Tag: tourism

Department of Culture and Tourism – Abu Dhabi to deliver Tourism Strategy 2030, to attract over 39 million visitors and contribute Dhs90 billion to UAE GDP
Travel

Department of Culture and Tourism – Abu Dhabi to deliver Tourism Strategy 2030, to attract over 39 million visitors and contribute Dhs90 billion to UAE GDP

The first pillar, Offering and City Activation, looks to further enhance the overall guest experience by unveiling additional cultural sites, theme parks, retails offerings and new hotel chains. Overall boosting the emirate’s events calendar of year-round concerts, festivals, and family events. The dining landscape will diversify significantly, offering expanded options including the introduction of culinary schools and training programmes. DCT Abu Dhabi will also more than double its Promotion and Marketing efforts, expanding its international reach from 11 to 26 markets and enhancing synergy within Abu Dhabi’s tourism ecosystem. It will also establish strategic global partnerships with media outlets and well-known brands for high-profile collaborations, creating compelling, market-spec...
Choice Hotels Launches Hostile Bid for Wyndham
Money

Choice Hotels Launches Hostile Bid for Wyndham

Updated Dec. 12, 2023 7:05 am ETChoice Hotels is launching a hostile takeover offer for Wyndham Hotels & Resorts, after repeatedly being rebuffed in its effort to strike a friendly deal.Choice on Tuesday unveiled what is called an exchange offer for Wyndham stock, appealing directly to its rival’s shareholders.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
TUI AG Shares Jump on Swing to Profit, Record Revenue
World

TUI AG Shares Jump on Swing to Profit, Record Revenue

Updated Dec. 6, 2023 3:53 am ETTUI AG shares jumped as much as 7.6% in early trade after the company reported a swing to net profit for fiscal 2023 on record revenue and said that it expects revenue for the year ahead to grow at least 10%.Shares at 0806 GMT were up 32.0 pence, or 6.25%, at 544.0 pence, having peaked at 551.54 pence shortly after market open.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family
World

Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family

One week before the NBA touches down in Las Vegas for the final of its inaugural In-Season Tournament, Sin City has forged another link to the hardwood. The family of the late casino mogul Sheldon Adelson has agreed to buy a majority stake in the Dallas Mavericks from entrepreneur Mark Cuban, a source familiar with the deal said Tuesday.Las Vegas Sands disclosed plans by Miriam Adelson, Sheldon Adelson’s widow, to sell an estimated $2 billion in stock in the company, which a regulatory filing said would be “used to fund the purchase of a majority interest in a professional sports franchise…subject to customary league approvals.” NBA reporter Marc Stein first reported that the franchise in question would be the Mavericks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87...
Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family
World

Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family

One week before the NBA touches down in Las Vegas for the final of its inaugural In-Season Tournament, Sin City has forged another link to the hardwood. The family of the late casino mogul Sheldon Adelson has agreed to buy a majority stake in the Dallas Mavericks from entrepreneur Mark Cuban, a source familiar with the deal said Tuesday.Las Vegas Sands disclosed plans by Miriam Adelson, Sheldon Adelson’s widow, to sell an estimated $2 billion in stock in the company, which a regulatory filing said would be “used to fund the purchase of a majority interest in a professional sports franchise…subject to customary league approvals.” NBA reporter Marc Stein first reported that the franchise in question would be the Mavericks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87...
Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels
World

Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels

Another bid by Choice Hotels to strike a deal with Wyndham Hotels & Resorts has fallen flat. After months of on-and-off talks for a deal that would unite two of the biggest budget hotel owners in the country, Wyndham’s board received a letter from Pat Pacious on Nov. 14, in which the Choice chief executive sought to restart negotiations and strike a deal with Wyndham before the end of the year, according to people familiar with the matter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels
Money

Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels

Another bid by Choice Hotels to strike a deal with Wyndham Hotels & Resorts has fallen flat. After months of on-and-off talks for a deal that would unite two of the biggest budget hotel owners in the country, Wyndham’s board received a letter from Pat Pacious on Nov. 14, in which the Choice chief executive sought to restart negotiations and strike a deal with Wyndham before the end of the year, according to people familiar with the matter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Walmart Earnings, Low Fuel Prices Drag on Stocks
Money

Walmart Earnings, Low Fuel Prices Drag on Stocks

Earnings selloffs in Cisco Systems and Walmart pulled down the Dow. But the broader market narrowly overcame those drags as well as tumbling energy shares to keep the November rally going.The S&P 500 added 0.1%. The tech-oriented Nasdaq Composite eked out a smaller gain than that and is now up 9.8% this month. The Dow Jones Industrial Average shed about 0.1%, or 46 points.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Dalton City Council agrees to move money to stormwater, recreation projects | Local News
Money

Dalton City Council agrees to move money to stormwater, recreation projects | Local News

City of Dalton officials have agreed to redirect $6 million from a 2020 bond issue that was originally allocated for a proposed aquatics center to recreation and stormwater projects.City Council members informally agreed to the proposal when they met as the Finance Committee last week. The council members will have to vote to approve any specific contracts.Citing soaring construction costs and large projected operating deficits, the council members voted in October to cancel the aquatics center. The city had budgeted $13 million for the project, with $6 million coming from bond funds.City Administrator Andrew Parker said th...