The Energy & Environment Alliance has launched a global consultation to develop comprehensive sustainability standards, financial metrics, and valuation practices specifically for the hotel and lodging sector. This initiative aims to provide investors with clear and reliable information on the sustainability performance of hospitality assets.
Elegant Hotel Collection, a renowned luxury hotel group, has partnered with Discover the World (DTW) and HotelREZ to boost its global sales and marketing efforts. This strategic collaboration will initially focus on the U.S. market, expanding opportunities for both Elegant Hotel Collection and HotelREZ’s Best Loved Hotels division. The partnership will leverage DTW’s expertise in sales representation, enhancing brand visibility and generating targeted trade sales for both brands.
Lemon Tree Hotels’ subsidiary, Carnation Hotels, is set to manage a new luxurious hotel in Pune, featuring 117 rooms and top-notch amenities. This strategic move reinforces Lemon Tree’s commitment to expanding its presence in key markets and signifies the company’s strong growth potential in the hospitality sector.
Jim Cramer, host of CNBC’s ‘Mad Money,’ has criticized GameStop’s business model, comparing it to an overvalued SPAC due to its reliance on raising capital despite poor financial performance. Cramer urges the company to present a clear strategy to justify its current stock price.
Boeing is facing a potential strike by 33,000 aircraft assembly workers, who are voting on a contract proposal that includes a 25% pay increase over four years. A strike, starting on Friday if the proposal is rejected, could halt production of Boeing’s top-selling planes and cost the company billions of dollars. The vote comes at a critical time for Boeing, which is struggling with production delays and quality control issues.
Jet2.com, the leading leisure airline, has been awarded the coveted European Airline of the Year title at the Airline Economics Aviation 100 Awards. This recognition highlights the airline’s commitment to exceptional service and its prominent position in the European aviation industry.
The Biden administration is considering blocking the $14.1 billion takeover of United States Steel Corporation by Japanese Nippon Steel, citing potential national security risks. The Committee on Foreign Investment (CFIUS) has yet to make a recommendation on the deal, despite mixed views from stakeholders. The Biden administration, however, remains committed to ensuring U.S. Steel remains under American ownership, while the U.S. State and Defense departments have not agreed with the potential security concerns.
Mohamed El-Erian, Chief Economic Advisor at Allianz, has shed light on key market expectations and pricing ahead of the Federal Reserve’s policy meeting next week. His insights include analysis of interest rate expectations, market pricing, and the Fed’s latest macroeconomic projections.
Anthony Scaramucci, founder of SkyBridge Capital, expressed his gratitude to MicroStrategy co-founder Michael Saylor for writing the foreword to his new book, ‘The Little Book of Bitcoin’. The book aims to guide readers through understanding the impact of digital assets on finance, covering fundamental Bitcoin concepts like blockchain, hashes, and mining.
An Ola Electric showroom in Kalaburagi, Karnataka, was set ablaze by a disgruntled customer who had issues with his new scooter. The company has condemned the act of arson and has filed a police report against the perpetrator, who has been arrested. The incident highlights the importance of addressing customer grievances effectively to prevent such incidents.
