As interest in road trips soars, Americans are hitting these 10 global hotspots

Sales of international driving permits, which can help licensed U.S. travelers rent automobiles overseas, have soared 33% in the past five years, according to AAA. “AAA has found that road trips are increasingly appealing to U.S. travelers while overseas,” Paula Twidale, vice president of AAA Travel, said in a release. Road trips meet travelers’ desire for “experiential travel” and “ways to intimately engage with their destination,” she added. In most international jurisdictions, it’s illegal to


Sales of international driving permits, which can help licensed U.S. travelers rent automobiles overseas, have soared 33% in the past five years, according to AAA.
“AAA has found that road trips are increasingly appealing to U.S. travelers while overseas,” Paula Twidale, vice president of AAA Travel, said in a release.
Road trips meet travelers’ desire for “experiential travel” and “ways to intimately engage with their destination,” she added.
In most international jurisdictions, it’s illegal to
As interest in road trips soars, Americans are hitting these 10 global hotspots Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: kenneth kiesnoski
Keywords: news, cnbc, companies, twidale, aaa, hitting, global, international, americans, travel, hotspots, trips, valid, interest, drivers, soars, travelers, foreign, license, road


As interest in road trips soars, Americans are hitting these 10 global hotspots

One-quarter of Americans plans to vacation outside the U.S. in the next 18 months, according to a new AAA survey, while 80% have already taken a foreign trip and 2 in 5 — nearly 77 million adults — have rented or used a vehicle while abroad.

Sales of international driving permits, which can help licensed U.S. travelers rent automobiles overseas, have soared 33% in the past five years, according to AAA.

“AAA has found that road trips are increasingly appealing to U.S. travelers while overseas,” Paula Twidale, vice president of AAA Travel, said in a release. Road trips meet travelers’ desire for “experiential travel” and “ways to intimately engage with their destination,” she added.

While a valid U.S. driver’s license might be all a vacationer needs to rent a car in some major foreign destinations, many other countries do not recognize them without an accompanying “IDP,” as the documents are known. In most international jurisdictions, it’s illegal to drive without both a valid license and insurance coverage.

More from Personal Finance:

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The top 10 foreign trips Americans insure

According to AAA, more than 150 countries accept IDPs, international legal documents that translate American state driver’s license information into 10 languages. AAA and the American Automobile Touring Alliance are the only organizations authorized by the State Department to issue IDPs. Information and IDP applications are available online at the AAA and AATA websites.

“Travelers can easily apply for an International Driving Permit with an application accessible online or in person at AAA, whether they are a member or not,” said Twidale. “The nominal $20 fee is a small price to pay for peace of mind while traveling overseas.”

AAA has also released findings about just where all those U.S. global jetsetters — drivers or not — are headed through the end of 2020. Long-popular European urban destinations and warm-weather tropical locales still head the list.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: kenneth kiesnoski
Keywords: news, cnbc, companies, twidale, aaa, hitting, global, international, americans, travel, hotspots, trips, valid, interest, drivers, soars, travelers, foreign, license, road


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Joe Biden spent way more on private jets in the third quarter than his top 2020 Democratic rivals

He’s known as “Amtrak Joe,” but former Vice President Joe Biden’s presidential campaign spent a lot more money on private air travel during the third quarter than his top rivals for the 2020 Democratic nomination. The Biden campaign spent nearly $924,000 on private jet travel in the third quarter, according to data from the Federal Elections Commission. Unlike regular aircraft, private jets are unlikely to be delayed due to baggage loading and other planes running off schedule. The South Bend ma


He’s known as “Amtrak Joe,” but former Vice President Joe Biden’s presidential campaign spent a lot more money on private air travel during the third quarter than his top rivals for the 2020 Democratic nomination.
The Biden campaign spent nearly $924,000 on private jet travel in the third quarter, according to data from the Federal Elections Commission.
Unlike regular aircraft, private jets are unlikely to be delayed due to baggage loading and other planes running off schedule.
The South Bend ma
Joe Biden spent way more on private jets in the third quarter than his top 2020 Democratic rivals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: yelena dzhanova, brian schwartz, john ellis, editor of online publication news items
Keywords: news, cnbc, companies, 2020, rivals, presidential, biden, quarter, sanders, campaign, travel, vice, jets, joe, democratic, private, way, spent


Joe Biden spent way more on private jets in the third quarter than his top 2020 Democratic rivals

Democratic presidential hopeful former US Vice President Joe Biden waves as he arrives onstage for the fourth Democratic primary debate of the 2020 presidential campaign season, co-hosted by The New York Times and CNN at Otterbein University in Westerville, Ohio on October 15, 2019.

He’s known as “Amtrak Joe,” but former Vice President Joe Biden’s presidential campaign spent a lot more money on private air travel during the third quarter than his top rivals for the 2020 Democratic nomination.

The Biden campaign spent nearly $924,000 on private jet travel in the third quarter, according to data from the Federal Elections Commission. South Bend, Indiana, Mayor Pete Buttigieg’s campaign, by comparison, spent $443,000 on private jets.

Biden’s big spending on private jets was disclosed in an official campaign finance filing that showed the former vice president’s campaign had nearly $9 million in cash on hand heading into the fourth quarter. That put him well behind Sen. Bernie Sanders, Sen. Elizabeth Warren and Buttigieg.

Biden’s dwindling fundraising and cash reserves have his donors and fundraisers worried he might not have the resources to make it beyond the Super Tuesday primaries March 3.

FEC records show that the Biden campaign paid EJCR, a company that connected him to private jet services from Virginia-based Advanced Aviation. Advanced Aviation owns and operates campaigntrips.com and is used by other presidential candidates, including Buttigieg and Warren.

Candidates often use private jets to keep up with travel plans around the country while minimizing the time spent traveling. Unlike regular aircraft, private jets are unlikely to be delayed due to baggage loading and other planes running off schedule.

Buttigieg mostly used Advanced Aviation, but he and his campaign also flew using Evojets, Club Jet Charter, and Vertivue Air Charters. The South Bend mayor took home the record for having spent the most on private jets in all of 2019 in July.

Warren spent more than $132,000 on private air travel, and Sanders spent more than $360,000.

Biden’s campaign did not reply to a request for comment from CNBC.

The former vice president’s “Amtrak Joe” moniker came from his advocacy for cross-country railway improvement and devotion to rail commuting from Delaware to Washington, D.C., when he was a U.S. senator.

Indeed, Biden’s campaign did spend $44,000 on Amtrak travel during the quarter – about twice as much as Buttigieg, Sanders and Warren combined in the same time period.

Graphic by CNBC’s Nate Rattner


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: yelena dzhanova, brian schwartz, john ellis, editor of online publication news items
Keywords: news, cnbc, companies, 2020, rivals, presidential, biden, quarter, sanders, campaign, travel, vice, jets, joe, democratic, private, way, spent


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Chase Sapphire Reserve® vs Chase Sapphire Preferred® Card: Which is best for you?

In addition to the Sapphire Reserve, there is a more affordable option: the Chase Sapphire Preferred® Card. The Chase Sapphire Preferred has a lower $95 annual fee, but if you use all the benefits from the Sapphire Reserve, you’d wind up with a lower effective annual fee. For the average consumer, you could earn up to $2,567 in rewards using the Chase Sapphire Reserve® over a five-year period. With the Chase Sapphire Preferred® Card you could earn up $1,986. Winner: The Sapphire Preferred offers


In addition to the Sapphire Reserve, there is a more affordable option: the Chase Sapphire Preferred® Card.
The Chase Sapphire Preferred has a lower $95 annual fee, but if you use all the benefits from the Sapphire Reserve, you’d wind up with a lower effective annual fee.
For the average consumer, you could earn up to $2,567 in rewards using the Chase Sapphire Reserve® over a five-year period.
With the Chase Sapphire Preferred® Card you could earn up $1,986.
Winner: The Sapphire Preferred offers
Chase Sapphire Reserve® vs Chase Sapphire Preferred® Card: Which is best for you? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: alexandria white
Keywords: news, cnbc, companies, preferred, cards, points, card, travel, sapphire, annual, best, credit, chase, reserve


Chase Sapphire Reserve® vs Chase Sapphire Preferred® Card: Which is best for you?

Chase is a leader in travel rewards cards, and its Sapphire cards have become cult favorites for frequent travelers. In fact, when it launched the Chase Sapphire Reserve® in 2016, there was so much demand, despite the $450 annual fee, that Chase ran out of the metal required to make the card. In addition to the Sapphire Reserve, there is a more affordable option: the Chase Sapphire Preferred® Card. These two popular travel cards have very similar names but very different rewards programs. Frequent travelers who are looking for access to luxury perks, such as lounge access and travel credits, will see more value in the Reserve versus the Preferred. However, the Preferred may be a better choice for consumers who don’t want to fork over $450 a year for a credit card. If you’re in the market for a travel card and have good or excellent credit — a 670 or higher FICO Score, according to Experian — you have the best chances of qualifying for one of the Chase Sapphire cards and enjoying the cards’ great travel perks. Below, CNBC Select breaks down what sets these two cards apart, so you can choose the one that provides the most benefit for your spending habits.

Benefits Chase Sapphire Preferred Chase Sapphire Reserve Annual fee $95 $450 APR 17.74% to 24.74% variable 18.74% to 25.74% variable Rewards 2X points on travel and dining at restaurants, 1X points on all other purchases 3X points on travel (after earning your $300 travel credit) and dining at restaurants, 1X points on all other purchases Welcome bonus 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening — worth up to $750 in travel 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening — worth up to $750 in travel Ultimate Rewards bonus 25% 50% Credits None $300 annual travel credit; up to $100 application fee credit for Global Entry/TSA PreCheck every 4 years Lounge access None Priority Pass™ Select

Annual fee

The two Chase Sapphire cards have very different annual fees, so it’s important to do the math and see which card makes the most financial sense for your lifestyle. While your jaw may drop at the $450 annual fee for the Sapphire Reserve, you can effectively recoup the fee if you utilize all the added card benefits. Just by accounting for the $300 annual travel credit, the fee is already reduced to a more manageable $150. Then there’s the Priority Pass Select membership, which can be valued at $99 to $429, depending on membership level. The membership level you receive with the Sapphire Reserve is closer to the $429 Prestige tier. Sapphire Reserve cardholders can also take advantage of the Global Entry/TSA PreCheck credit of up to $100 every four years, which lowers the cost of the card even more. You don’t get any of these credits with a Sapphire Preferred card, but the $95 annual fee is pretty standard among the best travel rewards cards. Winner: It’s a toss-up. The Chase Sapphire Preferred has a lower $95 annual fee, but if you use all the benefits from the Sapphire Reserve, you’d wind up with a lower effective annual fee.

Rewards

Both cards offer the same bonus categories — worldwide travel and worldwide dining — but the points value varies by card. With the Sapphire Reserve you earn 3X points on dining and travel (immediately after earning your $300 travel credit), while the Sapphire Preferred gives you 2X points in those categories. With both cards you earn 1X points on all other purchases. CNBC Select used a sample spending budget based on the latest data available from the location intelligence firm Esri to break down how much money you would earn using each card over the course of five years, after the cost of the annual fee. For the average consumer, you could earn up to $2,567 in rewards using the Chase Sapphire Reserve® over a five-year period. With the Chase Sapphire Preferred® Card you could earn up $1,986. Winner: The Chase Sapphire Reserve® offers 3X points on dining and travel purchases after you earn a $300 travel credit, which gives you more rewards over the course of five years, even with the high annual fee.

Redemption

Both cards allow you to redeem rewards in a variety of ways, from statement credit to gift cards to travel. However, travel redemptions come with a unique perk: If you redeem points for travel through the Chase Ultimate Rewards® portal, they’re worth 25% more for Sapphire Preferred cardholders and 50% more for Sapphire Reserve cardholders. For example, 50,000 bonus points are worth $500. But if you buy your plane ticket with your Sapphire Preferred card through the rewards portal, the value of your points increases 25% to $625. And it jumps to $750 for Sapphire Reserve cardholders, thanks to the 50% bonus. Winner: The Sapphire Reserve is the winner, offering double the value on points redeemed for travel.

Welcome bonus

Currently, the Sapphire Preferred and Sapphire Reserve offer welcome bonuses that require you to spend $4,000 on purchases in the first three months from account opening to earn extra points. While the spending requirements are the same, the earning potential is not. When you meet the spending requirements for the Sapphire Preferred you’ll earn 60,000 bonus points, while you’ll only earn 50,000 bonus points using the Sapphire Reserve. However, both bonuses equal $750 when redeemed for travel through the Chase Ultimate Rewards® portal. Winner: The Sapphire Preferred offers 10,000 more bonus points for the same amount of spending as the Sapphire Reserve, making the Preferred the winner.

Added perks

Both cards come with a bunch of added protections and discounts, but differ in a few significant offerings. Here’s a breakdown of the perks offered by both cards: Consumers with either card can benefit from: No foreign transaction fees

Purchase protection

Extended warranty protection

Trip cancellation/interruption insurance

Auto rental collision damage waiver

Baggage delay insurance

Trip delay reimbursement

Travel and emergency assistance services Sapphire Reserve cardholders enjoy these added perks: $300 annual travel credit

Global Entry/TSA PreCheck fee credit of up to $100 every four years

Priority Pass™ Select lounge access at 1,000+ VIP lounges in over 500 cities worldwide

Special benefits at The Luxury Hotel & Resort Collection, such as complimentary room upgrades, early check-in and late check-out

Lost luggage reimbursement

Return protection

Emergency evacuation and transportation

24/7 direct access to customer service specialists Winner: Sapphire Reserve with over a dozen cardholder perks and annual credits that help lower the cost of owning the card.

Bottom line

At the end of the day, choosing the right Chase Sapphire card depends on individual preferences such as how you spend your money and how you plan to use the card. If you’re traveling often and want access to more high-end perks (and are willing to pay for them), the Sapphire Reserve may be a better option with its premium lounge access, Global Entry or TSA PreCheck credit and $300 annual travel credit — all of which help to effectively reduce the overall cost of the card’s $450 annual fee. However, if you don’t travel enough to get the most bang for your buck with the Sapphire Reserve, the lower-cost Sapphire Preferred is a solid choice. It may not have the premium perks, but it offers a competitive 25% bonus on travel reward redemptions, a suite of travel and purchase protections and a competitive welcome bonus — all for a more reasonable $95 annual fee. While these cards are both good options for frequent travelers, there are alternative options available that may be a better fit. If you’re looking for a card that offers more flexibility for how you can redeem points, check out CNBC Select’s round up of the best cash-back credit cards.

Information about the Chase Sapphire Reserve® card has been collected independently by CNBC and has not been reviewed or provided by the issuer of the cards prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: alexandria white
Keywords: news, cnbc, companies, preferred, cards, points, card, travel, sapphire, annual, best, credit, chase, reserve


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How this 30-year-old manages 35 credit cards and earns free flights

In fact, the couple currently has 35 credit cards open, which Waller manages and discusses on his website Waller’s Wallet and YouTube channel. Dustin WallerHow Waller manages 35 cardsIt’s not easy for one person to manage 35 credit cards, but there are websites to help streamline the process. Since cash-back cards aren’t known for big welcome bonuses, Waller opens rewards cards that offer point or miles bonuses. Dustin WallerWhile the average American has four credit cards, the Wallers once had


In fact, the couple currently has 35 credit cards open, which Waller manages and discusses on his website Waller’s Wallet and YouTube channel.
Dustin WallerHow Waller manages 35 cardsIt’s not easy for one person to manage 35 credit cards, but there are websites to help streamline the process.
Since cash-back cards aren’t known for big welcome bonuses, Waller opens rewards cards that offer point or miles bonuses.
Dustin WallerWhile the average American has four credit cards, the Wallers once had
How this 30-year-old manages 35 credit cards and earns free flights Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: alexandria white
Keywords: news, cnbc, companies, waller, earns, free, cards, rewards, bonuses, welcome, 30yearold, card, annual, travel, credit, flights, fee, manages


How this 30-year-old manages 35 credit cards and earns free flights

Dustin Waller hasn’t paid for an airline ticket in over four years. At 30, Waller and his wife, Kristin, optimize their credit cards to fly around the world for little to nothing. In fact, the couple currently has 35 credit cards open, which Waller manages and discusses on his website Waller’s Wallet and YouTube channel. “When my wife and I were getting married, we were looking at honeymoon options, and some of the airline tickets were so crazy expensive. I just thought there had to be a better way,” Waller tells CNBC Select. “There’s no way all these people are paying full price for these tickets.” Waller did a Google search to find cards and wound up applying and being approved for the Chase Sapphire Preferred® Card, which had a 40,000 point welcome bonus at the time.* He was able to redeem the points he earned for two round-trip tickets to Jamaica for $15. It was this experience that led Waller to dive deeper into the world of credit card rewards. His original goal was to travel once or twice a year, but he’s since been able to travel six to 10 times a year with all the points he earns. Some of his favorite trips have included taking a helicopter tour of Hawaii, visiting the Blue Lagoon in Iceland, marveling at the views of the Swiss Alps, exploring the endless artwork at the Louvre in Paris and going to see Pompeii.

Dustin Waller

How Waller manages 35 cards

It’s not easy for one person to manage 35 credit cards, but there are websites to help streamline the process. Waller prefers to track rewards on AwardWallet versus a spreadsheet. AwardWallet tracks rewards for credit cards, hotel and airline loyalty programs and other memberships, such as Starbucks and Dunkin Donuts. In addition to utilizing AwardWallet, Waller came up with a system to help Kristin know when to use a certain credit card. Waller uses a label maker to print out descriptions of what each card should be used for, such as dining, gas stations and everything else.

Dustin Waller

“She is very good at making sure she’s using the right card at the right place to earn us the most rewards back, because it definitely does help us in booking all these trips,” Waller says.

Kristin and Dustin Waller

Waller typically uses cash-back cards on a daily basis, citing the Uber Visa Card, Chase Freedom®, Discover it® Cash Back and U.S. Bank Cash+™ Visa Signature® Card as some of his most used cards. He also says the USAA Limitless™ Cashback Rewards Visa Signature® Card, while no longer available to new applicants, is one of his favorites for everyday purchases, offering a rare 2.5% cash back on all purchases and no annual fee. The cash back Waller earns is deposited into a bank account that he designates as a travel fund. When he books trips, he’ll use the balance in that fund to cover some or all of the expenses. Since cash-back cards aren’t known for big welcome bonuses, Waller opens rewards cards that offer point or miles bonuses. But he has to be mindful when opening these cards since many card issuers set limitations on how frequently you can receive welcome bonuses, often every 24 or 48 months. For example, the application for the Chase Sapphire Preferred® Card says, “This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months.” “The [card issuers] really tightened up over the last couple years,” Waller says. “So I try to be more strategic and opportunistic on the bonuses when they arrive.” For him, this means cancelling cards or changing from one card to another card in order to be eligible for bonuses again.

Dustin Waller

While the average American has four credit cards, the Wallers once had 47 cards. In the past several years, he’s decreased the number of cards they have to 35. But how does he decide when to close a card? Initially, it depends on whether the card has an annual fee. If the card has no annual fee, Waller keeps it open since it helps with the average age of his credit history and his utilization rate. If there’s an annual fee, things get a bit more complicated. “If the card has an annual fee, I usually evaluate the card when the annual fee posts. When the fee outweighs the benefits, I will call for a retention offer to see if I can get more points or the annual fee waived again,” Waller says. If he doesn’t receive a retention offer, Waller takes one of three actions: He cancels the card, changes the card to another one he wants, or pays the fee when the rewards benefits outweigh the cost. This can be a lot of work for the average cardholder, but for maximizers like Waller, it’s all part of the fun. “I like numbers,” he says. “It’s a puzzle, so being able to piece together that puzzle and figure out how you can travel to another destination in the world for a fraction of the cost is pretty awesome.” In addition to maximizing credit cards for personal gain, Waller helps family and friends benefit from credit card rewards. He recently flew his wife’s aunt on her points to Hawaii for no out-of-pocket cost. “Family and friends see the pay off in it, and they’re starting to buy into it,” Waller says. “It’s really good to help people travel.” Information about the Uber Visa Card and Chase Freedom® has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication. *The 40,000 point welcome bonus is no longer available. Please see the issuer’s site for the current offer.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the CNBC Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.


Company: cnbc, Activity: cnbc, Date: 2019-10-15  Authors: alexandria white
Keywords: news, cnbc, companies, waller, earns, free, cards, rewards, bonuses, welcome, 30yearold, card, annual, travel, credit, flights, fee, manages


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United passenger’s T-shirt alluding to lynching journalists stirs debate over on-board threats

A United Airlines customer has complained that the airline didn’t remove a fellow passenger who wore a T-shirt that suggested that journalists be lynched. The issue shows how flight crews are tasked with assessing offensive or threatening passenger behavior or messages. United in 2017 denied travel to two young passengers for wearing leggings because they were traveling on employee passes, which has a stricter dress code. “I relayed that the shirt was not just offensive, it was threatening the l


A United Airlines customer has complained that the airline didn’t remove a fellow passenger who wore a T-shirt that suggested that journalists be lynched. The issue shows how flight crews are tasked with assessing offensive or threatening passenger behavior or messages. United in 2017 denied travel to two young passengers for wearing leggings because they were traveling on employee passes, which has a stricter dress code. “I relayed that the shirt was not just offensive, it was threatening the l
United passenger’s T-shirt alluding to lynching journalists stirs debate over on-board threats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: leslie josephs
Keywords: news, cnbc, companies, debate, told, travel, lynching, journalists, tshirt, onboard, stirs, passenger, flight, wearing, traveler, threats, threatening, passengers, alluding, united


United passenger's T-shirt alluding to lynching journalists stirs debate over on-board threats

A United Airlines customer has complained that the airline didn’t remove a fellow passenger who wore a T-shirt that suggested that journalists be lynched.

The passenger, who asked that his name not be used because he said he was worried about receiving threats, sent CNBC a picture of the other traveler who was wearing a T-shirt that said “Rope. Tree. Journalist. Some assembly required.” He said he told a flight attendant as he made his way to his seat and said that he considered it a death threat.

The issue shows how flight crews are tasked with assessing offensive or threatening passenger behavior or messages. Airlines have removed travelers from flights before for what they have deemed inappropriate attire. United in 2017 denied travel to two young passengers for wearing leggings because they were traveling on employee passes, which has a stricter dress code.

Under United’s contract of carriage states that “passengers who are barefoot or not properly clothed” could be denied travel. It also states that passengers who cause a disturbance that would require one of the pilots to leave the cockpit or if they interfere with crew duties could also be removed from a flight.

The sister of the complaining passenger, Jessica Sidman, a food editor at Washingtonian magazine, tweeted another image, taken on the jet bridge, which was retweeted close to 5,000 times. It elicited more than 3,000 comments, some saying the passenger was exercising free speech and others calling it a threat.

United did not respond to several requests for comment.

Sidman’s brother told CNBC via email that another United employee boarded the plane and asked if he wanted to discuss the matter and if he would like to switch to another flight.

“I relayed that the shirt was not just offensive, it was threatening the lives of other passengers,” the traveler said. He said Friday’s flight, United Flight 824 from Los Angeles to Boston, continued with both passengers on board.

Walmart said in 2017 that it would stop selling the T-shirts.


Company: cnbc, Activity: cnbc, Date: 2019-10-14  Authors: leslie josephs
Keywords: news, cnbc, companies, debate, told, travel, lynching, journalists, tshirt, onboard, stirs, passenger, flight, wearing, traveler, threats, threatening, passengers, alluding, united


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Airbnb’s top 5 trending travel destinations for 2020

For those looking to travel somewhere new in 2020, Airbnb forecast which destinations will generate the most interest in the upcoming new year. Bilbao, SpainAirbnbWith a 402% year-over-year increase in bookings, Bilbao ranks second on Airbnb’s 2020 trending list. Sunbury, Victoria, AustraliaAirbnbSunbury, a suburb located about 21 miles from Melbourne, Australia, ranks fourth in Airbnb’s 2020 top trending forecast. RomaniaAirbnbRomania, in Eastern Europe, saw a 298% year-over-year increase in bo


For those looking to travel somewhere new in 2020, Airbnb forecast which destinations will generate the most interest in the upcoming new year. Bilbao, SpainAirbnbWith a 402% year-over-year increase in bookings, Bilbao ranks second on Airbnb’s 2020 trending list. Sunbury, Victoria, AustraliaAirbnbSunbury, a suburb located about 21 miles from Melbourne, Australia, ranks fourth in Airbnb’s 2020 top trending forecast. RomaniaAirbnbRomania, in Eastern Europe, saw a 298% year-over-year increase in bo
Airbnb’s top 5 trending travel destinations for 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-13  Authors: taylor locke
Keywords: news, cnbc, companies, according, yearoveryear, trending, increase, airbnbs, bilbao, bookings, cities, destinations, travel, buriram, city, 2020, airbnb


Airbnb's top 5 trending travel destinations for 2020

For those looking to travel somewhere new in 2020, Airbnb forecast which destinations will generate the most interest in the upcoming new year. These top cities across the world are lesser known and more eco-conscious, according to the property listing platform. Their research also found that cities with upcoming big events ranked higher. The overall findings for 2020 are based on year-over-year growth in Airbnb bookings. You can see the complete methodology here.

1. Milwaukee, Wisconsin

Airbnb

The No. 1 forecast destination is Milwaukee, Wisconsin, with a 729% year-over-year increase in bookings and a surge of interest among guests on Airbnb. The city will host next year’s Democratic National Convention, which could increase the amount of foot-traffic there. “This historic gem on the shores of Lake Michigan often slips under the radar,” Airbnb said in its release, and it has “a terrific bar and restaurant scene and fascinating cultural attractions that include a Calatrava-designed art museum.”

2. Bilbao, Spain

Airbnb

With a 402% year-over-year increase in bookings, Bilbao ranks second on Airbnb’s 2020 trending list. The city, which is in Basque country in northern Spain, is known for its Bilbao Guggenheim Museum, which opened in 1997 and was designed by the famous architect Frank Gehry. In 2018, Bilbao won the European City of the Year award. “Next year, Bilbao will also become a top destination for sports fans: it’s one of the host cities of Europe’s most beloved soccer competition” called Athletic Bilbao, writes Airbnb.

3. Buriram, Thailand

Airbnb

Buriram is a rural province in southeastern Thailand (about 200 miles from Bangkok) that has some of the country’s “most treasured Khmer relics,” which refers to the ancient Khmer empire of Southeast Asia. For example, the important Phanom Rung temple “is comparable in grandeur to its much more famous Cambodian neighbor, Angkor Wat,” says Airbnb. The city saw a 383% year-over-year increase in bookings, according to Airbnb, and has become a hot-spot for sporting events. In 2018, Buriram hosted the inaugural MotoGP racing event at the Chang International Circuit, which is also where the Buriram marathon occurs each year. In March of 2020, MotoGP will return to the city.

4. Sunbury, Victoria, Australia

Airbnb

Sunbury, a suburb located about 21 miles from Melbourne, Australia, ranks fourth in Airbnb’s 2020 top trending forecast. “Its biggest claim to fame is as the birthplace of cricket’s most sought-after trophy — The Ashes,” said Airbnb. (The Ashes is “a special series of matches between England and Australia — and one of the longest-running rivalries in sport,” according to the BBC.) In 2020, nearby Melbourne will be hosting the ICC T20 World Cup of cricket. The city saw a 356% year-over-year increase in bookings, according to Airbnb.

5. Romania

Airbnb

Romania, in Eastern Europe, saw a 298% year-over-year increase in bookings, Airbnb found, and ranked fifth on Airbnb’s list. In 2018, Romania ranked 15th across the globe in ecosystem vitality, a metric that scales how well a country has established environmental policy, according to the Environmental Performance Index. Airbnb says Romania has “pristine hills and ancient rural villages” and is “the perfect destination for anyone looking for something off-the-beaten-track.” All top 20 trending destinations for 2020, according to Airbnb, are: 1. Milwaukee, Wisconsin 2. Bilbao, Spain 3. Buriram, Thailand 4. Sunbury, Victoria, Australia 5. Romania 6. Xi’an, China 7. Eugene, Oregon 8. Luxembourg 9. Guadalajara, Mexico 10. Vanuatu 11. Cali, Colombia 12. Cape Canaveral, Florida 13. Aberdeen, Scotland 14. Courtenay, British Columbia, Canada 15. Ubatuba, Brazil 16. Les Contamines-Montjoie, France 17. Tokyo, Japan 18. Kerala, India 19. Malindi, Kenya 20. Maastricht, Netherlands Don’t miss: These are the world’s most liveable cities in 2019

This is the most liveable city in America


Company: cnbc, Activity: cnbc, Date: 2019-10-13  Authors: taylor locke
Keywords: news, cnbc, companies, according, yearoveryear, trending, increase, airbnbs, bilbao, bookings, cities, destinations, travel, buriram, city, 2020, airbnb


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When it pays to buy travel insurance

Yet there is one more item you may be missing: travel insurance. “People usually forget about travel insurance,” said Jason Cochran, editor-in-chief of travel website Frommers.com. “Travel insurance can cost as little as a few dollars per travel day, but can save you a lot if any bad fortune arises on your vacation,” said Shannon McMahon, an editor at online travel magazine SmarterTravel.com. Trip cancellationNataliaDeriabina | iStock | Getty ImagesOne of the most popular types of travel insuran


Yet there is one more item you may be missing: travel insurance. “People usually forget about travel insurance,” said Jason Cochran, editor-in-chief of travel website Frommers.com. “Travel insurance can cost as little as a few dollars per travel day, but can save you a lot if any bad fortune arises on your vacation,” said Shannon McMahon, an editor at online travel magazine SmarterTravel.com. Trip cancellationNataliaDeriabina | iStock | Getty ImagesOne of the most popular types of travel insuran
When it pays to buy travel insurance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michelle fox
Keywords: news, cnbc, companies, medical, things, insurance, buy, pay, rental, trip, vacation, coverage, travel, cochran, pays


When it pays to buy travel insurance

Airfare. Hotel. Rental car. When planning your next vacation, those are the first things you look to book. Yet there is one more item you may be missing: travel insurance. With prime booking season for holiday travel now getting underway, it could be a good idea to see what options you have. “People usually forget about travel insurance,” said Jason Cochran, editor-in-chief of travel website Frommers.com. “You don’t think you need it until you do.” Nothing drives that point home more than last month’s collapse of 12-year-old British travel firm Thomas Cook, which left hundreds of thousands of vacationers stranded. “Most would not have assumed a company so venerable could go out of business, but it can,” said Cochran, who also co-hosts “The Frommer Travel Show” on WABC radio in New York. Insurance coverage can cover things such as trip cancellation, medical treatment, lost luggage or a missed connection.

Across the board, the biggest mistake [people make] is not understanding the coverage. Megan Moncrie Squaremouth

The premium varies and depends on things like your age, medical history, price and length of the trip and the benefit amount. It can be anywhere from about 5% to 10% of your trip’s cost. “Travel insurance can cost as little as a few dollars per travel day, but can save you a lot if any bad fortune arises on your vacation,” said Shannon McMahon, an editor at online travel magazine SmarterTravel.com.

See what you already have

Before purchasing any type of trip insurance, take a look at any coverage you may already have. Your homeowners policy may provide some protection, such as for theft, and your auto insurance may cover a rental car. Your credit card may offer benefits, as well, such as baggage loss coverage, flight delays or cancellations protections, and sometimes basic medical coverage, McMahon said. Some cards also offer secondary car rental collision damage waiver coverage when they are used to reserve and pay for rentals. Chase Sapphire and United MileagePlus Club credit cards come with complimentary primary CDW coverage, while most American Express cards offer cardholders free secondary CDW coverage or, for an extra flat fee, primary coverage on any rental in a set period (e.g., $19.95 for full coverage on any rental for 42 days from date of first rental).

Trip cancellation

NataliaDeriabina | iStock | Getty Images

One of the most popular types of travel insurance is trip cancellation. Just be sure you know what you are buying. “Across the board, the biggest mistake [people make] is not understanding the coverage,” said Megan Moncrief, chief marketing officer of Squaremouth, a website that compares travel insurance. The most comprehensive coverage is “cancel for any reason” — as in, if you change your mind — but it comes at a price. Expect to pay about 50% more. Generally, you’ll get about 75% of your trip reimbursed. There are also policies with a variety of exclusions. What most people look for is insurance that allows them to cancel their vacation in case of injury or illness, or if there is bad weather, such as a hurricane. Expect to provide a doctor’s note for any medical claims. If you aren’t taking a cruise or a tour and instead booked the various pieces of the vacation yourself, you don’t necessarily need trip cancellation insurance. You may just pay a change fee with the airline and can likely cancel your hotel for no penalty if it is within a certain window. Another thing to consider is how far in advance you booked the trip. If it is a last-minute vacation, the likelihood of something coming up is slimmer than if you booked it seven months out.

Medical

Before purchasing medical insurance, check your medical policy to see what coverage, if any, is offered if you travel abroad. For example, Medicare and Medicaid generally do not cover you outside the U.S. Even if you are covered, you’ll likely have to pay for any treatment up front and then file for reimbursement when you return home. “If you are going abroad, you want to make sure if you get sick … you don’t pay an extreme amount of money,” said Frommers’ Cochran. While travel medical insurance covers things that come up on your trip, be aware of any exclusions — if you injure yourself skydiving or bungee jumping, you may not be covered, he said. Also, check the policy’s specifics on preexisting conditions. If you have some medical concerns before the trip or plan to go skiing or an another adventure, you may want to consider medical evacuation insurance. It generally covers you if you have to be flown off the ski mountain, transported to a hospital or if you are really sick and need to be transported home.

Thinkstock | Stockbyte | Getty Images

If you need a medical evacuation and don’t have insurance, it could cost you $20,000 to $50,000, Cochran said. Once you are off enjoying your vacation, be sure to keep a copy of the policy on or near you — such as in your purse — and not back in the hotel room, he warns. He pointed to reports of a British teen who died in Cambodia a few years ago after his treatment was allegedly delayed because medics couldn’t find his insurance papers. “Insurance is no good if you are incapacitated and they can’t find proof” of coverage, Cochran said.

Other options

You can also get insurance for things like lost or delayed bags, missed connections or accidental death. “Traveling is such an unknown,” said Squaremouth’s Moncrief. “So many different factors impact our flights — if anything isn’t leaving on time or arriving on time — it’s such a trickle effect. “These can come in handy when these smaller things impact your trip in a bigger way.” Also, if you travel frequently, an annual policy could save you money. They are usually around $250, said Cochran.

Where to get it


Company: cnbc, Activity: cnbc, Date: 2019-10-11  Authors: michelle fox
Keywords: news, cnbc, companies, medical, things, insurance, buy, pay, rental, trip, vacation, coverage, travel, cochran, pays


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Chinese tourism growth slows as overseas travel loses its luster

BEIJING — The rapid growth of Chinese tourism took a bit of a breather during the latest week-long National Day holiday, government data indicate. “Golden Week data point to a slowdown,” Ting Lu, Nomura’s chief China economist, said in the title of a report distributed Wednesday. “As China’s economy has become increasingly reliant on consumption to drive its growth, data from ‘golden weeks’ have become a good barometer of China’s consumption growth trend.” Tourism growth slowed during another go


BEIJING — The rapid growth of Chinese tourism took a bit of a breather during the latest week-long National Day holiday, government data indicate. “Golden Week data point to a slowdown,” Ting Lu, Nomura’s chief China economist, said in the title of a report distributed Wednesday. “As China’s economy has become increasingly reliant on consumption to drive its growth, data from ‘golden weeks’ have become a good barometer of China’s consumption growth trend.” Tourism growth slowed during another go
Chinese tourism growth slows as overseas travel loses its luster Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: evelyn cheng
Keywords: news, cnbc, companies, tourism, chinese, travel, golden, loses, data, consumption, slows, day, days, growth, oct, overseas, week, holiday, million, luster


Chinese tourism growth slows as overseas travel loses its luster

XIAOSHAN AIRPORT, HANGZHOU, ZHEJIANG PROVINCE, CHINA: An outbound tourist group is waiting for check-in in front of the counter of China Customs. Chinese nationals have become the largest number of foreign tourists visiting other countries in 2015 as the number of outbound visitors crossed 120 million, registering an 11 million increase from last year.

BEIJING — The rapid growth of Chinese tourism took a bit of a breather during the latest week-long National Day holiday, government data indicate.

The seven-day vacation from Oct. 1 to Oct. 7 is dubbed “Golden Week” and is one of the few major government-mandated holidays in a country where personal vacation days are few. This year’s National Day was particularly significant domestically since it revolved around massive celebrations on Oct. 1 for the 70th anniversary of the Communist Party’s rule.

Chinese tourist sites received 782 million visits during the holiday, up well over 7% from last year’s 726 million, according to the Ministry of Culture and Tourism. But, that’s slower than reported growth of more than 9% in 2018, and down from a 10% increase in 2017.

Retail and food and beverage sales from Oct. 1 to Oct. 7 grew 8.5% to 1.52 trillion yuan ($212.7 billion), according to the Ministry of Commerce. While a solid figure, that’s a slower pace than the Commerce Ministry’s claims of nearly 10% or higher growth for previous years.

“Golden Week data point to a slowdown,” Ting Lu, Nomura’s chief China economist, said in the title of a report distributed Wednesday. “As China’s economy has become increasingly reliant on consumption to drive its growth, data from ‘golden weeks’ have become a good barometer of China’s consumption growth trend.”

Chinese authorities are trying to boost domestic consumption in an effort to support economic growth. Shortly after a major government meeting in March, authorities announced the May 1 Labor Day holiday would be extended by two days by swapping those working days with weekends, as is typical in China.

Tourism growth slowed during another golden week this year, the Lunar New Year holiday in February. Official numbers for overseas travel during that period were not clear about the actual rate of change.


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: evelyn cheng
Keywords: news, cnbc, companies, tourism, chinese, travel, golden, loses, data, consumption, slows, day, days, growth, oct, overseas, week, holiday, million, luster


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Hays Travel to buy Thomas Cook’s UK stores, government agency says

One fast-food stock is best in show right now, trader saysFast-food stocks have been gobbled up in the past year, and two market experts discuss which name could break out even further. Trading Nationread more


One fast-food stock is best in show right now, trader saysFast-food stocks have been gobbled up in the past year, and two market experts discuss which name could break out even further. Trading Nationread more
Hays Travel to buy Thomas Cook’s UK stores, government agency says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09
Keywords: news, cnbc, companies, thomas, stocks, nationread, stock, buy, gobbled, furthertrading, travel, past, trader, cooks, right, saysfastfood, market, hays, agency, stores


Hays Travel to buy Thomas Cook's UK stores, government agency says

One fast-food stock is best in show right now, trader says

Fast-food stocks have been gobbled up in the past year, and two market experts discuss which name could break out even further.

Trading Nation

read more


Company: cnbc, Activity: cnbc, Date: 2019-10-09
Keywords: news, cnbc, companies, thomas, stocks, nationread, stock, buy, gobbled, furthertrading, travel, past, trader, cooks, right, saysfastfood, market, hays, agency, stores


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Boeing taking $20 million stake in Virgin Galactic, with a vision of commercial hypersonic travel

The investment from the aerospace giant comes as Virgin Galactic prepares to become the first human spaceflight company to go public. “Our teams have been talking for quite some time now,” Virgin Galactic CEO George Whitesides told CNBC. Once the merger closes, Virgin Galactic will have a valuation of $1.5 billion, with SCH retaining a 49% stake. Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin GalacticSchettler views Virgin Galactic, and the broader industry, at an inflection


The investment from the aerospace giant comes as Virgin Galactic prepares to become the first human spaceflight company to go public. “Our teams have been talking for quite some time now,” Virgin Galactic CEO George Whitesides told CNBC. Once the merger closes, Virgin Galactic will have a valuation of $1.5 billion, with SCH retaining a 49% stake. Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin GalacticSchettler views Virgin Galactic, and the broader industry, at an inflection
Boeing taking $20 million stake in Virgin Galactic, with a vision of commercial hypersonic travel Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: michael sheetz
Keywords: news, cnbc, companies, stake, whitesides, boeing, space, galactic, speed, hypersonic, mobility, million, taking, test, travel, commercial, vision, virgin, company


Boeing taking $20 million stake in Virgin Galactic, with a vision of commercial hypersonic travel

Virgin Galactic’s spacecraft Unity fires its rocket engine as it heads toward space. Virgin Galactic

Boeing’s venture arm HorizonX announced on Tuesday that it will invest $20 million in Sir Richard Branson’s space tourism company Virgin Galactic, as the two companies hope to mature the technologies needed to make hypersonic air travel possible one day. The investment from the aerospace giant comes as Virgin Galactic prepares to become the first human spaceflight company to go public. Virgin Galactic is planning to list on the New York Stock Exchange before the end of the year, through a merger announced in July with Social Capital Hedosophia (SCH), a special-purpose acquisition company (SPAC) created by venture capitalist Chamath Palihapitiya. “Our teams have been talking for quite some time now,” Virgin Galactic CEO George Whitesides told CNBC. “The broader capabilities of Boeing are unmatched in mobility and experience in human spaceflight, so we’re over the moon about this partnership.” Boeing will have a minority stake in Virgin Galactic once it goes public, as the investment is in return for new shares of the company. Once the merger closes, Virgin Galactic will have a valuation of $1.5 billion, with SCH retaining a 49% stake. “$20 million is a drop in the bucket for the $1 billion that they’ve raised,” Brian Schettler, senior managing director of Boeing HorizonX Ventures, told CNBC. “It’s really to catalyze a bigger partnership and align the companies to explore the future of high speed mobility and commercial access to space.”

Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic

Schettler views Virgin Galactic, and the broader industry, at an inflection point for commercial access. The space tourism company is in “the final stretch” of testing, Whitesides said, adding that the company “still feels good about going into operation next year.” Virgin Galactic said in July that it was on track to begin flying its first customers next year. The company has a backlog of 603 customers as of the end of June. Additionally, since its two most recent test flights reached the edge of space, Virgin Galactic says it has received interest from more than 3,000 new potential customers.

The company’s spacecraft Unity holds up to six passengers along with the two pilots. The spaceship is dropped from a jet-powered aircraft at about 40,000 feet before firing its rocket motor, reaching over three times of the speed of sound as it climbs toward space. Unity carried one passenger during its February test flight, the company’s chief astronaut trainer Beth Moses, and is now in the process of moving its operations from test facilities at the Mojave Air & Space Port in California down to Spaceport America in New Mexico. “We have to bring the spaceship down to New Mexico and then we’ll start our final batch of test flights, testing out the cabin,” Whitesides said. Virgin Galactic today has about 800 employees between its flagship and manufacturing business units. The company has two more spacecraft under construction in Mojave and plans to expand its total fleet to five by the end of 2023.

Point-to-point high speed travel

Both Whitesides and Schettler emphasized the investment from Boeing will allow the companies to explore developing a vehicle capable of flying around the world at hypersonic speeds. “The other exciting part of this is the high speed mobility part,” Whitesides said. “There’s nobody bigger or better at long range mobility than Boeing.” There are a variety of new approaches being developed to make point-to-point high speed travel a reality, whether it’s SpaceX’s idea of a landing and reusing an orbital rocket or flying at hypersonic speeds through the upper atmosphere. Hypersonic is a speed at Mach 5 and higher, or more than five times the speed of sound. According to Virgin Galactic, while a business jet from Los Angeles to Tokyo would take 11 hours, a hypersonic jet would make the same trip in 2 hours. “There’s a new chapter that’s going to start getting written over the coming years,” Whitesides said.


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: michael sheetz
Keywords: news, cnbc, companies, stake, whitesides, boeing, space, galactic, speed, hypersonic, mobility, million, taking, test, travel, commercial, vision, virgin, company


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