HONOLULU (AP) — A developer aims to bring a fourth hotel to the Honolulu suburb of Kapolei amid demand from local residents and business travelers for less expensive hotel rooms outside of resort districts.
Small businesses in the U.S. that depend on tourism and vacationers say business is bouncing back, as Americans rebook postponed trips and spend freely on food, entertainment and souvenirs.
Shares of United Airlines tumbled by 8.5% Tuesday after the airline reported a larger first-quarter loss than expected and suggested that key business and international travel won't recover significantly until next year.
United Airlines posted a $1.36 billion loss in the first quarter and will need a rebound in lucrative business and international travel before it returns to profitability.
The loss reported Monday would have been even wider without federal payroll aid, but it was still slightly worse than expected.
Frontier Airlines is betting that the budding recovery in leisure travel is for real.
Shares of the discount carrier began public trading Thursday, edging lower in midday trading. The Denver-based airline and its private owners sought to raise $570 million before costs from the IPO after pricing 30 million shares at $19, the low end of a $19 to $21 target.