Patrick Scholes, Truist Securities managing director of lodging and leisure equity research, joins ‘Your Money 2022: Global Edition’ to discuss the travel sector’s post-pandemic comeback.
04:08
Mon, Mar 7 20227:13 PM EST
So far, there hasn’t been much impact on domestic travel, says Truist’s Scholes
Travel
We’re upgrading our rating on Disney thanks to a misguided market reaction to earnings
Disney shares are under pressure Wednesday after the entertainment giant reported mixed quarterly results. We think it’s an opportunity. Revenue in the three months ended June 28 increased 2% year over year to $23.65 billion, missing expectations of $23.73 billion, according to LSEG. Adjusted earnings per share (EPS) in the fiscal 2025 third quarter totaled […]
Read More
Travel
Singaporeans are avoiding the U.S. more than other Asian travelers. Here’s why
Southeast Asians are skipping trips to the United States this year — for a variety of reasons. Singaporeans, however, are rejecting it at greater levels than others, a survey of 6,000 regional travelers showed. The survey commissioned by CNBC Travel showed 7% of Singaporeans said their interest in visiting the U.S. increased this year, […]
Read More
Travel
U.S. to require some travelers post up to $15,000 bonds to enter: What to know
The United States is launching a pilot program that could require some inbound travelers to pay bonds of up to $15,000 to enter. The 12-month program is aimed, in part, at visitors from countries with historically high visa overstay rates, according to an unpublished temporary final rule posted in the Federal Register on Tuesday. […]
Read More