Luxury
He flies business and first class multiple times a year — all on credit card points
For most travelers, flying in business and first class, especially on international flights, is a once-in-a-lifetime opportunity. A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one. As a result, these cabins are often booked by […]
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Starlink to end the days of spotty Wi-Fi on planes, says Air New Zealand CEO
The days of spotty — or worse, no — Wi-Fi on airplanes are numbered, said Air New Zealand CEO Greg Foran. Reliable and fast Wi-Fi will become “ubiquitous” on full-service carriers, he told “Squawk Box Asia” Friday. But not just any Wi-Fi will do. As airlines race to entice passengers with fast — and ideally free […]
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‘Golden Week’ bookings show Chinese travel preferences are evolving
Outbound travel from China is set to receive a much-anticipated jolt as “Golden Week” bookings show changes in where and why Chinese people are traveling. Buoyed by falling airfares, Chinese travelers are booking more overseas trips for the National Day holiday period, which extends from Oct. 1 to 7, according to Fliggy, a major travel […]
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‘Coolcations’ had another big summer. Here are the places travelers went
Extreme temperatures are driving travelers to seek cooler destinations. And there’s a term for the trend: “coolcations.” Heat waves — which are increasing in frequency, duration and intensity, according to the U.S. Environmental Protection Agency — are affecting where people are choosing to vacation, especially during the hot summer months. “Often, when we think of vacation, […]
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Luxury stocks slip as fears grow of a prolonged downturn
An advertisement for Hugo Boss AG in Shanghai, China, on Wednesday, May 1, 2024. Bloomberg | Bloomberg | Getty Images LONDON — European luxury stocks tumbled Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. Germany’s Hugo Boss was among the worst performers on the Stoxx 600 index by midday, […]
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Gen Z and millennials are increasingly ‘doom spending.’ Here’s what it is and how to stop it
Westend61 | Westend61 | Getty Images Some young people are splashing out on luxuries like travel and designer clothes instead of saving, in a trend that’s being characterized as “doom spending” on social media. Doom spending is when a person mindlessly shops to self-soothe because they feel pessimistic about the economy and their future, according […]
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These are the ’50 best hotels’ in the world for 2024
What has 101 suites and villas, views over Bangkok’s Chao Phraya river and costs from $600 per night? Capella Bangkok, 2024’s ‘best’ hotel in the world, according to ’50 Best.’ That’s the collective view of 600 anonymous global voters, comprising travel journalists, hoteliers and seasoned travel specialists, which determined the results of “The World’s 50 […]
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Rapper Ye is set to perform a controversial show in China this week — and many are wondering why
A Chinese official dropped a bombshell in a news briefing usually reserved for major policy announcements: Ye, formerly known as Kanye West, was set to hold a “listening party” for his new “Vultures” studio album on the Chinese island of Hainan on Sept. 15. To 33-year-old Ziteng Du, a Shanghai-based office worker, and many other […]
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Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030
Colleagues working together in the office. Aja Koska | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are expected to add more than $2 trillion […]
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British luxury icon Burberry dropped from UK’s FTSE 100 stock market index
LONDON, UNITED KINGDOM – 2020/07/16: Storefront of the Burberry store in the prestigious New Bond Street. (Photo by Dave Rushen/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images LONDON — British luxury fashion house Burberry Group dropped out of the U.K.’s FTSE 100 stock market index on Wednesday, as waning sales and […]
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