Travel Calendar

Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company’s economic output. That’s because earnings are very often less trustworthy than cash flow, since earnings are more open to manipulation based on dubious judgment calls.

Earnings’ unreliability is one of the reasons Foolish investors often flip straight past the income statement to check the cash flow statement. In general, by taking a close look at the cash moving in and out of the business, you can better understand whether the last batch of earnings brought money into the company, or merely disguised a cash gusher with a pretty headline.

Calling all cash flows

When you are trying to buy the market’s best stocks, it’s worth checking up on your companies’ free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That’s what we do with this series. Today, we’re checking in on Allegiant Travel, whose recent revenue and earnings are plotted below.

Source: SP Capital IQ. Data is current as of last fully reported fiscal quarter. Dollar values in millions. FCF = free cash flow. FY = fiscal year. TTM = trailing 12 months.

Over the past 12 months, Allegiant Travel generated $61.7 million cash while it booked net income of $51 million. That means it turned 8.3% of its revenue into FCF. That sounds OK.

All cash is not equal

Unfortunately, the cash flow statement isn’t immune from nonsense, either. That’s why it pays to take a close look at the components of cash flow from operations, to make sure that the cash flows are of high quality. What does that mean? To me, it means they need to be real and replicable in the upcoming quarters, rather than being offset by continual cash outflows that don’t appear on the income statement (such as major capital expenditures).

For instance, cash flow based on cash net income and adjustments for non-cash income-statement expenses (like depreciation) is generally favorable. An increase in cash flow based on stiffing your suppliers (by increasing accounts payable for the short term) or shortchanging Uncle Sam on taxes will come back to bite investors later. The same goes for decreasing accounts receivable; this is good to see, but it’s ordinary in recessionary times, and you can only increase collections so much. Finally, adding stock-based compensation expense back to cash flows is questionable when a company hands out a lot of equity to employees and uses cash in later periods to buy back those shares.

So how does the cash flow at Allegiant Travel look? Take a peek at the chart below, which flags questionable cash flow sources with a red bar.

Source: SP Capital IQ. Data is current as of last fully reported fiscal quarter. Dollar values in millions. TTM = trailing 12 months.

When I say “questionable cash flow sources,” I mean items such as changes in taxes payable, tax benefits from stock options, and asset sales, among others. That’s not to say that companies booking these as sources of cash flow are weak, or are engaging in any sort of wrongdoing, or that everything that comes up questionable in my graph is automatically bad news. But whenever a company is getting more than, say, 10% of its cash from operations from these dubious sources, investors ought to make sure to refer to the filings and dig in.

With questionable cash flows amounting to only 6.6% of operating cash flow, Allegiant Travel’s cash flows look clean. Within the questionable cash flow figure plotted in the TTM period above, stock-based compensation and related tax benefits provided the biggest boost, at 3% of cash flow from operations. Overall, the biggest drag on FCF came from capital expenditures, which consumed 58% of cash from operations.

A Foolish final thought

Most investors don’t keep tabs on their companies’ cash flow. I think that’s a mistake. If you take the time to read past the headlines and crack a filing now and then, you’re in a much better position to spot potential trouble early. Better yet, you’ll improve your odds of finding the underappreciated home-run stocks that provide the market’s best returns.

We can help you keep tabs on your companies with My Watchlist, our free, personalized stock tracking service.

• Add Allegiant Travel to My Watchlist.

Happening right now, the strongest solar storm since May 2005 may produce a display of the northern lights as far south as Illinois and Oregon. That’s good. On the down side, the storm’s radiation could also could affect navigation, electrical power systems and put astronauts, airline passengers and crews flying high and in high latitudes in danger.

The solar storm’s first wave of radiation reached Earth early Monday following a moderate solar flare 11 p.m. Sunday, crossing the 93 million mile distance between the star and our planet in about an hour. Sunday’s solar flare sent what scientists call a coronal-mass ejection (CME) in the direction of earth at 4 million miles an hour; fast even for this sort of event. The CMEs are giant clouds of energized particles – protons, electrons, and heavy atomic nuclei formed by the nuclear fission reactions that keep the sun shining explained the Christian Science Monitor.

The next wave hit this morning, and the effects are expected to last through the night. According to spaceweather.com, this storm is strong enough to interfere with radio communications along the poles, and to possibly cause some satellite computers to reboot. The storms caused by solar flares are measured on a scale of one to five. This storm is a three.

In response, airlines rerouted flights that normally cross the polar regions, like those going from New York City to Tokyo, because solar storms of this strength can make aircraft-to-ground communications more difficult, Rodney Viereck, a scientist at the prediction center told syracuse.com. The storm also could affect spacecraft systems, increase drag on satellites and disrupt their orientation. Satellite and radio navigation systems may experience problems.

Astronauts aboard the International Space Station have been advised to shield themselves in specific parts of the spacecraft to avoid a high dose of solar radiation.

NASA photo

In a significant Bay Area expansion, Allegiant Travel will add seven non-stop flights from Oakland airport, creating 60 new jobs in the East Bay city.

The low-cost air carrier said the seven new cities will be the Montana communities of Billings, Bozeman, Kalispell and Missoula; the Oregon destinations of Medford and Redmond; and Idaho Falls, Idaho.

At present, Allegiant provides non-stop service from Oakland to Eugene, Oregon; Phoenix-Mesa in Arizona; and Bellingham, Washington, which is a major U.S. gateway to Vancouver, British Columbia.

“We are delighted that Allegiant has decided to focus on Oakland International Airport as the best gateway to Bay Area tourism,” Oakland’s Mayor Jean Quan said. “These new jobs are a welcome way to start 2012.”

Once the new service begins on April 26 and April 27, Allegiant will be serving 10 cities out of Oakland. In 2009, the airline moved its Bay Area operations from San Francisco airport to the Oakland travel hub.

The inaugural fares will be as low as $29.99 each way, depending on the city. Allegiant launched its Phoenix-Mesa service with fares as low as $9.99.

Oakland will be the new base of operations for the airline. Allegiant expects to offer 25 to 50 weekly non-stop departures from Oakland once it begins serving 10 cities.

“The San Francisco Bay Area is a wonderful addition to our vacation destination offerings,” said Andrew Levy, president of Allegiant Travel. “Oakland

International Airport provides our customers convenient access to all the Bay Area has to offer.”

As part of the expansion, Allegiant will base two 166-passenger MD-80 aircraft to support the Oakland operation.

The new jobs in Oakland will include positions for flight attendants, pilots, mechanics and airport service personnel.

“We have already begun hiring,” said Jessica Wheeler, an Allegiant Travel spokeswoman.

Flight attendants, mechanics and ground crews are among the first kinds of jobs the airline hopes to fill. People who want to work for Allegiant should apply at the company’s web site and look for the careers section.

Local officials said the benefits to the East Bay economy will extend beyond the new hires.

“The economic impact to area tourism is estimated at $75 million to 100 million in the first year of operation,” said Pamela Calloway, president of the Port Commission.

Contact George Avalos at 925-977-8477. Follow him at twitter.com/george_avalos.

KQ Insurance Introduces New Web Page on Travel Medical Insurance

Santa Rosa, CA (PRWEB) January 24, 2012

This week, KQ Insurance Services introduced a new web page showcasing Travel Health Insurance on their site. The new product allows the online agency to offer emergency travel benefits to Americans and non-citizens who are traveling outside of their home country. The international line of business is underwritten and administered by HCC Medical Insurance Services, in association with Lloyd’s of London.

“In March 2011, we stumbled on short term health insurance through HCC. When we discovered how many consumers were benefiting from temporary insurance, we asked HCC about other insurance products they offered. We decided to give international travel health insurance a try because it complemented the other business lines we offer,” said Esmeralda Mercado.

Travel medical insurance provides protection for many situations not normally covered under a standard health policy. For example, it helps pay for a return trip home if the trip is interrupted by a covered incident, such as death of an immediate family member. Travel health insurance also extends coverage to non-medical emergencies, like incidental home country coverage. This benefit allows travelers who are away for an extended period to be able to return home for a visit before resuming their travel plans. This is especially helpful for non-U.S. citizens who are visiting family members in the United States. Travel insurance is also a good consideration for newlyweds on their honeymoon, couples celebrating a mile-stone event by traveling abroad, business people away on assignment, and people on missionary trips.

In the past, KQ Insurance Services has not aggressively pursued international travel health insurance leads, but they are now testing the waters, beginning with the launch of the new web page.

About KQ Insurance Services

Since 2005, KQ Insurance Services has ranked as one of the top online individual and group health insurance agencies. The company consists of benefits specialists who provide personalized insurance services to individuals and businesses needing assistance with enrollment, quotes, and health plan questions.

###

For the original version on PRWeb visit: www.prweb.com/releases/prweb2012/1/prweb9120073.htm

In a hopeful sign about the sluggish global economy, travel agents anticipate business bookings to increase by three to five percent in 2012, compared to a year ago, according to an annual business-travel trends survey.

“People are being smarter about the numbers of trips they are taking, but they not pulling back,” says David Holyoke, president of Travel Leaders Corporate, which released the survey Tuesday.

Holyoke adds that corporations are being more selective, utilizing different methods such as video conferencing but still “making that investment in business travel when it relates to growth.”

The survey also found that many American corporate travelers are purchasing more “front of the plane” — business or first class — seats in 2012.

According to the survey, almost 60 percent of the travel agents polled said that a 11 percent or more of their client bookings are in first or business class, almost double the percentage of respondents from last year.

In addition, the survey notes that electronic boarding passes are gaining in popularity among business travelers, who tend to be the early adopters among all travelers.

Of the 275 travel professionals surveyed, over 97 percent indicated that their business clients use a mobile device (e.g. iPhone, BlackBerry, etc.) to scan their boarding pass at airport security checkpoints.

“It’s definitely the convenience factor. Smart phones are really helping improve the travel experience ” says Holyoke. He adds that many airports now have a segmented desks for web only check-ins. “More technology is being used.”

The survey also shows that flights are now being booked much closer to actual travel time. practices, Seven days advance booming appears to be the norm, opposed to the” misnomer of 21 days in advance,” says Holyoke.

The survey by the Minnesota-based company was conducted Nov. 21 – Dec. 16, 2011, and is based on responses from travel industry professionals, with 50 percent or more of their portfolio consisting of business travel clients.

SAN FRANCISCO, CA, Jan 24, 2012 (MARKETWIRE via COMTEX) –
What’s in store for the year 2012 in travel? Tours.com’s
Travel-Intel newsletter offers a window on the year, not only in
travel trends, triumphs and travails but in the year’s top new travel
gadgets to go with as the year unfolds.

With the year off to a topsy-turvy start following the events at
Costa Cruises this month Travel-Intel has offered up its own view of
the top ten events and trends that will affect the way Americans
travel. Among them: Travel-Intel predicts 2012, not only to be the
year of the App, and the year Edge — as in jumping off the edge of
the grid, but also the year of the rant by a consumer public finally
finding its voice.

As for what electronic gear travelers will take with them when on
these adventures, Travel-Intel went to the 2012 Consumer Electronics
Show in Las Vegas to find out what’s new and next for those hitting
the road. If you’re thinking power-packing backpacks and chirping
chargers you are right on the button.

The new issue of Travel-Intel also looks at spa vacations and
presents a battery of reasons Americans need to recharge in a
purposeful way. It cites the Kurtz-Ahlers Associates collection of
spas around the world and its array of value-packed packages for
serious spa-goers who want to match their needs with the right spa
experience.

“We had fun with this issue of Travel-Intel because January 2012
seemed to be a launching point for so many things happening in the
world,” says Lark Ellen Gould, content director for Travel-Intel.
“You have major changes in airline promotion tactics that will affect
how people create their travel plans and how airlines manage their
approach to customer service. Our feature, New Rules, for instance,
clarifies these changes and lets consumers know what it means for
travelers. But the airline industry is not the only industry that
will be seeing changes this year. We look forward to reporting how
cruise line policies may change in response to the recent Costa
Cruise incident.”

Gould, a veteran travel journalist who has been covering the travel
industry for more than 20 years, brings her incisive perspective to
the publication and emails it on the 1st and 15th of each month to
more 103,000 travel agents in the U.S. and Canada, before posting the
travelzine on Tours.com and Sightseeing.com. Travel-Intel also
partners with CanadaScope and Britain Magazine for easy access to
added sources of information.

Tours.com is the Official Directory of Tours Vacations Worldwide.
Operating since 1995 with a deep and searchable database of tour and
vacation companies according to company, region and experience. It is
also a one-stop resource for visa information, important phone
numbers for travelers, regional experts, and travel agents certified
with in-depth knowledge in their chosen areas. For more information
visit
www.tours.com and
www.travel-intel.com .

        Press Contact:
        Maria Polk
        President  CEO
        Phone: 415-332-7916
        maria@tours.com

SOURCE: Tours.com

        mailto:maria@tours.com

Copyright 2012 Marketwire, Inc., All rights reserved.

BOSTON, Jan. 24, 2012 /PRNewswire via COMTEX/ –
If your New Year’s resolution includes more travel, yet you worry that you can’t travel alone, fear not. Latest data from leading travel company Grand Circle show that traveling solo has never been more popular or more satisfying, particularly for women.

As we all know, with advancing years, comes the likelihood of more serious and unexpected life changes – death of a loved one, divorce, and ill health of your regular travel companion – and that very often these challenges blind side us. Grand Circle understands this better than most having served more than 500,000 Americans travelers over 50 in the last 5 years alone. But this doesn’t mean that personal desires and life ambitions have to come to an end, too. “Absolutely not,” says travel expert and Grand Circle Vice Chair Harriet Lewis. ‘I’m in my early-sixties and in the last 12 months alone I traveled thousands of miles. My husband is not always available to come with me – and like most women, I sometimes prefer the company of other women, so I travel with my daughter and my girlfriends. I also like traveling on my own but in an environment in which I know I’ll meet travelers and be safe and have access.”

Harriet finds that traveling the world gives her enormous personal satisfaction, and believes that it makes her a better person. “Climbing Egypt’s Mount Sinai at night, so that I could see the sunrise at dawn, is a life changing experience I will never forget. The Middle East was an area of the world I had explored before, but not in such depth, and experiencing the people, cultures and places of Syria, Jordan, Israel, and most recently, the Sudan–all of which are in the midst of great change has shifted my world view. Travel changes us. It makes us more curious, more thoughtful, more tuned in to our world.” Harriet advises other women who are considering traveling solo to ask themselves the following questions as part of their preparation:

What do I want to gain from my travel experience: Adventure? Culture? Relaxation? Inspiration?

Which destination, countries or regions interest me most? Make a list and put them in order–develop your travel “bucket list.”

Do I want to travel with like-minded people – friends, family, or other vacationers -or go it alone?

If I’m with a group, and all begin as strangers, who will I eat my meals with? Does my tour operator help facilitate these situations? Will the guides help me meet people? Will the group be small enough so that I matter or is it so large that I get lost in the crowd?

Will I have chance to explore and ‘go off the beaten track’ on my own or must I stay with my group the whole time? Will I have knowledgeable local guides at my destination, and will they help pursue my individual interests?

How can I get the best value for my money? Does my tour operator waive the single supplement fee?

How else can I save money? Does my tour operator match singles as roommates or help us to arrange these ourselves? What else is offered to me if I’m traveling solo?

Harriet says that women who take the time to ask themselves these key questions will ultimately have a much more fulfilling experience. “Travel is the best way I know to enhance your life. I really believe that what Mary Anne Radmacher said about travel is true for women: ‘I am not the same having seen the moon shine on the other side of the world.’”

Note to editors: Your readers can call for a complimentary copy of Harriet Lewis’ latest book “101 Tips for Women Travelers”, 1-800-or visit
www.oattravel.com/tips .

Overseas Adventure Travel and Grand Circle Travel are part of Grand Circle Corporation, the leader in international travel, adventure and discovery for Americans aged 50 and older. Since its establishment in 1958, the company has served more than 2 million travelers by offering more than 75 escorted vacations, river cruises, and small group adventures by land and sea worldwide. Headquartered in Boston, Mass., Grand Circle has more than 35 offices worldwide. More than 70 per cent of the company’s travelers are women, while 96 per cent of those traveling as solos are women, too.

SOURCE Grand Circle Corporation

Copyright (C) 2012 PR Newswire. All rights reserved

If you haven’t been living under a rock for the past few weeks – you know that we’re smack in the middle of movie-awards season. 

Today the nominees for this year’s Academy Awards were announced, and last week the Golden Globes were handed out. So with that said, we thought this would be the perfect time to take a look at some award-wining movies that inspire us to travel. 

First up on the list: ‘The Descendants’ starring George Clooney. “I remember watching the trailer for ‘The Descendants’ and thinking, this is such a wonderful commercial for Hawaii,” Jason Clampet, senior online editor for Frommers, told FoxNews.com. “It goes a little beyond the beaten path and shows us the sites that locals know about.”

One of those sites in the movie is a 25,000-acre land trust on Kauai that Clooney’s character, Matt King, is overseeing for his family. It’s a breathtaking piece of coastline – pristine and untouched. And honestly, if you haven’t been to Hawaii, seeing this landscape on the big screen will make you want to go. 

By the way, the acting and directing in the movie is not half bad either. ‘The Descendants’ took home top honors at the Golden Globes and is now nominated for best picture, best actor (George Clooney) and best director (Alexander Payne) among other things. 

And while we’re on the subject of Alexander Payne, his 2004 Oscar-winning flick “Sideways” not only flung Santa Barbara wine country into the spot light, but it had people turning up their noses at Merlot and guzzling down Pinot Noir instead. 

“This is a great example, and I think all of the tourism boards probably want Alexander Payne to come film his next movie in their area,” Clampet joked. “When ‘Sideways’ came out, I was in Japan at the time and they were having ‘Sideways’-themed dinners at restaurants in Tokyo, which is quiet a distance away from there. They were doing California cuisine and wine pairings based on things from the movie.” 

The movie had such an immediate effect on people that sales of Pinot Noir jumped by 16 percent nationwide and 34 percent in California in the first three months after the film was released. It’s not just about the wine either. People still travel to the Santa Ynez Valley – the region where “Sideways” was filmed – to check out the vineyards: the Hitching Post II Restaurant (a key filming location), and some visitors even request the same room where Miles (Paul Giamatti) and Jack (Thomas Haden Church) shacked up during their wine-fueled getaway. 

“The Central Coast got a real good shot in the arm from ‘Sideways,’” Jack Sparrow, a wine tasting consultant at Fess Parker Winery Vineyard in Los Olivos, told the Los Angeles Times in a 2009 article. “I think there were people who lived 50 miles away but didn’t know there was wine growing here.” 

Next up: Woody Allen’s ‘Midnight in Paris’ This Oscar-nominated romantic comedy starring Owen Wilson and Rachel McAdams will make you fall in love with the City of Lights over and over again. “This movie is stuffed with nostalgia,” Clampet said. “One of the great things about Paris during this time of the 20’s was that there was this explosion of culture and creative energy. Physically that still is there. It’s not as if it was torn down and a new skyscraper was put up in its place. You can still walk those same streets and some of the same restaurants are still open, and so it’s almost like stepping onto a film set when you go there.” 

Today, it may not be the same Paris of the bohemian 1920’s that Wilson’s character walks into each night at midnight, “but that’s one of the great things about Paris,” Clampet said. “That same culture and energy is really not going to go away. That’s why it’s such an inspiring place – whether it’s ‘Midnight in Paris’ or any one of a thousand other movies.” Clampet pointed out the same goes for Rome, which was the setting for the 1953 Audrey Hepburn film, “Roman Holiday,” which was nominated for 10 Academy Awards. In the end, the film took home three statues including one for Hepburn for best actress. 

Speaking of past films that really show off what a destination has to offer, ‘The Lord of the Rings’ Trilogy ranks right up there as one of the best examples. 

“I think looking back, ‘The Lord of the Rings’ trilogy really changed the face of tourism in New Zealand,” Clampet said. “The marketing campaigns based on those movies were such a huge game-changer.” 

The three movies, called a “nine-hour advertisement for New Zealand,” by some even inspired a travel phenomenon known as “Tolkien Tourism,” which had fans flocking to New Zealand to see Middle Earth for themselves. In recent years, tourism has slowed a bit, but the Kiwis are hopeful it will be booming again following the this year’s release of “The Hobbit: An Unexpected Journey,” the first part of Peter Jackson’s prequel to the Oscar-winning “Lord of the Rings” trilogy. 

“I think the big thing for travelers is that movies are very visual,” Clampet said. “They play with our emotions in a way and travel can be very similar. You want to feel certain things when you travel, you want to feel inspired and you want to escape and movies often offer that.” 

So the next time you’re planning a trip, look to your favorite flicks for a little guidance. It may just lead you on an adventure of a lifetime. “It’s almost like looking to a guidebook for expert advice,” Clampet said. 

“You see people in a movie doing something, and you want to do that as well. That’s what makes it so exciting.”

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Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company’s economic output. That’s because earnings are very often less trustworthy than cash flow, since earnings are more open to manipulation based on dubious judgment calls.

Earnings’ unreliability is one of the reasons Foolish investors often flip straight past the income statement to check the cash flow statement. In general, by taking a close look at the cash moving in and out of the business, you can better understand whether the last batch of earnings brought money into the company, or merely disguised a cash gusher with a pretty headline.

Calling all cash flows

When you are trying to buy the market’s best stocks, it’s worth checking up on your companies’ free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That’s what we do with this series. Today, we’re checking in on Allegiant Travel (NAS: ALGT) , whose recent revenue and earnings are plotted below.

Source: SP Capital IQ. Data is current as of last fully reported fiscal quarter. Dollar values in millions. FCF = free cash flow. FY = fiscal year. TTM = trailing 12 months.

Over the past 12 months, Allegiant Travel generated $61.7 million cash while it booked net income of $51 million. That means it turned 8.3% of its revenue into FCF. That sounds OK.

All cash is not equal
Unfortunately, the cash flow statement isn’t immune from nonsense, either. That’s why it pays to take a close look at the components of cash flow from operations, to make sure that the cash flows are of high quality. What does that mean? To me, it means they need to be real and replicable in the upcoming quarters, rather than being offset by continual cash outflows that don’t appear on the income statement (such as major capital expenditures).

For instance, cash flow based on cash net income and adjustments for non-cash income-statement expenses (like depreciation) is generally favorable. An increase in cash flow based on stiffing your suppliers (by increasing accounts payable for the short term) or shortchanging Uncle Sam on taxes will come back to bite investors later. The same goes for decreasing accounts receivable; this is good to see, but it’s ordinary in recessionary times, and you can only increase collections so much. Finally, adding stock-based compensation expense back to cash flows is questionable when a company hands out a lot of equity to employees and uses cash in later periods to buy back those shares.

So how does the cash flow at Allegiant Travel look? Take a peek at the chart below, which flags questionable cash flow sources with a red bar.

Source: SP Capital IQ. Data is current as of last fully reported fiscal quarter. Dollar values in millions. TTM = trailing 12 months.

When I say “questionable cash flow sources,” I mean items such as changes in taxes payable, tax benefits from stock options, and asset sales, among others. That’s not to say that companies booking these as sources of cash flow are weak, or are engaging in any sort of wrongdoing, or that everything that comes up questionable in my graph is automatically bad news. But whenever a company is getting more than, say, 10% of its cash from operations from these dubious sources, investors ought to make sure to refer to the filings and dig in.

With questionable cash flows amounting to only 6.6% of operating cash flow, Allegiant Travel’s cash flows look clean. Within the questionable cash flow figure plotted in the TTM period above, stock-based compensation and related tax benefits provided the biggest boost, at 3% of cash flow from operations. Overall, the biggest drag on FCF came from capital expenditures, which consumed 58% of cash from operations.

A Foolish final thought
Most investors don’t keep tabs on their companies’ cash flow. I think that’s a mistake. If you take the time to read past the headlines and crack a filing now and then, you’re in a much better position to spot potential trouble early. Better yet, you’ll improve your odds of finding the underappreciated home-run stocks that provide the market’s best returns.

We can help you keep tabs on your companies with My Watchlist, our free, personalized stock tracking service.

• Add Allegiant Travel to My Watchlist.

At the time this
article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Allegiant Travel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Steven Weinberg/Getty Images

According to Travel + Leisure magazine, tourists say New Yorkers are the rudest residents in the nation.