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Hyatt Hotels Corp. faced a decline in demand for their all-inclusive resorts in the second quarter, with CEO Mark Hoplamazian attributing it to a “return to pre-pandemic seasonality” in Mexico and the Caribbean. The CFO, Joan Bottarini, mentioned that although the Inclusive Collection portfolio had a strong first quarter with double-digit net package revenue per
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Allegiant Travel Co.’s Sunseeker Resort Charlotte Harbor in Florida is currently experiencing significant financial difficulties. During a recent Q2 earnings call, Allegiant’s executive chairman and outgoing CEO, Maurice Gallagher, disclosed that “all options” are being considered, including the potential sale of the property. The resort is projected to incur a cash loss of around $15
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It was recently reported that Delta Air Lines rejected onsite assistance from CrowdStrike following a massive outage last month that resulted in thousands of flight cancellations. Delta CEO Ed Bastian revealed on CNBC’s “Squawk Box” that the company incurred losses of approximately $500 million due to customer compensation and other costs related to the outage.
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Regent Seven Seas Cruises is set to shake up the cruise industry with an innovative and exciting collaboration with the Aston Martin Aramco Formula One Team. The themed cruise, scheduled for summer 2025, will offer guests a once-in-a-lifetime opportunity to immerse themselves in the world of Formula One racing while enjoying all the luxuries of
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Kraft Natural Cheese has recently rolled out their new line of thick cut restaurant-style cheese, Signature Shreds, to transform ordinary home-cooked meals into gourmet experiences typically found in upscale restaurants. The innovative collection features three initial offerings: Cheddar Blend, Mozzarella Blend, and Mexican Blend, all conveniently packaged in reusable 8oz bags. This latest product launch
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The recent Hurricane Debby, which hit Florida’s Gulf Coast and is now headed up the East Coast, has caused significant disruptions in cruise itineraries. Carnival Cruise Line ships operating out of Tampa and Jacksonville, Florida, have been particularly affected by the storm. The Carnival Paradise, for example, had to delay its return to the Port
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As major airlines like United, Delta, and American Airlines grounded flights on a Friday morning, chaos ensued due to a global IT outage affecting their operations. Eric Napoli, the chief legal officer at AirHelp, described the situation as mass chaos unfolding everywhere, highlighting the incredible bottleneck the shutdown had on numerous flights. This incident left
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Allegiant Travel Co.’s Sunseeker Resort Charlotte Harbor in Florida is currently facing significant financial challenges, as revealed by executive chairman Maurice Gallagher during a recent earnings call. The resort is projected to experience a cash loss of approximately $15 million this year, painting a grim financial picture for the property. With all options, including a
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The Department of Transportation’s Office of Aviation Consumer Protection has initiated an investigation into Delta Airlines’ recent operational crisis. The DOT Secretary, Pete Buttigieg, emphasized the importance of Delta honoring their commitments to customer service and complying with the law. This investigation aims to ensure that Delta’s passengers’ rights are upheld in the wake of
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