financetom
Business
financetom
/
Business
/
Eclipse boosts travel as Americans chase rare celestial event
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Eclipse boosts travel as Americans chase rare celestial event
Apr 5, 2024 9:36 AM

(Reuters) - The upcoming solar eclipse is proving to be a good omen for travel firms, as some parts of the United States that fall in the "path of totality" see unprecedented demand for lodging from eager Americans waiting to catch a glimpse of the celestial event.

In a total solar eclipse occurring on Monday April 8, the moon will blot out the sun for millions of people in Mexico, the United States and Canada.

Airbnb ( ABNB ) listings along the U.S. path of totality, or the narrow strip stretching from Texas to Maine from where people will be able to view the sun's corona, have seen occupancy levels skyrocket to nearly 90%, the vacation rental firm said.

Occupancy for all active rental listings across the path in the United States, Canada and Mexico was at 92.4% for the night of April 7, up sharply from about 30% a few days prior, according to travel data firm AirDNA.

"It is a nice bump in demand in a relatively slow period of the year. Typically April isn't a high point for short-term rental demand," said Jamie Lane, chief economist at AirDNA.

Short-term rental listings in New Hampshire and Missouri, for example, are seeing demand surge 514% and 338%, respectively, for the week, AirDNA added.

Hotel, rental car and flight bookings have also tripled, data from consultancy firm Navan showed, with room prices in some cities seeing a more than two-fold rise. Niagara Falls, for instance, saw prices surge 249%.

Rental car company Hertz said advanced car bookings for April 6 jumped 3,000% in cities along the path of the eclipse. The company has been preparing for more than a year to meet the rush by boosting staffing and cars in high-demand areas.

With most hotels and rental properties being fully booked or listed at higher prices, some Americans are exploring the options of campsites and recreational vehicles to catch a glimpse of the eclipse.

"Demand for eclipse camping has been huge - we've experienced a massive spike in bookings for stays this week," said Alyssa Ravasio, founder and CEO of camping firm Hipcamp, which saw weekly bookings in the region surge 9,000%.

The company is also seeing a surge in international visitors, with campers from countries including Japan, Iceland, Germany and Australia, Ravasio said.

(Reporting by Nathan Gomes, Deborah Sophia and Akash Sriram in Bengaluru; Editing by Anil D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
ASML Stock Climbs Amid Nvidia's Blowout Quarter: What's Going On?
ASML Stock Climbs Amid Nvidia's Blowout Quarter: What's Going On?
May 29, 2025
ASML Holding NV ( ASML ) shares rose 1.05% to $754.35 on Thursday, gaining in sympathy with Nvidia Corp, which surged nearly 6% following blockbuster first-quarter results that exceeded Wall Street expectations. Nvidia's earnings fueled a broader semiconductor rally, lifting peer stocks like ASML ( ASML ). What To Know: Nvidia reported first-quarter revenue of $44.1 billion, a 69% year-over-year...
US FAA extends program allowing Boeing to conduct agency tasks like inspections
US FAA extends program allowing Boeing to conduct agency tasks like inspections
May 29, 2025
* Long-time program allows Boeing ( BA ) to conduct tasks on FAA behalf * Critics have said the FAA did not ensure adequate oversight * Agency says it will closely monitor Boeing ( BA ) actions By David Shepardson WASHINGTON, May 29 (Reuters) - The U.S. Federal Aviation Administration on Thursday said it would extend by three years a...
Sector Update: Consumer
Sector Update: Consumer
May 29, 2025
01:10 PM EDT, 05/29/2025 (MT Newswires) -- Consumer stocks were rising Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) advancing 0.2%. In corporate news, Tesla (TSLA) Chief Executive Elon Musk said Thursday on X that he's leaving the Department of Government Efficiency, or DOGE. Separately, Musk...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved