May 26, 2020
As of 11:47 a.m. EDT, Expedia was up 8.3%, TripAdvisor had gained 12.2%, Hyatt shares were 6.9% higher, and Marriott had increased 4.3%. At the same time, the S&P 500 was trading 1.7% higher.
Total air travelers in the U.S., according to the TSA, hit a nadir of 87,534 passengers on April 14. By May 22, the Friday before Memorial Day weekend, it was up to nearly 350,000, though that number is still significantly below the level of travelers a year ago, which generally fluctuated between 2 million and 2.5 million. Still, the trend offers some hope to the battered industry even though air travel is down by more than 80%.
Additionally, some major travel destinations have taken steps to reopen their doors. Disney opened the shopping area of Disney World in Florida, known as Disney Springs, and Six Flags, the world's largest theme park operator, said it would reopen a theme park in Oklahoma City, though at lower capacity than normal and with safety protocols including social distancing enforced.
Some highlights:
- 2 million and 2.5 million travelers a day before Coronavirus
- Nearly 350,000 before Memorial Day weekend
- April 14, a nadir of 87,534 passengers
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