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...“Spain is flourishing due to record tourism numbers and robust operational performance from the hotel operators,” said CBRE head of hotels for Europe Kenneth Hatton....
...“He didn’t know the big fortunes of France a few years ago and now he does,” said Niel....
...If TikTok is banned, it will dent Yass’s fortune, said Li Chengdong, head of internet think-tank Haitun....
...“In the short term this could be a bit challenging for hotels . . . but in the medium term it’s much better to have a flexible stock of Airbnb oversupply as opposed to permanent expansion of hotel room stock...
...This practice of “spending down” a fortune is rare, but not unprecedented among very wealthy individuals....
...It is a stretch to imagine that robotaxis can turn the company’s fortunes around this year. Musk presided over the company’s latest quarterly earnings call with a confusing message....
...Yass’s estimated $30bn fortune is now caught up in growing geopolitical tensions between China and the US as Congress pushes ahead to potentially ban the viral video platform, the FT reports....
...The result is that the fortunes of dollar stores have been determined by which particular stratum of low-income consumer they serve....
...I exited the station, to be confronted with a smart facade of the new hotel. More momentous were the words surmounting the hotel underpass: “North Station Tram Stop”....
...The flash composite purchasing managers’ index for the eurozone, tracked by policymakers as an early gauge of economic fortunes, rose to an 11-month high of 51.4 in April, up from 50.3 a month earlier....
Valuation of the companies surged during the pandemic as used-car prices soared, but have now taken different paths
...Hotel Chocolat’s acquisition last week by Mars handed a sweet payout of £280mn to the UK boutique chain’s founders. It also filled a hole in the family-owned US confectionery giant’s brand mix....
...Clarke ruled out changing Hotel Chocolat’s recipes. Hotel Chocolat last year announced the closure of its US stores after heavy losses and wrote off its investment in a Japanese joint venture....
...The sector’s resilience explains why Choice Hotels International is looking to check into rival Wyndham Hotels and Resorts....
...The big hotel openings of 2024....
...The Federal Reserve noted her tour had bolstered the economy through hotel bookings, with cities such as Chicago and Minneapolis breaking records for hotels rooms occupied during her visits....
...The stadium has transformed the club’s fortunes, increasing match day revenues and helping to draw in new partners such as global car racing series Formula One....
...Broderick has less fortune, playing a stuffed shirt, a stuffed ego and plain stuffy, and delivering them all stiffly — though act three does allow both actors to let loose with some broad physical comedy...
...Choice Hotels International has gone public with a nearly $10bn hostile bid for rival Wyndham Hotels and Resorts, after six months of takeover talks to create one of the biggest US budget hotel operators...
...The problems buyout groups are having with selling assets are leading to a divergence in fortunes when they try to raise new money from investors....
Fading flotation fortunes
...It plans to share its good fortune with investors by launching a $7bn share buyback programme. But there is another reason why Uber might want to repurchase its own shares....
...A luxury Scottish golf resort owned by Donald Trump’s family has made its first profit since the acquisition almost a decade ago, in a boost to the US presidential hopeful’s fortunes....
...Whether Jones can turn Bumble’s fortunes around depends in part on her plans for global expansion and bringing about “the next wave of innovation”....
...But the fall in coronavirus infections has meant a reversal in fortunes for these Covid-19 winners, with the shares sliding on sales uncertainty and questions surrounding their future growth....
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