Skift Take
This is the most significant international travel news since the start of pandemic restrictions being put in place. Watch travel bookings go crazy — and the share prices of travel companies.
The Biden administration announced Monday that the United States is reopening to fully vaccinated air travelers from anywhere around the world starting in early November, ending a ban that has been in place for 18 months.
The White House's complete turnaround on restrictions is a huge boost to the travel industry with tens of thousands of global travelers unable to travel to the United States from the earliest days of the pandemic.
The U.S. Travel Association trade group previously estimated that the restrictions, if they ran to the end of the year, would cost the U.S. economy $325 billion in total losses and 1.1 million jobs.
Shares of travel company stocks shot up on the news, like British Airways parent IAG, whose stock price rose 11 percent on Monday.
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