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☆ Overwater bungalows started as a bottom-tier accommodation. Today, they're a status symbol in the luxury travel world.
▼ + stars: | 2024-04-17 | by ( Monica Humphries | ) www.businessinsider.com time to read: +9 min

Mimicking the style, they built three overwater bungalows to join the garden and pool bungalows that also filled the Raiatea property in 1967. Overwater bungalows in the lagoon of Bora Bora. But building an overwater bungalow in the Caribbean can be a hard task to accomplish, Danny Kalenov, the developer behind Six Senses Belize, an overwater bungalow resort that's set to open in 2026, told BI. In 2016, the Sandals Resort in Montego Bay, Jamaica, became the first overwater bungalow resort in the area. AdvertisementToday, Dream Overwater has cataloged nine Caribbean locations home to more than a dozen overwater bungalow resorts.

Persons: —, Vaihiria Kelley, — Jay Carlisle, Hugh Kelley, Donald McCallum —, Kelley, Jay Carlisle, Donald McCallum, Raiatea didn't, Ronan McLoughlin, Jason Toms, Toms, Lucy Rudgard, Scott Dunn, overwater, McLoughlin, Bora Bora, Matteo Colombo, Danny Kalenov, they've, Kalenov, It's, Vincent Organizations: Service, Life Magazine, Tourism, Bali Hai Boys, Audley Travel, Getty, Senses, Royalton Chic, Grenadines Locations: Tahiti, California, Moorea, Bali, Boys, Raiatea, Huahine, That's, Polynesia, Maldives, Bora, Bora Bora, French Polynesia, Caribbean, Senses Belize, Montego Bay, Jamaica, Royalton, Royalton Chic Antigua, St

☆ A revived luxury cruise line wants you to spend 4 ½ months at sea sailing to 27 countries for $84,000
▼ + stars: | 2024-03-07 | by ( Brittany Chang | ) www.businessinsider.com time to read: 1 min

On January 11, 2026, the cruise line says its Crystal Serenity will head west from California to Pacific Islands like Bora Bora. Crystal says its 2026 world cruise will stop at Dubai. Lu ShaoJi/Getty ImagesThen, it's off to New Zealand and Australia before hitting destinations like Hong Kong, Mumbai, and Bali, Indonesia.

Persons: Lu ShaoJi Locations: California, Pacific, Bora, Dubai, New Zealand, Australia, Hong Kong, Mumbai, Bali, Indonesia

☆ Gen Zers want you to know they are sick of extravagant influencer brand trips
▼ + stars: | 2024-03-06 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Gen Z is growing disinterested in the extravagant brand trips influencers are sent on. The generation that has grown up with social media says the lavish lifestyles of the internet's rich and famous no longer thrill them. Tarte brand trips are famed in the influencer worldFor years, brand trips have been a way to solidify a company's name among the young people who watch YouTube and scroll TikTok and Instagram. Varbanova said there are some young people — mostly millennials and DINKs — who still see over-the-top, out-of-touch brand trips as aspirational. If Gen Z's spending money is the goal, brand trips are missing the mark.

Persons: influencers, Katya Varbanova, Maureen Kelly, Tarte, Bora, Shein, Tahrea Sherman, Sherman, Phil Treagus, Evans, Influencers, Varbanova, It's, DINKs —, Rather, she'd Organizations: Service, YouTube, Walmart, Giraffe Social Media, BI Locations: Bora Bora, China

☆ Champagne. Caviar. Bora Bora. Are You Not Entertained?
▼ + stars: | 2024-03-05 | by ( Madison Malone Kircher | ) www.nytimes.com time to read: +1 min

A group of influencers are on a private jet to Bora Bora. They sip Veuve Clicquot, sample caviar and dance in their seats to Fergie’s “Glamorous.”Welcome to Trippin’ with Tarte, a promotional extravaganza sponsored by the beauty brand Tarte Cosmetics, a company known for regularly inviting social media influencers on lavish trips. For those not on the guest list, TikTok and Instagram have provided a front-row seat to the spectacle of influencers having a glorious time, and the Tarte excursions have become social media’s version of a hit reality TV series. The Fergie-underscored video, posted on TikTok by the online creator Abby Baffoe, has been viewed 1.3 million times since Friday. The reaction has been decidedly mixed, with some commenters expressing annoyance with the conspicuous consumption on display and suggesting that they may be suffering from influencer fatigue, a weariness with content that has become the stuff of social media cliché.

Persons: Fergie, Abby Baffoe Locations: Bora

☆ If you want a Wall Street job in 2024, JPMorgan could be your best bet
▼ + stars: | 2024-01-17 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Good news for anyone hoping to land a job on Wall Street: JPMorgan plans to expand its employee ranks this year. JPMorgan — which currently employs around 320,000 people — plans to double down on its core investment areas in retail, payments, and investment banking this year, Pinto said in the interview. JPMorgan's plans for expansion also come on the heels of the most profitable year in its history. Citigroup announced last week that it would be laying off around 20,000 workers over the coming three years as part of a corporate restructuring initiative internally known as "Project Bora Bora." Last year, major investment banks like Goldman Sachs and Morgan Stanley also made staff cuts.

Persons: Daniel Pinto, Pinto, Goldman Sachs, Morgan Stanley Organizations: Service, JPMorgan, Business, Bloomberg, Citigroup, Bora Bora Locations: Swiss, Davos

☆ Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
▼ + stars: | 2024-01-12 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank's results and stock price. About 20,000 employees will be let go over the "medium term," New York-based Citigroup said Friday in a slideshow tied to fourth-quarter earnings. While it wasn't immediately clear how long that is, the bank has previously used that term to denote a three- to five-year period. Citigroup CEO Jane Fraser announced a sweeping overhaul of the third-largest U.S. bank by assets in September. In November, CNBC reported that managers and consultants involved in the effort — known internally by the code name "Project Bora Bora" — discussed job cuts of 10% in several major businesses.

Persons: Jane Fraser, couldn't, — Organizations: Citigroup, U.S, CNBC Locations: New York

☆ Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
▼ + stars: | 2023-11-15 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" at the Economic Club of Washington in Washington, D.C., March 22, 2023. Citigroup will soon begin layoffs in CEO Jane Fraser's corporate overhaul, CNBC has learned. Those impacted will include chiefs of staff, managing directors and some lower-level employees, said the people. She announced five new divisions whose heads report directly to her, resulting in the departure of a handful of senior executives. Fraser is under pressure to improve Citigroup, which has been mired in a stock slump as headcount and expenses have ballooned in recent years.

Persons: Jane Fraser, David Rubenstein, Jane, Fraser, We've Organizations: Citigroup Inc, Economic, of Washington, Washington , D.C, Citigroup, CNBC, Employees, Workers, CNBC PRO Locations: Washington ,

☆ CNBC Daily Open: Markets extend winning streaks
▼ + stars: | 2023-11-07 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

(Photo by Roy Rochlin/Getty Images)This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The tech-heavy index rose for seven straight days, while the Dow and S&P 500 rose for six straight days for the first time since July and June, respectively. Now, CNBC Pro deep dives into which winning names investors should look at that could be poised to lead any rally in the coming week. These include stocks in the S&P 500 that are up 10% or more off of their 52-week lows and have gained 10% or more in the past month.

Persons: Roy Rochlin, Jane, OpenAI, Janet Yellen, Lifeng, Joe Biden, Xi Jinping Organizations: NEW, Trump, Federal, CNBC, Dow Jones, Dow, Bora, Microsoft, U.S . Treasury, Asia Pacific Economic Cooperation, APEC Locations: Downtown Manhattan, New York City, U.S, San Francisco

☆ CNBC Daily Open: Markets are on a hot streak
▼ + stars: | 2023-11-07 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China imports surpriseChina's imports unexpectedly rose in October from a year ago, but exports recorded a worse-than-expected drop. Data showed imports rose by 3% in U.S. dollar terms for the month, above a Reuters' forecast for a 4.8% drop. [PRO] Growth stocks that are set for bigger leapsHigher-for-longer interest rates are bad for growth stocks but, investor hopes were reignited after the U.S. Federal Reserve kept rates unchanged for the second consecutive meeting.

Persons: Jane, OpenAI Organizations: CNBC, Dow Jones, Dow, Reserve Bank of Australia, Bora, Microsoft, U.S . Federal Reserve, CNBC Pro Locations: U.S, Asia, South, China

☆ Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called 'Project Bora Bora'
▼ + stars: | 2023-11-06 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

Fraser is under mounting pressure to fix Citigroup, a global bank so difficult to manage that its challenges consumed three predecessors dating back to 2007. Stock Chart Icon Stock chart icon Citigroup's stock has been mired in a slump under CEO Jane Fraser. While competitors have been cutting jobs this year, Citigroup's staff levels remained at 240,000. That leaves Citigroup with the biggest workforce of any American bank except the larger and far more profitable JPMorgan. Executives will see cuts beyond 10% because of Fraser's push to eliminate regional managers, co-heads and others with overlapping responsibilities, they said.

Persons: Citigroup Jane Fraser, Alex Wong, Jane Fraser, Fraser, JPMorgan Chase, James Shanahan, Edward Jones, Mike Corbat, they'll, Mike Mayo, Titi Cole, Citigroup's, Cole, Wells, I'm, Dana Neibert Organizations: Citigroup, Financial Services, Rayburn House, JPMorgan, Citi, Bank of America, Boston Consulting, Bank, Getty, Operations Locations: Washington , DC, U.S, Wells Fargo, Tahiti, Polynesia

☆ Stocks making big moves premarket: Dish Network, Bluegreen, Albemarle and more
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Dish Network — Shares dropped 6.2% premarket after the company missed Wall Street's expectations on both revenue and earnings, driven by substantial losses in its pay-TV retail wireless subscribers. Dish lost 26 cents per share in the third quarter, while analysts expected earnings of 5 cents per share, according to LSEG, formerly Refinitiv. Nvidia — The semiconductor stock added 1.1% premarket Monday, lifted by Bank of America's optimism about Nvidia's quarterly earnings due Nov. 21. Affiliated Managers Group — Shares of the asset manager company gained 2.5% third quarter earnings and revenue topped analyst estimates. AMG posted revenue of $525.2 million, exceeding analysts' estimate of $509.4 million.

Persons: Tesla, RingCentral, Schuster, SATS, Jane, FactSet, — CNBC's Brian Evans, Jesse Pound, Michelle Fox Theobald, Scott Schnipper Organizations: Reuters, Hilton, Paramount, CBS, Bank of America, Dish, Citigroup —, CNBC, Citigroup, Bora Bora, Nvidia, Bank of, UBS, Dominion Energy, Barclays Locations: Berlin, China, Albemarle

☆ Citigroup considering at least 10% job cuts in major businesses - CNBC
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 6 (Reuters) - Citigroup's (C.N) managers and consultants working on CEO Jane Fraser's reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process. The bank has warned of job cuts as part of a sweeping overhaul it unveiled in September, but has said it will estimate the scale of layoffs and cost savings in the current quarter. Fraser's push to eliminate regional managers, co-heads and others with overlapping roles will translate into job cuts beyond 10% for executives, the report said. Since taking charge of the banking giant in 2021, Fraser has tried to improve profits, streamline the bank and fix regulatory problems.

Persons: Andrew Kelly, Jane Fraser's, Fraser, we've, We've, Niket, Jaiveer Singh Shekhawat, Tatiana Bautzer, Arun Koyyur Organizations: Citibank, New York Stock Exchange, REUTERS, CNBC, Boston Consulting Group, Citi, Boston Consulting, Thomson Locations: Manhattan , New York City, U.S, Bengaluru, New York

☆ 'They just come, take a nice selfie ... and leave.' Overtourism returns, but cities are fighting back
▼ + stars: | 2023-10-09 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +7 min

Many cities have come full circle to worrying about too many tourists rather than too few. "They just come, take a nice selfie, publish them on social media, increase the popularity of this place … and leave," she said. And an additional 50 million international tourist arrivals are expected per year — mostly from Asia — between now and 2030, according to the U.N.'s World Tourism Organization. James Matsumoto| Sopa Images | Lightrocket | Getty ImagesSome travelers supported Bhutan's $200 per day Sustainable Development Fee, which was announced in 2022. Managing 'tourist flow'The United Nations World Tourism Organization secretary-general, Zurab Pololikashvili, told CNBC Travel that the key to overcoming overtourism lies in "tourist flow."

Persons: Lionel Saul, Tatyana Tsukanova, What's, Tsukanova, Reinhard Hormandinger, Saul, Jesus Merida, It's, Luca Zanon, Ivan Saprov, Saprov, Miyajima, James Matsumoto, Zurab Pololikashvili, overtourism, Jon Hicks, —, Darrell Wade, Reinhard Hoermandinger Organizations: Hospitality Business, United Nations, Asia —, Tourism Organization, South, Afp, Getty, Guardian, daytrippers, CNBC, United Nations World Tourism Organization, CNBC Travel, Stone, Japan Times, Intrepid Travel Locations: Lausanne, Switzerland, Asia, South Korean, Machu Picchu, Peru, Acropolis, Athens, Borobudur, Indonesia, Sardinia, Venice, Bora Bora, Amsterdam, Spanish, Malaga, Spain, France, trialing, daytrippers . New, Valencia, Manchester, England, Thailand, Iceland, U.S, Bali, Germany, Yogyakarta, Labuan Bajo, Lake Toba, Austria

☆ I got tired of big cruise ships so splashed out on a small, 140-passenger cruise. Here's why it was worth the money.
▼ + stars: | 2023-06-13 | by ( Rebecca Deurlein | ) www.businessinsider.com time to read: +6 min

I was happy to avoid the massive cruise ships carrying thousands of passengers disembarking at the same time and being frog-marched to the same attractions. The entertainment on board is very pared back and simpleYou won't get Broadway-style entertainment on a small ship. I was tired of cruise food, but the gourmet small-ship options changed my mindThe food on board was a close-second favorite. It's worth the price if you can entertain yourselfMy takeaway is, if you don't need 100 activities on board, small-ship cruising is for you. Small ships don't entertain you all day long — you find and make your entertainment.

Persons: Rebecca Deurlein, Deurlein, Caroline, I'd, Calvin Dsouza, James Beard, Mount Otemanu Organizations: Windstar Cruises Locations: Tahiti, Polynesian, Bora, Bora Bora

☆ I'm a beauty influencer who's gone on several brand trips. It may look glamorous, but they can be loads of work and I've experienced inequality on the job.
▼ + stars: | 2023-05-13 | by ( Jordan Hart | ) www.businessinsider.com time to read: +7 min

I grew up watching YouTube beauty gurus go on brand trips, and now it's my job to do the same thing. I started creating beauty content for the free makeup, but I found a full-time career instead. So far, I've been to Florida, Turks and Caicos, and more on brand trips with beauty companies. While most believe the whole point of brand trips is to produce content, some companies invite us on trips with no strings attached. In your daily life it's easy to pace yourself, but there's pressure to optimize your time on brand trips.

☆ Being a digital nomad isn't just for singles. Here's how families make it work
▼ + stars: | 2023-03-01 | by ( Chris Dwyer | ) www.cnbc.com time to read: +6 min

To many, the lifestyle of a "digital nomad" is an aspirational one — you can live anywhere in the world, visa permitting, with your laptop as your office. But one factor deters many from the lifestyle: kids. He added that now more resources exist to help people learn about the digital nomad lifestyle, thanks to its growing popularity. Elledge-Penner family: 20 countriesThe beautiful Indonesian island of Bali, famed for its laidback lifestyle, is a popular destination for digital nomads. Penner said the key to making the lifestyle work for them is "connecting with people" and not approaching places "as a travel highlight hit list."

☆ She's visited 63 countries by herself — and now coaches others on how to travel solo
▼ + stars: | 2023-02-23 | by ( Lucy Handley | Chris Dwyer | ) www.cnbc.com time to read: +7 min

She's visited 63 countries alone, she said, and now coaches others on how to go solo. She said people enjoy solo travel because they don't need to take anyone else's interests into account. Group toursGroup tours are another popular option for solo travelers. It has added more single-occupancy cabins with no single supplement, which are extra fees that solo travelers are sometimes charged to stay in a room by themselves. Solo travel tipsHoffman offered advice for people who are traveling alone.

You can earn Marriott points from paid stays, co-branded credit cards, or flexible points transfers. How to earn Marriott pointsEarn points from Marriott Bonvoy hotel staysThere are plenty of different ways to earn Marriott points, but let's start with the simplest: earning points on hotel stays. Award can be used for one night (redemption level at or under 85,000 Marriott Bonvoy points) at hotels participating in Marriott Bonvoy®. Awards can be used for one night (redemption level at or under 35,000 Marriott Bonvoy® points) at hotels participating in Marriott Bonvoy®. 6X Marriott Bonvoy Points on purchases at hotels participating in Marriott Bonvoy4X Marriott Bonvoy Points on up to $15,000 in combined purchases per year at restaurants worldwide and at U.S. supermarkets2X Marriott Bonvoy Points on all other eligible purchases1,000 Marriott Bonvoy Bonus Points with each qualifying stayComplimentary Gold Elite statusA Free Night Award (redemption level at or under 50,000 Marriott Bonvoy Points) after making $15,000 in purchases per year.

☆ How to earn, redeem, and maximize Hilton Honors rewards points — from luxurious Conrad resorts to family-friendly Hampton Inns, there are options for every traveler
▼ + stars: | 2023-02-10 | by ( Carissa Rawson | Freelance Writer | Read More | ) www.businessinsider.com time to read: +44 min

How to earn Hilton rewards pointsHilton has two main categories of points: bonus points, which help you earn rewards via special promotions, and elite-qualifying base points. You can do so at the following ratios:HawaiianMiles : 1 HawaiianMile = 1.5 Hilton Honors points: 1 HawaiianMile = 1.5 Hilton Honors points Virgin Atlantic Flying Club: 1 Virgin Atlantic point = 1.5 Hilton Honors pointsEarn Hilton points through your elite statusJoining Hilton Honors can be especially lucrative if you're on the road often. Finally, Lyft and Hilton have teamed up to offer 3x Hilton Honors points on Lyft rides, or 2x Hilton points for shared Lyft rides. Redeem Hilton Honors points for event creditsIt's also possible to redeem your points for events at a Hilton, though this isn't generally considered a good way to maximize your Hilton points value. Here's how much the credits cost:25,000 points = $5050,000 points = $10075,000 points = $150125,000 points = $250250,000 points = $500Exchange Hilton points for airline milesIf you'd rather have airline or rail points, you have the option to transfer Hilton points to partner airlines, though redemption rates vary.

Earn 6x Hilton Honors Points on business purchases at U.S. gas stations, shipping providers, and wireless phone services purchased directly from service providers. Earn 6x Hilton Honors Points on select travel purchases at U.S. restaurants, flights, and car rentals. Earn 6x Hilton Honors Points on select travel purchases at U.S. restaurants, flights, and car rentals. Details Rewards Earn 12x Hilton Honors Points at Hilton per dollar for purchases made directly with hotels and resorts in the Hilton portfolio. Enjoy complimentary Hilton Honors Gold Status with your Hilton Honors Business Card.

☆ An upcoming cruise will sail around the world in 180 days for up to $300,000 — see what it'll be like
▼ + stars: | 2023-01-20 | by ( Brittany Chang | ) www.businessinsider.com time to read: 1 min

From the US mainland, the ship will sail through the Pacific Ocean with stops in Hawaii and French Polynesia on its way to New Zealand and Australia. A Viking Ocean ship in Bora Bora, French Polynesia. The cruise line's ocean cruise ships are all identical.

How to earn Chase Ultimate Rewards pointsThe only way to earn rewards in the Chase Ultimate Rewards ecosystem is by opening and using a Chase credit card that operates within this program. Pay Yourself Back with Chase points (up to 1.5 cents per point)During the pandemic, Chase introduced a compelling new way to redeem points for everyday, non-travel expenses. Redeem points for experiences (point values vary)You can also use Chase Ultimate Rewards points to book special experiences, including one-of-a-kind events hosted by Chase. Book hotels through the Chase Ultimate Rewards portalWhile the Chase Ultimate Rewards program partners with IHG Rewards, Marriott Bonvoy, and World of Hyatt, it's important to price shop awards before you transfer Chase points to these programs. For example, you may find that a Marriott stay that costs 50,000 points will only set you back 12,000 Chase points through the portal.

In the early 2010s, Mr. Mellow set out for still more distant shores, traveling to many famous surf breaks in the South Pacific. Mr. Abdul-Rashed and Mr. Danian traveled to Hawaii to connect with Mr. Mellow, their spiritual guide and Pacific expedition leader. Mr. Mellow posted an ad on Facebook and Craigslist offering $10,000 for passage to the South Pacific. Mr. Schmidt was in sync with the young seekers when it came to fear of Big Brother and vaccines, but dreading port officials brandishing nasal swabs struck even Mr. Schmidt as a little unhinged. When asked if he was at all responsible for what had happened to Mr. Danian and Mr. Abdul-Rashed, Mr. Mellow looked genuinely confused.

☆ The Chase Sapphire Reserve's 80K bonus is effectively a blank airline ticket — here's how to use it to get (almost) anywhere in the world
▼ + stars: | 2022-10-19 | by ( Joseph Hostetler | Credit Cards Reporter | Read More | ) www.businessinsider.com time to read: +13 min

By transferring Chase Ultimate Rewards® points to airline partners, you can fly just about anywhere on earth. Show more Regular APR 19.99% - 26.99% Variable Editor's Rating 4.65 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.65 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. By transferring 80,000 Chase points to Southwest, you can expect an average value of $1,120 in free flights. You can save quite a few Chase points if you're willing to pay a bit in taxes, however. Bottom lineThe 84,000 Chase points you'll have after opening the Chase Sapphire Reserve® and meeting its minimum spending requirement is basically a blank airline ticket to nearly anywhere on earth's surface.

☆ Mark Cuban says this was his worst 'Shark Tank' investment ever: 'Next thing you know, all of the money’s gone'
▼ + stars: | 2022-07-22 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Over more than a decade on ABC's "Shark Tank," billionaire Mark Cuban has seen his share of good investments — and bad ones. Last week, Cuban told the "Full Send" podcast that after investing nearly $20 million in 85 startups on "Shark Tank," he's taken a net loss across all of those deals combined. In 2013, an entrepreneur named Charles Michael Yim went on "Shark Tank" to pitch his product, the Breathometer, as "the world's first smartphone breathalyzer." Charles Michael Yim pitches the Breathometer on ABC's "Shark Tank" in 2013. "It was a great product," Cuban said last week.

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