As Macao embarks on a transformative journey, shifting its economic foundation from gaming-centric activities to a diversified entertainment model, the implications of this strategy ripple throughout the region. Sands China, under the leadership of CEO Grant Chum, is at the forefront of this evolution, envisioning a future where Macao embraces its potential as a ‘city
The airline industry is a complex ecosystem influenced by a multitude of factors, from fluctuating oil prices to intricate geopolitical dynamics. As airlines grapple with these challenges, it is imperative to analyze market trends, competitive strategies, and consumer behavior to strategize effectively and sustain profitability. The current trajectory suggests a potential for evolution within the
On February 1, 2024, Auberge Resorts Collection will embark on a significant chapter by assuming management of The Woodward, a luxurious lakeside hotel located in Geneva, Switzerland. This strategic move marks the company’s entrance into the Swiss hospitality market, reflecting its ambitious expansion strategy across Europe. Formerly under the stewardship of the renowned Oetker Collection,
The Kimpton Las Mercedes has made its mark as the inaugural Kimpton property in the Dominican Republic, introducing a fresh perspective on boutique hospitality in the vibrant capital of Santo Domingo. Positioned within the depths of a city celebrated for its rich historical context, Kimpton’s foray into this market plays a pivotal role in blending
Hyatt Hotels Corporation is currently embroiled in exclusive discussions with Playa Hotels & Resorts, a leader in the all-inclusive resort sector. These negotiations are part of Hyatt’s exploration of potential strategic alternatives, which notably include the possibility of acquiring Playa. Currently, Hyatt holds a 9.99% stake in Playa’s shares, reflecting a vested interest in the
The travel and tourism industry is often seen as a bellwether for global economic health. In times of peace and stability, this sector tends to flourish, benefiting from consistent consumer confidence and high spending on leisure and business travel. However, the reality today is complex. While parts of the world continue to experience robust economic
In its recent fourth-quarter earnings call, Carnival Corporation showcased an impressive financial trajectory, setting records that underscore its recovery and growth post-pandemic. The cruise giant announced total revenue of $25 billion for the fiscal year, marking a significant 16% increase from last year’s figure of $21.6 billion. This notable surge in revenue reflects not only
As we look towards 2025, the luxury cruise market is poised for significant growth. Centered around the United States, the current economic landscape presents a favorable environment that is boosting demand for exquisite travel experiences at sea. With consumers increasingly drawn to novel travel options, particularly those resembling high-end hospitality experiences on land, the luxury
The cruise industry, having weathered significant upheaval due to the pandemic and a subsequent surge in demand, is on the brink of a transformative year in 2025. As the sector continues to adapt, new trends and underlying challenges are set to shape its trajectory. This article delves into the anticipated changes within the cruise industry,
Earlier this year, the picturesque UK was host to the renowned Champagne & Sparkling Wine World Championships, which celebrated its 11th iteration of the prestigious event. Dubbed the “largest and toughest sparkling wine competition globally,” the event drew an esteemed panel of experts and connoisseurs from across the wine industry for several days of rigorous
In a decision that has stirred significant controversy, Mexico is set to implement a $42 tax on cruise passengers starting July 1, following a recent postponement from its original January 1 launch date. This announcement has been met with uncertainty and concern from the cruise industry, particularly highlighted by remarks from Carnival Corp. CEO Josh
In recent years, sushi has captivated the taste buds of the American public, cementing itself as one of the most sought-after cuisines in the country. The data is impressive: as of 2022, the sushi restaurant market in the U.S. soared to a staggering $27.9 billion, reflecting a phenomenal 163% growth over the past decade. With
In an age marked by mass production and corporate conglomerates, staying true to one’s roots has become a rarity. This is particularly poignant in the luxurious world of premium spirits. Few brands exemplify this commitment to cultural authenticity as Clase Azul, a tequila brand that has carved a niche in the global market while remaining
As the year-end holiday travel season approaches, unsettling news arises from Washington, D.C. with a government shutdown impending due to a deadlock among lawmakers. The polarization has reached a point where a proposed short-term funding bill, endorsed by President-elect Donald Trump, was recently rejected. If an agreement is not reached by 12:01 a.m. ET on
The dynamic landscape of corporate leadership in the United States has experienced a notable upheaval in 2023, marked by a dramatic rise in CEO departures across multiple industries. According to data from outplacement firm Challenger, Gray & Christmas, the country has witnessed 327 chief executive changes from January to November. This statistic reflects the highest
As the holiday season approaches, Americans often look forward to travel and family reunions. However, looming over this joyful time is the potential for a government shutdown, a scenario that could significantly hinder the travel experience. Transportation Security Administration (TSA) Administrator David Pekoske recently sounded the alarm, indicating that if Congress fails to pass a
Nestled in the picturesque Bretton Woods region of New Hampshire, the Omni Mount Washington Resort stands as a monument to both historical elegance and modern luxury. Originally conceptualized in the early 20th century by Joseph Stickney, this iconic hotel was designed to harmonize with the stunning landscape of the White Mountains. Stickney’s vision was to
Archer Aviation, an innovative player in the electric air taxi market, has recently marked a significant milestone with the completion of its expansive 400,000-square-foot manufacturing plant located near Atlanta, Georgia. The facility, which has just received its certificate of occupancy, is crucial for the company as it gears up to begin production of its highly