Travel Industry Faces Growing Concern Over Zika Virus

Caribbean VacationsBOSTON The Italian countryside is the holiday vacation spot of alternative for prime-flying hedge fund managers who’re prepared to pay $2,000 to $4,000 per particular person a day to only sit back, mentioned a travel adviser for the wealthy.

Apple Leisure has 12-month earnings earlier than interest, tax, depreciation and amortization of $170 million, the people added. There isn’t any certainty that Bain will conform to promote Apple Leisure, one of many people stated. Genetic evaluation showed that the virus within the 4 instances was the identical as the Zika virus strain presently circulating in Brazil.

In January, Royal Caribbean Cruises Ltd will launch its first ever Zumba Cruise, offering all-day classes in the widespread Latin American dance-based mostly cardio program throughout a cruise that will depart from Fort Lauderdale in Florida and make stops in Jamaica and Haiti. Obama will also cross paths at the Summit of the Americas … Read more

On Family Vacations, It’s Sun, Sea (And E (4)

Caribbean VacationsNEW YORK Shares of Royal Caribbean Cruises Ltd (RCL.N), the world’s second-largest cruise firm, may be cheap, as traders might be overcompensating for the effects of excessive gas costs and a weak U.S. financial system, monetary weekly Barron’s reported in its June 2 version.

Investors need to pay 497 foundation factors a 12 months or $497,000 to insure $10 million of Royal Caribbean debt towards a default with credit default swaps for five years, in keeping with Markit Intraday. The cost to protect Carnival Corp’s debt was round 135 basis factors, in line with Markit. In one other signal of Zika’s influence on vacationers, sales of journey cancellation insurance have surged among people reserving Latin American holidays, RoamRight, a top U.S. provider, told Reuters on Monday.

It was a family vacation we might planned for over a year: four days at Disney World in Florida and three days on a … Read more