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Outbound travel from China is set to receive a much-anticipated jolt as "Golden Week" bookings show changes in where and why Chinese people are traveling. While most Golden Week travelers are choosing mid-tier accommodations, growth for five-star hotels in Europe is almost three times higher in Europe than in Asia-Pacific, company data showed. Seeking quiet and concertsAs Chinese tourists continue to move beyond organized sightseeing tours abroad, more are seeking to celebrate Golden Week in off-the-beaten-path locations, especially in Asia and Europe, according to Trip.com's data. In Europe, bookings in Spain rose 260% to the city of Granada and 144% to Seville, according to Trip.com. Hong Kong is expected to welcome as many as 1.2 million mainland Chinese visitors during the coming Golden Week holiday, up 10% from last year, according to the city's Travel Industry Council.
Persons: Trip.com, Oscar Wong, Vietnam —, Ito, John Legend Organizations: National, Alibaba Group, United, United Arab, Goldman Sachs Equity Research, ASEAN, Golden, city's Travel Industry Locations: China, Asia, Pacific, Japan, Hong Kong, South Korea, Australia, Thailand, Malaysia, Singapore, Vietnam, Southeast Asia, United States, Chile, Croatia, Belgium, Hungary, Czech Republic, Finland, Norway, Netherlands, United Arab Emirates, Sri Lanka, New Zealand, United Kingdom, France, Spain, Europe, Trip.com, Cambodia, Laos, Myanmar, Tokyo, Kyoto, Yokohama, Phu, Granada, Seville, Golden, . Hong Kong
Richard Branson, the billionaire founder of Virgin Group, has turned his money and focus toward a very personal new project: DyslexicU, the first free online university for dyslexic thinkers. Branson said that while he wasn’t interested in school subjects such as geometry and applied mathematics, dyslexia helped him focus on his strengths. “If you’re a dyslexic person, you can go on and take one of the courses and learn more about how incredibly successful dyslexic people have used their dyslexic thinking to turbocharge their careers,” Branson’s co-founder Kate Griggs told NBC News. Whereas schools should be places to go and find out what’s going on in the world,” Branson said. “Find out one thing that really interests them and let them put their energy behind that,” Branson said.
Persons: Richard Branson, Branson, , , I’ve, Kate Griggs, Olga Fedorova, ” Branson, Muhammad Ali, Steve Jobs, Pablo Picasso, ” Branson’s, you’re, who’ve Organizations: Virgin Group, NBC News, University of Life, Virgin, Branson, Locations: blackboards
Tom Carpenter“I saw an uptick in people traveling with their pets early in 2024,” said Heather Eisenstadt, founder of Top Dog Pet Travel, a central Florida agency specializing in pet-friendly bookings. While analysts don’t track pet travel outlays specifically, some airlines and hotels appear eager to welcome more furry guests — aware that many visitors will pay a premium for it. Some pet owners say they wouldn’t make use of it anyway. Hosts on both platforms set their own pet fees. But the 41-year-old warehouse supervisor from Allentown, Pennsylvania, sees hotel pet fees of up to $200 as reasonable.
Persons: Tom Carpenter, , Mori, Tom Carpenter’s, Tom Carpenter “, , Heather Eisenstadt, Taylor, Eisenstadt, Morgan Stanley, Simeon Gutman, they’re, “ There’s, Patrick O’Brien, “ You’re, ” “, Annette Sacks, Annette Sacks ’, ” Carpenter, Airbnb, techs, Conrad Washington, Avery Price doesn’t Organizations: , Carpenters, American Pet Products Association, American Airlines, Airlines, U.S . Department of Transportation, United, Delta Air Lines, Bark Air, Westchester County Airport, Hotels, Embassy, Conrad, Conrad Washington D.C, Tiffany, Humane Society Locations: Washington, Florida, Europe, Paris, U.S, Blairstown , New Jersey, Chihuahua, New, Westchester, Los Angeles, London, Blairstown, NJ, Hampton, Atlanta, Virginia, Allentown , Pennsylvania
My husband and I travel on a budget — we once went to London and Paris for $600. Signing up for credit cards at the right time and being flexible with travel dates saves us money. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . After years of learning the ropes, here are eight of my best tips for saving money on amazing trips around the world.
Persons: , I've, Churchill, would've Organizations: Service Locations: London, Paris, Bahamas, Baha
Israel's Prime Minister Benjamin Netanyahu defiantly faced an international community from which he has become deeply isolated amid international condemnation of Israel's war in the Gaza Strip and the military's fresh escalations in Lebanon. As the General Assembly president called the room to order, groups of diplomats stood up and walked out of the room, leaving a sparse audience on the delegate floor. More than 40,000 people have been killed in Gaza in Israel's ensuing war with Hamas. Earlier this month, the General Assembly passed a historic, if symbolic, resolution with an overwhelming majority, demanding that Israel withdraw from the Palestinian territories within a year. The resolutions, like all General Assembly resolutions, are nonbinding and were resoundingly ignored by Israel.
Persons: Benjamin Netanyahu, Netanyahu, ” Yokonan Landau, , , Israel, Francesca Albanese, António Guterres, Guterres, Netanyahu — Organizations: Israel's, United Nations, Assembly, General, General Assembly, Israel, Hamas, Court of Justice, West Bank, Human Rights, UNRWA Locations: Gaza, Lebanon, New York, Iran, Israel, Midtown Manhattan, Nations, Israel's, U.S, France, Syria, Rafah
These are the best credit cards for bad credit in 2024, according to Business Insider's team of credit card experts. Discover it Secured Credit Card ReviewBest for 1.5% Cash Back: Capital One Quicksilver Secured Cash Rewards Credit CardThe Capital One Quicksilver Secured Cash Rewards Credit Card is a secured credit card that earns a straightforward 1.5% cash back on all purchases with no limits. US Bank Altitude Go Secured Credit Card ReviewBest for Everyday Expenses: Bank of America® Customized Cash Rewards Secured Credit CardThe Bank of America® Customized Cash Rewards Secured Credit Card is another good option for maximizing your rewards earnings. Credit Cards for Bad Credit Frequently Asked QuestionsWhat are the main benefits of credit cards for bad credit? Upgrade to an unsecured credit card — Secured credit cards are meant to be a stepping stone to better financial products.
Persons: They're, it's, cardholders, you'll, Cardholders, Cash, you've, You'll, you’ve, it’s, Quicksilver, WebBank, , Holly Johnson Freelance, Holly Johnson, Johnson, Angela Fung, Read Organizations: Business Insider, U.S . Bank, Bank of America, Card, Bank, Bad Credit, Credit, Business, Quicksilver, . Bank, Cell, Sporting, EV, US Bank, Cash Plus, U.S, Go, The Bank of America, Gas, Drug, of America, Walmart, Visa, Discover, Capital, CreditWise, Rewards, Bank Cash, Go Visa, Cards, U.S . News, Club, Finance Locations: U.S, Capital, Chevron
United Nations headquarters CNN —It’s one of the biggest security operations in America: Protecting thousands of world leaders and their entourages at the annual high level United Nations General Assembly meeting in New York. High shots from cameras looking at nearby corners outside the UN are always on. The UN security officials said its impossible to monitor all 1400 cameras at the same time but there are personnel checking out the scene. New York police and diplomatic security are tasked with rushing long and short motorcades from hotels across Manhattan to the UN and back. UN security officials say their priority is providing a secure environment.
Persons: CNN —, It’s, They’ve, Linda Thomas, Greenfield, Organizations: Nations, CNN, United Nations, Assembly, UN, New York Police Department, Secret Service, New York, New York Stock Exchange, New Locations: America, New York, Manhattan
CNN —Billing itself as the world’s “first holographic communications platform,” US startup Proto is beaming life-size, “3D” video into universities, hotels and medical centers. The boxes can reproduce pre-recorded video as well as a live feed, and any 4K camera, including an iPhone, can be used as the source. Nussbaum, whose background is in radio and podcasting, started Proto in 2018. In 2023, video of actor William Shatner was beamed from Los Angeles to the Advertising Week APAC event in Sydney, Australia. A similar technology launched by Dutch company Holoconnects has been deployed at hotels in Scandinavia, and used for advertising by BMW.
Persons: CNN —, , William Shatner, , David Nussbaum, Nussbaum, Holoconnects, Gary Burnett, Proto, Clay Jackson, Crystal Freeman, Organizations: CNN, Inc, Amazon, Verizon, Siemens, Accenture, Walmart, NFL, JFK, Beverly Wilshire, BMW, Google, HP, Cisco, MIT, Vanderbilt, Stanford, University of Loughborough, Loughborough University, West Cancer Center, University of Tennessee College of Medicine Locations: Los Angeles, Orlando , Florida, Sydney, Australia, New, Beverly Hills , California, Scandinavia, Webex, Central Florida, Memphis , Tennessee, New Jersey
Dubai’s millionaires are fueling a private jet boom
  + stars: | 2024-09-26 | by ( Lucy Cormack | ) edition.cnn.com   time to read: +9 min
Dubai, UAE CNN —It’s 3am at the VIP airport terminal of Dubai’s Mohammed Bin Rashid Aerospace Hub and an ultra-long range aircraft is readying for take-off. The luxury, 14-seat private jet is headed for Europe, just as soon as its main passenger and his entourage arrive. It’s an elite club that enjoys private jet travel, which can cost anywhere from $50,000 to $200,000-plus for a single leg. Mouallem said the private aviation industry was accustomed to “different kinds of shifts across the world with banning private aviation,” insisting that the focus should be not on banning flights but ensuring greater adoption of sustainable aviation fuel (SAF). So that’s really an operator decision and a supplier decision,” Avetkiyan said, adding that her customers shouldn’t feel guilty about the environmental impact of private aviation.
Persons: UAE CNN —, Mohammed Bin Rashid, it’s, , Lilit Avetikyan, Lilit, Voyex, Vanessa Budah, , Knight Frank, they’ve, Faisal Durrani, Knight Frank Middle, Durrani, Youssef Mouallem, “ You’ve, ” Mouallem, they’re, you’re, ” Youssef Mouallem, Vistajet Mouallem, Mouallem, Avetkiyan, that’s, ” Avetkiyan, “ I’m Organizations: CNN, UAE CNN, Hub, McDonald’s, KFC, United Arab Emirates, Communications, Henley, Partners, US, Knight, Resorts, Resorts Tech, Resorts Dubai, Creative, International, Sharjah —, Gama Aviation, Sharjah International, European Federation for Transport, Sustainable, Emirates, Airbus, SAF, International Air Transport Association, Emirates SAF Locations: Dubai, UAE, Europe, Voyex, India, East, Russia, Africa, Gulf, Saudi Arabia, Sharjah, Netherlands
It is building 43 new hotel units and 18 residential homes over 40 acres — all with a 3D printer. It is the world’s first 3D-printed hotel, says El Cosmico owner Liz Lambert and the partners behind the project — Austin, Texas-based 3D printing company ICON and architects Bjarke Ingels Group. The “ink” of this 3D printer is a special cement-based material called Lavacrete, a proprietary mixture designed for strength, affordable scale, and printability. In the long term, 3D-printed construction could displace some skilled laboring jobs, said Milad Bazli, a science and technology lecturer at Charles Darwin University in Australia. The hotel units will range between $200 and $450 per night.
Persons: El Cosmico, Liz Lambert, Bjarke, Lambert, ” Lambert, “ I’ve, It’s, ICON’s Vulcan, Jason Ballard, ” Ballard, Milad Bazli, , ” Bazli Organizations: Bjarke Ingels, Charles Darwin University Locations: MARFA, Texas, El, Marfa, Austin , Texas, Austin, Australia
Eric Adams took perks and donations from the Turkish government for years, prosecutors say. "It is very expensive because it is last minute," the airline manager texted the Adams staffer, according to the indictment. AdvertisementThe Adams staffer pushed the manager to charge a more realistic-sounding price, prosecutors say. The Adams staffer asked for "$1,000 or so," noting that Adams' "every step is being watched right now." The Turkish Airlines manager also offered to set up Adams in the Four Seasons, which the Adams staffer deemed "too expensive."
Persons: Eric Adams, wasn't, Adams, , Damian Williams Organizations: Service, Turkish Airlines, Prosecutors, Turkish, United Nations, Cosmopolitan Suite, Regis Locations: Turkish, New York City, Turkey, Istanbul, Manhattan, Regis Istanbul, New York, France
Sutskever announced his departure from OpenAI in May and launched his own AI startup focused on safety. Of the 11 cofounders of OpenAI from 2015, only Altman, Brockman (who, again, is on leave), and Wojciech Zaremba remain. Daniel Kokotajlo and William Saunders, who previously worked on OpenAI's governance and safety teams, respectively, left OpenAI in the first half of 2023. AdvertisementAdditionally, OpenAI cofounder John Schulman left in August to join OpenAI rival Anthropic — where Leike also landed. On Wednesday, Meta announced that Meta AI is on track to be "the most used AI assistant in the world."
Persons: , Mira Murati, Sam Altman, There's, OpenAI, Airbnb, KugtVv9o6N, Matt Turck, Altman, Murati, Ilya Sutskever, Greg Brockman, Brockman, Sutskever, Sam, Madeline, PnRxZSbGgx — sophie, Bob McGrew, Barret Zoph, Sarah Friar, Jakub Pachocki, Brad Lightcap, Kevin Weil, Wojciech Zaremba, Elon Musk, Musk, Jan Leike, Daniel Kokotajlo, William Saunders, John Schulman, Anthropic, Leike, Andrej Karpathy, Kokotajlo, Fortune Organizations: Service, Bloomberg, Business, Wired, OpenAI, , Microsoft, Meta, Apple, Nvidia, Reuters Locations: OpenAI, Slack,
Eric Adams spent two nights at the St. Regis Istanbul in the summer of 2017, prosecutors said. He paid $600 for the hotel's Bentley suite instead of its true worth, about $7,000, they said. A page from the indictment showing the Bentley Suite, where feds say Adams stayed at a big discount. One of these perks was the 2017 stay in the St. Regis' Bentley Suite. Take a look inside the Bentley hotel suite where prosecutors say he stayed in 2017 at a major discount.
Persons: Eric Adams, , Adams, Regis, Bentley Organizations: Regis, Service, Bentley, Turkish Airlines, Prosecutors Locations: Regis Istanbul, New York City, Regis, Istanbul, St, New York, Turkey
In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Around the world, transport startups are embracing electric vehicles, and those in Africa are no different. In 2023, it announced it would be expanding to Kenya, with a rollout of 1.2 million electric vehicles. Uncover , a Kenyan skincare brand, says it wants to fill this gap by providing healthy cosmetics that put African women first. ‘‘We want to be the Airbnb of vehicle rentals in Africa and ultimately the world,” Arinze says.
Persons: Chinazom Arinze, ” Arinze, , Spiro, Clement Di Roma, Simon Maina, Prince William’s, James Oatway, there's, Edwin Maina, Arinze, , Autogirl, hasn’t, she’s, , , Airbnb, Organizations: CNN, Babcock University, Getty, Reeddi Technologies, The Royal Academy of Engineering, Kenyan, Hertz, Hyundai, Lexus Locations: Nigeria, Benin, Kenya, Africa, AFP, China, Cameroon, Rwanda, Ghana
Top 10 things to watch Wednesday, Sept. 25 — Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. 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.
Persons: Jeff Marks, Morgan Stanley's, Adam Jonas, Jonas, Tyson Food, Piper Sander, KeyBanc, they've, Wells, Baker Hughes, Halliburton, SLB, Baird, Gabrielle Fonrouge, Expedia, Cowen, Oppenheimer, Jim Cramer's, Jim Cramer, Jim Organizations: Club, Nvidia, Micron, U.S, Ford, General Motors, Hewlett Packard Enterprise, Barclays, Juniper Networks, Micro, Dell Technologies, Union Pacific, Department, Google, Jim's, Jim Cramer's Charitable, CNBC Locations: U.S, China
Read previewThis as-told-to essay is based on a transcribed conversation with Christin Baumgarten, 39, about living in Bali with her husband and two kids. I moved to Bali from Berlin in April 2014. I moved to Bali when it was becoming known as an emerging startup hubI initially just planned to stay in Bali for the length of the three-month internship. Related storiesI was lonely at first, but now I have a husband and 2 kids hereInitially, I found Bali a bit lonely. Another is that following the Ukraine war, lots of people from Russia and Ukraine have moved to Bali.
Persons: , Christin Baumgarten, I'd, I've, we've, I'm Organizations: Service, Business, Tourism Locations: Bali, Berlin, Silicon Valley, Indonesian, Sumatra, Germany, Bali ., Ukraine, Russia, Renon
Annual fee Insider’s Take The Southwest Rapid Rewards® Premier Credit Card is worth considering if you fly Southwest, even occasionally. Southwest Rapid Rewards® Premier Credit Card OverviewThe Southwest Rapid Rewards® Premier Credit Card is the middle child of Chase's three Southwest consumer credit cards. Southwest Rapid Rewards® Plus Credit Card vs. Southwest Rapid Rewards® Premier Credit CardThe Southwest Rapid Rewards® Plus Credit Card is the "baby" card of the Southwest family. Southwest Rapid Rewards® Priority Credit Card vs. Southwest Rapid Rewards® Premier Credit CardThe Southwest Rapid Rewards® Priority Credit Card is Southwest's top-tier consumer credit card, and the option you should consider instead of the Southwest Premier if you frequently fly on this airline. The Southwest Rapid Rewards® Premier Credit Card has an "older sibling" — the Southwest Rapid Rewards® Priority Credit Card.
Persons: HBO Max, you'll, You'll, cardholders, Jasmin Baron, Read, Angela Fung Organizations: Business, Rewards, Card, Rapid, Southwest Premier, Southwest ®, Southwest, Southwest Premier cardholders, Apple, Disney, ESPN, HBO, Hulu, Netflix, Pandora, Paramount, Showtime, Spotify, YouTube, Southwest Premier Southwest, Central America, Rapid Rewards, Chase, Sapphire, Southwest Airlines, cardholders, TSA, Southwest Premier Chase, Finance Locations: Hawaii, Mexico, Caribbean, Central, Southwest airfare, Southwest, U.S, Chevron, Canada
Sonia runs the family's hotel business, turning it into a sprawling collection of resorts and luxury locations. Sonia Cheng, pictured left, is the head of the Rosewood Hotel Group, which owns 51 hotels and is planning more than two dozen others. With Sonia at the helm, Rosewood has since expanded into a global powerhouse for luxury hotels, with 34 locations and another 24 on the way. Rosewood's Hong Kong property ranked second on the World's 50 Best Hotels' 2023 list, with two other hotels in São Paulo and Paris earning spots as well. He's the founder of Altaya Group, a wine wholesaler, and the boutique restaurant company Classified Group, which runs five locations.
Persons: Sonia, Sonia Cheng, Carlyle, Pascal Le Segretain, Thomas Iannaccone, Morgan Stanley, Warburg Pincus, Maritz, It's, Henry, Paulo Pong Kin, Yee Organizations: Rosewood, Group, Fashion, Penske Media, Getty, Harvard University, Warburg, CNBC, Rosewood Hotel Group, Rosewood Corp, Wolff, Channel News Asia, Paris, Altaya Locations: New York City, Rosewood, Manhattan, China, Beijing, Sanya, Shanghai, Shenzhen, Hong Kong, São Paulo, Hong
Read previewThis as-told-to essay is based on a conversation with Jonathan Sit, a regional general manager for ONE15 Marina. I joined ONE15 Marina at Sentosa Cove Singapore in 2014 as a management associate for two years before becoming regional general manager. You're starting an argument, and members don't want to argue. Don't put wealthy people on a pedestalIt sounds cliché, but the marina industry is a people business, and members want to be treated like humans. Learning a bit about yachting also helps me relate to the members better.
Persons: , Jonathan Sit, It's, I've, it's, they've, we've, They're Organizations: Service, ONE15 Marina, Michelin Star, Business, ONE15, CNBC Locations: Hong Kong, Singapore, Sentosa Cove Singapore, Sentosa
Read previewA recent sleepover made me consider how different my childhood was compared to my children's. While my sleepovers were better than theirs, their experiences in other areas of their childhood seem much better. And while I'm happy they get to have those experiences, I'm also starting to get a little jealous. They don't have to spend hours at church like I didOf all the shared life experiences, church activity makes me the most envious. And it's nice to think that someday in the future, my oldest will be hesitant to let his kid mow the lawn, too.
Persons: , Sleepovers, I'm, Trunchbull, I'd, they've, Zelda, That's Organizations: Service, Business, Disney, Methodist Locations: West Virginia, Orlando, Chattanooga, Asheville, North Carolina, Breckenridge
At least 45 people, including women and children, were killed, along with 16 Hezbollah militants, including the Radwan force leader Ibrahim Aqil and senior commander Ahmad Wehbe. Weakened militarily and stripped of its cloak of secrecy, Hezbollah has arrived at the most delicate phase of its decades-long fight against Israel. The Israeli military did not respond to questions about whether the site was impacted but officials confirmed direct hits nearby. This was one of the deepest hits by Hezbollah since the last all-out war between Lebanon and Israel in 2006. What is certain is that there are new unwritten rules of engagement between Hezbollah and Israel.
Persons: Ibrahim Aqil, Ahmad Wehbe, Bassam Mawlawi, Hezbollah’s, Naim Qassem, , Shir Torem, Rafael, Israel, Hassan Nasrallah, , Hussein, Nasrallah Organizations: Lebanon CNN —, Israel, Reuters, Ramat Locations: Beirut, Lebanon, Beirut’s, Iran, Gaza, Israel, Kiryat Bialik, Haifa
They’re going to take away your guns, you saw that, they’re going to take away your guns. And at the end it was, “Thank you, thank you, thank, thank, thank, thank, thank, thank.” I said, “What the hell’s… What’s wrong with her?” I say, “Thank you.” And you wait a couple of seconds. “Thank you, thank, thank, thank, thank.” There’s something wrong with her, okay? She was all talk, I’m going to do this and I’m going to do that, and then I’m going to cut tax and then I’m going to give you 25,000 per house and then I’m going to go, over and over. When Biden was president — going to give up the whole thing to Russia, it looks like.
Persons: I’m, Kamala Harris, Rasmussen, We’re, Kamala, Sleepy Joe Biden, , , can’t, Country’s, Harris, we’ve, you’re, You’re, “ Donald Trump, Donald Trump, – Joe Biden, didn’t, Sleepy Joe, ” “ I’m, Joe, That’s, Trump, What’s, Kamala …, she’s, Bernie Sanders, Nancy Pelosi, She’s, let’s, Kamala Harris …, I’ve, David Muir, David Muir barged, Sir, President Trump, FBI …, don’t, , There’s, Donald J, You’ve, we’ll, – Mr, You’ll, Where’s Harris, would’ve, Jimmy Carter, Xi, Del Cueto, Biden, They’ve, “ They’re, ” They’re, They’re, it’s, it’ll, Let’s, Forbes, Michael, Jacky Rosen, Crooked Joe Biden, Joe Biden’s, Jacky, Sam Brown, Nobody’s, He’s, Joe Lombardo, Joe’s, that’s, It’s, they’re, Tampon Tim, tampons –, Governor Lombardo, we’re, Ding, haven’t, Russia would’ve, Bush, Barack Hussein Obama, , Russia’s, Korea’s, Muhammad Ali, Muhammad, Henry, “ I’ll Organizations: Philadelphia TV, gaslight, JD, FBI, Department of Justice, of Justice Statistics, Communist, Border, Marxist, Street, The New York Times, New York Times, Washington, White, ICE, DHS, Forbes, United Auto Workers, Biden, Unions, Keystone XL, United States, Paris Climate, Nevada Climate Accord, Police, California, ABC Fake, Trump Reciprocal Trade, Green New, Washington D.C, We’re, America, Make Locations: Las Vegas, Aurora , Colorado, Springfield , Ohio, Colorado, Iowa, Pennsylvania, United States, McDonald’s, – Pennsylvania, , America, Idaho . Idaho, Haiti, Chile, Colombia, New York, Chicago, Florida, Middle America, Aurora, Virginia, Tennessee, Honduras, So Nevada, Nevada, American, You’ve, Texas, Western Nevada, Mexico, China, Paris, Russia, Saudi Arabia, California, Nevada , Wisconsin , Pennsylvania, Michigan, Washington, Manhattan, Ukraine, Israel, Italian, Venezuela
Motel 6 sold to Indian hotel operator Oyo for $525 million
  + stars: | 2024-09-21 | by ( ) www.cnbc.com   time to read: +1 min
The budget motel chain Motel 6 is being acquired by the parent company of Oyo, a hotel operator based in India. The New York-based investment firm Blackstone , which owns Motel 6's parent company G6 Hospitality, announced Friday that the deal would be an all-cash transaction worth $525 million. The transaction will also include the sale of the Studio 6 motel brand, which caters to customers seeking extended stays. Oyo, which launched in India just over a decade ago, has been expanding its footprint in the U.S. over the past few years. Under the deal, Oravel Stays, which owns Oyo, will acquire G6 Hospitality.
Persons: Blackstone, Gautam Swaroop, Rob Harper, Oravel Organizations: The, Hospitality, Blackstone, Estate Asset Management Locations: Oyo, India, The New York, U.S
Combs’ attorneys had asked that he be released on bail and said he could post a $50 million bond. Sean "Diddy" Combs in court in New York City on Tuesday. Johnson, the prosecutor, told the judge: “The defendant’s power gives him a unique ability to influence and intimidate witnesses and victims. They settled the lawsuit a day after it was filed without disclosing the terms and with Combs denying any wrongdoing. She said the witnesses who received subpoenas have firsthand knowledge of Combs’ behavior as charged in the indictment.
Persons: Sean Combs, Kalenna Harper, Dawn Richard, Diddy, Combs, Harper, Emily Johnson, Robyn Tarnofsky, Andrew Carter Jr, Sean, Jane Rosenberg, Johnson, ” Prosecutors, Richard, groped, ” Richard, Casandra Ventura, Cassie, ” Johnson, Harper “, hasn’t, Marc Agnifilo, Ventura, , , ” Combs, Agnifilo, ” Agnifilo Organizations: U.S, District, Prosecutors, Bad Locations: New York, U.S, New York City
Franklin Templeton's Yi Ping Liao describes the South Asian country as "a fertile hunting ground to identify stocks." And if this continues, you can potentially see lower equity risk premiums for the market," the assistant portfolio manager told CNBC Pro on Sept. 12. She likes that the Indian market offers the "opportunity to identify good stocks," following an improvement in its breadth. Among the names Liao is betting on is automaker Tata Motors . Elsewhere, in the tourism and hospitality industry, the portfolio manager likes hotel chain Indian Hotels — the company behind premium brands like Taj, Vivanta and Ginger.
Persons: Franklin Templeton's Yi Ping Liao, Liao, Franklin, Morgan Stanley, China's, Vivanta, Ginger, India's financialization Organizations: CNBC Pro, Templeton, Growth, IMI, Bombay Stock Exchange, World Economic, Bain & Company, Tata Motors, Tata, Apollo, Max Healthcare Institute, Insurance, Taj, HDFC Bank, ICICI Bank, Kotak Mahindra Bank Locations: India, Asia, China, U.S
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