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☆ Planet Fitness shares fall as company announces new CEO, though analysts see upside
▼ + stars: | 2024-04-16 | by ( Brandon Gomez | ) www.cnbc.com time to read: +1 min

Planet Fitness announced Tuesday that Colleen Keating will take over as the fitness club's new CEO, effective June 10. Craig Benson, who has been serving as interim CEO since the departure of Chris Rondeau in September, will remain on the board of directors. The announcement comes after months of searching, and some analysts are calling it a positive for the stock, despite shares falling more than 3% following the announcement. Keating has 30 years of experience in large-scale operations and franchise management, as well as leadership in global consumer-facing operations across hospitality, real estate, operations and franchise management. She previously held leadership roles at InterContinental Hotels Group and Starwood Hotels & Resorts Worldwide Inc.

Persons: Colleen Keating, Craig Benson, Chris Rondeau, Piper Sandler, Korinne Wolfmeyer, Wolfmeyer, Keating Organizations: Fitness, New, FirstKey, InterContinental Hotels Group, Starwood Hotels, Resorts Worldwide Inc

☆ Trump vs. Biden: Goldman Sachs names the global stocks to play the U.S. elections
▼ + stars: | 2024-01-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the U.S. presidential election comes into the spotlight, Goldman Sachs has assessed the potential impact on global markets by changes in regulation, taxation, and other government policies. However, it sees U.S. subsidiaries of foreign companies potentially gaining if Trump delivers on a cut to corporation taxes. On average, European companies generate 25% of sales in the U.S., but most come from U.S.-based businesses rather than exports from the EU, according to Goldman Sachs. As these companies run substantial U.S. operations and assets, Goldman also sees them as benefiting from potential U.S. corporate tax cuts under Trump. However, they flagged that Biden has mentioned increasing the rate of corporate tax, "which would have an impact on US-exposed companies."

Persons: Goldman Sachs, Donald Trump, Trump, DAX, Sharon Bell, Joe Biden, Goldman, Biden, Michael Bloom Organizations: U.S, Ukraine, Trump, Eurostat, Stocks, Intercontinental Hotels Group, Boeing, Aero, BAE Systems, Kerry Group, Goldman, Republican Locations: United States, U.S, Europe

☆ Revenge travel is over — even in China, says CEO of InterContinental Hotels Group
▼ + stars: | 2023-10-24 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +3 min

In this article IHG-GBIHG Follow your favorite stocks CREATE FREE ACCOUNTPent-up travel demand — which drove global travel recovery following the Covid-19 pandemic — is over, said Intercontinental Hotels Group CEO Elie Maalouf. "So we're really past revenge travel — even in China." The company's latest quarterly update showed travel demand remained strong during the close of the summer travel season. Elie Maalouf CEO of Intercontinental Hotels GroupThe company currently operates more than 6,200 hotels worldwide and has another 1,978 in the pipeline. "In the United States, there are about 9,000 hotels that we think are interested in joining a system.

Persons: Elie Maalouf, Maalouf, We're, —, it's, IHG, Garner Organizations: Intercontinental Hotels, CNBC, Hotels, Resorts, Dubai —, Holiday Locations: China, Greater China, Beijing, Shanghai, Guangzhou, Shenzhen, Americas, Europe, Middle East, Africa, Asia, —, Spanish, Dubai, ., Southeast Asia, Central Asia, United States

☆ We're not moving our Middle East headquarters, says Intercontinental Hotels Group CEO
▼ + stars: | 2023-10-24 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're not moving our Middle East headquarters, says Intercontinental Hotels Group CEOIHG CEO Elie Maalouf disputes reports that the company is moving its regional headquarters to Saudi Arabia, telling CNBC's Monica Pitrelli the company is committed to stay in Dubai.

Persons: Elie Maalouf, CNBC's Monica Pitrelli Organizations: Hotels Locations: Saudi Arabia, Dubai

☆ Singapore’s clean reputation gets a timely test
▼ + stars: | 2023-07-18 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

SINGAPORE, July 18 (Reuters Breakingviews) - Singapore could turn a governance crisis into an opportunity. Its transport minister S. Iswaran and Ong Beng Seng, the property billionaire credited with bringing Formula One to the city, were arrested and released on bail last week. The rare high-profile probe involving a public official by the hub’s anti-graft agency is a timely test of the Asian centre’s willingness to act tough on corruption. It's been six days since Prime Minister Lee Hsien Loong revealed the investigation by the Corrupt Practices Investigation Bureau and the exact details remain unclear. S. Iswaran and businessman Ong Beng Seng were arrested on July 11 and subsequently released on bail, the Corrupt Practices Investigation Bureau said.

Persons: Ong Beng Seng, It's, Lee Hsien Loong, Iswaran, Ong, Una Galani, Thomas Shum Organizations: Reuters, Formula, Practices, Beijing, DBS, Hotel Properties, InterContinental Hotels Group, Marriott International, Thomson Locations: SINGAPORE, Singapore, Denmark, Finland, New Zealand, Norway, Asia, Hong Kong, COMO

☆ The Amex Centurion 'black' card has a $5,000 annual fee and a long list of luxury perks, but you can get many of the same benefits with the Amex Platinum
▼ + stars: | 2023-04-06 | by ( Anna Baluch | Angela Fung | Sarah Silbert | ) www.businessinsider.com time to read: +15 min

It makes premium credit cards like the Platinum Card ($695 annual fee) and the Amex Business Platinum Card ($695) look downright affordable. Benefits of the Amex Centurion black cardThe Amex Centurion card isn't just a status symbol; it has some great perks, including some unique benefits like complimentary Delta elite status that you won't find on other cards. The Platinum Card and Amex Business Platinum Card offer status with Hilton and Marriott**, but not with IHG and Relais & Châteaux. Unsurprisingly, there's no comparable benefit on the Platinum Card and Amex Business Platinum Card cards**. Once again, the Platinum Card and Amex Business Platinum Card also offer concierge services.

If you have one of the Chase IHG Rewards credit cards, you'll earn an extra 10 points per dollar with the IHG® Rewards Premier Credit Card and IHG® Rewards Premier Business Credit Card, or 5 points per dollar with the IHG® Rewards Traveler Credit Card. Other ways to redeem IHG pointsOpt for airline miles instead of IHG Rewards pointsIf you'd rather receive airline miles for your stays instead of IHG Rewards points, that's an option, though redemption rates vary by airline. Transfer IHG points to a friendThere's also an option to transfer IHG points to a friend or family member at a cost of $5 per 1,000 points, or buying them through IHG's website. Some of these redemptions are as low as 100 IHG points, so if you haven't had any activity in your account recently, this is a good way to keep your IHG points from expiring. Use IHG points to attend special eventsThrough IHG Auctions, you can redeem IHG points for concerts, sports, special events, or other experiences.

Maggie Tucker and her husband, both in their early 40s, retired on the same day. Tucker and Woods had a specific plan for how they would reach early retirement. Saving additional money in index funds and getting into real estate investing helped them meet their early retirement goals. Early retirement still held some surprisesWhile there have been relatively few disadvantages to retiring early, Tucker says that there are some — including a sense of ennui. And remember to celebrate: After retiring early, Tucker and Woods took their children on a six-week trip around Europe, visiting six countries in six weeks.

☆ What do Chinese travelers want? Luxury 'star-rated' hotels, says new survey
▼ + stars: | 2023-02-10 | by ( Evelyn Cheng | Chris Dwyer | ) www.cnbc.com time to read: +4 min

The research points to growing demand for high-end and luxury hotels in China now that the country has ended domestic travel restrictions — and a Covid wave has passed. watch nowThe report said that "37% of the consumers prefer higher star-rated hotels, up from 18% in 2020, with higher-income consumers showing even stronger appetites for luxury hotel stays (47% vs. 31% in 2020)." "The growing mid-/high-income population in China will fuel continued growth in demand for upscale hotels," the UBS report said. "At present, the number of upscale and luxury hotel guest room contribution and brand penetration rate in China are both lower than in North America." "China's hotel groups are still exploring the upscale hotel market, and we think acquisition of established overseas upscale brands may be their best option, and that founding joint ventures with real estate developers could provide property management resources for expansion into the upscale hotel market."

What are credit card and bank rewards points worth? One great feature of the program is that all points are equal, so any account that earns Membership Rewards points has access to transfer partners. If you're a Bank of America Preferred Rewards customer, you'll earn 25% to 75% more points, depending on how much you have on deposit, but your rewards points are still worth 1 cent apiece. You can transfer points from Chase Ultimate Rewards, Amex Membership Rewards, and Citi ThankYou to JetBlue, but the ratio varies depending on the rewards program. However, those miles expire after 36 months regardless of your account activity, so only transfer miles when you have immediate plans to redeem them.

[1/2] Chinese travellers wear face masks outside the border checkpoint with the neighbouring city of Zhuhai, during the coronavirus disease (COVID-19) pandemic in Macau, China, December 29, 2022. Over the three-day New Year's Day holiday, businesses and consumers caught their first glimpse of a return to post-pandemic life -- holiday-makers flocked to beaches, flight numbers ticked up, and hotels turned some guests away because they were fully booked. Flight numbers on the last working day ahead of the holiday only recovered 70% compared with pre-pandemic levels, however. Reuters Graphics Reuters GraphicsBOON FOR RESTAURANTSMany businesses have been forced to adapt how they reach customers over the course of the pandemic. As the Lunar New Year rolls in, Chinese officials also expect a significant uptick in activity.

☆ Cyberattack on InterContinental Hotels Disrupts Business at Franchisees
▼ + stars: | 2022-09-26 | by ( Catherine Stupp | ) www.wsj.com time to read: +4 min

A cyberattack on InterContinental Hotels Group PLC disrupted business at franchisees this month, leaving a trail of angry customers, lost income and a class-action lawsuit. Hotel owners complain they received one email from IHG executives explaining that the attack would shut down online reservation systems. We remain focused on supporting our hotels and owners and throughout this period have communicated regular updates to owners and hotel teams,” an IHG Hotels & Resorts spokesperson said. Hotel owners said they dealt with angry customers whose reservations were lost due to the cyberattack. IHG franchisees pay monthly fees to use the company’s reservation technology, the lawsuit says.

Using travel rewards points, it's possible to get your hotel stays for free. More Information 60,000 Bonus Points after you spend $5,000 on purchases in your first 3 months from account opening. Plus, you can transfer both Chase Ultimate Rewards and Amex Membership Rewards points to Marriott at a 1:1 ratio. Other ways I use credit card rewards for accommodationsAdmittedly, staying in properties affiliated with these major hotel programs leave out a lot of options, such as bed and breakfasts and independent hotels. Thankfully, there are two catch-all programs that allow me to use credit card rewards to stay just about anywhere.

What are credit card and bank rewards points worth? One great feature of the program is that all points are equal, so any account that earns Membership Rewards points has access to transfer partners. If you're a Bank of America Preferred Rewards customer, you'll earn 25% to 75% more points, depending on how much you have on deposit, but your rewards points are still worth 1 cent apiece. However, those miles expire after 36 months regardless of your account activity, so only transfer miles when you have immediate plans to redeem them. Non-elite members may transfer points to other members with the same address, provided both parties have been members for at least one year.

☆ IHG Premier vs Traveler: Which IHG credit card is best?
▼ + stars: | 2021-01-26 | by ( Jennifer Yellin | ) edition.cnn.com time to read: +13 min

The IHG Premier has one of the best returns you’ll find on any credit card for stays at IHG hotels, including Holiday Inns, and the IHG Traveler isn’t far behind. IHG credit card sign-up bonusesThe current sign-up bonus for the IHG Premier is 140,000 bonus points after spending $3,000 on the card within the first three months. IHG credit card benefitsBoth IHG credit cards come with the opportunity to earn IHG elite status, but the IHG Premier card has the upper hand by offering card holders complimentary Platinum status. Should you get the IHG Premier or IHG Traveler credit card? Thanks to all its benefits, we recommend the IHG Premier card over the IHG Traveler card.

Earn IHG points through your elite statusEarning elite status with IHG can lead to even more benefits if you're someone who travels frequently. Redeem IHG points for dream vacationsYou can use your IHG points to stay at some of the most luxurious hotels and resorts in the world, whether you're in search of a romantic getaway, family vacation, solo travel escape, or dream honeymoon. Transfer IHG points to a friendThere's also an option to transfer IHG points to a friend or family member at a cost of $5 per 1,000 points, or buying them through IHG's website. Some of these redemptions are as low as 100 IHG points, so if you haven't had any activity in your account recently, this is a good way to keep your IHG points from expiring. Use IHG points to attend special eventsWhile there don't seem to be any concerts, sports, or special events at the moment due to the pandemic, this was a great way to put IHG points toward unique experiences.

☆ Amex has an invite-only Centurion 'black' card with a $5,000 annual fee and several luxury perks, but you can get many of its benefits with the Amex Platinum
▼ + stars: | 2020-11-03 | by ( Anna Baluch | Freelance Writer | Read More | ) www.businessinsider.com time to read: +16 min

Apply and select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Benefits of the Amex Centurion black cardThe Amex Centurion card isn't just a status symbol; it has some great perks, including some unique benefits like complimentary Delta elite status that you won't find on other cards. The Platinum Card and Amex Business Platinum Card offer status with Hilton and Marriott**, but not with IHG and Relais & Châteaux. Unsurprisingly, there's no comparable benefit on the Platinum Card and Amex Business Platinum Card cards. Read more: Amex Platinum card reviewIf you're a business user, the Amex Business Platinum Card is worth a look.

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