Hospitality

China’s strict Covid lockdowns are hurting consumer spending for everything from coffee to sneakers and hotels, weighing on multinationals with a big presence in the country.

Some resort owners think they have found a way to avoid getting stuck with excess inventory when guests cancel at the last minute.

Regulators questioned the billionaire about a federal investigation into his purchases of Activision shares.

The company reported an 81% jump in first-quarter sales to $4.2 billion.

The Las Vegas-based casino operator is pushing to expand online gambling internationally with the purchase of LeoVegas.

Staffing shortages, higher fuel prices and aircraft delivery delays are threatening airlines’ summer rebound while the lodging industry also struggles to staff up to meet the recent surge in travel.

A Miami investment fund is paying $375 million and beginning the process of rebranding the property as a Waldorf Astoria.

Hotels and a casino are proposed by investors and developers as entertainment re-emerges as a source of strength in the New York City neighborhood.

Tourists roll with higher prices for food, hotels and shows on the Strip, including a $32 strawberry daiquiri.

The find could cause delays and modifications to the 75-story Baccarat-branded tower project being developed by Related Group.

More consumer brands including car companies and meal-kit makers are featuring mental wellness in their marketing. As the issue is increasingly destigmatized, companies see an opportunity to connect with consumers.

Slot-machine and game developer’s new name comes after the company shed its lottery and sports-betting businesses to focus on content for casinos and online gambling.

More consumers are hitting theme parks, dining out and booking hotel rooms. “There is a lot of pent-up demand for baseball.”

The hotel chain said demand for business and leisure travel continued to grow in the holiday quarter as vaccination numbers rose and travel curbs eased despite the spread of the Covid-19 variant.

The agreement follows a roughly yearlong effort by the U.S. private-equity giant to acquire the company.

Shares jumped in after-hours trading as the company reported record revenue at its domestic parks and resorts.

This spring, Nicolas Malleville and Francesca Bonato will open a one-suite guesthouse on a private beach in French Polynesia—expanding Coqui Coqui, their hospitality brand and fragrance line, to the South Pacific.

Extended stay hotels have weathered the Covid-19 downturn better than other hotels, as more travelers seek extra space and longer stays; investors like the plush profit margins.

Property investors bet big last year on apartment buildings, warehouses and on U.S. growth shifting to the Sunbelt.

The government unveiled full legislation aimed at protecting national security and thwarting illegal money flows through the gambling hub.