Demand for travel to the U.S. has weakened, and Expedia Group is feeling it. Two-thirds of the company’s business comes from the U.S., and inbound travel dropped 7% during the first quarter of the year, executives said on Thursday. Inbound bookings from Canada dropped 30%. And Europeans are choosing to visit Latin America instead. “U.S. demand […]
Justin Sullivan | Getty Images News | Getty Images Krispy Kreme stock plunged 24% on Thursday after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.” Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in the
Krispy Kreme stock plunges after doughnut chain pauses McDonald's rollout, pulls outlook Read More »
Jack Hidary, CEO of SandboxAQ Courtesy of SandboxAQ A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-rich, rattled by President Donald Trump’s tariffs, continued
The AI startup that stood out in an otherwise drab month for family office deals Read More »
Bill Gates arrives for a press conference to launch the Global Polio Eradication Initiative at the European Commission’s Berlaymont headquarters in Brussels on October 11, 2023. Simon Wohlfahrt | Afp | Getty Images Billionaire Bill Gates announced on Thursday that he will double his charitable giving to $200 billion over the next 20 years. In
Choice Hotels dialed back revenue expectations for the year, while highlighting strength in its economy and extended-stay properties. The hotel franchiser on Thursday projected that its revenue per available room (RevPAR) in the U.S. will range between a 1% decline and 1% growth, down from its previous forecast of 1-2% growth. While its mid-market properties
Budget Brands Lift Choice Hotels Despite Slowdown Fears Read More »
The second annual Skift Data + AI Summit on June 4 in New York City will bring together leading voices in travel, technology, data and beyond to explore how artificial intelligence is reshaping the industry. Here’s a complete look at the agenda and who’s taking the stage: Trend Watch: What’s Next Next in AI-Driven Travel
Full Agenda Overview for the Skift Data + AI Summit Next Month Read More »
Sphere Entertainment Co. has said it will soon roll out a new global development plan that focuses on smaller and cheaper venues so it can more easily expand. “We’re definitely talking worldwide about Sphere,” said Chairman and CEO James Dolan on Thursday’s Q1 earnings call. “But we do have another initiative that I think is
Sphere Entertainment's Future Venues: Smaller, Cheaper, Faster Read More »
InterContinental Hotels Group (IHG) reported mixed first-quarter results Thursday, with global room revenue up over 3% but signs of weakening demand in some key markets. U.S. bookings flattened in recent weeks while those in China fell for the second straight quarter. London bookings were flat year-over-year. Marriott and Hilton recently trimmed their forecasts, but IHG
IHG: U.S. ‘Broadly Flat’, China a Drag – But Keeps Profit Target Read More »
Restaurant Brands International on Thursday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales of Popeyes, Burger King and Tim Hortons declined. But the restaurant company is seeing sales turn around already. “As we come into [the second quarter], that momentum has improved meaningfully, so we’re seeing some better absolute results as we get
Nothing about Carl Hiaasen’s outward appearance suggests eccentricity. I’ve seen him described as having the air of “an amiable dentist” or “a pleasant jeweler” or “a patrician country lawyer.” He is soft-spoken, courteous, and plainly dressed. The mischief is mostly detectable in his eyes, which he’ll widen to express disbelief or judgment, or cast sideways
We’re All Living in a Carl Hiaasen Novel Read More »
