More Posts On: Financial

Hertz to Emerge From Chapter 11 Bankruptcy as Soon as June 2021

Hertz Global Holdings, Incorporated — which includes certain subsidiaries of its operations in the United States and Canada — is poised to emerge from reorganization under Chapter 11 in the United States Bankruptcy Court as soon as June of 2021 if all goes well, as a recent official press release announced that all of the required court filings have been completed and are needed to continue the process, which was initiated at the beginning of March 2021.

Upon its emergence from Chapter 11 under the current terms of two proposals, Hertz Global Holdings, Incorporated would…

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15 Tips on What Can You Do as Rental Car Rates Increase in the United States

The inventory of vehicles in the fleets of rental car companies has significantly been reduced for the year 2021 — but for a simple reason: the basic economic principles of supply and demand as the result of the current 2019 Novel Coronavirus pandemic.

As demand for renting vehicles declined substantially, rental car companies either reduced the inventory of vehicles in their fleets accordingly; declared bankruptcy protection; a combination thereof; or have gone out of business…

…but now that demand is spiking, fewer vehicles are currently available to rent — and because rental car companies cannot simply just order thousands of new vehicles at a time and have them immediately delivered to meet that demand, rates to rent vehicles will likely increase significantly.

As for what can you do to mitigate the pain…

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New York to Drop Domestic Quarantine Requirement — And Increase Tolls

Travelers from another states or territories of the United States will no longer be required to quarantine after entering the state of New York effective as of Thursday, April 1, 2021, according to this official press release from Andrew M. Cuomo, who is the current governor of New York — a mandatory quarantine still remains in effect for travelers who arrive from anywhere else in the world — but if you are one of those travelers who has been wanting to visit the city of New York and plan to drive a vehicle, get ready to pay more in tolls next month as well.

The Department of Health of the State of New York still…

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MGM Resorts Sued for False Advertising Via Resort Fees by Travelers United

An advocacy membership organization which represents all travelers has filed a lawsuit against MGM Resorts International for violations of the Consumer Protection Procedures Act, claiming that the casino and lodging company uses advertising to purposely deceive potential customers to book reservations by not immediately disclosing mandatory resort fees until once the process of booking reservations has already begun — which causes the initial room rates at hotel properties to appear to be less expensive than competitors.

The lawsuit is not the first one of which mandatory resort fees are the focus, as…

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14 Tips on What Can You Do If Rental Car Rates Increase in the United States

The inventory of vehicles in the fleets of rental car companies has significantly been reduced for the year 2021 — but for a simple reason: the basic economic principles of supply and demand as the result of the current 2019 Novel Coronavirus pandemic.

As demand for renting vehicles declined substantially, rental car companies either reduced the inventory of vehicles in their fleets accordingly; declared bankruptcy protection; a combination thereof; or have gone out of business…

…but now that demand is spiking, fewer vehicles are currently available to rent — and because rental car companies cannot simply just order thousands of new vehicles at a time and have them immediately delivered to meet that demand, rates to rent vehicles will likely increase significantly.

As for what can you do to mitigate the pain…

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Pandemic Officially Declared One Year Ago Today

A media briefing which occurred exactly one year ago today on Wednesday, March 11, 2020 included the first time that the World Health Organization officially declared that the 2019 Novel Coronavirus had reached pandemic disease status — interestingly and coincidentally, exactly six months after the 19th anniversary of the attacks of Tuesday, September 11, 2001, which means that now we will be reminded every six months of a substantially historic event which changed the world.

The 2019 Novel Coronavirus — which…

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The Costs of Transportation by Airplane, Bus, and Train Worldwide

Unless you are going to a destination which is only a few miles away — or unless you have a lot of time — walking is usually not an option when traveling. You must rely on some mode of transportation — whether it is an airplane, bus, train, boat, or car…

…but the cost of…

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Reminder 2020: 8 Reasons to Be Careful About Buying Gift Cards Right Now…

One good offer which has been promoted by multiple restaurants is to receive a promotional card worth $20.00 when you purchase $50.00 worth of gift cards. Depending on the fine print in terms of restrictions, that can be a great deal: a free $20.00 worth of food if you already had planned on spending at least $50.00 anyway — promotion or no promotion — at the restaurant of your choice.

However, unlike frequent travel loyalty program miles and points — in which I questioned in this article as to whether or not they are a currency — gift cards use actual currency to comprise its value. You can get gift cards for just about any company at many denominations of value — such as a gift card to a restaurant worth $50.00…

…but you also have to watch out for the eight pitfalls of gift cards — because if you do not pay attention, you could get burned.

Here is a list of the eight pitfalls of gift cards into which you should be careful not to fall…

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The Highest-Paid Twitch Streamers in the World

Twitch is a platform which allows millions of users to stream live broadcasts of video game play and other live content where they “come together live every day to chat, interact, and make their own entertainment together”, according to its official Internet web site — and since the site was launched in 2011, the platform has become big business with greater than two million streamers broadcasting monthly. With viewership rising in tandem with the growing popularity of “esports”, Twitch now dominates the video game streaming industry and offers top gamers the chance to earn six-figure incomes.

Streamers — who can provide live audio commentary over their game play and interact with chats from viewers — can earn money through…

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