PACs

It’s a common practice for corporations to support a particular presidential candidate. Since they aren’t allowed to directly fund a campaign, they set up PACs (political action committees). The PACs send money to candidates or even other PACs

Trump Hasn’t Received Funding from the Travel Industry

No support for Trump

Donald Trump hasn’t received funding from any PACs related to airlines, online travel, or hospitality. He hasn’t received support from any executives in the travel industry. The only support he seems to have received is from some hotel workers and airline pilots.

Republicans continue to receive support

Despite Trump being infamous among the industry, a few still continue to support the Republican Party. Some examples include Marriott’s (MAR) J.W. Marriott Jr. and Richard Marriott. They donated $73,400 and $33,400, respectively, to the Republican Party this election cycle. Investors can gain exposure to Marriott by investing in the First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW). QQEW invests ~1.1% of its portfolio in the stock.

Las Vegas Sands’ (LVS) Sheldon Adelson also supported the Republican Party.

Support for Hillary Clinton

Hilton Worldwide’s (HLT) PAC supported the republican candidate in the last election. It donated $15,000 to the Hillary Victory Fund PAC.

Several executives from the airline industry including those from Delta Air Lines (DAL), American Airlines (AAL), and United Airlines (UAL) have also shown their support for Clinton and the Democratic National party. Of these, the prominent contribution is from Richard Anderson—Delta Air Line’s former CEO. He donated $353,400 to the Hillary Victory Fund PAC.

The online travel industry also seems to be supporting Clinton. Expedia’s chairman, Barry Diller, contributed a significant amount to the Hillary Victory Fund PAC.

Many other prominent Republican business executives have endorsed Hillary Clinton. In fact, Hillary Clinton has collected $21.1 million from donors on the Bloomberg billionaires index, while Trump has collected $1.02 million.

The travel industry hasn’t shown support, despite Trump’s personal interest in the industry’s wellbeing. He has many travel-related brands.

Latest articles

25 Jun

Gold Breaches $1,400: What’s the Next Stop?

WRITTEN BY Anuradha Garg

Gold is now trading close to a six-year high following the Fed’s dovish pivot at its June policy meeting. After being range-bound for the last five years, gold has finally broken out and its outlook is bullish.

Shares of the J.M. Smucker Company (SJM) are up 29.8% year-to-date as of June 24 and have outperformed the broader markets. The company's acquisition of Ainsworth Pet Nutrition and its focus on high-growth categories via divestitures have supported its stock so far this year.

On June 25, General Motors (GM), America’s largest auto company, announced its plan to invest $20 million into its Arlington Assembly plant in Texas, according to Reuters. With the new investment, the company aims to upgrade its equipment before launching its full-size SUVs.

Shares of high-growth technology company ServiceNow (NOW) have gained close to 16.0% since April 2019. It's gained over 60.0% since the start of 2019. It also had an encouraging run in 2018, when it gained 32.0% in market value.

25 Jun

Ford to Announce Q2 US Sales on July 3: What to Expect

WRITTEN BY Jitendra Parashar

Earlier today, Ford (F) said that it would announce its second-quarter US sales data on July 3. In the first quarter, the company reported a 1.6% YoY decline in its US sales to 590,249 vehicle units. During the first quarter, Ford’s truck sales rose by 4.1%, and its SUV sales went up by 5.0% on a YoY basis.

On June 25, Credit Suisse initiated coverage on Chipotle Mexican Grill with an “outperform” rating and a target price of $870—a return potential of 20.1% from its stock price of $724.13 on June 24.

172.31.38.64