The U.S. travel sector has been surprisingly resilient when it comes to travel. Domestic travel numbers have returned to pre-pandemic levels and air travel has surged even as more than a third of travelers planned to take on debt for summer trips. However, inflation-weary consumers might be taking their money elsewhere when it comes to … Read more
People are increasingly skipping out on trips to Disney’s iconic theme parks, but that’s not holding back the company’s plans of enormous spending to expand the business. Disney offered encouraging updates earlier this month on what’s ahead at its parks and on its cruises as part of its 10-year, $60-billion investment in its experiences businesses. … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on Oct. 4, 2023. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
The next wave of Disney theme park expansion in the U.S. is primed to be in California rather than Florida. It’s a tale of two coasts as the entertainment giant aims to invest $60 billion in its crown jewel parks and cruises over the next decade to help deliver more value to shareholders. In California, … Read more
Visitors wearing emblematic Mickey Mouse and Minnie Mouse ears walk in front of the Sleeping Beauty-inspired castle at Disneyland Paris, Oct. 16, 2023. Ian Langsdon | Afp | Getty Images Three years ago, Josh D’Amaro stood in a nearly empty Disneyland. The California theme park’s Main Street was quiet: no cheery tunes from famed barbershop quartet … Read more
Guests ride a rollercoaster at Six Flags Magic Mountain theme park in Valencia, California, US, on Saturday, Nov. 4, 2023. Eric Thayer | Bloomberg | Getty Images The theme park business, like many others, is consolidating and changing along with consumer habits. In the wake of Covid-19, and as consumers more carefully choose where they’re … Read more
