The Webjet Limited (ASX: WEB) share price has surged into the green on Monday despite no news having been released by the online travel agency.
However, the travel sector is facing a barrage of exciting news that might be piquing the market's interest in Webjet.
At the time of writing, the Webjet share price is $6.49, 3.02% higher than its previous close.
For context, the S&P/ASX 200 Index (ASX: XJO) is currently down 0.23% while the All Ordinaries Index (ASX: XAO) has fallen 0.28%.
Let's take a look at the news that might be impacting Webjet's stock on Monday.
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What's driving the Webjet share price today?
The Webjet share price is soaring as the United States prepares to open its international borders, Sydney Airport (ASX: SYD) agrees to a longstanding takeover offer, and a plethora of travel shares surge higher.
The United States' international borders will reopen to vaccinated travellers from 12:01 am eastern standard time on Monday (3:01 pm AEST and 4:01 pm AEDT).
It will mark the first time non-essential travel will be allowed into the nation since its borders were slammed shut to stop the spread of COVID-19 in March 2020.
No doubt, some market watchers will be excited by the potential for a resurgence in holidays to the United States.
Meanwhile, in ASX-centric travel news, Sydney Airport has accepted a takeover bid posed to it by the Sydney Aviation Alliance. The alliance is made up of a consortium of infrastructure investors and super funds.
The accepted bid will see Sydney Airport shareholders handed $8.75 cash for every security they hold in the airport.
Like the Webjet share price, Sydney Airport's stock is in the green today. Right now, it is $8.45, 2.67% higher than its previous close.
As The Motley Fool reported this morning, the offer values Sydney Airport at nearly $32 billion.
The takeover is still subject to approval from the Foreign Investment Review Board and the Australian Competition and Consumer Commission. It will also need to pass a shareholder vote.
Perhaps unsurprisingly, the Webjet share price is not alone in its gains today.
Right now, the Flight Centre Travel Group Ltd (ASX: FLT) share price is up 5.01%, while Qantas Airways Limited (ASX: QAN) shares have gained 5.25%.
