Debt tips

Cruise companies are still continuing with their new vessel orders despite choppy waters in an uncertain consumer spending environment — and face the risks of piling on more debt.

AccorInvest, a hotel owner-operator company that global hotel group Accor created in 2017, is seeing a rising share of its outstanding debt owned by one player, the hedge fund Sculptor, Bloomberg News reported on Tuesday.

Indian low-cost carrier SpiceJet said it has restructured its outstanding lease rental worth over $100 million to aircraft leasing firm Carlyle Aviation Partners into equity shares and convertible debentures.

TUI is closer to settling the substantial financial aid it received from German authorities during the pandemic. 

Trendy Buy Now, Pay Later offerings often mean travelers pile up debt and pay high interest rates to fund their vacations, but online travel agency CheapOair began promoting savings accounts with cash rewards as an alternative.

Canada’s tourism sector could experience a wave of business shutdowns in the next few years. The main problem: Companies there took on piles of debt during the pandemic, and now they’re cash strapped because international travel has been sluggish and operational costs are rising.

Frontier Airlines is looking to lighten the burden of the debt by giving away airline miles to 100 people.  The airline's Student Loan Mile Match will award the lucky winners the amount of student debt they have in the form of miles, up to 100,000. For example, if someone has $50,000 in debt, they would receive 50,000 Frontier Airlines Miles.  “With flights available for as little as 10,000 miles, Frontier Miles are a great way to take advantage of Frontier’s expansive network and enjoy a getaway to explore someplace new or visit family and friends,” Frontier Airlines Vice President of Marketing Tyri Squires said in a statement to Travel + Leisure.   To enter, participants can submit an entry form on the contest's website.

Chris and Lindsay Harvey, a millennial couple from Florida, have been living on the road since March 2018.

After being foster parents to eight children for two years, Chris and Lindsay Harvey were looking for a change in lifestyle.