Cruise operators have been enjoying strong demand since climbing out of the Covid pandemic, which may have some investors wondering if the good times will last. UBS believes they will. For one, the gap between cruise prices and land-based hotel prices is still "meaningfully wider" than it was in 2019, UBS analyst Robin Farley wrote…
If you've ever wanted a vacation on Maui's famed Ka‘anapali Beach, this is the year to go. Occupancy and prices are down some 20–30% in the popular West Maui resort area, but those rates are expected to rebound by the end of 2024. They're lower than normal because of the lingering misperception that this sunny…
A night in China's Guizhou province at the Cliff Hotel, pictured here, starts around $83, according to Trip.com, which says the hotel was built in 2023 with 34 rooms. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese travelers are increasingly opting for cheaper domestic destinations over foreign tourist spots. Only 14% of high-income households…
Coroimage | Moment | Getty Images Americans traveling this summer have broadly seen prices fall for airline fares, a welcome trend after last year's sticker shock. But airfare remains more expensive in 2024 for some regions and destinations, largely for trips abroad, data shows. For example, on average, a round-trip flight to Tokyo, Japan —…
Across the United States, downtown business districts are hurting. Many former office workers continue to do a substantial share of their jobs from home, leaving entire blocks without functioning businesses. According to commercial real estate analytics firm CoStar, the U.S. is now saddled with an estimated 1 billion square feet of empty office space—a record high.…
The U.S. dollar soared this week to its highest rate against Japan's yen since 1990. As of Friday, 1 dollar equates to around 157 yen, according to Reuters—the dollar's strongest performance against the Japanese currency in 34 years. By way of comparison, The Motley Fool points out that a dollar was worth about 119 yen…
During the Covid-19 pandemic, while you were optimistically purchasing (and not using) resistance bands for your (unused) home gym (i.e., closet), rich people were apparently buying second homes on Cape Cod in Massachusetts. A subsequent dip in the supply of available properties sent summer rates for short-term vacation rentals soaring in the popular seaside destination.…