Even as bigger price drops await in the fall, superheated summer prices are already starting to cool.
The national average for a gallon of gas on Monday was $4.21, a 14-cent drop compared with a week ago and a 63-cent plunge from a month ago, according to AAA. That’s still more than $1 a gallon higher than it was a year ago.
After months of increases, consumer price data showed that airfare dropped 1.8 percent in June from the month before, and lodging rates fell 3.3 percent, according
Airbnb (ABNB) saw its business depleted when the coronavirus pandemic hit, losing 80% of its business in just eight weeks.
CEO and Co-Founder Brian Chesky doesn’t expect a repeat, however, even in a prolonged economic downturn.
Speaking to Yahoo Finance Live, Chesky said the home rental company is well-positioned to ride out any recession because its platform is “incredibly adaptable.”
“We have nearly every type of space in nearly every type of community — all over the world, whenever habits change, we’re able to adapt,” he said. “Airbnb is a very affordable alternative to hotels for a lot of people. That’s why I think a lot of people are going to turn to Airbnb in this economic environment.”
Shares of Airbnb extended their declines Tuesday, with the stock falling more than 1% despite swinging to a profit in the second quarter. Revenue grew 58% year-over-year, as pent-up travel demand continued
(CNN) — A passenger traveling from Bali, Indonesia to Australia has found themselves paying a hefty price for a McDonald’s breakfast.
The unnamed traveler was handed a fine of 2,664 Australian dollars ($1,874) after two undeclared egg and beef sausage McMuffins and a ham croissant were found in their luggage on arriving at Darwin Airport in the country’s Northern Territory last week.
The incident came about days after Australian authorities brought in tough new biosecurity rules after a Foot and Mouth disease (FMD) outbreak in Indonesia spread to Bali, a popular destination for Australian tourists.
Australia’s Department of Agriculture, Fisheries and Forestry said a “range of undeclared risk products,” including the fast food items, were detected in the passenger’s rucksack by a biosecurity detector dog named Zinta.
Our first day’s hike saw us skirt the southern shore of Loch Hourn, a steep-sided, fjord-like body of water that reaches like a witch’s finger between the peninsulas of Glenelg and Knoydart. The route traced the edges of the loch shore – it was mostly rocky and easy to discern, but often collapsed into boggy marsh, which sucked our boots and smeared our ankles in mud. This was once a deer-stalker’s path, and, more forebodingly, a coffee road – a route along which corpses were carried to the Kilchoan burial ground in Inverie.
I wondered what secrets lurked in the bog; imagined ghostly hands grasping at my boots each time they squelched beneath the mire. Fittingly enough, Loch Hourn translates from Gaelic as “Lake Hell”; Loch Nevis, our destination, as “Lake Heaven”.
But first came purgatory: the mountains and the bog. We ducked our way along loch-side paths overgrown with
Flight prices are expected to drop significantly in August and into the early fall following a very busy — and expensive — summer travel season.
According to Hopper, domestic airfare is expected to drop 25% in August, compared to its peak in May of this year. In fact, the average airfare price will decrease to $286 this month, or 3% lower than this time last year, and remain at or below $300 through September.
The decrease is attributed to several factors, including a drop in demand after Hopper said many people “exhausted” the pent up post-pandemic travel demand with summer vacations.
“Flight prices drop seasonally in late August through mid October, as demand tapers off following the peak vacation months in May, June and July,” Hopper wrote in its findings. “The drop this year is larger than usual as a result of the abnormally high summer prices and earlier peak