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It's - 1 — - 1 Russia's - 1 I've - 1 Julia Simpson - 1 Thompson of Monaco - 1 it's - 1 Joshua Naftalis - 1
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Service - 1 Russia's - 1 Palm - 1 SuperYacht - 1 Thompson - 1 Pallas Partners - 1 SuperYacht Times - 1

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3 mentions found


☆ Insiders still have no idea what's going to happen to Russian oligarchs' seized superyachts
  + stars: | 2024-03-26 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +6 min
Many of their superyachts were seized or frozen, leading industry insiders to question their fate. The war prompted many governments to enact sanctions against Russia's richest, including seizing their superyachts worth hundreds of millions of dollars. At least a dozen superyachts — worth well over $1 billion combined — have been affected. Russia's sanctioned superyachts are hard to buy and sellThe first problem is that many of the yachts are "frozen" — not seized. "How does it look if you bought a Russian boat?"
Persons: It's, —, Russia's, I've, Julia Simpson, Thompson of Monaco, it's, Joshua Naftalis, Ralph Dazert, Alfa Nero, Eric Schmidt, Simpson Organizations: Service, Russia's, Palm, SuperYacht, Thompson, Pallas Partners, SuperYacht Times Locations: Russia, Ukraine, Russian, San Diego, Antigua, Barbuda, Maldives, Montenegro, Dubai
☆ Travel won’t fully recover this year — but it will get close
  + stars: | 2023-05-08 | by ( Monica Pitrelli | Morgan Awyong | ) www.cnbc.com   time to read: +3 min
The World Travel & Tourism Council says the global travel and tourism sector won't fully recover this year — but it will get close. The return of tourism jobsAnd this year, jobs in the travel and tourism sector will recover to 95% of 2019 levels, according to the report. In 2019, 334 million people worked in the travel sector — an all-time high, it said. By 2033, the WTTC forecasts the travel sector will employ some 430 million people around the world, representing nearly 12% of the global workforce. But "we can't expect that momentum to continue into 2023," according to a forecast published by the travel risk intelligence company Riskline.
☆ Inflation isn't dampening people's desire to travel — but travel companies may be missing a trick
  + stars: | 2023-03-11 | by ( Karen Gilchrist | Chris Dwyer | ) www.cnbc.com   time to read: +5 min
Inflation and higher living costs may be weighing on consumers' wallets, but there's one area where many are unwilling to cut back: their desire to travel. The number of people willing to fork out more on travel could be even higher, as costs rise. Inflation and higher living costs may be weighing on consumers' wallets, but many are unwilling to cut back on travel. Jackyenjoyphotography | Moment | Getty ImagesThe disconnect could mean travel companies might fail to provide consumers with the deals they're looking for. The United Nations World Tourism Organization said that it expects the global tourism market to recover 80% to 95% of pre-pandemic levels this year.
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