Loading...

We are processing your information.

Please hold tight for a few seconds!

WE Secured
MORE THAN
$1 BILLION
IN Financing
For BUSINESS
OWNERS national business capital logo

Travel Bookings Surge After U.S. Ends International Travel Ban

Listen To This Article

Voiced by Amazon Polly

2 min read. November, 2021 – by Lauren Coppolone

This week, the U.S. eased travel restrictions on international travelers in more than 30 countries. Vaccinated travelers can now come to the U.S. for the first time in nearly two years. 

It was a move that Delta CEO Ed Bastian called a “critical moment in our road to international recovery.” In addition to air travel, land borders will reopen to Mexico and Canada. 

The news gave a boost to airline stocks like American Airlines, Delta, and British Airways owner AIG. These stocks have been steadily rising all month in anticipation of the travel ban lifting. 

us ends international travel ban

Travel ban lifted for vaccinated passengers

The travel ban lifted restrictions for vaccinated travelers in countries like Mexico, Canada, and most of Europe. Travelers over the age of 18 must be fully vaccinated and test negative for COVID within 72 hours of flying. 

Airlines are required to enforce these protocols and match vaccine records to the passenger’s identification. Failing to meet these requirements will result in a $35,000 fine per violation.  

Investors are hoping the lifted travel ban will lead to an influx of bookings, and early signs indicate they may be right. The number of international flights has already increased by more than 300%. 

Virgin Airlines said its flights were 98% full on Monday, while the Lufthansa Group said its carriers were at capacity. The travel booking site Expedia also saw international travel start to pick up. And Expedia’s recent quarterly revenue is up 97% from where it was a year earlier. 

The U.S. isn’t the only country to ease international travel restrictions. Last month, Singapore announced that vaccinated travelers from certain countries wouldn’t be required to quarantine upon arrival.

Increasingly, countries are looking for ways to manage COVID instead of trying to eliminate it altogether. The hope is that by ending country-specific bans, normal travel can begin to occur while limiting the virus’s spread. 

Recovery won’t happen overnight

Lifting the travel ban is a positive step forward, but a full recovery for the airline industry will take time. There are still many factors that could cause travel bookings to drop. 

For most travelers, safety is their top concern. If coronavirus cases remain low and most people feel comfortable traveling, bookings will likely continue to increase. But a surge in cases or a new variant could derail much of that progress. 

For instance, during the third quarter, Expedia saw a decrease in bookings due to the Delta variant. If a new coronavirus variant emerges, it could cause similar results.

And high fuel prices continue to cause problems for airline companies. If these companies are forced to pass rising prices onto their customers, this could also lead to a decrease in travel. 

But the travel industry does seem to be headed in the right direction. On a recent call with investors, Bastian predicted that Delta would have 75% of its business restored by the end of 2021.  

Last Updated on November 12, 2021

National Business Capital is the top FinTech marketplace offering small business loans and financing. Harnessing the power of leading technology and smart people, we’ve streamlined the application process to secure over $1 Billion in financing for business owners nationwide.

Our Business Financing Experts work within our 75+ Lender platform to match you with the right option. Easily access the best low-interest SBA loans, short and long-term loans, business lines of credit and equipment financing all in one place.

We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!

About the Author, Lauren Coppolone

Lauren is the Marketing Manager at Nationalbusinesscapital.com. She has 7 years of professional experience with a focus on small business marketing and finance. She previously worked as a senior business analyst for B2B SaaS, Sky IT Group. She has covered topics including, business financing, startups, retail, taxes & regulations, etc. Her work has been featured by USA Today, Google & Yahoo News. Lauren holds a B.A. from the Fashion Institute of Technology’s (FIT) School of Business.

https://www.linkedin.com/in/laurencoppolone/


Disclaimer: The information and insights in this article are provided for informational purposes only, and do not constitute financial, legal, tax, business or personal advise from National Business Capital and the author. Do no rely on this information as advice and please consult with your financial advisor, accountant and/or attorney before making any decisions. If you rely solely in this information it is at your own risk. The information is true and accurate to the best of our knowledge, but there maybe errors, omissions, or mistakes.