demand

Travel + Leisure Sees Demand Improving in Key Markets as Pandemic Eases

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Courtesy Wyndham Destinations

Timeshare company

Travel + Leisure

reported improved earnings as key markets such as Las Vegas and Hawaii had better demand.

Travel + Leisure (ticker: TNL) earned an adjusted 39 cents a share in the first quarter, versus a loss of 98 cents a year earlier as revenue climbed by 13% to $628 million.

The company, along with its peers, was hit hard during the pandemic last year as leisure travel plummeted. But the first quarter, especially March, showed signs of improvement. “Our operating performance strengthened significantly in March, with a robust sequential improvement in our key metrics,” CEO
Michael Brown
said in a press release Wednesday.

The stock was at $65.69, up fractionally in early trading Wednesday. The stock has returned about 47% in 2021, dividends included.

Travel + Leisure changed its name from Wyndham Destinations earlier this year after it acquired the travel company

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China’s New Year travel restrictions slow, but don’t stop oil demand recovery

BEIJING/SINGAPORE (Reuters) – China’s efforts to keep people from travelling for Chinese New Year because of several clusters of COVID-19 infections are forcing analysts to revise first-quarter fuel demand estimates, but are not expected to derail its post-pandemic recovery.

FILE PHOTO: Travelers wearing face masks following the coronavirus disease (COVID-19) outbreak walk outside a railway station as the Spring Festival travel season begins ahead of the Chinese Lunar New Year, in Beijing, China, January 28, 2021. REUTERS/Carlos Garcia Rawlins

China’s Ministry of Transport has said passenger trips during the 40-day spring travel season could be down by 40% from the pre-pandemic levels of 2019. That has led analysts to cut forecasts for first-quarter oil demand by as much as 400,000 barrels per day (bpd) on the assumption this means less gasoline and jet fuel will be consumed.

It also likely points to a quarter-on-quarter drop in China’s oil use, according

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Tourism Australia: Demand for regional Aussie travel tours soar

Culinary travel is associated with overseas destinations but Australians are discovering delectable experiences in their own backyard.

Culinary travel has long been associated with exotic overseas destinations but with the world the way it is, Australians are discovering delectable and enlightening experiences in their own backyard.

Embarking on a food tour is not just about filling your belly and tantalising your tastebuds, it is a way of gaining greater understanding of an area and its history through immersion and discovery.

Food and tourism marketing specialist Holly Galbraith said the industry was being forced to diversify with more experiences on offer following a resurgence in domestic travel.

“Through this pandemic, people definitely have that growing interest in where their food is coming from,” Galbraith says. “We’ve become really hyper-local, so not only are we wanting to support producers, operators or farmers from Australia, we want to support them from certain areas

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Southwest, United Airlines see weak demand over holidays, 1Q

DALLAS (AP) — United Airlines warned Thursday that bookings have slowed and cancellations have increased as the number of coronavirus infections spikes across the country.

Southwest Airlines has also seen more cancellations, and the carrier’s CEO said that travel demand will be remain weak in the first quarter.

The number of people flying in the United States is down about 65% from a year ago, and airlines were hoping that the upcoming holidays would mean an increase in leisure travel.

United said however that it continues to see the virus hurting travel.

In the past week, “there has been a deceleration in system bookings and an uptick in cancellations as a result of the recent spike in COVID-19 cases,” United said in a regulatory filing.

Chicago-based United expects to operate no more than 45% of its normal schedule in the fourth quarter. and it continues to forecast a 67% decline

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