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...The survey underscores the broadly buoyant mood in the hospitality sector that has driven a return to dealmaking after the pandemic....
...TGI Fridays said the deal would create a “global hospitality brand” offering “operational and financial flexibility, increased scale and capital to deliver continued revenue”....
...But we did see one monster move, with the news that Formula One racing driver Lewis Hamilton has signed up with Ferrari from the 2025 season....
...The labour-intensive hospitality, transportation and retail sectors have been hit hardest, Allianz warned....
...But Accolade has been hit by the Covid-19 pandemic’s damaging impact on the hospitality sector, the introduction of punitive Chinese tariffs on Australian wine in 2020 and a switch by many consumers to more...
...“Not only should [it] help Spirit — it gives new confidence Boeing should have in Spirit,” said Scott Hamilton of aviation consultancy Leeham News....
...New layers of hospitality seating and luxury experiences cater to wealthier types of audiences....
...A version of this article was first published by Nikkei Asia on February 27. ©2024 Nikkei Inc. All rights reserved....
...If you were to pick one scene in Netflix’s vaunted docu-series Drive to Survive that summed up the state of Formula One in 2023, it would not be Max Verstappen dramatically pipping Lewis Hamilton to the...
...Boeing laid off thousands of workers during Covid, including final assembly workers, said Scott Hamilton of aviation consultancy Leeham News....
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...Hamilton Lane, an $820bn investment manager, has launched multiple tokenised funds....
...Hamilton Reiner, JPMorgan Asset Management’s head of US equity derivatives and lead manager of its JEPI ETF, contends that income generation has “always been an important part of people’s portfolios.”...
...Those considering a punt on Cipriani’s new €500mn club venture will hope the high-end Italian hospitality group performs better than New York-listed rival Soho House....
...Hamilton called his hiring “a first step”. “These problems were years in the making,” he said. “They’re going to take quite a while to sort out.”...
...Hospitality companies generally have been hit by previously pent-up “revenge” travel beginning to abate. Hertz has, however, also been hit by a specific strategic choice....
...The private sector is adding jobs largely in two areas: leisure/hospitality and private education/healthcare. These two have made up 75 per cent of private payroll gains over the past year....
...He has since invested in dozens of productions in the West End and Broadway, including School of Rock and Hamilton, and will open a production of The Picture of Dorian Gray next year at the Haymarket theatre...
...Freight rates have fallen as spending has shifted from ecommerce to hospitality. However, the CEO switch may also illustrate the difficulty some bosses have with letting go....
...Hospitality group Accor’s relaunch of the Orient Express brand has revived interest in the train, known from literature and movies, and has opened up new possibilities for Montblanc....
...Her report demonstrates the economic impact of the art trade — estimated to contribute nearly £1.6bn to the UK economy in taxes — and its ancillary expenditure in industries including insurance, hospitality...
...The combined companies are expected to benefit from tapping into Endeavor’s other businesses, which include sponsorship, ticketing and hospitality groups, as well as the WME talent agency....
...Five-star assets Raffles London, the lavish hotel once home to Winston Churchill’s office, underscores a new era of inflation-resistant super-luxury hospitality as foreign investors snap up trophy assets...
...With the right facilities, corporate hospitality clients would surely be queueing up to spend a small fortune on a box at Stamford Bridge for a season to entertain wealthy VIPs....
...New job openings were reported across all sectors of the economy from leisure and hospitality to healthcare and professional industries....
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