• Hotels: Occupancy Rate decreased Year-over-Year

    5 days ago - By Calculated Risk

    From HotelNewsNow.com: STR: US hotel results for week ending 7 July
    The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 1-7 July 2018, according to data from STR.
    In comparison with the week of 2-8 July 2017, the industry recorded the following:
    • Occupancy: -3.1% to 63.5%
    • Average daily rate : +1.1% to US$123.59
    • Revenue per available room : -2.0% to US$78.47
    STR analysts note that occupancy declines were mostly a result of the Fourth of July holiday, especially early in the week.
    emphasis added The following graph shows...
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  • Luxury Market Swells With $1 Million-Plus Sales

    Luxury Market Swells With $1 Million-Plus Sales

    5 days ago - By RIS Media

    The demand for luxury is staggering.
    According to the latest Luxury Home Index by realtor.com ®, $1 million-plus transactions are up 25 percent year-over-year, with the average property snapped up in 105 days-a tightening window.
    “Continued growth in high-paying jobs and stock market inertia have reignited many luxury markets this year,” says Javier Vivas, director of Economic Research for realtor.com. “We've seen a substantial increase in buyer demand for high-end homes-even with prices and costs of ownership swiftly on the rise.”
    According to the Index (which analyzed 91 counties in the...
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  • A 22-year-old Instagram star is accused of stealing $62,550 from fans after allegedly tricking them into giving their bank information

    A 22-year-old Instagram star is accused of stealing $62,550 from fans after allegedly tricking them into giving their bank information

    5 days ago - By Business Insider

    A social media star and rapper known as Young Ash is accused of stealing from her fans after allegedly tricking them into giving her their bank information, The New York Post reported.
    Authorities say 22-year-old Ashley Bautista posted photos of wads of cash on social media and encouraged followers to contact her if they wanted to make fast money .
    She is accused of working with five others to use fans' information to forge checks and withdraw cash from ATMs.
    Bautista was arrested in New York City this week and pleaded not guilty to grand larceny.
    A 22-year-old social media star and rapper...
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  • Bustle Owner Bryan Goldberg Buys Gawker.com In Bankruptcy Auction

    Bustle Owner Bryan Goldberg Buys Gawker.com In Bankruptcy Auction

    5 days ago - By Huffington Post

    During its tenure, Gawker referred to the Bustle CEO as an “a**hole” and a “self-serving misogynist.”
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  • The 35-year-old founder of Bustle and Bleacher Report reportedly just bought Gawker.com for $1.35 million, and Hulk Hogan is entitled to a cut of the sale

    The 35-year-old founder of Bustle and Bleacher Report reportedly just bought Gawker.com for $1.35 million, and Hulk Hogan is entitled to a cut of the sale

    5 days ago - By Business Insider

    The defunct gossip blog Gawker.com has a new owner.
    Bustle and Bleacher Report founder Bryan Goldberg put in the winning $1.35 million bid for the website in an auction held Thursday in Manhattan, according to the Wall Street Journal.
    Gawker.com shuttered in August 2016 after a lawsuit filed by Hulk Hogan and funded by Peter Thiel bankrupted its publisher, Gawker Media.
    Hogan is reportedly entitled to as much as 45% of the sale price.
    Nearly two years after a legal battle with Hulk Hogan and Peter Thiel shuttered Gawker.com, the storied and snarky gossip blog has a new owner.
    Rights to the...
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