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Travel News


Travel Industry Shaken by Economic Downturn (New York Times)
The travel industry has been hit hard by the economic slowdown, particularly in the last few weeks.
   

Budget Travel honors affordable travel innovations (AP via Yahoo! News)
A government agency, an airline, a bus company and several Web sites were among the recipients of Budget Travel Magazine's annual Extra Mile Awards, honoring "noteworthy innovations, large and small, that make travel easier, more enjoyable, and/or more affordable across all aspects of the industry."
   

Travel Tips: Readers' air, cruise and hotel secrets (USA Today)
Each week USA TODAY taps our traveling audience for the their best advice on air travel, cruising and hotels. Leave a tip or take a tip it could be run in an upcoming issue of USA TODAY.
   

Avis Credit Risk Soars on Debt Costs, Travel Slowdown (Update2) (Bloomberg)
Oct. 6 (Bloomberg) -- The cost of protecting bonds of Avis Budget Group Inc. from default increased the most in at least four years last week on concerns that the economic slump will hurt travel and rising interest rates will raise borrowing costs.
   

Avis Credit Risk Soars on Debt Costs, Travel Slowdown (Update1) (Bloomberg)
Oct. 6 (Bloomberg) -- The cost of protecting bonds of Avis Budget Group Inc. from default increased about 40 percent last week on concerns that the economic slump will hurt travel and rising interest rates will raise borrowing costs.
   

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