LVMH purchase gives Belmond a leg up in ultrahigh luxury
This month’s news that high-end hospitality group Belmond had been acquired by Paris-based luxury conglomerate LVMH came as a surprise to most. Industry insiders had predicted Belmond would most likely be snapped up by a larger hotel player or a private equity fund and that parts of the group’s sprawling stable could potentially be sold off piecemeal.
For LVMH, however, the deal provides an expedient inroad into the ultraluxury hospitality space. Belmond’s holdings include 46 hotels, restaurants, trains and river cruise ships across 24 countries, with the Belmond Hotel Cipriani in Venice, 21 Club restaurant in New York and Venice Simplon-Orient-Express train service in Europe being the company’s more well-known assets.
States step up as US shutdown hits tourism
The huddled masses are still able to visit the Statue of Liberty. The Grand Canyon is open for business. The US government says other national parks “will remain as accessible as possible”.
Tourists trekking to parks and historic sites across the US over the weekend saw a mix of impacts from the federal government’s second shutdown in less than a year.
Some attractions are staying open thanks to funding from states and charitable groups.
This holiday travel season is due to be one of the busiest ever. AAA says they predict one in three Americans will be traveling this holiday season.
There are predicted to be a record-breaking 112.5 million travelers taking to the nation’s runways, roads and rails for the year-end holidays.
The anticipated number of holiday travelers is a 4.4 percent increase over last year and the most since AAA has been
On the Giza Plateau outside Cairo, thousands of Egyptians are laboring in the shadow of the pyramids to erect a monument worthy of the pharaohs.
The Grand Egyptian Museum has been under construction for well over a decade and is intended to showcase Egypt’s ancient treasures while drawing tourists to help fund its future development. But the project has been subject to repeated delays, with a “soft opening” planned for next year scrapped in favor of a more triumphant inauguration in 2020. Costs have meanwhile soared from an initial $650 million to well over $1 billion, with most of the financing coming from Japan.Add to Flipboard Magazine.