The cruise industry, once gripped by the tumultuous waves of the pandemic and uncertain future, is gearing up for a new period of stability. With projections indicating a calming phase in 2025, the industry’s landscape is transforming, aided by forward bookings and careful capacity management. Nevertheless, underlying economic factors could create ripples that challenge operators
In a significant and strategic maneuver within the hospitality industry, Hyatt Hotels Corporation is engaging in exclusive negotiations with Playa Hotels & Resorts. The discussions revolve around potential strategic alternatives, which include the possibility of acquiring a more substantial stake in Playa, a company in which Hyatt currently holds nearly 10% of the shares. This
As we approach 2025, there’s a palpable sense of optimism surrounding the luxury cruise industry, especially for brands aiming to make a significant mark in a competitive landscape. While the United States remains the focal point of opportunity, the economic indicators suggest a robust environment for growth. The buoyant demand for luxury cruises indicates that
The opening of Kimpton Las Mercedes marks a significant milestone for the Kimpton Hotel brand as it ventures into the Dominican Republic, particularly in its vibrant capital, Santo Domingo. This boutique hotel, constructed within a beautifully restored 16th-century edifice, epitomizes the seamless blend of contemporary design with the deep historical roots of its setting. With
The airline industry has always been subject to fluctuations and shifting circumstances, particularly when it comes to the volatile realm of oil prices. Airlines must delicately balance their operational costs against market realities to remain viable, and in recent years, these challenges have only intensified. To understand the current state of the aviation sector, we
The transformation of Macao from a gaming-centric economy to a multifaceted entertainment and sports destination is gaining momentum, signaling a significant shift in the region’s development strategy. With Las Vegas-style resorts and casinos dominating the skyline for decades, Macao’s diversification efforts are emerging as a crucial move amid changing market dynamics and increasing global competition.
The airline industry is on the cusp of a significant transformation as low-cost U.S. airlines strategize to carve out a more substantial presence in the expanding premium market. The traditional giants of air travel have commanded this space through their refined offerings and luxury amenities, prompting budget airlines to reevaluate their business models in response
Carnival Corp. concluded the fiscal year with impressive financial results, setting a new revenue benchmark of $25 billion. This figure marks a significant 16% growth compared to the previous year, where the company recorded $21.6 billion. The surge in revenue underscores the robust recovery trajectory of the cruise industry following the disruptions caused by the
On February 1, Auberge Resorts Collection will begin management of The Woodward, a charming lakeside hotel in the idyllic setting of Geneva, Switzerland. This move marks Auberge’s inaugural footprint in the Swiss hospitality scene, elevating its portfolio to include this elegant destination that has been part of the esteemed Oetker Collection. Nestled within a historical
Every year, the Champagne & Sparkling Wine World Championships assembles expert judges and connoisseurs to evaluate exceptional sparkling wines from around the globe. This prestigious competition, widely regarded as the most formidable and expansive of its kind, returned to the UK for its 11th edition. Among the eager participants, producers were held to rigorous blind
In a move that has stirred significant discontent within the cruise industry, Mexico announced a proposed tax of $42 for each cruise passenger entering the country. Initially set for implementation on January 1, this tax was postponed to July 1 following strong opposition from cruise operators. The intention behind this tax has been framed as
Sushi has transcended its origins to become a beloved staple in the American culinary landscape. The sushi restaurant industry in the United States saw its market size swell to a staggering $27.9 billion in 2022. Over the past decade, this figure has surged by an impressive 163%. This growth has not only transformed dining habits
A critical scenario is unfolding as the peak holiday travel season approaches in the United States. Lawmakers are currently in a deadlock over budget allocations, culminating in the rejection of a short-term funding bill favored by President-elect Donald Trump. With a government shutdown potentially looming as early as 12:01 a.m. ET on Saturday, the stakes
The year 2023 has marked a critical turning point for corporate leadership in the United States, with an unprecedented surge in chief executive officer (CEO) changes sweeping through public companies. According to a report by outplacement firm Challenger, Gray & Christmas, a staggering 327 CEO transitions have been recorded as of November, reflecting an 8.6%
In the bustling world of liquor brands, where mass production often trumps quality and authenticity, one name stands out for its unwavering commitment to Mexican heritage and craftsmanship: Clase Azul. Founded by Arturo Lomeli, this ultra-premium tequila brand has carved a niche for itself over the past thirty years, emphasizing a unique blend of tradition
As the holiday season approaches, concerns rise about a possible government shutdown that could disrupt air travel across the United States. TSA Administrator David Pekoske has issued a stark warning for travelers: if Congress fails to pass a budget by the deadline of midnight on December 21st, significant flight delays and longer security wait times
In a significant stride towards revolutionizing urban transportation, electric air taxi startup Archer Aviation has marked the completion of its state-of-the-art manufacturing facility, named Arc, located near Atlanta, Georgia. Spanning an impressive 400,000 square feet, the plant is primed to play a crucial role in the production of Archer’s innovative Midnight aircraft, designed for electric
Nestled in the heart of New Hampshire’s breathtaking White Mountains, the Omni Mount Washington Resort & Spa stands as a beacon of historical opulence and modern luxury. Originally designed by Joseph Stickney at the dawn of the 20th century, the hotel’s ambition to “bring the outside in” remains palpable in its architecture and atmosphere. With