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Wall Street is not pleased that Under Armour founder Kevin Plank is returning as its CEO. Following the announcement, both Williams Trading and Evercore ISI downgraded Under Armour and lowered their price targets. Linnartz, a former Marriott International executive who took the helm last February, is the second CEO the company has cycled through in less than two years. Since she started at Under Armour, Linnartz had been focused on rehauling the company's C-suite, building out its loyalty program, UA Rewards, and pivoting the brand's assortment to a more athleisure-focused offering that had more stylish options for women. "All of the twists and turns have created a brand that has become increasingly confusing to consumers and to wholesale partners," Saunders continued.
Persons: Kevin Plank, Stephanie Linnartz, Plank, Evercore, Patrik Frisk, Armour, Linnartz, Plank's, Michael Binetti, William Blair, Neil Saunders, Saunders Organizations: Wall, Williams, Armour, Marriott International, Aldo, UA Locations: Houston , Texas, Plank, America, North America
Kevin Plank, founder of Under Armour, during a CNBC interview on "Mad Money" on Feb. 28, 2018. Under Armour announced on Wednesday that CEO Stephanie Linnartz is stepping down from her role just over a year after she started, and founder Kevin Plank will return as the brand's chief executive. Linnartz took over as Under Armour's CEO in February 2023 after spending nearly 30 years at Marriott International, most recently as its president. Plank will remain a director on Under Armour's board but will hand over the chair position to Mohamed El-Erian, chief economic advisor at Allianz, Pimco's parent company. In a statement, Linnartz said she feels "honored" to have served as Under Armour's CEO.
Persons: Kevin Plank, Armour, Stephanie Linnartz, Linnartz, Plank, Mohamed El, Stephanie Organizations: CNBC, Marriott International, Allianz, Armour's
Wall Street was mostly upbeat about equities heading into 2023, though even the most bullish investment firms thought the S&P 500 would finish this year at 5,100 — a level it has exceeded already. Resisting this rally is a fool's errand, according to David Keller, the chief market strategist at StockCharts.com. The long-time chartmaster warned of a near-term pullback as the S&P 500 approached its previous record high but has since abandoned his cautious call. AdvertisementFast-forward to early March, and many of those mega-cap growth names remain hot, especially Nvidia and Meta. "I like that idea, at this point, of diversifying away from mega-cap growth," Keller said.
Persons: , David Keller, chartmaster, Keller, I'm, they've, StockCharts.com Organizations: Service, Business, Nasdaq, Nvidia, Meta, Microsoft, Apple, Companies, Hilton, Marriott, Restaurant Brands, Burger King ., Biotechnology Locations: Burger
Read previewI worked at a hotel chain that was always busy — during peak tourist season, we were sold out most nights. Companies like Marriott, Hilton, Choice Hotels, and IHG have thousands of hotels worldwide that you can earn points to redeem for free hotel rooms and gift cards at popular retailers. AdvertisementTrying to use someone else's credit cardYou need a credit card to check in, and it should ideally be your own. Monkey Business Images/ShutterstockHotels only allow you to use someone else's credit card if the card owner has provided the hotel with a credit-card-authorization form. AdvertisementShowing up without a credit card or IDHaving an ID is crucial for a smooth check-in process.
Persons: , you've, I've, That's, Marriott, Justin Sullivan, there's, I'm, John Smith's, John Smith, they've Organizations: Service, Business, Companies, Marriott, Hilton, Choice, Getty Locations: It's
You don't have to be a CEO, or even a manager, to be influential at the office. Getting your coworkers to listen to and support your ideas boils down to just three emotional intelligence techniques, says Stanford University lecturer and communication expert Matt Abrahams. The advice is timely, Abrahams adds: Hybrid and remote work mean most entry- and mid-level Gen Z and millennial employees get less face time with their bosses. "You really are forging your own way and need to get others to at least support, if not follow, the things you're trying to do." Find alliesWhenever you find yourself in a room of people who don't usually work with, you have an opportunity to form new relationships.
Persons: Stanford Graduate School of Business Matt Abrahams, Matt Abrahams, Abrahams, I'm Organizations: Stanford Graduate School of Business, New York Marriott Marquis Hotel, Stanford University, CNBC Locations: New York City
The new charges against the Menendezes appear related to information that was provided to the government by Mr. Uribe, who in court on Friday described meeting with Ms. Menendez at a Marriott Hotel after receiving a subpoena in the case. Mr. Uribe said in court that Ms. Menendez had wanted to get their stories straight about a Mercedes-Benz convertible he had given her as a bribe. “She asked what was I going to say if somebody asked me about the car payments,” Mr. Uribe said. In the new charges, prosecutors say that Mr. and Ms. Menendez paid Mr. Uribe back for the payments he had made on the Mercedes and falsely referred to that money as a “loan” in conversations with their lawyers, deliberately mischaracterizing the transaction. As a result, the indictment charges, Mr. Menendez in June “caused his then counsel to make false and misleading statements to the United States attorney’s office for the Southern District of New York.” Two months later, Ms. Menendez did the same.
Persons: Uribe, Menendez, , Mr Organizations: Marriott, Benz, Mercedes, Southern, of Locations: United States, of New York
When I enrolled at New York University last year, I decided to pursue an internship in the hospitality industry as a freshman. However, given the relative scarcity of internships at luxury hotel companies in New York City, I broadened my search to opportunities nationwide. I received two offers: one from The Ritz-Carlton, Naples, and another from a corporate office in Las Vegas for a different hotel chain. First, residing in New York City offers access to almost unlimited flights, ensuring flexibility in timing and competitive pricing. This benefit — combined with a supportive manager who has been very accommodating of my schedule — offers a level of flexibility that would have been unattainable under any other circumstances.
Persons: , I've, I'm Organizations: Service, New York University, Business, Ritz, Carlton, NYU, New York City, Marriott Locations: New York City, Scottsdale , Arizona, Las Vegas, Naples, Florida, New York
Do Credit Card Points Expire? Credit Card Points Never ExpireUnlike many airline miles and hotel points, credit card points don't expire as long as you keep your account open and in good standing (meaning you continue to pay off your balances or communicate with the bank if you need any financial assistance). Here are the main credit card points currencies, along with the top credit card options for earning each of them:These transferable credit card points can be extremely valuable, not just because you have so many options for using them to book travel, but also because there are certain sweet spots you can use to your advantage. FAQsDo all credit card points expire? Check the terms and conditions of your credit card rewards program or contact your credit card issuer directly.
Persons: there's, Miles, you'll, that's Organizations: Business, Business †, Citi Prestige, Citi, Chase Sapphire Reserve, American Airlines, Capital, American, Marriott, Alaska Airlines, Apple Locations: Chase, Alaska, Chevron
Macías’ prison cell is seen in these videos filmed by members of the military last year. Los Choneros and their main rival, Los Lobos, are believed to be allied with Mexican drug cartels in a war for dominance over Ecuador’s drug trade. Los Lobos saw an opening amid a violent power struggle in Los Choneros when Macías became its leader in 2020, say experts. In a music video shared online last year, the Los Choneros leader can be seen petting a rooster, apparently inside Guayaquil prison complex. But the press secretary of Ecuador’s president reckons the Los Choneros leader was told about an impending prison transfer.
Persons: José Adolfo Macías, Adolfo Macias, Fito, , Pablo Escobar, Macías, ” Jean Paul Pinto, Glaeldys, Julio Cesar Ballesteros, SNAI, Lenín Moreno, Ballesteros, Diana Salazar, , ” Jeremy McDermott, it’s, Choneros, González, Mariachi Bravo, Macías ’, Michelle, Bravo, Fito ’, Daniel Noboa, Noboa, Patricia Bullrich, reckons, ” Roberto Izurieta, jailbreak, Fabricio Colón Pico, Ecuador’s Organizations: CNN, Ecuadorean, Forces, Ecuadorean Armed Forces, AFP, roosters, Prisons, Crisis, Los, Los Lobos, US Treasury Department, Ecuavisa, Marriott, Argentina’s, Argentine, Teleamazonas, Police Locations: La Regional, Colombian, Latin America, Ecuadorian, Ecuador, Colombia, SNAI, America, Americas, Los Lobos, Mexican, Choneros, Guayaquil, Guayaquil –, Argentine, Córdoba, Argentina, CNN Ecuador
The dead baby girl was found in a trash bin in a women’s bathroom at main airport in Phoenix on Oct. 10, 2005. Wrapped in newspapers and a towel, the newborn had been stuffed into a plastic bag from a Marriott Hotel, the police said. Detectives immediately began investigating the death of the child, who came to be known as Baby Skylar. A medical examiner determined two days after the baby was found that she had been suffocated and was the victim of a homicide. Ms. Anderson was in custody in Washington on Tuesday, and was awaiting extradition to Maricopa County, Ariz., Lt. James Hester of the Phoenix Police Department said at the news conference.
Persons: Skylar, Annie Anderson, Anderson, James Hester Organizations: Marriott, Phoenix Sky Harbor International Airport, Washington State, Phoenix Police Department Locations: Phoenix, Washington, Maricopa County, Ariz
High interest rates squeeze companies of all sizes, but that’s especially the case for smaller firms, unlike large companies better equipped to weather the storm. Before the Bell: How do the effects of higher-for-longer interest rates on companies vary by size? I think it might be a stretch to say that M&A activity picks up because of higher interest rates, so instead, it’s that if good businesses are beginning to suffer because of higher interest rates, then they might be more likely to be a target. Gas prices always rise as winter winds down because demand increases and gas stations must switch over to more expensive summer fuel. No matter the cause, rising gas prices are bad news for consumers already frustrated by the cost of living.
Persons: It’s, Bell, Lauren Goodwin, Matt Egan, , Patrick De Haan, doesn’t, ” Read, Raphael Bostic, Michelle Bowman, Philip Jefferson, Patrick Harker, Lisa Cook, Neel Kashkari, Christopher Waller Organizations: CNN Business, Bell, DC CNN, Federal Reserve, New York Life Investments, AAA, , HSBC, Walmart, Home Depot, Barclays, Caesars Entertainment, Nvidia, Rivian, Fidelity, Marriott, Intuit, Pacific Gas & Electric, Global, Chicago Fed, US Labor Department, National Association of Realtors, Warner Bros ., Icahn Enterprises Locations: Washington, Wingstop, United States
Stocks continued their bull market tear on Thursday, with the S&P 500 closing at a new record high of 5,029. But don’t expect the run to continue, says Lukasz Tomicki, founder of LRT Capital Management, a hedge fund managing $120 million in assets. “I think the market is pricing in perfection,” Tomicki told Business Insider. Another reason he’s bearish on the economy’s prospects is because the money supply is declining, meaning liquidity in the economy is shrinking. The cheaper end of the hotel industry is typically less volatile in an economic downturn, Tomicki said.
Persons: Stocks, Lukasz Tomicki, ” Tomicki, Tomicki, , , Northrup Grumman Organizations: Capital Management, Business, Federal, Fed, Wyndham Hotels & Resorts, Marriott, Hilton
INDIANAPOLIS (AP) — The signs are all around downtown Indianapolis now: NBA All-Star weekend finally has arrived. Posters of the All-Star players cover Lucas Oil Stadium, home of the NFL's Indianapolis Colts and host to All-Star Saturday Night, and Gainbridge Fieldhouse, home of the Pacers and WNBA's Indiana Fever and site of Sunday's All-Star Game. There's even a larger-than-life graphic of Pacers star Tyrese Haliburton on the towering 33-story glass facade at the JW Marriott hotel. “When we had to shift the All-Star Game off of 2021, we were trying to figure out when it would work out and we landed on 2024,” NBA Commissioner Adam Silver said in October. “But that three years, I think, has really turned out to benefit us.”Now, the Pacers appear ready to shine under the spotlight of a second All-Star weekend.
Persons: Larry Bird, Rick Fuson, Kareem Abdul, Jabbar, Magic Johnson, Ralph Sampson, Bird, Michael Jordan, Isiah Thomas, Gainbridge, Tyrese Haliburton, Heck, Adam Silver, Herb Simon, “ We’re, , Steve Simon, Herb's Organizations: INDIANAPOLIS, New, Indianapolis, Indiana Pacers, Hoosier, Indy, NBA, CFP, Lucas Oil, Indianapolis Colts, Pacers, WNBA's Indiana, JW Locations: Indianapolis, Atlanta, Indiana, skywalks, Haliburton
Shopify — The e-commerce company saw shares slide more than 10% after it gave a mixed forecast for the current quarter. The company did beat fourth-quarter earnings and revenue estimates. Arista Networks — The computer networking stock fell 4% despite topping fourth-quarter estimates. Marriott International — The hotel chain stock declined 5.7% after missing fourth-quarter revenue estimates. Biogen — The biotechnology stock slumped more than 6% after missing Wall Street's fourth-quarter estimates as revenue and profit declined from a year ago.
Persons: WK Kellogg, Shopify, Goldman Sachs, Marriott's, ZoomInfo, Carl Icahn, Wall, Tripadvisor, Horton, Lennar, Bruker, Microstrategy, CleanSpark, , Macheel, Samantha Subin, Yun Li, Sarah Min, Alex Harring Organizations: Arista Networks, Marriott, ZoomInfo, , LSEG, JetBlue Airways —, Hasbro, &, Toll, Cadence, Systems, Cadence Design Systems, Miners, Iris Energy
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 26, 2023 in New York City. Stock futures were marginally lower on Tuesday morning as investors prepared for a key inflation report. Futures tied to the Dow Jones Industrial Average lost 38 points or 0.1%. S&P 500 futures slipped 0.18%, while Nasdaq 100 futures dropped 0.21%. In regular trading, the 30-stock Dow closed at a fresh record.
Persons: Carl Icahn, Dow, Chris Verrone, Dow Jones Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Avis Budget, JetBlue Airways, Federal Reserve, Hasbro, Marriott International, MGM Resorts Locations: New York City
Forbes found that there are 45 American families with fortunes exceeding $10 billion. The Walmart founder Sam Walton's heirs are richer than Elon Musk, with a $267 billion fortune. AdvertisementThere are 45 American families worth at least $10 billion, and the richest one is wealthier than Elon Musk, Forbes says. Forbes estimates the 45 superrich families are collectively worth about $1.3 trillion, or roughly 10 times Warren Buffett's personal fortune. The descendants of John D. Rockefeller — the nation's richest man in his prime — barely made Forbes' list, with a $10.3 billion fortune.
Persons: Forbes, Sam Walton's, Elon Musk, Koch, Lauder, Pritzker, Rockefeller, , Warren, Hearst, John D, MacMillan, Campbell, Brown, Forman, Jack Daniel's, Busch, Haslam, Warren Buffett's Berkshire Hathaway, it's Organizations: Walmart, Elon, Service, Forbes, SpaceX, Marriott, Carnegie, Vanderbilt, Getty, Cargill, Hyatt Hotels, Anheuser, Busch, InBev, Centers, Warren Locations: Marriott, Hearst
Wall Street wrapped up another positive week, with the S & P 500 closing Friday above 5,000 for the first time ever. It was a pretty light week in terms of economic data releases, though we did get a favorable ISM Services number on Monday. Things will pick up next week with several closely watched macroeconomic updates, including two key government inflation reports. While no Club earnings are scheduled to report earnings in the week ahead, 61 companies in the S & P 500 will deliver their latest quarterly results. Consumer inflation: The main event of the week will come on Tuesday when the January consumer price index (CPI) is released.
Persons: Estee Lauder, Eli Lilly, Price, Bausch, Trimble, Krispy Kreme, Topgolf, Kraft Heinz, Martin Marietta, Owens Corning, WEN, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Club, GE Healthcare, DuPont, Linde, Ford, Disney, Wynn Resorts, CPI, PPI, Palo Alto Networks, Nvidia, Bausch Health, Arista Networks, WM, Cadence Design Systems, ZoomInfo Technologies, Avis Budget, Brighthouse, Goodyear Tire &, Vornado Realty, Marriott International, Hasbro, Restaurant Brands, Molson Coors Beverage, Holdings, MGM Resorts, MGM, Akamai Technologies, American International Group, AIG, Topgolf Callaway Brands, CME Group, Sony, SONY, Blackstone Mortgage Trust, Martin Marietta Materials, Ryder, Occidental Petroleum, Cisco Systems, Deere, Penn Entertainment, Southern Company, Coinbase, Trade, Materials, Rand, Texas, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Albemarle, ALB, Ingersoll, New York City
The S & P 500 broke past 5,000 for the first time ever this week, but investors will see if the momentum can stick in the week ahead with more inflation data and earnings results on deck. On Friday, both the S & P 500 and the Nasdaq Composite were headed for their fifth straight week of gains, and their 14th winning week in 15. FactSet data shows S & P 500 earnings are tracking to have risen 2.8% in the fourth quarter, which would be a second straight quarter of earnings growth, and some expect that positive momentum will remain intact in the weeks ahead. A cooler-than-expected print has the potential to be greeted with enthusiasm, sending the S & P 500 even higher. The S & P 500 is up by 5% this year, with Nvidia higher by more than 40%.
Persons: Jeremy Siegel, CNBC's, Siegel, Karim El Nokali, we've, Tony Welch, Dow, SignatureFD's Welch, there's, Welch, Russell, Jason Hunter, that's, Hunter, Matt Kishlansky, Biogen, Kraft Heinz, Generac Organizations: Treasury, Wharton Business, Nasdaq, Arista Networks, Marriott International, Occidental Petroleum, Deere, Applied Materials, Dow Jones, Wall, Nvidia, Arm Holdings, JPMorgan, New York Community Bancorp, Federal Reserve, Treasury Budget, Waste, CPI, MGM Resorts International, Akamai Technologies, Howmet Aerospace, Molson Coors Beverage, Hasbro, Price, Index, Philadelphia Fed, Retail, Manufacturing, Housing, PPI Locations: SignatureFD, U.S, Long, GenTrust, Albemarle, NAHB, Michigan
CNBC's Jim Cramer on Friday prepared investors for next week on Wall Street, saying investors should pay attention as earnings season continues, with reports from companies including Shopify , Marriott and Wendy's . He also recommended researching retail stocks next week before the industry reports a slew of earnings results the week after. "Next week seems busy, but, you know what, it's a classic interregnum — Google that — before we get to retail earnings," Cramer said. On Monday, Cramer said he'll be waiting for earnings reports from two "scorchers," cloud networking outfit Arista Networks and Cadence Design Systems , which provides software for artificial intelligence hardware. Shopify reports on Tuesday, and Cramer said he's optimistic because online shopping seems to be booming.
Persons: CNBC's Jim Cramer, Cramer, he'll, it's, he's, Kraft Heinz, He'll Organizations: Shopify, Marriott, Google, Arista Networks, Cadence Design Systems, Howmet, Cisco, Splunk, Trade, Costco, Walmart Locations: Wendy's
Compare the Top Business Travel Credit CardsBest business credit card overall for most small business owners Ink Business Preferred® Credit Card Apply now lock icon An icon in the shape of lock. Best Business Travel Credit Cards of FebruaryInk Business Preferred® Credit Card : Best business credit card overallBest business credit card overall The Business Platinum Card® from American Express : Best business credit card for premium benefitsBest business credit card for premium benefits Capital One Venture X Business Card† : Best business credit card for high spendersBest business credit card for high spenders The Blue Business® Plus Credit Card from American Express : Best business credit card for unlimited flat-rate Amex Membership RewardsBest business credit card for unlimited flat-rate Amex Membership Rewards Ink Business Cash® Credit Card : Best business credit card for unlimited flat-rate cashback or Chase Ultimate Rewards®Best business credit card for unlimited flat-rate cashback or Chase Ultimate Rewards® American Express® Business Gold Card : Best business credit card for 4x Amex Membership Rewards categoriesBest business credit card for 4x Amex Membership Rewards categories Capital One Spark Miles Select for Business† : Best business credit card for unlimited flat-rate Capital One milesBusiness Travel Credit Card ReviewsBest business credit card overall: Ink Business Preferred® Credit CardThe Ink Business Preferred® Credit Card is a fantastic jack-of-all-trades business credit card for many small business owners. Best business credit card for high spenders: Capital One Venture X Business Card†The Capital One Venture X Business Card† is a newcomer on the business credit card scene that heavily rewards big spenders. Best business credit card for unlimited flat-rate cashback or Chase Ultimate Rewards®: Ink Business Cash® Credit CardThe Ink Business Cash® Credit Card is a no-annual-fee business credit card that earns generous cash back on business-related categories while providing useful perks such as purchase and extended warranty protection. Best Business Travel Credit Cards Frequently Asked QuestionsWhat is the best business credit card for travel rewards?
Persons: You've, It's, You'll, We'll, you'll Organizations: Business, Venture, Business †, you've, Ink, Chase Travel, FDIC, Express, American Express, Dell Technologies, Adobe, American, Capital, One, Amex, FedEx, Grubhub, Supply, Walmart, Best, Dell, Air Canada Aeroplan, British Airways Executive Club, Marriott Bonvoy, Chase, Finance, Locations: AmexTravel.com, U.S, Chevron
“She had no idea what was on that phone, but that phone contained the lynchpin to this case,” Dunlop said. Smith was registered to stay at the hotel from Sept. 2 to Sept. 4, 2019; the first images showing Henry's body were time-stamped at about 1 a.m. on Sept. 4, police said. “What he does say is that he found the body of Kathleen Jo Henry in his truck the next morning. The last images on the card were taken early on Sept. 6 and showed Henry’s body in the back of a black pickup, according to charging documents. Alaska State Troopers in 2018 incorrectly identified another body as that of Abouchuk, because Abouchuk’s ID had been discovered with it, for reasons that remain unclear.
Persons: Brian Steven Smith, Kathleen Jo Henry, Veronica Abouchuk, Henry, Abouchuk, , Brittany Dunlop, , Timothy Ayer, Smith, Ayer, Valerie Casler, it’s, ” Ayer, “ She’s, Kevin Saxby, ” Dunlop, Dunlop Organizations: Authorities, Marriott, Alaska State Troopers Locations: ANCHORAGE, Alaska, Anchorage, South Africa, Rainbow, Seward
"Sue Bird: In the Clutch," a documentary on the career and personal life of the WNBA star, wasn't the most buzzed-about film at Sundance. Nike's success could encourage more brands to follow its leadNike has long been a big player in brand-funded films. Many brands dream of getting their films on Netflix, where even relatively small viewership numbers are bigger than they'd get on a rival streamer. Brands often work alongside traditional Hollywood players, which lends credibility to film projects. But the more films like "In the Clutch" get wide distribution, the more other brands could be encouraged to pursue similar storytelling.
Persons: Sue Bird, Werner Herzog, Sarah Dowland, RogerEbert.com, IndieWire, it's, Beckham, Justin Biskin —, Ron Howard, Brian Grazer's, Oscar, Alex Gibney's Jigsaw, Jay Ellis's Organizations: WNBA, Sundance, Entertainment, Business, Netflix, Nike, Iron Entertainment, Apple, HBO, Procter, Gamble, Marriott, Hollywood Locations: Canada, Hollywood
Opinion | The Ogre Gorging on America
  + stars: | 2024-01-27 | by ( Maureen Dowd | ) www.nytimes.com   time to read: 1 min
If you can imagine the lobby bar of the Manchester Marriott as an Anglo-Saxon mead hall, I can explain how it felt to cover the New Hampshire primary. I will need the help of the late Seamus Heaney, who described what it was like to be quaffing in Heorot Hall while Grendel lurked and swooped through the frost-stiffened north. In his lyrical translation of “Beowulf,” Heaney described Grendel as “the terror-monger,” the “captain of evil” and “the dread of the land.”He wrote that the fiend “ruled in defiance of right” and was “malignant by nature, he never showed remorse.”
Persons: Seamus Heaney, Grendel lurked, ” Heaney, Grendel, Organizations: Manchester Marriott Locations: Hampshire, Heorot
The area, modelled on Paris in the 1860s, is filled with elegant but crumbling buildings constructed over the subsequent seven decades. The Sovereign Fund has already taken control of three prime properties in central Cairo, and received ownership of 11 former ministry buildings in a decree published this week in the official gazette. "Some of the buildings are already evacuated, but there is a mobilisation plan for relocating into concentrated locations for whoever is staying and not moving to the new capital," Soliman said. Work on the ground would begin "probably within the first half of this year," Soliman said. It would include a three-star Moxy hotel by Marriott, the first in Egypt, Soliman said.
Persons: Patrick Werr CAIRO, Ayman Soliman, Soliman, We're, Patrick Werr, Aidan Lewis, Alex Richardson Organizations: Sovereign Fund, Misr Insurance, Reuters, European Bank for Reconstruction, National Democratic Party, NDP, Marriott Locations: Paris, Cairo, Egypt
The business of timeshares
  + stars: | 2024-01-22 | by ( Ryan Baker | Christina Locopo | Tala Hadavi | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe business of timesharesMore than 10 million U.S. households own a timeshare, and the average sale price and annual maintenance fee was about $24,000 and $1,200, respectively, in 2022. Companies that dominate the $10.5 billion-a-year industry are Wyndham Destinations, Marriott Vacations Worldwide, Hilton Grand Vacations and Westgate Resorts. But the Better Business Bureau has received about 3,000 complaints for the three largest public companies since 2021, and one study found that 85% of owners regret their purchase.
Organizations: Companies, Wyndham, Marriott, Hilton, Westgate Resorts
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