Top Stories
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Royal Caribbean drama: It’s Chairman against large shareholder
DestinationsRoyal Caribbean Ltd.’s largest investor is challenging Chairman and Chief Executive Officer Richard Fain by supporting a plan that could lead to a board shakeup at the second-largest cruise operator. Investors vote today on a non-binding shareholder proposal calling for the elimination of staggered directors’ terms at Miami-based Royal Caribbean. The company opposes the plan, [...]
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Why Las Vegas’ CityCenter resort and gaming complex isn’t a laughing matter
UncategorizedCityCenter never had it easy. MGM Resorts International announced plans to build the $4 billion development in 2004 during the height of Las Vegas’ boom. By the time the project wrapped up four years later, its construction budget had ballooned to almost $10 billion and the city was sinking into a historic recession that almost [...]
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Hedge fund files bankruptcy to dodge lawsuit at landmark-packed hotel unit
UncategorizedBillionaire investor John Paulson has put a real estate unit of his hedge fund into bankruptcy to thwart a lawsuit by a lender that claims it is owed tens of millions of dollars related to the recent sale of several luxury resorts. According to filings late Wednesday in Manhattan bankruptcy court, MSR Hotels & Resorts [...]
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Jumeirah chief slams governments for protecting legacy airlines
TransportThe head of Jumeirah Group, one of the largest hoteliers in Dubai, has criticised governments for protecting national airlines at the expense of the rest of the travel industry. Jumeirah Group president and CEO Gerald Lawless singled out Canada, which has prevented Emirati airlines from landing more than six flights per week into the North [...]
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Chicago Cubs chairman threatens to leave Wrigley if he doesn’t get his way
DestinationsChicago Cubs Chairman Tom Ricketts for the first time threatened to move the team out of Wrigley Field if it doesn’t receive government approval for more signs in the outfield, including a giant video scoreboard. “I’m not sure how anyone is going to stop the signs in the outfield, but if it comes to the [...]
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Hawaii tourism officials suggest small growth in 2013, even with visits rising
DestinationsThe number of visitors coming to Hawaii in the first three months of the year surged 7.1 percent to 2.1 million, but tourism officials said Thursday the industry’s growth will likely slow later in 2013. Nearly 10 percent more travelers arrived in the islands from western U.S. states compared with January through March of last [...]
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Travelzoo notches sluggish growth, pins hopes on hotels
DigitalDeal-site Travelzoo’s largest business region is North America, where the company is feeling pressure as it continues to develop a hotel-booking platform. The company released its first quarter results today, and its operating profit in North America fell 22.5% to $5.5 million on a sluggish revenue increase of 5% to $30.2 million. “The decrease in [...]
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Montana sees new media as the way to reach the next generation of travelers
DestinationsThe way — and amount — Big Sky Country markets itself to potential visitors has changed a lot in 25 years. Back in the 1980s, a magazine ad might have been the best way, or at least the industry standard, to draw new visitors to Montana, but today a smartphone app or snappy Facebook page [...]
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U.S. Coast Guard helps Carnival Triumph after accident in Alabama shipyard
TransportOfficials say a Carnival cruise ship that had been disabled for days in the Gulf of Mexico has broken away from its moorings in a Mobile, Ala. shipyard. The U.S. Coast Guard tweeted Wednesday afternoon that high winds are likely to blame for the Triumph becoming dislodged. Due to strong winds in Mobile, Carnival Triumph, [...]
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American Airlines new design not a done deal post-merger, says incoming CEO
TransportAmerican Airlines shouldn’t let the paint dry on that new livery design: Incoming American CEO Doug Parker, who currently heads US Airways, told employees the livery issue is “one of the integration issues we need to work through…” Remember all that talk in the days before the merger announcement that US Airways was fine with it? [...]
