Hints and tips:
...The Explora I is just the latest “floating hotel” in the fast-growing luxury market — with hotel companies themselves eager to get involved alongside cruise operators such as Scenic, Silversea and Seabourn...
...Which means the supercars have begun to cruise through Knightsbridge once again. They roll past Harrods, growl down Sloane Street and lounge on double-yellow lines, engines on....
...Paul Meyer, chief executive of The Commons Project, said he was also in discussions with cruise lines, shipping companies and hotel chains about how they might use health passes in their businesses....
...joint venture BrahMos, which makes a supersonic cruise missile....
...This will come from Delta Air Lines, which has a 49 per cent stake in the airline, as well as Virgin Group — the majority shareholder with a 51 per cent holding....
...Josh Leibowitz, chief executive of the luxury cruise line Seabourn, describes the atmosphere as being “like a start-up”. “We’re talking about restarting a whole business,” he says....
...Over the coming months, PIF would acquire a $500m stake in concert promoter Live Nation, a stake in beleaguered cruise line operator Carnival, and secure deals to bring heavyweight boxing matches and Formula...
...Josh Leibowitz, president of Seabourn, Carnival’s ultra-luxury cruise line, said: “All day long the ship is being looked after, polished, cleaned; there’s obviously not as much wear and tear without guests...
...Virgin Atlantic already flies to Miami and Las Vegas, and Branson’s group was investing in a new Miami-based cruise line and a series of hotels across the US....
...The companies were hoping that the cruise line industry’s crash of iceberg-esque proportions would be an argument to convince regulators that they should let them merge....
...News round-up Office Depot rejects $2.1bn takeover bid from rival Staples (FT) Outgoing US trade chief says leading WTO candidate lacks experience (FT) Microsoft invests in $30bn driverless car company Cruise...
...In 2018, Honda invested $750m in Cruise, GM’s autonomous vehicle subsidiary, pledging to increase the stake to $2bn over 12 years. Cruise unveiled its first vehicle, the Origin, in January....
...Drop us a line Due.Diligence@ft.com. Thanks for reading! 1....
...Sir Richard’s nascent cruise ship and hotel ventures in the US have been hit....
...Bondholders could be left with private islands and cruise ships When Norwegian Cruise Lines needed to borrow money from junk bond investors to help it stay afloat, it offered up an island in the Bahamas...
...In the midst of a global pandemic, anyone who owns a business in the aviation, hospitality or cruise ship industry is fighting for survival....
...Smart reads Don’t stop the party Carnival executives knew they had a coronavirus outbreak in one of their cruise ships in February....
...Key reports Monday Occidental Petroleum Corp; Royal Caribbean Cruises Ltd Tuesday Home Depot; HSBC; Intuit; Occidental Petroleum; InterContinental Hotels Wednesday Booking; Lowe’s Companies; Royal...
...Delta Air Lines owns the minority stake. Virgin Atlantic’s management is on Monday starting three days of presentations to a dozen private investors who have expressed interest....
...The Public Investment Fund, which is controlled by Prince Mohammed, has been snapping up stakes in everything from troubled cruise operator Carnival to the US-based entertainment company Live Nation....
...But the pandemic has done much more than just increase the pressure on his airlines, while also putting the tin lid on some of his other leisure ventures (such as the new Virgin Cruises)....
...In recent weeks the PIF has snapped up stakes in beleaguered cruise line operator Carnival and European oil companies including Royal Dutch Shell and Total, whose shares have been hit by the collapse in...
...“Our airlines have had to ground almost all their planes; our cruise line has had to postpone its launch; our health clubs and hotels have had to close their doors and all bookings to our holiday company...
...line operator....
...Virgin Voyages is tapping a growing market: the Cruise Lines International Association projects 6 per cent growth for the industry in 2019, which would take it to 30m travellers, up from 17.8m a decade earlier...
International Edition