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☆ Macao Government Tourism Office discusses its goal of welcoming 33 million visitors in 2024
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacao Government Tourism Office discusses its goal of welcoming 33 million visitors in 2024Cheng Wai Tong, deputy director of the Macao Government Tourism Office, says it has fulfilled its target for the first quarter and discusses the markets it's focused on.

Persons: Cheng Wai Tong Organizations: Email, Tourism Office, Macao Government Tourism Office Locations: Email Macao, Macao

Following Tuesday's trade, Jim Cramer's Charitable Trust will own 600 shares of WYNN, increasing its weighting in the portfolio to 1.85% from 1.5%. We're buying the dip in Wynn Resorts, which was trading lower by roughly 4% on Tuesday. Given the positive update about travel to Macao, a special administrative region of China, you would think Wynn shares would be trading higher on the session. However, softness has not shown up in the Macao travel and gross gaming revenue numbers. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, Wynn, WYNN, Wynn's, Jim Cramer, Jim Organizations: Wynn Resorts, WYNN, Macao Government Tourism Office, Super, Bowl, CNBC Locations: Macao, China, Vegas

☆ Soaring hotel prices, crackdown on illegal renting to hit Paris 2024 experience
▼ + stars: | 2023-11-20 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Nov 20 (Reuters) - Visitors heading to Paris for next year's Olympics face major accommodation problems amid soaring hotel prices and a crackdown on rentals of tourist apartments. A report by the Paris tourism office showed that hotel prices would rise by a whopping 314% between the 2023 and 2024 summers. The report also hit out at the Paris hotels for waiting too long to open their booking platforms for the July 26 - Aug. 11 Games. According to the Paris Tourism office, a hotel night in the Paris region was 169 euros in July 2023, and it is expected to soar up to 699 euros in July 2024. "At the London Games, the prices were too high and the occupation rate of hotels went 12% down.

Persons: Guy Degrenne, Stephane Mahe, Frederic Hocquard, Hocquard, Jacques Baudrier, Baudrier, Bruno Le Maire, Julien Pretot, Pritha Sarkar Organizations: Paris, Paralympic Games, ArcelorMittal, REUTERS, Rights, Reuters, Paris Tourism, London Games, French Finance, Thomson Locations: Vire, France, Paris, Nantes, Lille, Rennes

The man, whose name was redacted in the document, said he worked as a “political tracker” for America Rising. The police report links to two websites as potential employers, one at an America Rising corporation and one for an America Rising political action committee. The mansion on Mackinac Island is a summer residence for any Michigan governor in office. The governor's team would not confirm whether she was at the Mackinac Island residence on Aug. 26, citing security concerns. Her chief of staff said the August incident on Mackinac Island was considered “extremely serious,” in light of the previous criminal cases.

Persons: Gretchen Whitmer’s, ‘, It's, Whitmer, ”, ” Det, Aaron Sitko, Lori Dougovito, James Grady II, ” Whitmer, ” JoAnne Huls, “, Elissa Slotkin, Xavier Becerra, Slotkin Organizations: Michigan Gov, The Associated Press, America, America Rising, Michigan, Police, AP . State, Democratic U.S . Rep, Health Locations: LANSING, Mich, Michigan, Mackinac, ”, Brighton , Michigan

☆ Airbnb CEO urges Parisians to put homes up for rent for Olympics
▼ + stars: | 2023-09-26 | by ( Elizabeth Pineau | ) www.reuters.com time to read: +2 min

Paris' tourism office expects some 16 million people to visit the wider Paris region for the Olympics and Paralympics. If they put their (homes) on Airbnb and there is enough housing, prices will stay within reason," Chesky said. "If not enough people put their homes on Airbnb and people don't have enough ... hotels and they can't build more hotels, that's going to increase prices." "So while hotel prices are going up, I will make sure that Airbnb is more affordable than hotels for the equivalent amount of space when people are travelling for Paris for the Olympics. Reporting by Elizabeth Pineau; Writing by Ingrid Melander; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Emmanuel Dunand, Brian Chesky, Chesky, Elizabeth Pineau, Ingrid Melander, Alison Williams Organizations: Olympics, Rights, Reuters, Games, Thomson Locations: Paris, France, Airbnb

International travel reached around 90% of pre-pandemic levels this year, according to the International Air Transport Association. Those trends lifted quarterly earnings of travel companies, with cruise operators like Royal Caribbean (RCL.N) reporting record results in recent weeks. Ticket prices, which in some cases have increased by double-digit percentages since the pandemic, are unlikely to plummet. She expects air fares on long-haul international routes to remain high until supply outpaces pre-pandemic levels, demand normalizes and jet fuel prices decline further. International inbound vs outbound in the U.S this yearAverage domestic airfare is currently $246 round-trip, down 8% from 2022, according to travel booking app Hopper.

Persons: Dan McKone, Amadeus, Jozsef Varadi, Hayley Berg, Hopper, that's, Glenn Fogel, Kathleen Oberg, Joanna Plucinska, Rajesh Kumar Singh, Doyinsola, David Gaffen, Matthew Lewis Organizations: International Air Transport Association, Consulting, Royal, Booking Holdings, Marriott, Lufthansa LHAG.DE, United Airlines, Wizz, Reuters, Holdings, International, U.S . National Travel, Tourism Office, British Airways, IAG, Thomson Locations: CHICAGO, Southern Europe, Britain, France, United States, Germany, Singapore, Royal Caribbean, Manila, Hong Kong, Taipei, Tokyo, Europe, Asia, COVID, U.S, Canada, London, Chicago, New York, Bengaluru

☆ Club meeting recap: Tech leads Wall Street higher post-Yellen drop; shares in Pioneer, Wynn jump
▼ + stars: | 2023-03-23 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Macau data helps Wynn Wynn Resorts (WYNN) shares rose more than 2% Thursday, following a positive travel update from the Macao Government Tourism Office. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Club holdings Apple (AAPL) Ford Motor (F) and Estee Lauder (EL) were in the news Thursday. Apple has primarily released its content directly on Apple TV+, with some projects getting limited runs in a handful of cinemas. The Club's take: We welcome Apple making smart, strategic investments that make Apple TV+ a more valuable streaming service to potential subscribers. Estee Lauder EL YTD mountain Estee Lauder stock performance year-to-date. The news: Citi outlined its bull and bear cases for Club holding Estee Lauder in a research note Thursday.

'REFUGE FOR WINTER' AND BEYONDVisitors and more permanent residents are also arriving from Germany, which was highly dependent on Russian gas before the Ukraine war and is anxious about possible winter energy shortages. Airlines will increase by 31% the number of seats available to the Canary Islands, the regional tourism office said. Airbnb, the short-term rentals firm, said searches for winter stays in southern Europe tripled between April and June. "Even before the energy crisis, we would have liked to be in Portugal because of the weather," the 28-year-old said. "But with the energy crisis, (being in Portugal) gives us more security because of the climate."

☆ Colorado homebuyers are gaining the upper hand in cities like Denver, where prices fell 10% since spring, but properties in ski towns are not getting any cheaper
▼ + stars: | 2022-11-11 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

Colorado ski towns are struggling with low housing inventory, which is keeping prices high. The numbers suggest that while the Denver housing market appears to have peaked in April, median sale prices are still up year-over-year. Other popular ski towns like Frisco, Dillon, and Aspen have also passed similar laws. Other popular ski towns like Glenwood Springs and Estes Park are having similar struggles, the report suggests. Meanwhile, the average price of single-family homes in Estes have increased by 14.8% since October 2021 while the price of condos have jumped by 11.8%.

☆ NASA says it will try to launch its massive moon rocket again in late September
▼ + stars: | 2022-09-13 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +6 min

The second launch attempt for NASA's Space Launch System rocket was delayed due to a liquid hydrogen leak. Joe Raedle/Getty ImagesHydrogen fuel woes interrupted the second launch attemptThe new launch dates come after the launch of the Space Launch System and its uncrewed Orion capsule was called off for a second time on Saturday, September 3. "Teams encountered a liquid hydrogen leak while loading the propellant into the core stage of the Space Launch System rocket," NASA said in a blog post. After attempts to troubleshoot were unsuccessful, Artemis' launch director called off the launch. Invited guests and NASA employees watch as NASA's Space Launch System (SLS) rocket rolls out of the Vehicle Assembly Building, on August 16, 2022.

☆ The Artemis I moon mission is set for liftoff Saturday. Watch live as NASA launches its new $50 billion mega-rocket.
▼ + stars: | 2022-09-02 | by ( Paola Rosa-Aquino | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

NASA's Space Launch System rocket is set to launch its first uncrewed mission to the moon on September 3. Watch the historic SLS rocket launch live, in the NASA broadcast below. "There's no guarantee that we're going to get off on Saturday, but we're gonna try," Mike Sarafin, Artemis mission manager, said during a news conference on Thursday, September 1. An illustration of the Space Launch System lifting off from the launchpad in Cape Canaveral, Florida. If the uncrewed Orion spaceship makes it around the moon and back without a hitch, the Artemis II mission will carry astronauts on a similar roundabout.

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