Travel

FTSE 100 dragged lower by travel stocks as more lockdowns kill holiday spirit

The beaches are popular tourist hotspots in the holiday season: AFP via Getty Images
The beaches are popular tourist hotspots in the holiday season: AFP via Getty Images

In more normal times, this week should have been the start of the summer holiday season. But with Barcelona among popular locations facing the possibility of a return to lockdown in the next fortnight, there were few signs of getaway optimism today.

Shares in airline, hotel and leisure companies were again squeezed on the London market, with investors increasingly nervous after a surge in coronavirus cases over the weekend.

Low-cost airline easyJet saw its shares fall 2% to 647.4p, while International Airlines Group was down 3% to 212.7p. The pressure on the British Airways owner reflected the increasingly worrying global picture, with Hong Kong this weekend reporting the biggest spike in cases since the start of the pandemic in January.

The flight from risk also meant GKN owner Melrose Industries, which makes parts for Airbus,

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Travel & Leisure ETFs Jump on Vaccine Optimism

The development in the potential coronavirus vaccine has infused strong optimism into the broader markets. This is especially true, as Moderna Inc. MRNA has inched closer to a vaccine following promising early data (read: Moderna Inches Closer to Coronavirus Vaccine: ETFs to Shine).

The data demonstrates that vaccination with mRNA-1273 elicits a robust immune response across all dose levels as it produced neutralizing antibodies in all 45 patients. In the trial, each participant received a 25, 100 or 250 microgram dose, with 15 people in each dose group. Participants received two doses of the potential vaccine. The positive result has pushed the vaccine into the phase 3 trial, which is slated to start on Jul 27. The trial will enroll 30,000 participants across 87 locations, according to ClinicalTrials.gov. Participants in the experimental arm will receive a 100 microgram dose of the potential vaccine on the first day and another dose

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What is the latest Foreign Office travel advice?

Simon Calder
Simon Calder

One of the key determinants of whether Brits can travel abroad this summer following the global coronavirus pandemic is the Foreign Office travel advice.

The FCO keeps individual country pages on its website regularly updated, with all the latest information and warnings about potential risks, such as political unrest, natural disasters and terror attacks.

If the FCO advises against “all but essential travel” to a country, it invalidates travellers’ insurance, and visiting there is at your own risk.

Here’s everything you need to know about the current advice.

What is the latest Foreign Office advice?

The FCO has been advising British nationals against all but essential international travel since 23 March. However, this advice has now been lifted for 67 destinations as of 4 July.

This list is separate from the one issued by the Department for Transport, which details 59 “travel corridor” destinations from where travellers can

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Northeast travel restrictions add to small business owners’ struggles

Every year, more than 20 million visitors flock to Boston’s Faneuil Hall Marketplace, which, after being closed for several months, reopened July 1.

But for the first time in its nearly 300-year history, it’s largely empty.

“There is no foot traffic,” business owner Sara Youngelson told ABC News. “It is so far and few between, it’s just been really, really tough.”

For Youngelson, who owns five businesses in the Faneuil Hall and Quincy Market area, the past five months have been some of the most difficult of her 30-year career as a merchant in the historic marketplace

Many merchants and shop owners across the Northeast were optimistic that reopening later in the summer could help offset economic damage caused by the pandemic, but with newly instated state travel restrictions affecting tourism, many are no longer as hopeful.

PHOTO: Visitors walk outside Faneuil Hall Marketplace, one of Boston’s most popular

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