Luxury

This comprehensive archive offers the latest insights, trends, and developments in the luxury travel industry, tailored specifically for professionals and stakeholders in the field. Featuring in-depth analysis and updates on hotels, tours, airlines, and cruise lines, the news stories in this collection provide essential information for those seeking to stay ahead in this rapidly-evolving market.

Debt-Laden Samsonite Reels From Coronavirus Crisis Aftershocks

By itself, the coronavirus scare needn't be like kryptonite to Samsonite, which has high gross margins. But the long-term double whammy of supply shocks (due to factory closings) and demand shocks (due to travelers pulling back on spending) may reduce the company's ability to pay interest on its heavy debts.