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Search resuls for: "downtowns"


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☆ Travelers say hotel resort fees have gotten completely out of control. Now Biden wants to get rid of them.
  + stars: | 2023-02-23 | by ( John L. Dorman | ) www.businessinsider.com   time to read: +8 min
Resort fees are a top frustration for travelers, who are dismayed by the added costs to hotel rates. President Biden in his recent State of the Union address called on lawmakers to bar resort fees. How resort fees began to spreadResort fees aren't a totally new phenomenon. As the resort fees migrated to other properties, they took on other names, like "amenity fees" or "facility fees." President Biden spoke out against resort fees during his State of the Union address earlier this month.
☆ Cheers! Spirits like gin, vodka, overtake beer's U.S. market share
  + stars: | 2023-02-09 | by ( Jessica Dinapoli | Thomson Reuters | New York-Based Reporter Covering U.S. Consumer Products Spanning Paper Towels To Packaged Food | ) www.reuters.com   time to read: +2 min
Spirits like whiskey, cognac and tequila, a celebrity favorite, have surpassed beer's U.S. market share for the first time due to price hikes and high-end cocktail trends, according to the Distilled Spirits Council of the United States. U.S. sales for spirits totaled $37.58 billion last year, while beers like Anheuser-Busch inbev SA's (ABI.BR) Bud Lite tallied $37.46 billion, according to data compiled by the Distilled Spirits Council. Spirits' market share was 42.1%, while beer's was 41.9%, according to the data. Tequila and ready-to-drink canned cocktails including Constellation Brands Inc's (STZ.N) Fresca vodka spritz were among the fastest-growing types of spirits, the Distilled Spirits Council said. "The 'premiumization' trend, where people look at distilled spirits as an affordable luxury, is affirmed by these numbers," said Chris Swonger, CEO of the Distilled Spirits Council.
☆ Many office buildings are 'obsolete' and need to be converted or die, CEOs of some of real estate's biggest players told world leaders
  + stars: | 2023-01-18 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +4 min
It's time to face a harsher reality, real estate executives told financial and world leaders at the World Economic Forum's annual meeting in Davos, Switzerland, on Wednesday. The results of flexible work programs have hit the values of older office buildings in cities across the world as office tenants downsize. Sajwani, Palladitcheff, Ulbrich and Cantor Fitzgerald CEO Howard Lutnick all agreed that many office buildings will need to be repurposed or torn down. It's those less attractive places that face multiple challenges of crime and homelessness where the value of office buildings will deteriorate "quite quickly." Office buildings "will become eyesores and they will need to be fixed," Lutnick said.
☆ Meet the guy whose algorithm could solve the crisis of America's empty office space
  + stars: | 2023-01-08 | by ( Zoe Rosenberg | ) www.businessinsider.com   time to read: +5 min
Converting offices into apartments brings people back to downtown areas as residents, not commuters. The algorithm is able to quickly assess which office buildings are viable for conversion to apartments, which are known in industry parlance as multifamily residential. "And then, actually, the demand for the remaining office buildings goes up, because you're creating scarcity by taking some out of the market." Most urban centers lack sufficient housing, but turning office buildings into apartments helps add additional units to rent or buy. About 28% of the area's office space is vacant.
☆ It's official: Remote work is going to make it easier to buy a home
  + stars: | 2023-01-04 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +12 min
Remote work pushed housing trends into warp speedIn some ways, the pandemic's housing shifts were a long time coming. The shift to remote work also hastened many people's desire for more space. Across the country, remote workers chose to part ways with roommates or seek out larger homes. Elon Musk asserted his authority at Twitter by putting an end to remote work. On the other hand, as my colleague Aki Ito previously argued, a recession could further ingrain remote work as employers look to cut spending on real estate.
☆ The Year in Pictures 2022
  + stars: | 2022-12-19 | by ( The New York Times | ) www.nytimes.com   time to read: +57 min
Every year, starting in early fall, photo editors at The New York Times begin sifting through the year’s work in an effort to pick out the most startling, most moving, most memorable pictures. But 2022 undoubtedly belongs to the war in Ukraine, a conflict now settling into a worryingly predictable rhythm. Erin Schaff/The New York Times “When you’re standing on the ground, you can’t visualize the scope of the destruction. Jim Huylebroek for The New York Times Kyiv, Ukraine, Feb. 25. We see the same images over and over, and it’s really hard to make anything different.” Kyiv, Ukraine, Feb 26.
☆ Here's what Charles Schwab's Liz Ann Sonders has to say about the economy, her favorite book, and investing in a recession
  + stars: | 2022-12-10 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +7 min
Today's newsletter features my conversation with Liz Ann Sonders of Charles Schwab, and why she thinks the economy's already in a recession. Charles SchwabLiz Ann Sonders is the chief investment strategist at Charles Schwab. Phil Rosen: Can you explain your "rolling recession" assessment of the US economy? Liz Ann Sonders: Typically when you go into a recession, everything's sort of hit all at once. Read the full interview with Liz Ann Sonders here.
☆ Remote Work Is Gutting Downtowns, Will Cost Cities $453 Billion
  + stars: | 2022-12-06 | by ( Emil Skandul | ) www.businessinsider.com   time to read: +13 min
Even 2 1/2 years later, most city downtowns aren't back to where they were prepandemic. Without more-robust policies to address failing downtowns, cities are going to start hurting. The increased cancellations of office leases have cratered the office real-estate market. Since 2016, only 112 commercial office spaces in the US have been converted, while 85 projects are underway or have been announced, according to CBRE's data. The birth of the central social districtTo avoid a commercial real-estate apocalypse, cities will need to streamline conversions.
☆ Burger King's owner just opened a delivery-focused food hall where customers can order from Popeyes, Firehouse Subs, and other chains. The company is one of many expanding the ghost kitchen model to r
  + stars: | 2022-11-08 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +13 min
Burger King's owner recently opened its first ghost kitchen, or digital food hall, in Miami. And recently, the parent of Burger King, Restaurant Brands International, opened its first ghost kitchen in Miami. Wonder is part ghost kitchen, part food delivery van, part meal-kit provider. These ghost kitchens on wheels, outfitted with cooking equipment and chefs, can be hailed through an app. The company, which ended its partnership with Miami-based Reef Technology this year, is not labeling the facility as a ghost kitchen.
☆ How getting dog food delivered to your door explains the inefficient, sometimes absurd, extremely convenient way online orders are shipped
  + stars: | 2022-10-19 | by ( Emma Cosgrove | ) www.businessinsider.com   time to read: +9 min
Industry analysts predict that the amount of dog food ordered online will surpass what's bought in stores by 2025, a shift accelerated drastically by the coronavirus pandemic. Of course, it's not just dog food increasingly being bought online. Even with all those extra vehicles, it's tough to compare the emissions generated by online orders with those of in-store shopping. The mess of overlapping networks that bring our dog food to our doorsteps is always evolving in search of greater efficiency. The mess of overlapping networks that bring our dog food to our doorsteps is always evolving in search of greater efficiency.
☆ Burger King's owner opened its first ghost kitchen in Miami. Meet 7 innovative ghost-kitchen startups expanding the multibillion-dollar segment beyond the models developed by CloudKitchens and Reef Te
  + stars: | 2022-06-27 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +13 min
Burger King's owner recently opened its first ghost kitchen, or digital food hall, in Miami. Meet 7 nontraditional ghost kitchen startups. And, recently, the parent of Burger King, Restaurant Brands International, opened its first ghost kitchen in Miami. These ghost kitchens on wheels, outfitted with cooking equipment and chefs, can be hailed through an app. The company, which ended its partnership with Miami-based Reef Technology this year, is not labeling the facility as a ghost kitchen.
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