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Was it the Parisians who bluntly told travelers "do not come" to Paris during the Summer Games? London, Athens and Atlanta all saw a drop in summer visitors when they hosted the Summer Games, said Grant. Empty Airbnbs and unsold ticketsHotels, too, are feeling the pinch of Paris' summer slowdown, with occupancy rates expected to drop to 60% in early July, down some 10 points from 2023, according to Paris' tourism board. Airbnb also said "domestic interest" for stays during the Games has never been higher than in the weeks leading up to Paris Games. 'The Olympics is too broad'Last-minute travelers can still snag tickets to the Paris Games.
Persons: , John Grant, Grant, Rather, They've, OAG's John Grant, Jakub Porzycki, Airbnb Organizations: Olympic Games, France, Summer, Ryanair, Nurphoto, Olympic, Games, Notre Dame, CNBC, Paris Games, Paris, Financial Times Locations: Paris, London, Athens, Atlanta, Delta, Europe, North America, Oceania, Lille
Protests in Spain will spread if European officials fail to address mass tourism's negative effect on the lives of residents, UNESCO's Peter Debrine told "Squawk Box Asia" on Monday. He cited the banning of large cruise ships in Venice, Italy, in 2021 as an example. "Cruise ships are no longer going through the Grand Canal." Cruise ships now dock farther from Venice, which helps the structural and environmental integrity of the city. But travelers also play a role in curbing mass tourism, said Debrine.
Persons: UNESCO's Peter Debrine, Debrine, it's Organizations: Adriatic, Port Authority, Council, CNBC, Barcelona Locations: Spain, Venice, Italy, Barcelona, Debrine, Amsterdam
Airports have many bells and whistles these days. But most travelers would gladly trade them for flights that consistently arrive on time. The passenger rights company AirHelp ranked 239 airports in 69 countries, with an emphasis on the on-time performance of flights operating from May 2023 to April 2024. That measure accounted for 60% of each airport's total score, with on-time performance defined as flights that arrive within 15 minutes of their published arrival times. Passenger opinions of each airport, along with traveler ratings of its food and shops, accounted for the remaining 40% of the score, according to AirHelp's website.
Mass tourism troubles hit fever pitch in Barcelona on Saturday as protesters threw items and sprayed travelers with water guns and canned drinks, while shouting "tourists go home." In 2023, hotel occupancy rates neared 80% in July and August, as the city of 1.6 million people swelled to accommodate more than 4 million visitors, according to the Barcelona City Council. Paco Freire | Sopa Images | Lightrocket | Getty ImagesBut the delicate dance between locals and visitors had spiraled long before that. Two tourists on bicycles being stopped in front of a demonstration against mass tourism in Barcelona on July 6, 2024. Paco Freire | Sopa Images | Lightrocket | Getty Images
Persons: overtourism, Paco Freire, Jaume Collboni, Collboni Organizations: Barcelona City, Associated Press, Barcelona City Council, Barcelona Cruise Port, Getty Locations: Barcelona, Barceloneta, Spain, France
From recent graduates to wealthy professionals, many Brits are considering moving abroad these days. Over half of British workers (52%) have considered leaving the United Kingdom for better working opportunities abroad, according to the British human resources website Employer News. Others are in search of affordable housing and lower taxes, it said, citing research from London-based financial services company Prograd. But contemplating moving abroad, and actually doing it, are very different things, especially for parents, who must consider if the grass is greener abroad — with the whole family in mind. But the United States — often referred to as Britain's "cousin" — comes in dead last in the ranking of 28 countries, dragged down by high childcare costs and long work hours.
Persons: Williams Russell, Locations: United Kingdom, London, European Union, Portugal, Sweden, Italy, Spain, Finland, United States
With New York's congestion pricing plan indefinitely delayed, traffic into Manhattan this summer is set to be gridlocked as usual. But travelers staying in some of the city's top luxury hotels can avoid the highways altogether. Announced Tuesday, Marriott International Luxury Group is providing free helicopter transfers from John F. Kennedy International Airport and Newark Liberty International Airport from July 1 to Sept. 2. The transfers can reduce transportation time from the airports into Manhattan to as little as five minutes, the company said. The flights, operated by the urban air mobility company Blade, are available for guests staying at least two nights in one of the six Manhattan hotels:The St. Regis New York JW Marriott Essex House New York W New York - Union Square The New York EDITION The Ritz-Carlton New York, NoMad The Luxury Collection Hotel Manhattan MidtownHelicopter transfers land at one of two helipads in Manhattan: Blade Lounge East on East 34th Street or the newer Blade Lounge West on West 30th Street, where a car service waits to drive guests to their hotels.
Persons: John F Organizations: Marriott, Kennedy International Airport, Newark Liberty International Airport, Regis New, Regis New York JW Marriott, Regis New York JW Marriott Essex House, Union, The, Carlton New, Helicopter, East, West Locations: Manhattan, St, Regis, Regis New York, Regis New York JW Marriott Essex, York, Carlton New York
Japan's two largest commercial airlines are toughening their stances against travelers who verbally or physically abuse airline staff. Japan Airlines and All Nippon Airways updated their websites Friday with "customer harassment" policies, in the wake of rising instances of front-line worker abuse occurring across industries in Japan. "This has placed a significant burden on our employees, leading to cases where some have been forced to take leave," she said. Japan Airlines' policy also mandates airline staff to undergo harassment training — employees will be provided manuals detailing how to quickly and appropriately respond to "malicious" behavior. Both airlines' policies state that travelers who harass employers will be issued a warning, after which consequences can include denial of boarding and police involvement.
Persons: ANA's Yoshiko Miyashita Organizations: Japan Airlines, All Nippon Airways, CS, Nikkei Asia Locations: Japan
That's despite respondents from both countries taking the most vacation days — 27 days and 29 days, respectively — in the survey. However, only 53% of Japanese said they feel "vacation deprived" compared to 65% of Americans, it showed. Expedia's report indicates that feeling "vacation deprived" has less to do with the actual time off one takes, and more to do with cultural mores around work and free time. Wasted vacation daysDespite most workers indicating they feel vacation deprived, respondents from nearly every location admitted to letting some of their annual leave lapse. "In 2024, 15% of Hong Kongers plan on taking 31 vacation days, exceeding the average allotted 25.5 days," said Hudson.
Persons: That's, Christie Hudson, Hudson, Hong Kongers, Hong Kong, Hong, Japan aren't Organizations: Expedia Locations: Japan, United States, France, Germany, Hong, Hong Kong
Those are just some of what fans of Disney cruises can expect on board the upcoming Disney Adventure, according to details announced Tuesday by Disney Cruise Line. Like other Disney cruises, Disney Adventure will have characters on board, entertainment based on Disney songs and viewings of its most popular movies. Other Disney cruisesDisney Adventure joins Disney Cruise Line's fleet of five ships, alongside two others — the Disney Treasure and Disney Destiny — that are on the way, according to the release. The AquaDuck water coaster aboard a Disney cruise ship — the Disney Dream — in Nassau, Bahamas. Matt Stroshane | Disney Cruise Line | Getty Images
Persons: Pixar's, Sarah Fox, Matt Stroshane Organizations: Disney, Disney Cruise, Marina Bay Cruise, Pixar, Marvel, Asia, Disney Adventure, Disney Treasure, Getty Locations: Asia, Singapore, Marina, Moana, Caribbean, Europe, Alaska, Mexico, Canada, Hawaii, Pacific, Australia, New Zealand, Nassau, Bahamas
And yet, the brain does incredible things," said Matt Angle, CEO and founder of Paradromics, in an interview with CNBC Tech: The Edge. The trial would follow competitor Neuralink, which implanted a chip into a patient's brain in March this year. "Paradromics' mission is to transform otherwise untreatable health conditions in brain health into solvable technology problems. "Paradromics can take the science and apply the right engineering to get us from research to medical device," he added. "We see that the first million people to get brain computer interfaces are going to be getting them to treat severe medical conditions," Angle said.
Persons: Matt Angle, Elon Musk, Angle, Vikash Gilja, Gilja, we're Organizations: CNBC Tech, CNBC Locations: Austin , Texas
High up in the hills of Barcelona, brain science start-up Neuroelectrics is developing therapies that it says will improve the lives of people living with brain disease. Its main product is a headcap, which monitors the brain's electrical activity and stimulates regions of the brain with mild electrical currents. Co-founder and CEO Ana Maiques believes it will significantly improve the lives of people suffering with epilepsy. In addition to epilepsy, Maiques and her team are optimistic that the headgear can also be used to treat depression and Alzheimer's. So, when you have epilepsy, you have an electrical discharge in one area of your brain, so they can really target and help them," said Roser Sanchez-Todo, R&D director for Neuroelectrics' brain modelling department.
Persons: Ana Maiques, Maiques, Roser Sanchez, Neuroelectrics Organizations: CNBC Tech, U.S . Food, Drug Administration Locations: Barcelona
The next generation of the "Internet of Bodies," or IOB, could bring technological devices and the human body closer together than ever before. Academic and author Andrea M. Matwyshyn, who coined the term in 2016, describes it as "a network of human bodies whose integrity and functionality rely at least in part on the internet and related technologies, such as artificial intelligence." Smart glasses, which can function as cameras, headphones or monitors, are another example of early IOB devices. These devices completely merge with the body while maintaining a real-time connection to an external machine and the internet. "As bits and bodies meld and as human flesh becomes permanently entwined with hardware, software, and algorithms, IOB will test our norms and values as a society," she wrote.
Persons: Andrea M, Matwyshyn, Elon Musk's Organizations: Elon Musk's Neuralink, BCI Locations: Elon
Qatar Airways is 2024's "Airline of the Year," according to AirlineRatings.com. This year's list is again dominated by Middle Eastern and Asia-Pacific carriers, though Europe's Air France/KLM entered the ranking at No. The complete top 25 list of premium airlines for 2024, according to AirlineRatings.com, is as follows:1. American AirlinesIn an article announcing the ranking, AirlineRatings.com Editor-in-Chief Geoffrey Thomas said "Qatar Airways came out number one in many key areas although it was a very close scoring for the top ten." Qatar Airways also won the "Best Business Class" category for the fifth time in a row, while Singapore Airlines was named "Best First Class" and Air New Zealand for "Best Economy Class."
Persons: Geoffrey Thomas Organizations: Qatar Airways, Air New, Europe's Air France, KLM, Korean, Cathay Pacific Airways, Air New Zealand, Emirates, Air France, All Nippon Airways, Etihad Airways, Qantas, Virgin, Vietnam Airlines, Singapore Airlines, TAP, JAL, Alaska Airlines, Lufthansa, Turkish Airlines, IGA Group, British Airways, Air Canada, Delta Air, United Airlines, American Airlines, Flight Entertainment, Doha's Qatar Airways, Dubai's, Abu Dhabi's Etihad Airways Locations: Doha, Air New Zealand, Eastern, Asia, Pacific, Virgin Australia, TAP Portugal, Swiss, Iberia, Dubai's Emirates
In 2021, college athletes in the NCAA gained the opportunity to benefit financially from their name, image and likeness — known as NIL regulations. The NIL era has allowed college athletes to save for the future and seek professional financial advice in a way many 18- to 22-year-olds can't. NCAA athletes hire agents and financial advisors to help them negotiate NIL deals, ushering in new financial responsibilities. Copeland is the CEO of Athletes.org, an organization that focuses on helping college athletes navigate this new world. Morgan Stanley's head of Global Sports and Entertainment, Sandra Richards, and her team work with several NCAA athletes.
Persons: Caitlin Clark, Matthew Holst, Olivia Dunne, Chase Griffin, Griffin, Jayne Kamin, I've, He'll, Brandon Copeland, Copeland, Morgan Stanley's, Sandra Richards, Richards Organizations: Iowa Hawkeyes, Ohio State Buckeyes, Carver, Getty, NCAA, Louisiana State University, University of Iowa, UCLA, UCLA Bruins, Arizona Wildcats, Rose, CNBC, NFL, CNBC Global Financial Wellness, Global Sports, Entertainment Locations: Iowa City , Iowa, Pasadena , California
It recently unveiled what it calls Vitruvius, an AI program that helps consumers design custom homes online and get the plans, making the process cheaper and faster. Vitruvius can recall every design and possibility it's ever seen, according to Ballard. Though other AI models have gotten into hot water for potential copyright infringement, Ballard said he isn't concerned in this case. "I have no doubt that tools like this are going to change the way that we do things." Ballard said the implications of AI in architecture extend beyond just consumers looking to save on architecture fees.
Persons: Vitruvius, Jason Ballard, Ballard, It's, Leonardo Guzman, Gina McAndrews, I've, McAndrews Organizations: Southwest Locations: U.S, Ballard, Austin , Texas
Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022. KoBold Metals, a mining startup backed by billionaires including Bill Gates and Jeff Bezos, is bullish on the discovery potential of some of the most sought-after energy transition metals. It comes shortly after the Silicon Valley-based metals exploration company announced the rare discovery of a vast copper deposit in Zambia. The point of the company is to discover, find and develop mineral resources that we need for the energy transition," Goldman said via videoconference. KoBold Metals says it uses artificial intelligence to create a "treasure map" to help find new deposits of materials such as copper, lithium, cobalt and nickel.
Persons: Bill Gates, Jeff Bezos, Josh Goldman, Goldman Organizations: Mopani Copper Mines, KoBold Metals, CNBC, KoBold Locations: Mufulira, Zambia, videoconference
Goldman Sachs finds it is too early to call an end to a battery raw materials price plunge, warning that significant supply pipelines and Western electric vehicle headwinds could keep prices lower for longer. Goldman Sachs said the outlook appeared bearish for nickel, lithium and cobalt. On a 12-month basis, analysts at Goldman said the Wall Street bank is targeting a 12%, 15% and 25% downside in cobalt, nickel and lithium carbonate, respectively. Lithium prices are down nearly 70%, compared to the same period last year. Nickel prices on the London Metal Exchange (LME) were last trading at $17,945 per metric ton on Tuesday, while cobalt prices on the LME stood at $28,550 per metric ton.
Persons: Goldman Sachs, Nicholas Snowdon, Goldman Organizations: Western EV, London Metal Exchange Locations: China
The receiving dock at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Offshore carbon capture and storage (CCS) refers to a range of technologies that seek to capture carbon from high-emitting activities, transport it to a storage site and lock it away indefinitely under the seabed. Storage tanks at the Northern Lights carbon capture and storage project, controlled by Equinor ASA, Shell Plc and TotalEnergies SE, at Blomoyna, Norway, on Friday, Jan. 19, 2024. Bloomberg | Bloomberg | Getty ImagesNorway has a long history of carbon management. Bloomberg | Bloomberg | Getty Images"There is definitely a public acceptance risk to storing CO2 onshore.
Persons: Terje Aasland, Aasland, Norway's Aasland, Børre Jacobsen, , Jacobsen Organizations: Equinor ASA, Shell Plc, Bloomberg, Getty, Norway's Energy, CCS, Institute for Energy Economics, Workers, Northern Lights, Shell, Northern, Venture, CNBC, videoconference Locations: Blomoyna, Norway, Europe, videoconference, Brevik, Norwegian, Sleipner, U.S, Norway's, Longship
This screen grab taken from AFPTV shows tires on fire near the main prison of Port-au-Prince, Haiti, on March 3, 2024, after a breakout by several thousand inmates. A 72-hour state of emergency has been declared in Haiti after armed gangs stormed two of the country's largest prisons, reportedly allowing thousands of people to escape. A government statement said two prisons, one in the capital of Port-au-Prince and another in nearby Croix des Bouquets, were overrun by gang members over the weekend, according to multiple media reports. Nearly all the 4,000 inmates at Haiti's National Penitentiary in Port-au-Prince were thought to have escaped. Haitian lawyer Arnel Remy, head of the Collective of Lawyers for the Defense of Human Rights in Haiti, said in a Google-translated update on the X social media platform that a total of 3,597 prisoners escaped from the National Penitentiary.
Persons: Patrick Boisvert, Al, Ariel Henry, Arnel Remy Organizations: CNBC, Finance, Lawyers, Defense of Human Rights, National Penitentiary Locations: Port, Prince, Haiti, Croix des, Haiti's, Al Jazeera, Boisvert, Haitian, Kenya
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, on Jan. 18, 2024. Elon Musk is suing Microsoft -backed OpenAI and its CEO Sam Altman, among others, alleging they abandoned the company's founding mission to develop artificial intelligence "for the benefit of humanity broadly." "To this day, OpenAI, Inc.'s website continues to profess that its charter is to ensure that AGI benefits all of humanity.' In reality, however, OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft," the lawsuit filing said. Musk's lawyers said in the lawsuit that OpenAI's focus on maximizing profits for Microsoft breaks that agreement.
Persons: Sam Altman, Elon Musk, Altman, OpenAI, Greg Brockman, Musk Organizations: Economic, Microsoft, San Locations: Davos, Switzerland, San Francisco
Roberto Cingolani, chief executive officer of Leonardo SpA, during an interview in London, UK, on Tuesday, Jan. 23, 2024. The chief executive of Italian defense group Leonardo said Friday that he's more concerned about the "stupidity" of users of artificial intelligence rather than the threats posed by the technology itself. "With this in mind, artificial intelligence is a tool. It is an algorithm made by humans, that is run by computers made by humans, that controls machines made by humans. I am more afraid, more worried [about] national stupidity than artificial intelligence to be honest," he added.
Persons: Roberto Cingolani, Leonardo SpA, Leonardo, he's, António Guterres, Guterres, CNBC's Organizations: U.N, Economic, International Monetary Fund, D.C Locations: London, Davos, Switzerland, Washington
Soaring rents, rising inflation and student debt are among some of the reasons millennials have struggled to purchase their own homes or build up their savings. A gigantic wealth transfer over roughly the next decade will likely make millennials "the richest generation in history," according to a report from global real estate consultancy Knight Frank. In the U.S. alone, Knight Frank said the shift would see $90 trillion of assets move between generations, "making affluent millennials the richest generation in history." Soaring rents, rising inflation and student debt have contributed to millennials' struggles to purchase their own homes or build up their savings. Liam Bailey, global head of research at Knight Frank, said that the wealth transfer is taking place amid "seismic changes" in how the assets are put to use.
Persons: millennials, Knight Frank, , Liam Bailey, Bailey Organizations: Soaring
This photograph taken on February 27, 2024, shows the the Heidelberg Materials cement plant in Antoing, during a press visit. The cement plant intends to equip it's kiln with a carbon capture facility, which will enable the Antoing plant to achieve a net-zero carbon balance. Jim Skea, the head of the U.N.'s Intergovernmental Panel on Climate Change, warned on Tuesday that scaling up carbon capture still faces significant challenges. "CCS is much more like trying to push water uphill to get it into technological systems, it is more challenging." Skea's comments came during the first day of International Energy Week, formerly known as International Petroleum Week — a three-day global energy conference in London that convenes senior industry figures.
Persons: Jim Skea, Skea Organizations: International Energy, International Petroleum Locations: Heidelberg, Antoing, London
Bill Winters, Chief Executive Officer at the Standard Chartered Bank, attends a panel session of the World Governments Summit in Dubai on February 12, 2024. Ryan Lim | Afp | Getty ImagesStandard Chartered chief executive Bill Winters says environmentally conscious investing can be good for business, dismissing the impact of a U.S. crusade against mission-driven investments. In the United States, for example, Republican lawmakers have decried ESG as a form "woke capitalism" that seeks to prioritize liberal goals over investment returns. But one of the stats that I love is the biggest renewable power center in the United States is the state of Texas, right? Signage atop the Standard Chartered Plc headquarters building, center, in Hong Kong, China, on Monday, Feb. 19, 2024.
Persons: Bill Winters, Ryan Lim, ESG, Winters, CNBC's, Organizations: Standard Chartered Bank, World Governments, Afp, Getty, Standard, Democratic, Chartered Plc, Bloomberg Locations: Dubai, U.S, United States, Texas, Hong Kong, China
The first cruise ship, 'Norwegian Dawn' to arrive at Portland Port since the arrival of the Bibby Stockholm immigration barge, is seen docking, on July 26, 2023 in Portland, England. A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a potential cholera outbreak on board. The ship was on a 12-day itinerary from Cape Town, South Africa to Port Louis that started on Feb. 13. A spokesperson for the U.S.-headquartered Norwegian Cruise Line Holdings said Sunday that "a small number of guests experienced mild symptoms of a stomach-related illness" during Norwegian Dawn's South Africa voyage. Multiple media outlets reported the stomach illness on board the ship was suspected to be cholera.
Persons: Bibby, Port Louis Organizations: Portland Port, Sunday, Mauritius Ports Authority, U.S, Cruise Line Holdings, Norwegian Cruise Line Holdings Locations: Portland, Bibby Stockholm, England, Norwegian, Mauritius, Port, Cape Town , South Africa, Port Louis, South Africa
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