Increased Demand for Family, Sun, and Sand

  As the U.S. announced it will allow vaccinated foreign travelers to enter the country starting on November 8, travel sites started seeing an excess of bookings.  Expedia is reporting over a 20 percent increase in searches for U.S. hotels from both the U.K. and France.  Holiday travel for 2021 seems to be trending back […]

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Shot Heard Round the World…Vaccine Update

News of the Pfizer vaccine is spreading like wildfire around the world today. Covid-19 has killed more than 1.2 million people the world over. Today, Pfizer announced a vaccine that has a 90% effective rate with no serious safety concerns. If these numbers are to hold true, Pfizer’s new vaccine would hold up to the […]

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Coronavirus Spike

With the world being consumed for all of 2020 thus far with coronavirus headlines, we are all familiar with the risks due to exposure and transmission of COVID-19.  One of the pieces of information cycling around COVID-19 is the incubation period being up to 14 days, with a median of about 5 days.  This timeline […]

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Memorial Weekend Staycation

For the first time in 20 years, AAA has NOT issued their Memorial Day travel forecast since the economic data utilized to create the forecast has been affected by COVID-19. Even with states reopening, many Americans are choosing to play it safe and stay home. The AAA annual forecast that estimates how many people will […]

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Italy goes into lockdown as Coronavirus cases blossom

Over the weekend, Italy announced that they were planning to quarantine the northern region of Lombardy as they fought to contain the spread of the coronavirus (COVID-19). The government put measures in place, such as fines, to prevent people from entering and leaving the region until at least April 3rd. They also imposed a decree […]

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Global travel restrictions encourage global fuel glut

With global chatter circling around the latest mass scale respiratory ailment, the coronavirus, there is global glut of petroleum fuels.  Like SARS, in 2003, the coronavirus is thought to spread through respiratory droplets being transmitted form one person to another (i.e., sneeze or cough).  With the potential for person to person transmission being so high, […]

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The Coronavirus Effects on Trade

This morning, WTI crude oil prices traded as low as $52.13/barrel, the lowest level since October of last year. With threats of the Coronavirus spreading, travel and trade have become a factor in this sell off.  With the fear of the disease spreading until there is a vaccine, traders forecast travel will be subdued, meaning […]

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