On Friday, the ETFMG Travel Tech ETF (AWAY) advanced 5.1% and the Invesco Dynamic Leisure and Entertainment ETF (PEJ) increased 3.9%. Meanwhile, Airbnb shares jumped 12.1% and […]

Billionaire Airbnb Co-founder and CEO Brian Chesky told Yahoo Finance that the coronavirus outbreak has permanently altered travel preferences across the globe in ways that will shape the hospitality industry going forward. “Travel has changed forever,” says Chesky, whose company suffered hundreds of millions in losses and laid off a quarter of its […]