Significant above the clouds — the rise of stratospheric balloon tourism

A selection of startups are hoping to hoist vacationers to the stratosphere making use of pressurized capsules and substantial fuel-stuffed balloons. CNBC spoke to a few of them, France-dependent Zephalto, Florida-based mostly Place Perspective and Arizona-dependent Environment View. The balloon excursions would not just take passengers all the way into area but the corporations claimed travellers would be capable to expertise the “overview effect,” a prevalent, hugely psychological phenomenon felt by astronauts when they see the earth in opposition to the blackness of space.

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Travelers are taking ‘a more frugal approach’ to summer vacations this year, expert says

May 31, 2025

Klaus Vedfelt | Digitalvision | Getty Images Earlier this spring, consumers were feeling good about their summer vacation prospects. More people were planning to take a trip compared to last year, and summer travel budgets were up, too, according to a new report from Deloitte. But just a few weeks later — after President Donald […]

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Hamptons summer rentals down 30% compared to last year

May 30, 2025

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Squawk on the Street CNBC’s Robert Frank joins ‘Squawk on the Street’ to discuss why rentals in the Hamptons are piling up. 04:25 8 minutes ago Robert Frank Source

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Caviar and privacy: Airlines’ business-class wars are here

May 30, 2025

American Airlines new business-class suite. American Airlines DALLAS — Armed with dollops of caviar and handfuls of Bang & Olufsen headphones, U.S. airlines are duking it out for international business-class dominance. There are even differences between seats in the same cabin. Next week, American Airlines plans to start flying its upgraded business-class “suites” that feature […]