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Apollo Global Management is betting on a strong return of business conventions once the coronavirus pandemic subsides, a belief reflected in its recent deal with Las Vegas Sands, according to David Sambur, co-lead partner of private equity at the firm. Announced earlier Wednesday, Sands said it will sell the real estate for the Venetian, Palazzo and
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Airline stocks are the most overbought they’ve been in years, chart analyst Matt Maley said Thursday. Travel stocks were swept up by a broader market sell-off in Thursday’s trading session, with airline, hotel and cruise line names paring back after substantial year-to-date rallies. The reversal could mark the start of a larger setback, particularly for
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United Airlines passengers wait in the boarding area for their flights at Denver International Airport in Denver, Colorado. Robert Alexander | Getty Images United Airlines‘ latest ski destinations will be accessible by bus. The Chicago-based airline on March 11 will start offering three-times-a-day bus service from its Denver International Airport hub to Breckenridge, Colorado and
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The hospitality industry has been suffering as tourism dried up during the pandemic, but as Covid vaccine distribution gains headway, Marriott CEO Tony Capuano expects its business to bounce back. “As the vaccine gets widely distributed, we see pretty strong and steady prospects for demand growth,” Capuano told CNBC’s Seema Mody in an interview Wednesday.
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A JetBlue Airways plane taxis next to American Airlines, Delta Air Lines and Alaska Airlines aircraft at Reagan National Airport (DCA) in Arlington, Virginia, on Monday, April 6, 2020. Andrew Harrer | Bloomberg | Getty Images The oil rally is taking jet-fuel along for the ride, posing another headache for airlines still struggling from depressed
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Following the news of his death after a nearly two year battle with pancreatic cancer, several current and former Marriott International employees shared how CEO Arne Sorenson lead with his heart. “I consider Arne’s legacy to Marriott and the hospitality industry as immeasurable. Perhaps one of Arne’s greatest legacies is his principled and gracious leadership, an ‘esprit
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Trivago CFO Axel Hefer Source: Trivago LONDON — The chief executive of European travel booking firm Trivago believes attitudes toward the world’s biggest technology companies have changed. Axel Hefer, who has been at the helm of Trivago for almost five years, told CNBC’s “Squawk Box Europe” Wednesday that there has been a “change in sentiment”
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United Airlines believes you may someday take a small electric aircraft to get to the airport.  The airline is joining other investors backing Archer, a start-up developing electric vertical takeoff and landing aircraft. If Archer can get its eVTOL certified by the Federal Aviation Administration, it expects to deliver the first aircraft in 2024. “It’s
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