Podcasts about ADR

Join us for episode 495 of the Theme Park Trader Podcast! Guests DESTROY Beak and Barrel & BaseLine Tap House in this week's episode of Theme Park Trader! But first — is table service dining dying at Walt Disney World? With guests now dropping serious money on Lightning Lane Multi Pass and Premier Pass before they even step through the gates, more and more visitors are skipping sit-down restaurants altogether. So is Disney's answer to grab those lost guest dollars... bars and lounges? We dig into why spots like The Beak and Barrel and BaseLine Tap House might be exactly where Disney wants you spending instead — lower commitment than a two-hour ADR, no huge kitchen overhead, and premium-priced drinks with a themed backdrop. Then it's time for the main event: we read the most BRUTAL guest reviews of Magic Kingdom's pirate lounge The Beak and Barrel and Hollywood Studios' BaseLine Tap House. From "a tavern full of disappointment" to complaints about pricing, portions, queues and theming that didn't live up to the hype — nobody is safe. Do you agree with the reviews? Have you visited either lounge? Let us know in the comments!

全球AI晶片股掀起修正潮。不過外媒分析指出，不論何種晶片架構勝出都高度依賴先進製程，讓台積電成為市場的唯一希望。雖然台積電最新公布的第2季淨利大幅超越預期，但因為調高資本支出引發市場對支出過度敏感的負面解讀，導致台積電ADR利多出盡、應聲重挫。加入會員，支持節目： https://globalhashtagnews.firstory.io/join留言告訴我你對這一集的想法： https://open.firstory.me/user/cku2d315gwbbo0947nezjmg86/commentsYT收看《寰宇全視界》

今秋跟著楓紅展開最動人的旅程~ 日本紅葉祭限定！漫遊河口湖紅葉迴廊，或登上東北藏王紅葉纜車飽覽山林秋色 韓國賞紅葉x銀杏，韓服漫遊景福宮感受秋日浪漫 美加東必追楓葉大道，走訪尼加拉瀑布沉醉最美楓景 限量團位，快搜尋「可樂旅遊」與你分享世界的美好~ https://sofm.pse.is/9cpjfm －－－－以上為 SoundOn 動態廣告－－－－

今秋跟著楓紅展開最動人的旅程~ 日本紅葉祭限定！漫遊河口湖紅葉迴廊，或登上東北藏王紅葉纜車飽覽山林秋色 韓國賞紅葉x銀杏，韓服漫遊景福宮感受秋日浪漫 美加東必追楓葉大道，走訪尼加拉瀑布沉醉最美楓景 限量團位，快搜尋「可樂旅遊」與你分享世界的美好~ https://sofm.pse.is/9c8bxr －－－－以上為 SoundOn 動態廣告－－－－

The first half of 2026 is in the books—and the latest data is telling a much stronger story than many expected. In this episode of The STR Data Lab, AirDNA CEO Rohit sits down with economist Bram Gallagher to break down June's performance, the impact of the FIFA World Cup on short-term rentals, and why existing hosts may be entering one of the strongest competitive positions they've seen in years.From record ADR gains and rising pricing power to slowing supply growth and stronger-than-expected travel demand, Bram explains why the industry's fundamentals remain healthy despite ongoing macroeconomic uncertainty. They also unpack which markets truly benefited from the World Cup, why many bookings arrived at the last minute, and what hosts should expect as the industry heads into a promising second half of 2026.Whether you're managing one property or scaling a portfolio, this episode offers practical insights into pricing strategy, market timing, and where future demand is likely to emerge. Plus, Bram shares the biggest risks he's watching—and why he's still optimistic about what's ahead.You don't want to miss this episode!Key TakeawaysEstablished hosts are gaining pricing power. AirDNA's Repeat Rent Index climbed 6.8% year over year, showing experienced operators are raising rates well above inflation thanks to reviews, repeat guests, and stronger market positioning.The FIFA World Cup delivered for hosts. Most host cities experienced meaningful demand increases and ADR growth exceeding 30%, with many bookings arriving just days before matches—reinforcing the importance of staying patient with pricing.New supply is slowing dramatically. Listing growth has fallen below 2% for the first time since the pandemic as higher mortgage rates discourage new investors, creating a more favorable environment for existing hosts.Demand is expanding beyond major cities. Smaller cities and rural destinations continue attracting travelers, proving that guests are seeking unique experiences beyond traditional urban markets.The second half of 2026 is shaping up well. Easier year-over-year comparisons, strong event calendars, healthy pricing trends, and slowing supply point toward improving occupancy and continued revenue growth for hosts.Sign up for AirDNA for FREE

今秋跟著楓紅展開最動人的旅程~ 日本紅葉祭限定！漫遊河口湖紅葉迴廊，或登上東北藏王紅葉纜車飽覽山林秋色 韓國賞紅葉x銀杏，韓服漫遊景福宮感受秋日浪漫 美加東必追楓葉大道，走訪尼加拉瀑布沉醉最美楓景 限量團位，快搜尋「可樂旅遊」與你分享世界的美好~ https://sofm.pse.is/9c4tej －－－－以上為 SoundOn 動態廣告－－－－

Tune in the latest Suite Spot episode as special guests, Dave Jacoby, Founder/Owner of Hotel Lucine and Kaleigh Wiese, Founder and CEO of Ode Places, take a moment to discuss the independent and boutique hotel landscape and the 2026 Independent Hotel Show Miami in this episode for the Suite Spot Independent Hotel Show Series. Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. I’m your host, Ryan Embree. Hello everyone. Welcome to another episode of the Suite Spot podcast. This is your host, Ryan Embree, here with another episode of our Independent Hotel Show series. This is season two. We’ve done quite a number of these independent hotel show series episodes, but this is the first one where we’ve got multiple guests. So I’m excited to bring them both in today. First with me, Dave Jacoby, founder and owner of Hotel Lucine, and Kaleigh Weise, founder and CEO of Ode Places. Dave, Kaleigh, thank you so much for being with me today. Dave Jacoby: So excited. Thanks for having us. Kaleigh Weise: What a way to kick off the independent hotel show. Dave and I got to share the stage last year. Dave Jacoby: We did. Kaleigh Weise: And I feel like we could have talked for a million more hours. And we’re friends, but also we’ve worked together, so I feel like I’m excited to be on together. Ryan Embree: Alright, well this is awesome. I’m excited. We’ll, we won’t be able to speak for a million hours, but we’ll definitely have some time today. And I’m excited, but as tradition here in the Suite Spot, one of the wonderful things about our industry and hospitality is people come from all different walks of life to get into our industry. Sometimes you fall into it with a summer job, sometimes you start as a bellman. Like myself, we love to hear these stories. We live and breathe these stories in hospitality and share them with others. So let’s start by just a proper introduction and maybe your hospitality journeys that led you to your respective positions. Kaleigh, let’s start with you. Kaleigh Weise: Yeah. Well, there’s a lot to unpack here. So if you see me at the show, come find me. I have been self-employed by whole entire career, and I have always been obsessed with the form and function of business. Like, how do you have a brand that really resonates despite, you know, I see your brand is like a lighthouse, right? Like, how are you attracting the right people? But also at the end of the day, like that business has to be incredibly healthy. And then you layer on a hotel, which is a 24/7 breathing company. And so how do you make sure that you have the longevity with systems and processes and you have a brand that continues to resonate as the years develop. And so I got my start serving in essentially helping brand and position and help with coaching for hospitality and service-based businesses. And then that naturally led into places where people slept, right? So I actually was working with event venues for a long time and when we got into the lodging conversation, I was like, now this is fascinating, a one time event versus like, keeping this up 24/7, what does that look like? And so we, I started out places essentially in 2018 after being in Northern California in the Santa Cruz Redwoods, we got to support a property out there. And I was like, the resonance that I got to feel to plant seeds of purpose into the land there of those 80 acres and understanding the choices we made would affect short-term and long-term generations really put me on a trajectory where that’s where I’ve committed my work so far. Ryan Embree: Really cool origin story there. And a lot of parallels from the event industry to hospitality and lodging. So, Dave, what about you? Dave Jacoby: Yeah, thanks. So I’m born and raised in Philadelphia, but somehow I ended up in Galveston, Texas, so I did not have that on my bingo card growing up. But here I am, out of college, worked in some finance and kind of hotel development related positions. First in New York City, then went to graduate school, then moved to Las Vegas and actually was in the casino space. But throughout that whole kind of portion of my journey was developing projects that were other people’s ideas and kind of on behalf of others, even though, you know, in Vegas, for example, I led development and opening up a resort there, moved to Galveston, where my wife is from. And my family’s now based in 2016. And just felt like I fell in love with Galveston, but felt like Galveston needed a slightly different hospitality experience here. Something with a little more soul that matched the soul that this whole town has. But the hospitality offerings that I didn’t feel like harnessed that soul really well, yet found an old kind of out of favor motel on the beach and figured out a way to acquire it and came up with a brand and a design and a team that we put together. And it’s been a labor of love and, you know, blood, sweat and tears sometimes, but a lot of smiles and happiness too. And we’re going on three years open, so, okay, that’s kind of how I got here. Ryan Embree: That’s like the America, the hotel American dream, what you’re doing right now. And listen, I went to school for hospitality and I think just this conversation already between the event management, hospitality, the gaming that you’ve included. I mean, this is like hospitality management 101 through the experiences, but certainly a familiar one where you’re bouncing around. But it sounds like you found your home there in Galveston. I was really excited about this conversation because it’s very rare I get to talk to two guests that have kind of built their brands from the ground up, right? And I think this is a challenge and a task that especially independent hoteliers have to kind of face and building their story and building a brand that resonates with travelers, especially today. So how important is branding and storytelling to connect with guests? Because I think that is what independent hotels strive to do is create this connection that might be missing right now and, you know, really hopefully leads to loyalty in the future. And what maybe advice would you share from your own personal kind of branding journeys? Dave, we’ll start with you and then go to Kaleigh. Dave Jacoby: The brand is so central to what we’re doing. We sort of started with that brand identity, and I use the term identity not as like a business jargon term, but it really is an identity. We personified our brand and there are still decisions that we’ll make where we have this fictitious Aunt Lucine that we will use as a muse for decisions we make around property. And it’s sort of a guiding light for us. But, I think the concept of kind of personifying your brand really helps make it make sense, at least for me. So, I look at how do we connect with our guests? I really look at how we connect with our local community and use that as the window in to our guests with the kind of overriding assumption that if our whole town and local surrounding population considers us part of the fabric of that neighborhood, that the outsiders will, that authenticity will come through. Outsiders will see that that’s where they’ll want to stay. So then, back to the personification of it, just like in your personal life, if you are friends with a group of people, you need to add something to that group and you need to then take something back from that group. So I sort of look at Galveston as the environment here is like a play. And instead of us coming in and saying, well, what is everyone else doing, we’ll do that too. So that we fit in saying, well, how do we add a new main character to the cast here? And I sort of look at it that way. And so what are we adding that’s different, but how does it fit into and, and be complimentary with everything around it? And that’s, that’s kind of how we, we looked at how we fit in and what we offer to our guests both, as, you know, overnight hotel guests and local community that might eat, drink, hang out with us. Ryan Embree: Kaleigh? Kaleigh Weise: Well, I wanna also compliment Dave and Keith have done such a phenomenal job at Hotel Lucine that they have a brand bible, if you will. And I think that it is a testament to how the vision casting of Aunt Lucine infiltrates, the purchases that they make for design, the plants, the employees, the uniforms, how they want them to talk and walk, and all of that alignment I think resonates really well with attracting the right talent, but also attracting the right guests. And so I think having intentionality, I always say, your brand is what other people say it is. So we have to remember that we have control over how we position our brands and what we want. So I think intentionality is first, which I think Hotel Stein does. On the flip side of that, I think we have to be realistic about who is traveling and who is coming to the hotel or who is also the consumer. Obviously on the B2B side, I usually like to pick three to five different personas, and I think that that helps shape making decisions. We have a property we’re working with right now that is on 12 acres. There’s 43 cabins. It’s primarily outside, right? It’s like, okay, who is the ideal person who’s looking for a property like this? And I think the clearer that you can get with that, it helps you understand where your revenue programming is gonna come for, like, come from. It helps you understand like where you should put costs. Like do they care about the amenities? Do they care about the soap? Do they want a robe in the room? And I think sometimes we make decisions that are too close to maybe how we would like to travel or what we think is best, and we forget what our guests might be looking for, which then leads to greater revenue opportunities and better residents that leads to people wanting to come back because they feel like they belong there, right? Like that was created for them. So that’s kind of the flip side of I think knowing who you are, but knowing who your guest is is equally as important. Ryan Embree: Yeah, a hundred percent. And there’s, I mean, guests are leaving us clues constantly on who they are based on online feedback, social media posts, reviews, there’s so many things. Even just a day-to-day conversations, you would be surprised, a tip that everyone gets, you know, you wanna know, you wanna learn about what guests think about you, just hang out in your lobby for a couple minutes during breakfast and just hear the conversations about what people are saying about their stay. But Dave, I loved your point there about talking about being embedded in the local community because you think about people that really prioritize a unique experience in the independent hotel space, which they’re independent hotels are so positioned to do, if you don’t become a part of your community, they’re looking for that unique kind of experience that only an independent hotel can provide them. If you’re really embracing your local community and sharing those same kind of aspects of it’s gonna hopefully resonate with that traveler. And then hopefully they amplify that story a little bit in some of the ways that I was talking about. But one of the things we’re gonna talk about the independent hotel show in a second in September, very excited about that. But one of the things that I love about that show is sometimes as independent hotels, you might feel a little bit like you’re on an island because you don’t have that big brand behind you, right? So getting a bunch of independent hoteliers together, you hear about some of the challenges that are going on right now. And unfortunately right now there’s a lot of noise in our industry. Economic shift, geopolitical factors, rising operational costs and margins are very thin, can be challenging for independent hoteliers. Where do you guys see opportunity right now? Because independent hotels are always looking for that little bit of edge. Where do you see opportunity right now in the state of this industry and maybe where do you see some shared challenges that we have to kind of battle as an industry for independent hotelilers? Kaleigh, let’s start with you and then maybe Dave you could zoom in maybe a little bit more on your property and market. Kaleigh Weise: I think the biggest thing that I’m seeing is, I talk about all these revenue drivers as like little dials. We get to tweak and twist, right? And I think that through some of the impacts that we’re having that are things that are outside of our control, right? There’s only so much we can do with some of these things. There are a few things that you actually can kind of take control over. And I think that investing more in the community and finding opportunities to drive revenue with the people who are in your local area who maybe aren’t traveling for the summer or fall or Christmas or whatever that might be through that event programming, it is not uncommon for us to go into a independent hotel and they haven’t really ever thought about events, especially if they’re under, let’s say 60 keys. Even 20 to 40 or 80 is a great number because you have an opportunity to having a full buyout, or you can have 40th birthday parties or a wedding or something like that. And that can be a huge revenue driver. And so I think as we look at shifts that are happening with, you know, the average event or wedding right now is booking a hundred or event is booking 120 days out. I think the average wedding is booking somewhere between nine and and 14 months out. You can start forecasting revenue a little bit more in control and then focusing on your rooms and your distribution in shorter term pickup opportunities. And so I think understanding where are all of your revenue drivers? What do you have control over? What do you not have control over? And where are, maybe there are opportunities that will be very low lift to you to be able to fill dates and have revenue coming in ways that haven’t been the pickup that you anticipated. Ryan Embree: yeah, and food and beverage, huge opportunity and doesn’t, you’re absolutely right, Kaleigh. It doesn’t necessarily need to be travelers from outside of your market all the time. The hotel restaurant, I feel like has got a bad rap for the last decade or so, but it is turning around, right? And it’s a place where people want to be. It’s a social setting where when people come, you might be hosting people and for the holidays or what have you, and you might find yourself at a hotel restaurant even if they’re not staying there. So it’s certainly a shift in what’s happening right now, but especially for independent hotels. Dave, what about you? What have you kind of seen in your market and maybe any creative solutions for some of these challenges right now? Dave Jacoby: I mean, I’ll sort of piggyback off of what Kaleigh said a little bit there, but it’s events and Kaleigh has sort of focused on booking events from, you know, outside groups. I’ll sort of look at it more as your internal event programming I think is also really important. And, and that’s, and it’s our kind of best way that we use to connect with our local community. And what that event programming is can be so many different things. It sort of depends who you are, who is in your community, and how do you fit into your community, what do you offer? So kind of when I talked about earlier, need to offer something back to your community that you’re in, for us that means a lot of live music. We’re very plugged into the local live music scene and we have a great curated music program every weekend night, all year long. And then in the summer we have a series called Sunset and Sounds, which is sort of larger bands that are touring. Some are touring the U.S. Some are based in Austin or elsewhere in Texas, and they come down to hotel scene and we put on free shows for hotel guests, the community, whoever wants to go. We do wellness events and that might be cold plunges or sound baths. We’ll partner with local organizations that wanna do fundraisers or other events. And it’s just a way to activate the space. It’s a way for people that are not from your town to have a experience where they feel like they’re integrated into what’s happening in that community. It’s a little more interesting for them as a visitor. And if you’re staying at a large chain hotel down the street or in another market, they just can’t deliver that. They don’t have the people, enough people with decision making power that are in the community that are focused on that. It’s just not the way they’re built. So that’s really the advantage I think independents do have over the larger chain hotels. We might not have the distribution systems and some of the other marketing spend, but we do have the ability to deliver on a day-to-day basis and experience that’s just different than what those larger hotels can. Kaleigh Weise: And I would like to comment that, you know, we’re seeing data around three hour drives being really hot, right? So I think sometimes you think you’re marketing to the next nearest city or, you know, looking for that destination destination visitor. I think really thinking about who are those markets that are within a three hour drive that are easy pickup for you once they know that you exist and you’ve again pointed your lighthouse of your marketing and branding in their direction, I think that’s a wonderful way to pick up opportunities for guests and community and events and things like that. Ryan Embree: Hey, I am the father of a 5 and a 3-year-old. And let me tell you, I’m a huge proponent of the three hour trip because that’s about as far as I can get before all of us go a little crazy. So you, you can bet I’m definitely looking for those opportunities to get out there and have that type of experience that Dave, you know, it’s around this time of year when we’re I’m talking to independent hotels that I get so inspired because the freedom of having an independent hotel and the activations and programming that you can put on, I think sometimes independent hotels, because they see some of these big branded hotels not doing some of this programming. They think should I be doing it? And it’s maybe because they have so much red tape in their branding, they have to get approval from, legal or their brand to actually run these things that they’re just not doing it. So it’s such an opportunity, and again, I get so inspired to kind of see that because the way the ingenuity that these independent hoteliers have is just, it’s second to none in our industry. It’s really creating a very cool experience, which is now being showcased and highlighted easier than ever via social media and reviews. So as we talk about industry trends, I wanna see, Kaleigh, you were talking about the three hour trip, right? Wellness is a big one, f &b, what are some of these maybe traveler trends that you’re starting to see bubble up and emerge right now? And how can independent hotels capitalize on these trends and over maybe branded competitors? Dave, you want to start maybe any trends that you’re noticing in your market in Galveston? Dave Jacoby: I’d say one might be the, and to use a buzzword here, the bleisure trends or the business leisure trends. So we will find, sometimes we’ll get small groups, maybe it’s a board or a small creative agency or something like that, that will come and have an offsite with us. And it’s partially meant to be used as a brainstorming session or some obvious business function to their meeting. But it’s also a time to hang out. Some of these groups might bring spouses with them or there might be a business component and then they’ll stay for the weekend and then it’s a little more freeform or social at that point. Or I’ll sort of see this bleisure happen from the other direction where someone will say, Hey, I want to come for a weekend and be at the beach, but why not come on Wednesday night and I’ll stay and I’ll just, I work from home anyway. That’s become so much more acceptable for all or part of the week for so many people. What does it matter if I work from home, from home home or from a hotel or a hotel lobby where I’ve got coffee? And it can be tended to. So we sort of see leisure trips happen in both those directions where the, the work kind of lends a little more leisure and the leisure lends a little more work. Kaleigh Weise: We also have a great living room for people to work and hang out and stay and enjoy beachside. Dave Jacoby: We do, we do. I sit in there often and you’re, and you’re right that it is when I overhear what people are saying about the hotel, I do my work, but I also eave drop and pop in on people and help out with things. Ryan Embree: It’s funny ’cause you know, modern day design for hotels now are accommodating for that. They know that the flexible workspace and they’re building lobby common areas a little bit larger or maybe even not so siloed so that people can mingle, interact, but also have some spaces to work from. So certainly a trend there. Kaylee, what are you seeing maybe from, as you zoom out? Kaleigh Weise: I mean I think experiences and add-ons are something that I continue to be surprised by. So if I’m the North American Ambassador for Muse, so I of course love Muse, but also cloud beds and stay in touch and all of, like, they all offer these add-on options where a guest during checkout or pre-arrival, they can add that early check-in. I’m blown away by the amount of people who opt into that $35 pre-check in or wanna add a bottle of wine to the room. Like those little details, it’s so helpful when they’re coming to have that reminder that we can make this a more customized stay for you. And so I think the sweet spot is no more than seven upsell opportunities. But I think that that even bleeds into, I know when we were helping with Hotel Lucine I’d ideate on some of these things, it’s like they ended up doing pop-up dinners on the balconies of their rooms and adding, I forget, a couple hundred dollars right? Or picnic baskets that people could take offsite. And I think people are hungry for having that almost like travel agent like experience where if the property can customize an itinerary for them or enhancements for their stay, I think they’re very excited and eager to be able to take advantage of that. So I think that’s a trend that’s happening and desirable, but something that I see a lot of independent hoteliers are stuck in the day to day and maybe not adding the attention that they could that will see the revenue that really is low hanging fruit out there. Dave Jacoby: Kaleigh’s so good at that. I mean she helped us with that as she mentioned, but she’s got this ability to kind of come in and just see what’s going on every day and she’s not seeing anything you don’t see immediately. But then she also sees these other opportunities of ways to personalize the guest experience in a way that you’re happy to do and isn’t a heavy lift for you and the guest is happy to pay for. And it’s just such a win-win. It’s almost like you get the surprise and delight moment right outta the gates and the guest pays for it too. It’s a great, it’s a great combo. Kaleigh Weise: Just a matter of training the staff and getting in on the website. Ryan Embree: That’s right. Very important. Get the buy-in from the staff. But you mentioned that word personalized. I mean that’s what we’ve been striving for in this industry for a long time. Personalization and with the rise of technology and AI like I put here, it’s not a podcast in 2026 if we don’t use those words. I don’t think I anybody would listen if we don’t talk about that or that buzzword. But I do wanna talk about it because I think especially with independent hotels, they might be more excited than most because it could figure out a way they could use AI and technology to maybe shrink the difference or find that edge against a branded competitor and maybe not feel so, you know, just David versus Goliath in that sense. So Kaleigh, have you kind of seen any competitive or creative uses of technology and AI in the industry, especially with independent hotels? And then maybe Dave you could share a little bit of your thoughts as well. Kaleigh Weise: I definitely see us being in a bit of a purgatory and as I’m talking about this, I’m thinking fast forward a year from now and I think agentic agents are at our fingertips for having access to supportive administrative help. And I see what Muse is working on behind the scenes and it’s like we’re gonna be living in a very different operational world. In I think all the best ways. And when I think about the future of an org chart at a small independent property where you have to get stuck in the day-to-day right now planning and preparing for guests and double checking things like being able to be synced in when Uber’s about to when Uber’s about to drop off your guest. And being able to be prepared with that timing. I think we’re gonna see our front desk admin become hosts for the first time and really have the time and empowerment to be able to greet them with the level of detail and customization. I also think the automations, I think we’re gonna snap that into being just such a helpful tool to ask the right questions or personalize the spaces. So I think currently it’s very challenging, let’s say for an independent hotel to offer a pillow menu, if you will, for the right pillows that that guest is gonna want. But I think in the future we’re gonna be able to have the opportunity for putting a time and attention into creating experiences that guest deserves that’s customized based on various preferences or interactions. And so I think it’s a really exciting time for actually hospitality to take back the spotlight. And that’s why people join this industry, right? Is they love hosting people and giving people experiences. And I think sometimes the admin takes away from that, you know? And I think that it’s gonna allow us to be more competitive when it comes to distribution. All of us didn’t go to school to be revenue managers, right? And I think that is a, that is a calculated game that to be able to have tools that can help support us and making sure that we’re optimizing the proper ADR and and pickup cost to be able to book our occupancy moving forward. I think it’s a really exciting time. I think we’re just in the purgatory of it right now. It’s like at our fingertips, but we’re not quite there. But I think about a year from now, things are gonna feel like it’s restabilizing in a really exciting way. Ryan Embree: So Dave, from an owner’s per perspective, you’ve, you just talked about how carefully you’ve kind of curated and built this incredible experience at Hotel Lucine. What is your thoughts on when you think about implementing technology or, or some sort of new AI initiative into the guest experience and how you make sure that doesn’t impact your brand too much? Dave Jacoby: I like the term Kaleigh used about purgatory. I don’t think we’re quite there yet. If you look at the amount of, certainly in the independent space, useful applications of AI in the day-to-day life versus the amount of words in print publications about AI, it’s a massive imbalance there. To me, the right ways that AI can be implemented are ways that are invisible to the guests. So the example Kaleigh was using is one that we’re, I’m rolling out actually now in kind of bits and pieces is how do you use AI to improve your day-to-day workflow? And for me, if it’s, I can unleash it on my Google drive and have it pull a bunch of information and synthesize it and put report together for that I can then give to our team. We’ve got better data and that would’ve taken me three hours, but I let it run in the background for 10 minutes and it’s done. You know, things like that to get better insights on your business, that can be done. Now, to the extent we can use AI to free up front desk agents, I’m working through a specific protocol on that now, just to get all the, what’s your pet policy, what time is check? And we just get so many emails that are repetitive in nature to answer. And the front desk agent isn’t always on top of it. Sometimes they’re doing other things, and I’d rather they be eyeball to eyeball with a guest acting as a host or hostess to the people that come in and providing person to person hospitality and not in the computer. We can free that up. You can do that now. So it’s a matter of just setting the systems up and taking the time to do it. And you can set it up with as much automation or oversight as you want to do, but it’s a matter of taking the time to actually do it so that you can free up those personal interactions. Because that’s where we as independent hotels, I think are, that’s what we people come to us for, is for that personalized touch and feeling like they’re having a human interaction and they’re not at a big corporate commoditized hotel. So we wanna give them that as much as we can. Kaleigh Weise: And I mean, I think human-centric is so important. I think we can, we can still remain to have a human-centric business with these tools. I hear all the time people feel like they’re so behind with using AI. And I guess even for those listeners today, I think you can relinquish the shame because the speed in which AI is gonna continue to grow is gonna continue to grow. And I think the application of that, depending on what market you’re in, what tools you’re using, I think if you can focus on one implementation thing that’s gonna actually help you serve your guests better, you’re not behind. It’s really just pacing that is right for your team, for your guests, and what’s gonna be right for you. But also don’t be afraid of it. Like, I think that there’s a lot of exciting things and tools that are only gonna be able to support us as an industry. Ryan Embree: My big bold prediction is that I think the GM of the next couple years is actually gonna look a lot more like maybe the GM of 20, 30 years ago before all of that kind of work that what we traditionally thought a GM had to do with reports and all of these things that actually some of those desk jockeying kind of tasks, AI can, agentic AI could potentially take care of for you. And then you get back to kind of doing what both of you described as, you know, that face-to-face human interaction. So what I’m hoping is that, you know, a lot of this technology actually kind of causes more of our service driven people and hospitality professionals to kind of rise to the top and create some really cool, memorable experiences and maybe just get that service back to where it was. Because it just feels like there’s some aspects of it in some hotels where it just, we completely missed the mark. So that’s my, maybe that’s me being a litte too, but that’s, that’s my 2 cents and what I hope happens. Dave Jacoby: No, no, I think that makes a lot of sense. And I thought of one other great application for independent hoteliers for AI. We don’t have an in-house IT guy. We don’t have an in-house like maintenance tech. We’re just not big enough to carry those positions. But you can go to your, claude, chatGPT, whatever it is, and say, why did my TV turn on three times in the middle of the night by itself in room 212 last night? True story, this happened and the guest was upset. And then I explained what my systems are and how they work and what they can, you give it a little bit of input information, it’ll help you diagnose. I haven’t yet tried the recommendation ’cause I’m on here talking to you guys. But there are all kinds of solutions you can ask for help for and they might not be right, but before you’re spending money to call out an HVAC technician, find somebody who can handle whatever this one specific system you have is and can service that you can troubleshoot a lot of these things and 60, 70% of these things you can fix on your own because it’ll walk you through it. It’s really a helpful way to save money. And that also helps guests experience, right? Because now if that TV’s not turning on three times middle of the night for that guest tomorrow night, she’ll be happy. Ryan Embree: Love it. Yeah. There we go. Just claude gonna be employee of the, of the week over there at Hotel Lucine every week If we get that figured out. But I do wanna shift our attention to the reason we, you know, started this series, the Independent Hotel Show this year happening September 16th and 17th in Miami Beach. We could not be more excited. And for our Suite Spot listeners, don’t forget to use promo code Ryan26 for a complimentary registration. Dave, you’re on the advisory board and Kaleigh, you’re a brand ambassador like myself. We were on a call talking about the show just the other day. I wanna get your thoughts on what inspired you to get involved with this event and maybe some of your personal favorite aspects of the show. So Kaleigh, let’s start with you and then Dave, you can answer. Kaleigh Weise: I have been an active conference goer my whole career, right? Like a little bit of hustling, a little bit of gorilla marketing. And when I look back at the growth and success in my career, it really comes down to the thin threads and the people that I meet. And I think to have an opportunity to pull up a seat at the table for independent hoteliers who do feel very isolated most of the time, right? They don’t have any other friends who have independent hotels to call. They feel like they’re stuck in the day to day. This will be the fourth year. And I’ve been able to be a part all four years. And I think it’s really exciting to even meet back up every year and hear about the growth that each person is experiencing, but also what’s working in their market and not, and just because you’re in Boston or you’re in Galveston or you’re in Monterey, California, you’re gonna find that you have more the same than different when it comes to the day-to-day challenges of operating a business or being able to get in front of the right guests that you know that you deserve, that are paying the price point that you want. And so to have an opportunity to hear what’s relevant in terms of content, but also talk with other people is just invaluable. And so I continue to be really excited about the niche of, you know, the subsegment. The industry is so large in lodging and we really haven’t had a place until the Independent Hotel Show that gathers this segment of people who are doing it. Owner operated and small with a passion. Ryan Embree: Agreed. Agreed. Yeah. Passion is is a word we hear a lot at that show. Because you can just see, I mean these are, you guys are both founders like I mentioned before. I mean the passion behind your brand, the storytelling makes such a huge difference. And to have that much energy and a place Miami Beach of all places, right? One of the independent hotel capital of the world, to see and hear all of that is a truly a memorable experience. Dave what about yourself? Dave Jacoby: Yeah, so unlike Kaleigh, I do not go to a lot of conferences. It’s not generally my thing, but I’ve been into this show and really loved it. I loved how we mentioned earlier how a lot of independent hoteliers haven’t really had a lot of places to congregate and kind of coalesce their thoughts together. I found the panels awesome, even the ones that I was like, well that’s doesn’t really touch what I do in my day to day, but I’m here so I’ll listen. All of them. I found really interesting. More than that, it was just the people that were there, these other independent hotel helped hoteliers who had done gone on their own journeys to get wherever they got. And they had all figured it out. Ghere was not a lot of resources in front of them telling them how to do what they needed to do. They just, they needed to pay their mortgage, they just did the next right thing and got there. So hearing the stories of how people solved whatever the issues were that were in front of them and sharing my own stories and finding the commonalities of maybe the setting was different or the problem was different, but really the approach was very the same. Or getting inspiration from people who have figured out things I hadn’t figured out yet and learning from them. So I really like just the being able to learn so much kind of one-on-one from people and in and in some of the sessions. Kaleigh Weise: I also think they do a great job of pulling together vendors and resources. It is not uncommon for an independent hotelier to go to Costco for some of their… Or order on, you know, Walmart.com or Amazon. And I feel like there really are great resources out there that are made for independent hoteliers and to bring them into the room to have a conversation around cost savings or ability to be able to elevate the amenities that they have on site. I’m really excited ’cause I think of the show floor this year is gonna be bigger and better than ever from what we were hearing in preparation. And so I think it’s a wonderful opportunity that people should allow time to walk the floor in addition to hearing the sessions because those vendors can really change their bottom line quite significantly with implementation. Ryan Embree: Yeah, absolutely. And it’s so cool to see the eclecticness of the independent hoteliers there from, Dave, you’re a great example coming from Galveston, Texas. You could be coast to coast anywhere from like a little five room air bnb rather to a giant independent hotel in a major market. So just everything in between, all different shapes and sizes when it comes to independent hotels, independent hotels. That’s why we love them so much. That’s why we like hearing the stories and why it’s such a unique space and hospitality. And to be able to spend those couple days putting the spotlight on sometimes, this really, really unique segment, it’s such a privilege. We’ve had the opportunity to cover the show for four years as well. So we’re very excited and hope our Suite Spot listeners will join us in Miami Beach this September. So as we wrap up, I do like to just kind of give the opportunity for any final thoughts as we wrap up today. I want to thank both of you for taking the time to join me today. Kaleigh, any final thoughts before we wrap up? Kaleigh Weise: Yeah, I feel like the, the topic I wanna touch on is a lot of hoteliers in the making are interested in the show and I feel like there’s a little bit of intimidation showing up, not really having background or knowledge or even knowing what they’re getting themselves into. And so I guess from an affirmation perspective, this is a wonderful show if this is an industry that you’re curious about or you wanna learn more about or you wanna have the conversations around. And so we look forward to hopefully welcoming you in September. Dave Jacoby: Yeah, I will echo that. And kind of say there are a lot of people at this show that are interested in the space and maybe are there to learn and they’ll find that people are there like myself or other people who have kind of gone through the process and developed their hotel. I would just say to all of them here, what I’ll say to you at the show is, I didn’t know what I was doing either when I started and a lot of us don’t. And there’s no playbook. There’s not gonna be a playbook. You’re not gonna find one that’s gonna tell you what to do at all steps. You just surround yourself with smart people. You need to know what you can and cannot do and where your limits are and kind of take the plunge and figure it out as you go. And your decision making in the moment is really gonna be what’s gonna drive the process. And if you’re always waiting to have the full roadmap, you’re never gonna have that roadmap. Ryan Embree: Maybe that’ll be our next endeavor as the independent hoteliers playbook and we can publish that as a couple authors. Dave Jacoby: Yeah, a long book. Ryan Embree: Yes. Take a lot I’m sure. Kaleigh Weise: Variation A, B, C, D. Ryan Embree: Exactly. Ryan Embree: Well, Kaleigh, Dave, thank you so much. I really appreciate you taking the time, sharing your stories today. We cannot wait for September at the Independent Hotel Show. And thank you all for listening to the Suite Spot. We will talk to you next time. To join our loyalty program, be sure to subscribe and give us a five star rating on iTunes. Suite Spot is produced by Travel Media Group. Our editor is Brandon Bell with Cover Art by Bary Gordon. I’m your host Ryan Embree, and we hope you enjoyed your stay.

Interview with Alan Carter, President and CEO, Cabral GoldOur previous interview: https://www.cruxinvestor.com/posts/cabral-gold-tsxvcbr-phase-one-heap-leach-on-schedule-q4-production-targeted-10682Recording date: 14th July 2026Cabral Gold is nearing a key milestone as it transitions from an exploration-focused company to a gold producer, with mining and ore stacking now underway at its Cuiú Cuiú gold-in-oxide project in Brazil. The activity forms part of the commissioning process for the Phase 1 heap leach operation, which is approximately 85% complete. Commercial gold production remains on track for the fourth quarter of 2026.The project is designed to process oxidized surface material using a low-cost heap leach method that avoids drilling, blasting, and complex milling. Ore from the MG deposit is currently being mined, sized, agglomerated, and stacked on leach pads, marking significant progress toward initial gold output. The remaining step before full production is commissioning the wet circuit, which will recover gold from solution.A key component of this process is the adsorption-desorption-recovery (ADR) plant, recently shipped from Australia and expected to arrive on site in late July 2026. Once installed, it will enable final commissioning stages through the third quarter. While initial gold production may begin earlier, Cabral has emphasized that commercial production will be declared only once steady-state output is achieved.Financially, the project remains aligned with the 2025 pre-feasibility study, including an estimated all-in sustaining cost of around $1,200 per ounce, offering strong margins even amid softer gold prices. The company is also evaluating a potential expansion of Phase 1, with further details expected soon.Meanwhile, exploration continues across the district, where Cabral is now modeling six deposits, double the previous estimate. With six drill rigs active and an updated resource estimate expected by year-end 2026, the company is positioning itself for both near-term cash flow and long-term growth.Learn more: https://www.cruxinvestor.com/companies/cabral-goldSign up for Crux Investor: https://cruxinvestor.com

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IBM vient de signer la pire journée de son histoire boursière, pire que le krach de 1987, en perdant un quart de sa valeur sur un simple avertissement. Au même moment, l'inflation américaine signait son plus gros repli mensuel depuis six ans, JPMorgan sortait le plus gros bénéfice trimestriel de l'histoire bancaire américaine et Séoul reprenait 7% en une nuit sur un ADR de SK Hynix envolé de 27%. On décortique ce qui s'est vraiment passé chez IBM, pourquoi ça concerne tout le compartiment logiciel, et ce que le marché attend d'ASML dans les prochaines heures. Et surtout : comment ajuster son curseur d'exposition dans un marché qui bouge de 25% en une séance sans prévenir.

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Crude prices rise as the U.S. and Iran exchange fire with both sides claiming control over the Strait of Hormuz. SK Hynix shares fall in Asian markets following the chip maker's $26bn U.S. ADR listing. Tech selling and Middle East uncertainty push Asian equities lower and trigger circuit-breakers on South Korea's KOSPI. European futures are also in the red following a four-day winning streak. Nippon Paints offers to buy Akzo Nobel's decorative paints arm for €7.5bn following a previous rebuttal for the Dulux-maker's entire business.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Did you ever wonder why so many people didn't get out before the dot-com crash? It's an important question to ask yourself, especially if you believe you'll know exactly when to get out before any potential correction in today's AI and semiconductor stocks.   The reality is that the dot-com bubble burst only 25 years ago. Human nature hasn't changed since then. Investors today are no smarter than investors were back then, and the same emotions that drove the bubble are showing up again. There were four major reasons so many people lost money during the tech bust.   The first was that investors stopped focusing on earnings and price-to-earnings ratios. Instead, they justified sky-high valuations by looking at metrics like website traffic, page views, click-through rates, and the number of "eyeballs" on a screen. The assumption was that if revenue kept growing, profits would eventually follow. Many ignored the reality that businesses also have expenses, competition, and execution risk.   The second reason was FOMO or the fear of missing out. Between 1995 and 2000, the Nasdaq surged roughly 400%. As people watched friends, coworkers, and investors make fortunes on tech stocks and IPOs, more and more money poured into the market. Institutional investors and retail investors alike stopped worrying about valuations. They simply saw stocks going up and didn't want to miss the ride.   The third reason was the belief that "this time is different." You heard it everywhere: "You just don't get it. This is the new economy." Investors argued that traditional valuation metrics no longer mattered because the only thing that counted was gaining market share. Profitability could always come later.   The fourth reason was the assumption that capital would never dry up. Few investors paid attention to where companies were getting their money. Many businesses were surviving on venture capital rather than sustainable profits. When funding slowed and investors became more selective, those companies had no profitable business model to fall back on. Many quickly went bankrupt.   At the peak of the bubble, investors stopped asking basic questions. What am I paying for this company's earnings? What am I paying for its cash flow? In many cases, there weren't any. Yet investors convinced themselves the speculative frenzy would continue indefinitely.   The biggest lesson is a humbling one. We like to believe we'll recognize the top and get out before everyone else. But investors in 2000 believed the same thing. Human psychology hasn't changed, which is why bubbles continue to repeat throughout history.   Don't Build That Data Center in My Backyard The race to build AI infrastructure is running into an obstacle that many investors probably didn't see coming: local communities.   Across the country, residents are protesting and filing lawsuits to stop new AI data centers from being built in their neighborhoods. One of the biggest concerns is something most people never think about, the constant noise. Data centers operate around the clock, with cooling fans, chillers, and backup generators creating a continuous hum 24 hours a day. That may not sound like a major issue until you have to live next to it.   New York has become one of the focal points of this debate. While the state has plenty of available land for development, many communities are pushing back. Governor Kathy Hochul is even considering legislation that would place a moratorium on the construction of large data centers in certain areas.   Public opinion reflects that growing resistance. According to recent polling, 44% of Americans oppose additional data center construction, while only 21% support it. When the question becomes more personal and whether people would support a data center being built in their own community, opposition jumps to 57%, while support falls to just 14%.   Residents also question the long-term economic benefits. Building a data center may create thousands of construction jobs, but once the facility is complete, permanent employment may fall to just 100 to 200 workers. At the same time, these facilities consume enormous amounts of electricity. In some regions served by smaller utilities, a single data center could account for as much as 25% of total power demand, raising concerns about higher electricity costs and increased strain on the grid.   The political landscape is becoming more challenging. Lawmakers in states including Arizona, Illinois, and Ohio have restricted or eliminated tax incentives that were previously used to attract data center investment.   Even the companies building this infrastructure recognize the growing risk. The hyperscalers are expected to spend nearly $1 trillion on AI infrastructure this year, but increasing public opposition could slow those plans. Nebius Group, for example, warned in its 2025 annual report that rising resistance to data center projects in certain communities could become a headwind for future expansion.   Investors have spent a great deal of time focusing on AI demand, chips, and software. However, another risk is emerging that deserves attention: if communities continue saying, "Not in my backyard," the pace of AI infrastructure growth may not be as smooth as many expect.   Is Crypto Weakening One of America's Most Powerful Weapons? One of the United States' greatest geopolitical advantages isn't its military, it's the U.S. dollar.   Roughly 90% of global foreign exchange transactions involve the U.S. dollar. That dominance gives the United States enormous leverage. When the U.S. imposes financial sanctions and cuts countries off from the dollar-based financial system, it becomes far more difficult for them to conduct international trade, finance military operations, or access global markets.   That advantage is beginning to erode. Countries that have long opposed the United States such as Russia, Iran, and North Korea are increasingly turning to cryptocurrencies to bypass traditional financial channels. According to reports, their use of virtual currencies for cross-border transactions surged from roughly $12.5 billion in 2024 to more than $100 billion in 2025.   Crypto gives sanctioned nations another way to move money. It can be used to purchase drones, weapons, military components, and fuel, while also helping finance operations such as smuggling oil and paying suppliers outside the traditional banking system.   North Korea has become one of the world's most aggressive crypto thieves, using hacking and other cybercrimes to steal digital assets that can then be converted into funding for its military and weapons programs.   Part of the challenge is that cryptocurrency wallets are identified by long strings of letters and numbers rather than names. While blockchain transactions are publicly visible, identifying the person or organization controlling a wallet can be extremely difficult without additional intelligence. That makes enforcement of financial sanctions much harder.   Even terrorist organizations such as Hamas have, at times, solicited donations in cryptocurrency, illustrating how digital assets can be used to circumvent traditional financial controls.   This is why I believe cryptocurrency has become more than just an investment story, it has become a national security issue.   If Bitcoin and other cryptocurrencies were to experience a significant decline in value, it would reduce the purchasing power of those holding large crypto reserves, including sanctioned actors that rely on digital assets. While it would not eliminate their ability to use crypto, it could make this alternative financial system less effective and increase the relative importance of the dollar-based financial system.   The stronger the role of the U.S. dollar in global commerce, the more effective financial sanctions remain as a non-military tool of foreign policy. With cryptocurrencies becoming more widely adopted, policymakers will need to consider the risk of weakening one of America's most effective forms of economic leverage.   Even with oil off its recent peak, you still may not see cheaper airline tickets. You might assume that with the decline in oil prices, jet fuel costs are also declining, and airlines will pass those savings on to travelers through lower ticket prices. Oil and jet fuel prices have indeed come down, but don't expect airlines to slash fares anytime soon.   The reason is simple: demand remains strong. Even after airlines raised fares eight times since the start of the conflict in the Middle East, analysts say the average round-trip domestic ticket climbed roughly 19% to about $638 yet demand barely changed. In other words, consumers have shown they are willing to pay higher prices to travel. If people keep buying tickets, airlines have little incentive to lower fares and give up those higher profit margins.   Supply is also likely to remain constrained. Airlines aren't rushing to add flights because keeping capacity tight helps support higher ticket prices. The bankruptcy and downsizing of low-cost carriers such as Spirit Airlines has also reduced competition on many routes, making it easier for the remaining airlines to maintain pricing power.   To be fair, airline pricing should be viewed over a longer time horizon. From 2019 through 2025, overall consumer prices rose about 26%, while average airfares actually declined roughly 3.5%. So, despite the recent increases, airline tickets are still relatively inexpensive compared with the broader rise in inflation over the past six years.   The bottom line is that lower fuel costs alone don't guarantee lower ticket prices. As long as travel demand remains healthy and airlines keep capacity in check, consumers may not see much relief at the checkout screen.   Letting Air Out of the Investment Portfolio Balloon Before It Pops At one point or another, we've all seen a balloon inflated until it finally bursts. The same thing can happen to an investment portfolio.   Watching your portfolio grow is exciting, but every investor knows that markets don't go up forever. The challenge is that no one knows exactly when a portfolio has become too inflated. One of the biggest reasons investors refuse to sell is simple: they hate paying taxes. Believe me, I dislike paying taxes just as much as anyone else. But you should never let the tax bill dictate your investment decisions.   Sometimes the smartest move is to relieve some of the pressure in your portfolio before the market does it for you. There are two simple ways to accomplish this: trim oversized positions and sell investments that have become significantly overvalued.   The first strategy is reducing concentration risk. If you review your portfolio and discover that a single stock has grown to 10% or 12% of your total assets, it may be time to trim that position back to 7% or 8%. Yes, you'll likely owe capital gains taxes, but you'll also be reducing the risk that one investment can have an outsized impact on your portfolio if it suddenly declines.   The second strategy is selling investments that have exceeded your target price and can no longer be justified based on their fundamentals. If the valuation has become stretched and the company's earnings outlook no longer supports the stock price, it may be time to take profits. Again, you'll probably owe taxes on the gain, but remember that capital gains are generally taxed at favorable rates. More importantly, paying a 20% or 25% tax on your profit is often far less painful than watching the entire investment lose 20% or more in value. That 20% decline occurs on the entire position rather than just the gain.   No strategy is perfect. You may trim a position only to watch it continue climbing for another year or two. That's part of investing. Risk management isn't about perfectly timing the top, it's about ensuring that no single investment or sector can seriously damage your long-term financial plan.   Consistently following a disciplined, conservative approach won't always maximize returns during bull markets, but it can significantly reduce risk over a full market cycle. When the next major correction inevitably arrives, your portfolio should be positioned to withstand it. That makes it far easier to stay invested, avoid emotional decisions, and continue building wealth instead of panic-selling after the damage has already been done.   Successful investing isn't just about finding great investments. It's also about knowing when to reduce risk. Sometimes, letting a little air out of the balloon today is the best way to keep it from popping tomorrow.   Is AI creating the next memory boom... or setting up the next bust? SK Hynix just pulled off the largest foreign ADR listing in U.S. history, pricing its American depositary receipts at $149 and raising $26.5 billion. That isn't just a fundraising event, it is fuel for one of the most aggressive semiconductor expansion plans the industry has ever seen.   The company is pouring money into new factories, equipment, and advanced packaging capacity around the world. In the United States, SK Hynix is building its first manufacturing facility, a $4 billion advanced packaging plant in West Lafayette, Indiana, expected to be completed in 2028.   Back home in South Korea, the spending is even more staggering. SK Hynix plans to invest up to $720 billion expanding memory production, including a $390 billion semiconductor cluster in Yongin. The company has also committed roughly $7.8 billion by the end of 2027 for additional extreme ultraviolet (EUV) lithography machines, the highly specialized tools needed to manufacture cutting-edge HBM chips. These machines cost as much as $400 million each, are in extremely limited supply, and are only produced by ASML. The company is even accelerating its expansion timeline by more than a decade, with four new fabrication plants now expected to be completed by 2033.   The question investors should be asking isn't whether AI demand is real. It clearly is. The real question is whether the industry is repeating a familiar pattern. Memory has always been one of the most cyclical businesses in technology. Every major technology revolution from the dot-com boom, to smartphones, to cloud computing created a surge in demand for memory chips. Manufacturers responded by rapidly expanding production. Eventually supply caught up, prices collapsed, profits disappeared, and investors who arrived late learned just how brutal the memory cycle can be.   Today feels different... but that is often what every cycle feels like while it is happening.   SK Hynix's market value has increased more than sevenfold over the past year as AI infrastructure spending has created a shortage of HBM. Revenue nearly tripled between 2023 and 2025 to roughly $65 billion, and Wall Street expects sales to surge again to approximately $235 billion in 2026.   Those are incredible numbers. But when major memory producers start announcing massive capacity expansions, history suggests investors should at least consider what happens when today's shortage eventually becomes tomorrow's surplus. AI may create years of strong demand for memory, but the semiconductor industry has a long history of building too much capacity just as demand begins to normalize. The opportunity is enormous, but so is the risk if history repeats itself.   Financial Planning: Simple vs Compounding Interest Loans Many people assume that choosing a simple interest loan over a compound interest loan will dramatically reduce the amount of interest they pay, but in most real-world lending situations, the difference is minimal. The reason is that the power of compounding only becomes significant when a balance grows over time because interest is being added to the principal. With most consumer loans, borrowers either make interest-only payments that keep the principal balance unchanged or make payments that reduce the principal over time. In either case, the interest charged during each payment period is based on the outstanding loan balance at that time, not on an ever-growing balance. Since the loan balance is remaining the same or steadily declining rather than increasing, there is little opportunity for “interest on interest” to accumulate. While compounding can become important if unpaid interest is capitalized and added to the loan balance, that is the exception rather than the rule. For most mortgages, HELOCs, auto loans, personal loans, and similar debt, borrowers should focus far more on the interest rate than on whether the loan is described as using simple or compound interest.   Too Many People Are Using Target Date Funds in Their 401(k) For years, we've discussed the drawbacks of target date funds, including their higher fees and one-size-fits-all approach. Despite those concerns, they remain incredibly popular because they are simple and require very little effort from the investor. According to Vanguard, 61% of 401(k) participants invest in target date funds.   On the surface, they sound like the perfect solution. If you plan to retire around 2045, you simply choose the 2045 Target Date Fund and let it manage your investments. The fund automatically adjusts your portfolio over time, gradually reducing your exposure to stocks and increasing your allocation to bonds as you approach retirement.   Many investors don't realize how significant that shift can be. By the target retirement date, a target date fund may hold around 50% of its assets in bonds. The adjustments don't stop there. Reaching the target year doesn't mean the fund is liquidated or that you receive your money. Instead, the fund continues along its glide path and could increase its bond allocation to 70% or even 80% over the following years.   That approach may have made sense decades ago, but retirement looks very different today. Many people will spend 20 years or more in retirement. Over that length of time, maintaining enough exposure to stocks can be critical to helping your portfolio grow and keep pace with inflation. A portfolio that becomes too conservative too quickly may struggle to provide the long-term growth many retirees need.   Another limitation is that target date funds only manage the assets inside your 401(k). They don't take into account your IRAs, brokerage accounts, pensions, real estate, or other investments. As a result, your overall portfolio allocation could end up being far different than what is appropriate for your financial goals.   The convenience of target date funds is appealing, but convenience shouldn't replace planning. A successful retirement requires understanding how your money is invested, estimating what your portfolio could be worth when you retire, and developing a strategy for how those assets will be invested throughout retirement, not just until you reach it.   Is That Really Your Son or Daughter Calling You? You know your children's voices. You talk to them regularly. Then one day you get a frantic phone call from your son or daughter. They tell you they've just been in a serious accident. They need $15,000 immediately or they're going to jail. They tell you exactly how to send the money. Without hesitation, you wire the funds because you want to help your child.   Unfortunately, you have just been scammed by AI. AI-powered scams are exploding. Reports show AI-related fraud surged more than 1,200% in 2025, and at the current pace, losses from AI scams in the United States could reach $40 billion annually by 2027. Another study found that one in four adults has already experienced an AI voice scam.   Your first reaction may be, "That could never happen to me. I don't post anything on social media." But the problem may not be your online presence. It's your children.   Many people regularly post videos on social media, and today's AI only needs about three seconds of someone's voice to create a convincing clone. Once scammers have that sample, they can make it sound like your son or daughter is saying almost anything.   So how do you protect yourself? If you receive an emergency call asking for money, don't panic. Before sending anything, ask a question that only you and your child would know the answer to. Make it something that has never been shared publicly.   For example, ask about a funny childhood memory that only the two of you remember. Don't use information like birthdays, graduation dates, wedding dates, or other facts that could be found online or in public records. Remember with all these data centers there is so much information that is being obtained and saved but used for the wrong purposes.   Even better, establish a family safe word or passphrase today. Choose something simple that everyone can remember but that would never appear online.   If you ever receive one of these calls, ask for the safe word. If they can't provide it, assume it's a scam until you can verify the situation by calling your child directly or contacting another trusted family member.   As AI continues to improve, these scams will only become more convincing. The same technology powering innovation is also giving criminals new tools to exploit unsuspecting families. Stay alert. Verify before you trust. A few extra minutes could save you thousands of dollars and a great deal of heartache.   Is It Boom or Bust for Micron? It is hard to argue with Micron's incredible stock performance. Through July 2, the shares were up 242% year to date and an astonishing 701% over the previous 12 months. Even after recently falling about 22% from their peak, investors are still debating whether the company has much more room to run.   The good news is that Micron has locked in 15 new customers under long-term supply agreements, with some contracts extending as long as five years. Many of these agreements include customer deposits, giving the company excellent revenue visibility and reducing uncertainty over future sales. For investors, that is exactly the kind of stability they like to see.   But every smart investor should also ask: What is the downside?   While those contracts provide a strong foundation, they do not guarantee that demand will remain as strong over the long term. Unless a customer goes bankrupt, the contracts are largely locked in, but technology changes quickly. High prices and limited supply often encourage innovation, and the AI memory market is no exception.   Several companies are developing new architectures that reduce or even eliminate the need for high-bandwidth memory (HBM), which has been one of Micron's biggest growth drivers. As companies search for lower-cost and more efficient alternatives, demand for HBM could eventually soften.   Nvidia also signaled in June that it is redesigning portions of its upcoming Vera Rubin AI platform to use memory more efficiently. While Nvidia remains a major customer for HBM, improvements in memory efficiency could reduce the amount of HBM required per AI system over time.   Meanwhile, newly public chipmaker Cerebras has taken an entirely different approach. CEO Andrew Feldman has said the company's wafer-scale AI chips do not use HBM at all, arguing that it is too expensive and supply constrained. If other AI hardware companies pursue similar designs, it could create additional competition for HBM.   None of this means Micron's growth story is over. The company's long-term contracts provide meaningful protection, and AI demand remains exceptionally strong today. However, investors should remember that today's shortages and premium pricing often inspire tomorrow's technological breakthroughs.   The question for Micron investors is whether HBM remains the industry standard for years to come or whether innovation eventually reduces the need for it. If demand for HBM begins to slow, Micron's remarkable growth could also begin to moderate.   Companies Discussed: Caterpillar Inc. (Ticker: CAT)

Chipmaker SK Hynix maakt een knaldebuut op Wall Street. Philippe Gijsels legt uit wat een ADR is en waarom het Chinese bedrijf naar de Nasdaq komt. Hij blikt ook vooruit op het resultatenseizoen en op de hervormingen van Fed-voorzitter Warsh. --- Trends Beleggen is een podcastkanaal van de redactie van Trends. Meer info en advies over beleggen vind je op https://trends.be/beleggen/  --- Elke dag beleggingsadvies in uw mailbox? Registreer u gratis op één van de e-newsletters op https://www.trends.be/newsletters --- Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

SK Hynix's debut on the Nasdaq as an ADR makes it "different" from a usual IPO, says Kevin Hincks, who tells investors to brace for a volatile U.S. opening for the South Korean tech giant. It comes as the AI memory trade remains red-hot, seen in stocks like Micron (MU) and SanDisk (SNDK). Kevin also touches on comments from the IEA that world oil demand will see its first annual decline since 2020. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

AI continues to be top of mind for traders as SK Hynix sets its U.S. trading debut on the Nasdaq via ADR. StocksToTrade's Tim Bohen turns to Micron (MU) as an opportunity in the AI memory space after a recent pullback in shares. Nvidia (NVDA) and its gargantuan hardware, backed by its recent pullback, makes current prices compelling to Tim. He also likes Bank of America (BAC) as a less volatile financial stock with a healthy balance sheet. Rick Ducat backs all of Tim's analysis with a closer look into key support and resistance levels.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

While tech stocks have seen some pressure throughout the week, Tom White says that money has moved elsewhere on Wall Street. He argues the rotation offers more strength for markets going forward. One company debuting in the U.S. today: SK Hynix, which will trade on the Nasdaq under the symbol SKHY. Tom explains how the ADR shakes up the AI memory trade. He then turns to the skies and discusses Delta Air Lines (DAL) and its earnings. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/About Schwab Network - https://schwabnetwork.com/about

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This week's Market Friday recap covers IPOs, ADRs, international investing, crypto regulation, geopolitical risk and the continued AI industrial revolution.Our term of the day is IPO, which stands for initial public offering. SK Hynix was already publicly traded in South Korea, but the company completed a massive U.S. public offering of American Depositary Receipts and began trading on the Nasdaq.An ADR, or American Depositary Receipt, is a U.S. traded security that represents shares of a company based outside the United States. ADRs make it easier for American investors to invest in foreign companies through U.S. markets and in U.S. dollars.SK Hynix is one of the largest memory chip companies in the world and a major supplier of the high bandwidth memory needed to power AI data centers. The stock jumped roughly 13% during its first day of U.S. trading, showing just how much investor demand remains for companies connected to the AI buildout.South Korea is also home to major global companies such as Samsung and LG, although not every foreign company is available to U.S. investors through the same ADR structure.International stocks do not always move in the opposite direction of U.S. stocks. However, owning companies across different countries can provide diversification because different economies and markets may lead at different times. International stocks outperformed U.S. stocks during 2025, but during a major global crisis, correlations often increase and markets around the world can fall together.We also explain the Peter Lynch term “ten bagger,” which describes an investment that grows to ten times its original value. Investors who select individual companies are searching for exceptional long term winners, but they also accept greater company specific risk. Investors who purchase an S&P 500 index fund are instead relying on the long term growth of hundreds of major companies without needing to identify the next ten bagger.Circle also received approval to establish a national trust bank. This does not mean Circle is becoming a traditional consumer bank with checking accounts, loans or rewards for depositing crypto. The new bank will initially focus on digital asset custody and strengthening the regulated infrastructure supporting USDC.Finally, we discuss renewed conflict involving the United States and Iran. Markets did react during the week, but they continued to show impressive overall resilience. Investors appear focused on whether the conflict becomes a larger and more lasting economic event, particularly through oil prices, inflation and the Strait of Hormuz.Barring a major escalation in global conflict, 2027 could be an incredible year for businesses, technology and the markets. The AI industrial revolution is no longer something coming in the future. It is already here and happening now.Hosted by James Walters, CIMA®, CRPC®, and Brandon West, CPA, co-owners of West & Walters Tax and Wealth Management, a Registered Investment Advisor (RIA) and tax firm based in Carlsbad, California. Our goal is to share market insights, investing tips, tax strategies, and straightforward financial education to help viewers make smarter financial decisions. All Information is educational in its intent and distribution! Please do not consider this personal financial advice. We believe all clients have unique situations and thus require unique advice.

Mediators are working to get the US and Iran back at the negotiating table, CNN reported, citing sources, later echoed by Axios.Brent is softer by around USD 0.20/bbl, with the market essentially waiting for a resumption of negotiations or strikes.Japanese assets lead after Finance Minister Katayama said pension funds should be encouraged to invest more in the domestic market.European bourses are on a modestly firmer footing, Euro Stoxx 50 +0.1%. US futures are mixed; NQ lags, potentially ahead of SK Hynix's ADR debut on the 13th.USD under pressure, JPY leads given the above, NZD continues to climb, CAD flat into its jobs report.Looking ahead, highlights include Canadian Jobs Report (Jun). Earnings from Delta Air Lines and Credit Ratings from Fitch on the Netherlands, Morningstar DBRS on Switzerland and Scope Ratings on Japan.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

In this episode, we provide a short business development update, cover the team dynamics between Maya and THORChain, discuss how to streamline and improve the ADR process, and finish off with a short Moca update.Swap now https://swap.thorchain.org/ THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there's no KYC required.Timestamps:00:00:00 Intro00:02:00 Randy BD update: ShapeShift and Symbiosis00:07:00 Aaluxx breaks down how Maya Protocol and THORChain devs are allocated00:10:00 Some work is shared between protocols00:11:00 Was Maya Protocol affected by the same exploit as THORChain?00:16:00 Learning opportunities from the exploit00:18:00 Aaluxx talks about the moment the exploit happened00:22:00 Version 3.20 will be pushed early — meeting tomorrow00:25:00 Zcash update: Timeline?00:29:00 Eric asks how all the developers coordinate00:32:00 Anyone can contribute to GitLab00:33:00 What did the devs do during the slow moments around Step 5?00:36:00 What can we do to improve the ADR process?00:39:00 ADR system design discussion00:42:00 ADRs should not be gatekept00:43:00 Everyone is working as hard as possible — bandwidth is tight00:44:00 ADR numbers could be granted through Make Relay00:45:00 You do not need an ADR to submit code to GitLab00:47:00 Anything else you'd like to mention, Aaluxx?00:48:00 "I am not a developer" — Aaluxx00:51:00 MOCA going live by next Monday?

This Morning's Headlines1. Mongolia summit2. Business forum3. Unfair tariffs4. Jail term confirmed5. ADR listing

Hier, on a demandé au Président des États-Unis s'il était en guerre contre l'Iran. Il a répondu : « I don't know. » 170 cibles frappées en 48 heures. Le détroit d'Ormuz quasiment à l'arrêt. Et pendant ce temps ? La Bourse monte, le pétrole baisse, et l'indice de la peur s'effondre. Bienvenue dans la guerre de Schrödinger : elle existe et elle n'existe pas — et le marché a déjà décidé de la fin du film. Dans cette vidéo, je vous raconte la semaine la plus absurde de 2026 :

Los índices de Wall Street operan estables el viernes, mientras los inversores esperan el debut en el Nasdaq de SK Hynix, empresa surcoreana líder en el sector de los chips, lo que desvia la atención de las últimas escaladas del conflicto en Oriente Medio. Se prevé que los ADR de la empresa abran a 176,01 dólares, aproximadamente un 18% por encima de su precio de oferta. Los fabricantes de chips han sido uno de los principales beneficiarios del repunte impulsado por la IA de este año, alimentado por las expectativas de un fuerte gasto por parte de las hiperescaladoras. Sin embargo, las preocupaciones por las valoraciones elevadas y la toma de ganancias han inyectado recientemente volatilidad en el sector. El S&P 500 y el Nasdaq van camino de registrar ganancias semanales, mientras que el Dow, índice de valores de primera línea, se dispone a romper una racha alcista de cuatro semanas. Lo analizamos todo con Ignacio Cantos, de ATL Capital.

What if your “unique” short-term rental is actually invisible… and costing you thousands?Steph Weber joins Kenny Bedwell to unpack the brutal disconnect between what most STR and boutique hotel owners think is a brand, and what truly drives guest loyalty, market differentiation, and higher ADR. From confusing “luxury” with actual value to the real reason guests rebook through Airbnb, you'll learn why strong branding is the difference between getting buried by algorithms and building a hospitality business guests remember and seek out.Fail to master these steps, and you'll keep paying the Airbnb tax forever. Listen now to learn exclusive, field-tested strategies for transforming how guests see and book your property. Brand clarity isn't optional anymore. If you want real direct bookings and a sellable business, this is your playbook.Timestamped Highlights00:29 – Why calling your STR “luxury” is killing your results09:48 – The instant trust hacks big platforms use (and how you can, too)12:53 – The hidden branding mistake costing you direct bookings16:52 – How “avatar clarity” instantly changes your marketing game23:19 – Real-world examples: When does every property need its own brand?29:16 – The blueprint for turning your portfolio into a premium, sellable asset33:50 – The power move that gets guests coming back—without discounts36:21 – The critical mistake most hosts make with guest experienceAbout The GuestSteph Weber is the founder of The Weber Co., a top-tier branding and marketing agency specializing in hospitality businesses. Leveraging deep experience from both the fashion industry and high-performing influencer partnerships, she's helped entrepreneurs scale to seven figures, reimagine their STR brands, and create properties guests return to year after year.

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今年秋季帶你走進世界最美「楓」景~ 美加東五大賞楓勝地，遊船穿梭尼加拉瀑布。 可樂旅遊 台中出發星宇直飛， 日本關西、四國，紅葉秘境x溫泉饗； 韓國釜山，紅葉銀杏x國際煙火節。 今秋你想感受哪一種「楓」情？ 限量團位，快搜尋「可樂旅遊」與你分享世界的美好~ https://sofm.pse.is/9bay8a －－－－以上為 SoundOn 動態廣告－－－－

Patrika Darbo on Step by Step, Speed 2, Roseanne & Surviving Hollywood In this hilarious and insightful episode of Reza Rifts, Keith Reza sits down with Emmy-winning actress Patrika Darbo for a wide-ranging conversation about old-school Hollywood, self-tape auditions, sitcom life, soap operas, and surviving the chaos of the entertainment business. Patrika brings sharp honesty and big personality as she reflects on how acting has changed from the era of in-room casting sessions to today's remote audition grind, while also opening up about union frustrations, career longevity, and why actors should start creating their own work now. The episode also dives into Patrika's memorable work across projects like Step by Step, In the Line of Fire, Ghost Dad, Babe, Speed 2, Roseanne, and Days of Our Lives. Along the way she shares behind-the-scenes stories about Clint Eastwood, Sandra Bullock, Sidney Poitier, voice acting for animated animals, audition disasters, soap opera pacing, and the one piece of advice she'd give her younger self: don't listen to outside voices listen to your heart.  Guest Info Patrika Darbo is a Primetime Emmy-winning actress and four-time nominee with a career spanning more than 35 years in film and television. The Television Academy highlights her work on Days of Our Lives, Step By Step, The Bold and the Beautiful, Babe, Rango, Speed 2, In the Line of Fire, Roseanne, Seinfeld, and more, and notes that she has served as a Governor at the Television Academy.    Guest Social Links Instagram: @darbopatrika … https://www.instagram.com/darbopatrika/?hl=en  Facebook: Patrika Darbo … https://www.facebook.com/PatrikaDarbo/  Chapters 00:00 Intro / Subscribe, rate, review 00:44 Patrika's hacked computer and social media chaos 02:33 How acting changed from in-room auditions to self-tapes 05:38 TV, movies, and the changing entertainment business 06:49 SAG frustrations, insurance, and union realities 08:34 Early career memories and knowing she was really an actor 09:23 Step by Step and the break that led to more doors opening 10:40 In the Line of Fire and working around Clint Eastwood's world 11:36 Ghost Dad, Sidney Poitier, and separating experience from scandal 13:42 Babe, ADR work, and the weird irony of movie marketing 15:18 Speed 2 stories, Sandra Bullock, and a wild audition moment 19:30 Days of Our Lives, Bold and the Beautiful, and soap-opera speed 22:37 Improv, memorization, and staying sharp as an actor 24:46 Playing Roseanne without turning it into a caricature 26:45 Audition regrets, actor insecurity, and trusting the director 27:52 The advice she'd give her younger self 28:05 Where to follow Patrika online 29:41 Wrap-up and farewell Call to Action If you enjoyed this episode of Reza Rifts, make sure to: Subscribe Rate and review Share this episode with a fan of classic TV, soap operas, or behind-the-scenes Hollywood stories Follow Patrika Darbo and Keith Reza for more interviews, clips, and updates Host Links Support the show on https://patreon.com/rezarifts61  Follow Keith on all social media platforms: FB: https://www.facebook.com/realkeithreza IG:https://www.instagram.com/keithreza  ALT IG:https://www.instagram.com/duhkeithreza  X:https://www.twitter.com/keithreza  TT:https://www.tiktok.com/keithreza  Book Keith on cameo at www.cameo.com/keithreza Check out my website for dates at https://www.keithreza.com/  YouTube: https://www.youtube.com/channel/UCpyRbdbee3pBlDrtMDd6Pww  Reza Rifts on Apple Podcasts: https://podcasts.apple.com/gb/podcast/reza-rifts/id955329738    Subscribe - Rate & Review on Apple Podcasts - Tell a friend :) Be a Rifter!   #RezaRifts #KeithReza #PatrikaDarbo #DaysOfOurLives #StepByStep #BabeMovie #Speed2 #Roseanne #ActorInterview #HollywoodStories #ActingAdvice #SoapOpera #BehindTheScenes #EntertainmentPodcast #PodcastClips  

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump will meet with Ukrainian President Volodymyr Zelenskyy at a NATO summit in Turkey on Wednesday that will be charged with tension over the US leader’s views on Greenland, European defense spending and the Iran war. Trump arrives in Turkey on Tuesday, when he will meet with President Recep Tayyip Erdogan before a summit with the full defense alliance the next day, White House spokesperson Anna Kelly said. Meantime, Ukraine failed to intercept a single Russian ballistic missile in a deadly overnight attack on the eve of the NATO summit, highlighting Kyiv’s growing vulnerability as shortages of US-made Patriot air defenses become acute and peace talks remain stalled. Eleven people were killed and 60 injured in the overnight strikes on Kyiv that caused destruction in several districts of the city, damaging multiple residential buildings, Zelenskyy said Monday on X.2) Oil fluctuated in a narrow range, as flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies. Brent traded above $72 a barrel, while West Texas Intermediate was near $69. Oil and gas shipping along a US-protected corridor in the waterway showed signs of recovering Sunday, a day after several vessels had performed unexplained U-turns and detours in the energy chokepoint. Separately, OPEC+ members backed another modest rise in quotas for next month, with seven nations led by Saudi Arabia and Russia agreeing to add 188,000 barrels a day in a further roll-back of curbs made several years ago.3) US futures signaled a mild rebound in technology stocks at the start of a week in which South Korea’s memory giants will put the artificial-intelligence trade to yet another test. Nasdaq 100 contracts climbed 1% after the US holiday break. The Stoxx 600 hovered near a record high. Asian stocks fluctuated, with Samsung Electronics Co.’s 164% year-to-date rally set to face the spotlight when the chipmaker releases earnings for the June quarter on Tuesday. The report will be followed days later by peer SK Hynix Inc.’s massive ADR listing.See omnystudio.com/listener for privacy information.

Las bolsas encaran el inicio de la segunda mitad del año, en medio de la rotación de los inversores que miran más allá de la tecnología y de la IA, tras su fuerte desempeño de la primera mitad del ejercicio y pendientes del próximo catalizador que van a ser los resultados del segundo trimestre que arrancarán oficialmente la semana próxima con la gran banca americana. En la agenda económica de la semana, la gran cita de la semana llegará con las actas de la FED, la balanza comercial de EE.UU, ADP de empleo privado; también datos de IPC en China y grandes economías europeas como Francia y Alemania. También captarán la atención la actualización de las perspectivas económicas mundiales del FMI. En plano empresarial, SpaceX entra en el Nasdaq 100, SK Hynix debuta con ADR en el mercado de EE.UU. y Samsung lanza sus previsiones. En la tertulia de mercados de Capital Intereconomía, Jacacobo Blanquer, consejero delegado de Tressis Gestión; Francisco Burgos, director de negocio institucional de Cobas AM; Manuel Rodriguez-Arias, Socio de Azvalor y miembro de Relación con Inversores y Diogo Pimentel, analista de inversiones de Magallanes analizan el momento de la renta variable, las expectativas en torno a la IA y el peso de la tecnología en las carteras, mientras evalúan las expectativas de tipos de interés con Kevin Warsh al frente de la FED, en medio de las noticias sobre el conflicto en Irán y las expectativas sobre inflación.

今年秋季帶你走進世界最美「楓」景~ 美加東五大賞楓勝地，遊船穿梭尼加拉瀑布。 可樂旅遊 台中出發星宇直飛， 日本關西、四國，紅葉秘境x溫泉饗； 韓國釜山，紅葉銀杏x國際煙火節。 今秋你想感受哪一種「楓」情？ 限量團位，快搜尋「可樂旅遊」與你分享世界的美好~ https://sofm.pse.is/9b92j2 －－－－以上為 SoundOn 動態廣告－－－－

[깊이 있는 경제뉴스] 1) 日 금리 인상 가능성에.. 커지는 '엔캐리 청산' 공포 2) '빅쇼트' 주인공도 공매도.. 반도체 비관론 퍼진다 3) 홈플러스 회생 무산.. 2천억 확보 못 하면 파산 - 한국경제신문 조미현 기자 - 머니투데이신문 김근희 기자 [친절한 경제] 하이닉스가 ADR 상장하면 배당·의결권은 어떻게 되나요? - 청취자 신영준 씨 2배 레버리지 ETF들은 상·하한가폭이 어떻게 되나요? - 청취자 마재영 씨

Frank and Tim grab a couple of citrus wheat ales and head to the theater for Supergirl, the DCU's next step after Superman. The verdict: liked it, didn't love it — an earnest, surprisingly un-cynical B-movie with a great cast, gorgeous practical aliens, and a message clearly aimed at kids it's frankly too dark to show them. Along the way: the Casablanca clue, Lobo done right, and a genuinely unhinged detour into Augustine vs. Aquinas. Cheers! Beers of the Week Sam Adams Summer Ale Harpoon UFO White In this episode Who is this movie even for? Dark subject matter vs. a "you don't have to be perfect to be good" message Krem, and whether every villain really needs a backstory James Gunn's fingerprints and director Craig Gillespie (I, Tonya) The kill — did it undercut what Kara just told Ruthie? As the former hosts of the top Supergirl podcast on the internet… (RIP Supergirl TV Talk) Bradley Cooper & David Krumholtz as dueling Jor-Els Momoa's Lobo: a better fit than Aquaman The Casablanca clue — "she's Rick" Augustine vs. Aquinas: the actual theology of Supergirl Earning the suit from the inside out (the anti-Spider-Man: Homecoming) Chapters 00:00 Welcome — hop on the magic space bus 00:46 Beers of the Week 02:18 Spoiler-free: "liked it, not loved it" 04:34 Box office & the half-empty preview screening 07:38 The trailer delivered exactly what it promised 09:41 SPOILERS start 10:41 The message: you don't have to be perfect to be good 11:26 Who is this movie even for? 12:12 Krem, and do we need every villain's backstory? 15:17 James Gunn's fingerprints & director Craig Gillespie 16:52 The kill — did it undercut Kara's message to Ruthie? 19:09 Krypton, Allura's ADR backpedal & Jor-El 24:31 "The former hosts of the top Supergirl podcast…" 25:16 Kryptonite overload: they keep depowering Kara 28:18 Bradley Cooper & David Krumholtz as Jor-El 30:37 Lobo & Momoa: an agent of chaos done right 33:38 The aliens, practical makeup & Fifth Element vibes 35:56 James Gunn needle drops & the iPod 36:43 Kara vs. Clark: why she isn't the optimist 37:28 Augustine vs. Aquinas: the theology of Supergirl 39:45 The Casablanca clue — "she's Rick" 40:31 Earning the suit from the inside out 44:19 Final verdict: glad we saw it on the big screen 45:50 The better movie that got tampered with 48:07 Where to find us

Send us Fan MailNick Purslow returns with an update on Posh Outdoors and their latest partnership with Lagom Retreat.  Connor & Nick compare what is working right now to launch and market boutique outdoor resorts. We swap real numbers, real trade-offs, and the details behind filling high-ADR cabins through video, paid ads, reviews, and distribution. • Posh Outdoors revenue share partnerships with landowners and modular unit deployment • Skyridge performance as proof of concept and why operator quality drives reviews • Lagom Retreat marketing takeover and what “brand” looks like on the ground • Clear Summit Investments and what asset management looks like in outdoor hospitality • Ponderosa Pines Resort launch strategy including product story and honest positioning • LaunchBoom style VIP deposits to pre-sell bookings and validate demand • Video-first social strategy for Instagram Reels and TikTok plus repurposing into paid ads • Influencer collaborations including local fit, admin burden, and how to de-risk outcomes • Email capture and welcome flows that convert interest into bookings • SEO, AI search, Google paid search, and why reviews matter more than ever • Review generation systems using QR codes, post-stay texts, and service recovery • OTAs versus direct booking, plus tools to capture guest data and sell upsells If you're an accredited investor looking to put $50,000 plus to work in Posh Outdoors you can reach out to Nick at nick@posh-outdoors.com. We work really hard to bring you the best content from the best operators in our industry and we do it all absolutely free of charge. All we ask is that you consider leaving us a review on Apple Podcasts or Spotify so we can keep the momentum going. Simply go to the homepage of the podcast and scroll down till you see the stars. Thanks for your support and let's keep getting more people outside.This podcast is powered by Sage Outdoor Advisory, the industry leaders in feasibility studies and appraisals. 

#高雄 正義站&黃線捷運計劃，平面車位3房全新完工 實品屋預約鑑賞中。正義站通勤南科，未來捷運串連衛武營、Lalaport。正義公園，風景入門廳 。陽明國中自由學區07-7801988 洽澄清路227號 https://sofm.pse.is/9an8ge －－－－以上為 SoundOn 動態廣告－－－－

#高雄 正義站&黃線捷運計劃，平面車位3房全新完工 實品屋預約鑑賞中。正義站通勤南科，未來捷運串連衛武營、Lalaport。正義公園，風景入門廳 。陽明國中自由學區07-7801988 洽澄清路227號 https://sofm.pse.is/99uedy －－－－以上為 SoundOn 動態廣告－－－－

Since we had a technical problem with Amir, Boone joined the podcast and discussed ADR 29.Swap now https://swap.thorchain.org/ THORChain is a decentralized crypto exchange. THORChain is the first and biggest DEX for Bitcoin. You can use any self custody wallet to swap and there's no KYC required.

#高雄 正義站&黃線捷運計劃，平面車位3房全新完工 實品屋預約鑑賞中。正義站通勤南科，未來捷運串連衛武營、Lalaport。正義公園，風景入門廳 。陽明國中自由學區07-7801988 洽澄清路227號 https://sofm.pse.is/99xz8m －－－－以上為 SoundOn 動態廣告－－－－

What does it take to survive—and thrive—through 15 years of nonstop change in the short-term rental industry? In this episode of The STR Data Lab, AirDNA Chief Economist Jamie Lane sits down with Brian Egan, Co-Founder and CEO of Evolve, to unpack the evolution of one of the industry's earliest and most influential companies. From launching before Airbnb became a household name to navigating COVID, supply surges, regulatory shifts, and today's AI revolution, Brian shares hard-earned lessons from building through every phase of the market.The conversation explores how Evolve pioneered an asset-light management model long before it became a trend, why the industry's post-pandemic hangover was more challenging than the boom itself, and what it takes to maintain growth when market conditions are constantly shifting. Brian offers an owner-focused perspective on performance, explaining why metrics like RevPAN matter and how operators can adapt as supply, demand, and traveler behavior continue to evolve.Jamie and Brian also dive deep into the transformative role of AI. From guest communications and revenue management to product development and operational efficiency, they discuss how technology is reshaping the way vacation rental businesses operate—and why the companies that combine strong foundations with rapid innovation will be best positioned for the next chapter of growth.You don't want to miss this episode!Key TakeawaysThe strongest businesses are built for long-term market cycles. Evolve's 15-year journey highlights the importance of staying focused through both industry booms and downturns.RevPAN remains a critical metric for understanding owner success. Looking beyond occupancy and ADR provides a clearer picture of real property performance.AI is becoming a force multiplier across every part of STR operations. Guest support, listing optimization, revenue management, and product development are already seeing meaningful gains.The future belongs to flexible management models. Owners increasingly want a balance of professional support, operational efficiency, and control over their assets.The industry's fundamentals remain strong. Despite recent challenges, growing travel demand, shifting consumer preferences, and continued innovation point toward a promising future for short-term rentals.Sign up for AirDNA for FREE

[깊이 있는 경제뉴스] 1) SK하이닉스, 내달 美 ADR 상장.. 최대 45조 조달 2) 삼성·SK, 호남에 수백조 투자.. 반도체 클러스터 만든다 3) 정부, 대기업 성과급 잔치에 이사회·주주 제동 검토 4) 정부 "닥치고 지어야".. 주택난 해법으로 공급 확대 강조 - 연합인포맥스 정지서 기자 - 하수정 경제 전문 기자 - 아시아경제 이승형 기자

Part I: The Architecture of the Guest ExperienceLa Bottega Collective designs and produces the physical and sensory touchpoints of the luxury hotel stay, from bathroom formulations and textiles to amenities, gifting, and retail, working with 15,000 properties across 117 countries, from the world's most recognized hotel groups such as Aman and Four Seasons, to the finest independent properties such as Passalacqua and Il San Pietro di Positano. Tommaso Pacini, CEO of La Bottega Collective, argues that the guest experience is not a collection of amenities but a coherent sensory language, and that the hotels who understand this are the ones building something guests cannot find, replicate, or buy anywhere else.In Part I of this episode, Tommaso walks through how La Bottega Collective reads a property before designing a single touchpoint, why the choice between licensed and fully custom product programs is ultimately a question of time and conviction rather than budget, and how the most effective guest experience artifacts extend the emotional memory of a stay well beyond checkout.Thank you La Bottega Collective for making this episode possible. Learn more and get in touch with La Bottega Collective ⁠here⁠.Follow La Bottega Collective on Instagram ⁠here⁠.Part II: The Developer's Playbook: Building a €3B European Lifestyle & Luxury Hotel Portfolio with David ZisserEpisode starts at (17:22)David Zisser is the founder of Omnam, a €3 billion European hotel development and investment platform with a portfolio concentrated in lifestyle and luxury assets across Italy and key European markets. His recent projects include the Edition Lake Como, W Rome, which he credits with catalyzing what W Hotels internally called its 2.0 positioning, and the Hotel Bauer Venice, acquired out of a bankruptcy process in partnership with Mohari Hospitality and flagged with Rosewood. He is currently developing a proprietary hotel brand, with a Paris property featuring Pharrell Williams as creative director serving as its first expression.Omnam operates across the full development stack, from site identification and capital structuring through to brand selection, design intent, and operational oversight. Omnam's LPs include institutional investor Bain Capital, and Mohari Hospitality, with whom David has built a partnership centered on a shared conviction about where luxury hospitality is heading. Omnam has worked with several major third party operators, and that breadth of exposure now informs both its underwriting discipline and its decision to build its own brand from a position of genuine industry knowledge rather than ego.In this episode, Nadine sits down with David to explore what it really takes to build a multi-billion euro development platform in luxury hospitality, from navigating fundraising from institutional capital and large family offices to acquiring one of Venice's most storied hotels out of bankruptcy.INTERVIEW HIGHLIGHTSDavid's deal framework, and why any project where success is contingent on factors outside Omnam's control is a passHow the Hotel Bauer acquisition came together out of a bankruptcy process, with competing global bidders, layered political dynamics, and a timeline that tested everyone involvedUltra-luxury brand dilution and which operators are most exposed as generational wealth transfer acceleratesDavid's view on ADR stabilization, total in-hotel spend capture, and why the P&L conversation that matters most is not the one most investors are havingWhy David believes hotel operators should exit F&B operations, and what a properly aligned fee structure looks like from an owner's perspectiveThe tension at the center of building a scalable brand from a singular, heritage-driven flagship assetWhat David learned from managing institutional capitalLearn more about Omnam's portfolio ⁠here⁠.Follow Omnam on Instagram ⁠here⁠.

More killer animals this week, now with added radioactive waste! We're heading to the tropics to investigate rumors of a KILLER CROCODILE (1989) and likely lose some limbs in the process. This Italian mess really shines when the ADR is off, the acting is over the top, and the croc animatronic is front and center (which is, thankfully, pretty often). The plot beats aren't anything you haven't seen before, but man, that croc looks awesome when it's chowing down on people who didn't take Matt's advise to STAY OUT OF THE DAMN WATER. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join our Patreon⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Buy Some Merch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join our Facebook Group⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Check our Letterboxd⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Craig finally has his ADR's and he's got some bangers. Still has a moan like but here we are. Ryan shares his plans too but judging how Craig did, he shouldn't have a problem. Also our newest member joins the team for the last 5 minutes

NYU IHIF 2026 was full of insights and thought leadership from some of the best and brightest hospitality professionals in the industry.  In this episode of the Suite Spot, you will get to hear from some of the most influential and biggest names in hospitality in the exclusive interviews we were able to cover at the event.  NYU IHIF is the epicentre of hospitality brands, capital, and fast-paced dealmaking – opportunity moves fast, and so should you. This is where the rebound takes shape, where leaders uncover what's next, and where relationships turn into real transactions. Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. I’m your host, Ryan Embree. Hello everyone. Welcome to another episode of the Suite Spot. This is your host, Ryan Embree and VP of Marketing here at Travel Media Group. Cassady Quintana: And I’m Cassady Quintana, Brand Ambassador here at TMG. Ryan Embree: And today we are fresh back from NYU IHIF 2026. My second time in attending this incredible event. Cassady, your first, what were your thoughts? Cassady Quintana: Yeah, I thought overall was a great event. A lot of optimism, especially as we’re heading into the summer season. So I thought, you know, the conversations that we heard on the panels and the ones that we were having with people were awesome, and a lot of you know, good things coming out of that. I feel like the biggest topics that I heard, there were three major takeaways I took from a lot of the panels and people we were talking to, but one being that K-shape economy that we’ve heard a lot about, right? We know that luxury is still outperforming while economy segments are feeling a little bit more of that pressure especially as we head into this summer season and looking at some of those trends. And then I think one of the biggest topics we have been talking about since the beginning of this year is the World Cup and how international travel we thought was gonna be booming. We were expecting a lot of busy hotels, but it’s kind of been on the softer side, and we’ve actually seen international travel dip a bit. So I think right now we’re kind of in that wait and see period of maybe you know people are waiting to see if their teams make it out of the group stages and then they’ll plan on booking a hotel. So keeping an eye on kind of that last minute travel. But the biggest topic that we were talking about a little bit last year, but the biggest one this year is AI and how hotels are using that within their systems. You know, there’s a lot of trends around using that for more personalization and being able to use it to look at your, you know, revenue optimization and how you’re performing online. So finding ways that we can use AI that doesn’t take the hospitality out of hospitality and doesn’t replace that human element. But that kind of went with that overarching theme of the entire event, which was sharpening the edge. So the thing I took from that is that the hotels that are really gonna win are the ones that are understanding their guests and using AI to further that, to further get to know their guests, to make that experience a little bit better. Ryan Embree: You know, and we had some incredible conversations and interviews with some professionals that we’re gonna share here in a second. But just to kind of jump on what Cassidy’s saying, we’re at a really cool inflection point in our industry right now as we go gear towards the busy travel season. So it’ll be interesting to see, you know, we had the opportunity to meet with development person from Minor hotels who’s looking to bring their brand into US and Canada, which will be very interesting. We know how they have a huge global footprint, a lot of interest early on in getting into the Americas. Uh, we then visited with AHLA and Kevin Carey and his team doing such wonderful work over there advocacy for our industry and some really cool initiatives that we were able to sit down with Kevin for a few minutes and chat about, uh, Jan Freitag from STR our hotel Data North Star and compass. They just released a revised forecast for the hospitality industry. So we went over some major points of that revised forecast and finally we got the opportunity to sit down with president and CEO Best Western Larry Cuculic. What a wonderful conversation about the best Western brand and how they are implementing, um, some of that AI and technology into their brand, and capitalizing on not only the World Cup, but also America 250. So wonderful insights that you’re only gonna find here on the sweet spot. Thank you for joining us. We hope you enjoy these exclusive interviews from NYU IHIF 2026. Hello everyone. Welcome to another episode of The Sweet Spot. We are live on location at NYU IHIF 2026 here with Genna, the VP of US and Canada Development for Minor Hotels. Genna, thank you so much for taking the time to stop and the busy big apple and talk with us today. Genna Panagopoulos: Thanks for having me. Ryan Embree: Excited about, this show. A lot of energy, a lot of buzz. You know, when you come to an NYU talking to ownerships, a lot of capital here, what are the conversation kind of stem around, and what does a successful NYU show look like as you head back to your home base? Sure. Genna Panagopoulos: Successful NYU would really be finding some deals, perpetuating some deals. So hopefully advancing some opportunities and it’s really all about for right now because we’re relatively new into the region. Educating our owners and the, the broader development community. So, you know, some of, some of the players do already know us, but in the luxury space, but there’s a lot of people we gotta get out in front of and introduce Minor hotels to. Ryan Embree: And this is a great place and, obviously a great city to do that in. What has been kind of the feedback? I mean, you’ve been tasked with this enormous job. We have such a great brand, worldwide, you’re bringing it here to us, Canada, and North America. What have been some of those initial conversations and hearing that and initial interest and feedback from owners? Genna Panagopoulos: Yeah, we’ve had a lot of feedback and interest on Anantara. So some of our, you know, established luxury brands that are pretty well known when you know the luxury hotel space in a global environment. Sure. So those owners have actually come to us saying, we’re really excited about the opportunities here. So that’s one piece. Of course we have NH Hotels, NH collection, and NH, which are very well known brands, especially in Mediterranean, Europe. Yeah. And, Central and South America. So there’s excitement around that too. Ryan Embree: Does it help, I mean, having such an international brand, we got the World Cup here, right? In a couple months. You kind of using that as maybe some momentum as you kind of come into, and introduce this brand into the Americas. Genna Panagopoulos: Absolutely. There’s a lot of, you know, I’m also educating Minor of the markets we wanna be in and so that’s definitely helping as well and putting some places on the map. Ryan Embree: And let’s talk about that because there’s been some announced projects already right here actually in New York. Talk about that project a little bit. Genna Panagopoulos: Yes. Thanks for asking too. We have a Worsely Hotel that’s opening, here next year. It’s gonna be super exciting because Worsely is a restaurant brand that we are taking into the hotel space. So it’s the first of its kind and nowhere better than to start in New York comes from London. So there’s a lot of correlation between the two markets. Ryan Embree: One of a kind hospitality venue and a one of a kind city, so. Exactly. But another project we’re really excited about just ’cause we’re home based, obviously in Orlando right down the road, a bright line away in Miami. Talk to us a little bit about that project and how that’s different. Yeah, Genna Panagopoulos: It’s a high rise building built in Miami. Hasn’t started construction yet, but it’ll open in 2030. It’ll be an Anantara hotel with branded residences, both private branded residences and, um, ones that will be able to be rented to hotel guests as well. Super wellness oriented. There’s gonna be a really extensive spa. Right. Very experiential. Wonderful for the residents that are gonna be buying, the residence. Ryan Embree: It’s incredible. It sounds like you guys are really taking care of all of the kind of popular travel trends right now. Right. FMB has really had this resurgence in hospitality with the project here. Wellness, obviously a huge piece of what hospitality is leaning into and what travelers are looking forward to. So having that flexibility between the brands too, I’m sure is a definitely a fun place to be when having these conversations with owners. But you talked about another project in Turks and Caicos. Genna Panagopoulos: Turks and Caicos. So we have an Anantara in Turks and Caicos that I believe will open in 2029. So in order we’ll have one in New York next year, and then 29 on Ontario trips and Caicos 2030, Miami. Ryan Embree: So no shortage of news on the Minor Hotel side. Congratulations to you and your team. Thank you. As you wrap up, I mean, what’s your vision? What’s your goal? As you bring Minor Hotels into the North American region? Genna Panagopoulos: Yeah. Well, if I think about next year at NYU, I hope people, more people are coming towards us. Excited about us being a different brand a different mindset. So we offer, we think of ourselves a little bit differently from the parent brands that are already established here because we have, you know, ownership still of most of our portfolio or we lease most of our portfolio. Um, so I hope there’s more inbound traffic coming towards my way. I hope people generally just walking down the street know us a little bit more. Certainly. You know, white Lotus helped us with Anantara, so there’s a lot of people who Oh, yes, are are diehard Anantara fans because of that. But that’s what I’m hoping for. And eventually we’d love to have an office here. So as long as we do our, our, our work, right, we, we get a strong pipeline, we’ll be able to have an office, a regional office in, in North America. Ryan Embree: Incredible. Well, super exciting. Can’t wait to catch up on all the exciting projects that you have at Minor Hotels. This is the first of a couple collaborations we’ll be doing with Minor hotels, so make sure you stay tuned. Congratulations again, Genna. And thank you for taking the time to speak with us today. Genna Panagopoulos: Thanks for having me. Ryan Embree: Hello everyone. Welcome to another episode of The Suite Spot. We are live on location, New York City at NYU IHIF. I’m here with Kevin Carey, President and CEO of the AHLA Foundation and COO of AHLA. Kevin, not your first time on the Suite Spot. Appreciate you taking some time and joining me here today. Kevin Carey: It’s lways a pleasure to spend time with you. Ryan Embree: Yeah, it’s fun.Incredible event so far. NYU obviously AHLA, AHLA Foundation Forward has a huge presence here. What does, you know, when you come to the event like this, we always talk in hospitality, these events are always going to exist no matter what. Technology comes down the pike because hospitality, we’re people, right. We like connecting. What is a successful NYU IHIF look like for you and your team? Kevin Carey: Well, It’s always an important period of time in the year at, as we approach midyear to check in with our members, to have that conversation about the advocacy issues we’re leading on behalf of the industry to hear how the business performance is tracking as well. And just to build enthusiasm and engagement for the events and the initiatives that we’re leading, not only in the association, but with the foundation as well. Ryan Embree: And none more important than the No Room for Trafficking initiative that you and your team have done some fabulous work on. I mean, we have all sorts of brands up on stage, sometimes with differing opinions here and there, but one cause that everyone in our industry has really gotten behind, and it’s the work of you and your team, is this No Room for Rrafficking? We always like to spread awareness of this. Talk to us a little about, about on that front and the progress you’re seeing and making. Kevin Carey: Well, this is a longstanding commitment that the industry has to human trafficking prevention and awareness. It started in 2019 with the development of the No Room For Trafficking Initiative and its focus on training and expanded in 2022 to include the Survivor Fund. So this is an area where AHLA and the foundation specifically serves as a convening entity to bring the industry together to rally around this important issue to work, to build awareness that’ll drive prevention of human trafficking, and also to gather funds to help support survivors. So this is a commitment not only on a longstanding basis, but also on a going forward basis as well. Ryan Embree: And such inspiring stories that you’ve told over the years. And people, you know, hoteliers and other people listening to this can really get behind and encourage people to kinda look at that initiative. Another kind of initiative that you’ve done in these events that, when we’re talking about these events is forward. We had a record breaking attendance a couple months ago in the spring. Talk to us about how that is. And you actually have some of those the forward initiatives here at NYU. Kevin Carey: We do within the foundation, our mission is to advance the workforce of the industry. And we do that through a focus not only on the current workforce, those over 2 million associates and colleagues who deliver hospitality day to day, but also how do we attract the future workforce to the industry. I talked about being a convening entity. The foundation brings together the industry across all segments. And there’s two areas where we believe we can make a difference. One is around human trafficking that we just spoke about, but also around the forward initiative which is geared towards, and its purposes to advance women in the hospitality industry and in leadership roles in the hospitality industry. So we were delighted to host our most recent forward conference in Atlanta, back in April. And the results were outstanding but really the momentum and the impact that that forward is having is really, which has us so enthusiastic and committed to this initiative moving forward. Ryan Embree: Yeah, that’s gotta be so cool to see industry leaders in hospitality raise their hands and want to be a part of this movement and really see the results from that. Kevin Carey: Well, it’s grown from just being a conference, that started in 2018 and had about 150 people at the first event to now over 1100 attendees. But as it as it has expanded from a conference to a leadership development curriculum. And you mentioned the forward exchange, which took place, here in New York earlier today, where it brought together over a hundred early and mid stage career and professionals of women and some men who are participating along with their peers to focus on networking and building those relationships so they can be well suited and take on roles, over time in the industry. Ryan Embree: Really cool to see. And again, probably some incredible stories coming from that over the years as the as the initiative matures. One thing that, that hospitality in general, really looking forward to, we got big summer, right? We’re usually really excited about summer is just ’cause of the travel season, kids being outta school. But this summer in particular, we’ve been looking forward to for a couple years. We got World Cup on the horizon, finally. We played just a couple miles from here and in America 250. What are you kind of hearing from hoteliers and how are AHLA really, gearing up for these big events, showcasing our industry? Kevin Carey: Well, these are really defining opportunities, for the industry to support those guests to welcome that demand, to drive the hospitality infrastructure over time. So there’s a lot of enthusiasm around the potential that that represents and as we’ve seen on stage already today the results in the first part of the year for the industry have been positive. a number of the outlooks are increasing the Revpar and ADR and other industry metrics, here with the these large events we are still waiting to see some of the demand materialize and we’re in a critical period of time right now, about 10 days out before the games to see that hopefully what’ll be a late surge in bookings, then translate into further business success for the industry. Ryan Embree: Yeah. Hopefully, and hopefully see that international travel continue to come back to North America, you know, a lot of hoteliers, hoping for that. Zooming in a little bit on a AHLA summertime, also time for interns, right. Come in and we’ve talked about this before. I mean, internships, mentorship in hospitality. So critical. I mean, throughout the years we’ve had these staffing shortages and we’ve talked about getting creative, our industry, getting creative on ways to fill those roles, internships being one of them. Talk about a little bit about the AHLA internship program and what these interns are are ready for this summer. Kevin Carey: Well, it’s not new. We’ve had a well established program from a number of years now. And, and we’re excited annually to bring a number of interns into our team across each function. we’ll have an interns in the government affairs team, in marketing, in the foundation. it’s so refreshing to engage them in our work to see their enthusiasm about their future to see them pick up valuable skills and experience of being in an office environment, learning more. And you know what? They, they have a real impact. They have some fun along the way as well and we have a wonderful session at the end where they get to present the results of some of the work in the initiatives that they’ve been working on. So it’s an annual opportunity that we look very forward to. And they’ll be starting just in about a week’s time. so it’ll be a great another repeatevent for us. Ryan Embree: Yeah. Love to see it. You know, again, any way that we can have more exposure to all sides of hospitality. Beause as we know, it’s not just, you know, the front desk. There’s so many elements to it and there’s none more demonstrated by how big our hospitality industry is than by the hospitality show that you put on. And this year is gonna be right in our backyard. In Miami, Florida. Get us a little bit excited about what we can expect at this year’s fourth annual. This is our fourth Hospitality Show, correct? Kevin Carey: So we started in Vegas, went to San Antonio, we’re in Denver last year. A lot of enthusiasm coming out of Denver for the content. And then what’s unique about the hospitality show is it’s really the only conference in the industry with a focus on operations and how operations is driving profitability. So there’s a terrific enthusiasm and people are looking forward to being in Miami, coming together in Q4, all segments of the industry represented. So we’ll have the brands we’ll have management companies, owners, service providers, suppliers, independent hotels also play an important role in the industry. So we’re about to open registration and that’ll really kickstart, the focus on November 2-4 in Miami. Ryan Embree: Well we’re looking forward to it. We’re hoping to go 4/4 on covering the hospitality show. Especially with it being right there in our backyard. Kevin, we know you’re busy. Thank you so much for taking the time to speak with us today on some of these important initiatives. And hopefully we’ll see you in Miami in just a few months. Kevin Carey: Hopefully I have something else on. Ryan Embree: Alright. Appreciate it. Thanks. Kevin Carey: Thank you so much. Ryan Embree: Hello everyone. Ryan Embree. here live at NYU IHIF 2026 here with Jan the National Director of Hospitality Analytics at CoStar. Jan, you were just on a panel. Thanks for taking the time to jump off and speak with us. Jan Freitag: Absolutely. Ryan Embree: State of the state, love the name obviously you’re the north star of hospitality data out there. Jan, revised forecasts just came out. Talk to us a little bit about those points that you were sharing with the audience today. Jan Freitag: So we’re suggesting that RevPAR this year is gonna grow 2.8%, which is very different from the way we looked at the world at the ALIS Hotel Investment Conference. First quarter performance was much more stronger than we had expected than the public traded companies had expected the brands or the …. And a lot of them have revised their year end forecast up. So, you know, we followed suit. Now they, most of them just revised their forecast by the outperformance of Q1. But we’re suggesting No, no, there’s momentum. So we actually took our forecast up by a lot more to 2.8%, 2% driven by ADR and 0.8 by occupancy, which is really good to see. ’cause it implies that demand is outpacing supply. You know, so we get occupancy gains and then some pricing power. Ryan Embree: Love to see that. I mean we were here a year ago with Amanda who is talking about trying to decipher through the noise, a lot of noise right now. But great to see the momentum with those revisions and so important to have those revisions because the landscape can change ever so rapidly as you know. But talking about the supply, talk to us a little bit, go into a little bit more in depth and then obviously every market is different. What markets right now are running a little bit hot on supply? Jan Freitag: Yeah, so fational forecast for Supply goes to 0.4%, not a whole lot. Right. The long run average is 1.6, so we’re well below that. The number of rooms in construction used to be between, we know, 150,000 – 160,000. It’s now 140,000. So it’s sort of staying there. It’s just so expensive to get anything done. And interest rates are still high and could go higher. Who knows, we’re not making interest rate forecast. But you know, there’s definitely no longer this idea of how we should cut, you know, interest rates twice this year or so. I think those days are gone, you know, and so now the question is, okay, so where are people getting things done? And you can look at it by markets. So a couple of them are usual suspects. So Nashville, very strong, Dallas, Houston, Denver, Phoenix. So those are markets sort of in the smile states, sort of in the Sunbelt that still get a lot of people moving there. And you know, migration determines the economic performance. And so we’re seeing a lot more room supply growth there, but there’re just a lot of markets where it’s very, very hard to get anything done because of that higher cost of construction and of the higher interest rate. So I would single out those markets, but overall the picture is rather muted. On the supply side. So what that means then, for existing owners is the time to renovate is right now percent. Because you want to be the new kid on the block with the new hotel, there’s not a lot of new competition coming. This is time to renovate and really put your best foot forward. Ryan Embree: A hundred percent. And you know, one of the other topics we talked about, or you talked about rather on stage was segments right now luxury, doing very, very well leading the way. Obviously a lot of bifurcation, that K-shaped economy. What are you seeing across the segments right now? Jan Freitag: Yeah, I mean there are no wrong answers in luxury, right? I mean, luxury last year was the winner. This year is the winner. We’re projecting, very healthy RevPAR growth double of what we’re saying for the nation. We think the luxury class can materialize. And then what’s really nice to see is that for upscale upper midscale midscale, there’s also RevPAR growth there, which we hadn’t seen last year. And to me that speaks to the strength really of the American economy. But it sort of permeates toward all income classes. Now the exception is was and unfortunately will be likely the economy sector now even there we’re suggesting RevPAR’s growing, but it’s just, you know, 0.8% call that flat for all intent and purposes. Ryan Embree: International travel too, obviously World Cup on the heels of this. What are you see any interesting data points there you wanna share just right ahead of the America 250 and World Cup? Jan Freitag: There are two very different vibes coming from the panel that I was on. Adam Sacks prior to US presenting was talking about, oh wow, international inbound is really still quite a bit lower than it was in 2019. But the gentleman from the NTTO, the National Travel Tourism Organization was like, no, we’re projecting rock and roll, really strong growth of international inbound. The truth is probably gonna somewhere in the tween this year. World Cup is gonna drive a lot of international travelers. What I’m wondering about though is are some of those travelers basically stealing from 2025 and from 2027 and now they’re saying, oh, let’s not go in 25, let’s go in 26. And then when next year comes around, they’re like, we just went to the us you know, and not go in 27 either. So I just hope that the more positive spin from the government comes true and this and, and not that we’re just sort of packing everything into this year and then international inbound is gonna deteriorate. Ryan Embree: So many interesting data points. Anyone in particular you have your eyes on where, you know, obviously we love a nice rosy outlook and try to look for opportunities through all of the data that’s out there, but anyone’s that are like unexpected data points or something that you’re at least keeping an eye on right now? Jan Freitag: Yeah, so there are a couple, but the one that I’m really focused on is consumer price index. Everything is getting more expensive and so that means that hotels will see their cost increase. And the big question then is how much of that cost increase can they pass on to the customer? And I just told you that our ADR forecast for this year is 2% and inflation is gonna be what, 3.5 or something? I mean, it’s gonna be much more than that outpacing that. So that’s really the crux and I think that’s what we here at NYU, to talk to owners and investors and management companies have figure out, okay, so how can we keep our margins expanding even maybe how do you do that in this environment where top line growth may be not keeping pace with with inflation. So the CPI number is really something I’m keeping an eye on. Ryan Embree: Yeah, pretty challenging time right now. when it comes to margins and hospitality that we, again, trying to suss out and figure out here, what are those maybe opportunistic data points that you’re seeing that you’re saying this, this is really good, maybe unexpected on the other end of the spectrum? Jan Freitag: Yeah, I think the Americans are wealthier than they ever have been. And Adam Sachs has this fascinating data point where he shows at the emerge that the middle class in America is shrinking, but part of it is because a lot more people are rich. So people are moving up the income chain and that allows ’em then to spend more money on experiences, very clear that people favor experiences over goods. And we are right in that Suite Spot. Ryan Embree: That continues to be the experience over stuff. We love to see that. And then you’re kind of here celebrating an anniversary/birthday of your podcast, is it? You know you’re, you’re usually, typically used to be in the host, not so much the guests, so thank you. Tell us a little bit more and maybe where our hotel audience can find the insights that you provide. Jan Freitag: Yeah, and thank you for having me. So we have our own podcast. My colleague Isaac Collazo from STR and myself get together once a month. It’s called Tell Me More, A Hospitality Data podcast. And three years ago at juniors across the street over cheesecake, we sort of hatched the idea. And so now we’re, I don’t know, like, you know, almost 30 episodes into it. And we get together once a month and we just sort of riff on the data and hopefully you can join us. Ryan Embree: I love it. That’s awesome. Well, Jan, thank you so much. Very busy time. Appreciate you stopping by and talking to us. Jan Freitag: My pleasure. Thank you so much. Ryan Embree: Alright. Hello everyone. Ryan Embree here with the Suite Spot. We are live at NYU IHIF 2026 here with Larry Cuculic, President and CEO of BWH Hotels. Larry, thank you so much for taking time outta your busy schedule to join us here on the Suite Spot. Larry Cuculic: It’s my absolute pleasure. Thank you for the invitation and for allowing me to share some thoughts with regard to the success and BWH hotels. Ryan Embree: Yeah. We’ve got a lot to cover cause you’ve got a lot going on right now. But let’s start with this event, right? NYU IHIF, lot of major brands here what does a successful NYU look like for you and your team? Larry Cuculic: To us, a successful NYU is interacting with developers and investors such that they’re aware of what BWH has become. We’re now 18 brands, over 4,000 hotels in over a hundred countries and territories from premium economy up to luxury hotels. We acquired world hotels about six years ago. And so it really is continuing to educate about the possibilities of their associating with BWH hotels because we would be singularly focused on their success if they partner with us. And you’re also in a powerhouse panel tomorrow, the Executive Exchange Hospitality Performance Strategies for Success give our audience a little bit a sneak peek of what you’re gonna be talking about on stage. Larry Cuculic: Well, we’re gonna be talking about of course, the economy near term as well as long term projections for what that looks like. we’ll be talking about the importance of loyalty programs. We’ll be talking about the impact of really the economy and things like labor insurance and how we as brands need to focus on the success of our hotels by offering them programs to really offset that impact on net RevPAR. Ryan Embree: And I’m sure one of the subjects and topics that we brought up on your panel, certainly something we talk about these hospitality events is, AI and technology. And we had the privilege of having SVP and your CTO Bill Ryan on at the Hospitality Show a couple months in October, gave us a little bit of lay of the land when it came to AI and technology. How do you feel personally that this technology is really changing the way that travelers choose hotels, but also how they have their hotel experience, their guest experience? Larry Cuculic: Sure. So the first thing we’re doing is we’re reinvesting in our .com as well as our app. And we want them to be easy to use intuitive, but we also wanna make sure they have content that convinces guests when they’re shopping that our hotels will provide them kind of that customization and personalization. ’cause it’s not about a commodity, a hotel room, it’s about all those things that we can offer. By way of example we’re partnering with an AI agency to kind of harvest content with regard to where our hotels are located in those communities. At the same time, we’ll take that harvested content and we’ll filter it through our hoteliers who live in those communities and create the content that will be the AI answer when somebody’s looking for a place to stay. And they’ll know that we want them to have the best possible time while we’re in that community, not just staying with us as a hotel, that we recognize that people don’t want just to stay, they want really a journey. Ryan Embree: Yeah. Something that we aspire in hospitality to provide that not just a hotel stay, but an experience. And we talked to Joelle Park about the power of storytelling and how that can play a component in one of the best stories, obviously that you just had a really exciting announcement with is America 250 and the story of this great nation. So talk to us a little bit about that partnership and what BWH Hotels is doing with America 250. Larry Cuculic: Well, we are a sponsor of America 250, and we’re encouraging our hoteliers to embrace the 250th anniversary of the birth of our nation. And part of that is not just USA 250, we also have the 100th anniversary of Route 66. We have hotels that have been with us, believe it or not, we have a hotel that’s been with us 75 years. And it speaks to the heritage of our brand. So we’ll be leaning into the history of this great country. At the same time we’ll be leaning into the history of our great brand and encouraging people to travel and see the United States and all that it has to offer no matter where you go. And the beauty of our hotels we have 2200 of them in North America and wherever they’re going to go, we want them to know that we have a hotel that will meet their travel leads such that they can experience really the 250th anniversary of USA. Ryan Embree: Yeah. It’s a really exciting partnership right in at an inflection point with the World Cup as well. So introducing maybe some international travel also to the brand and the nation. You know, you’re a great following on LinkedIn. I encourage our audience, if you haven’t, make sure you follow Larry, but one of the things you’re reflecting on your North American regional conferences that you’ve done up to this point in 2026 and you quoted to say that you want BWH hotels to become the most welcoming brand in the world. What does that mean to you and how is your team working to achieve that? Larry Cuculic: Well, welcoming means that we’re gracious hosts, but it also means that we’re, I’ll call it easy to do business with understanding, being flexible and recognizing that we are somebody you’d want to be partners with. Whenever anyone walks into a hotel we should tell them, you know, welcome, we’re glad you’re here by way of example. But I used to think of it that way in terms of being gracious host and everything that happens at the hotel, but when I think of welcoming, I also want to think about our new.com and app. Again, it’s that ease of use and personalization so that when you go there, we know it’s you and we want to help you make good decisions with regard to travel. So welcoming is about ease of.com, the app we’re redoing our loyalty program. I think Joel probably talked to you about that. And we want the loyalty program to be welcoming as well. Well, what does that mean? Well, that means that when you interact with us, you’ll know how many points you have. You’ll know they never expire. You’ll know that you can use them to buy down the price of a room at any point. That you don’t have to, to have as many points for a full stay to leverage those points. It’s a value of the program. And of course welcoming. I always lean into the importance of being not just a gracious host, but somebody that appreciates our guests. To me, that’s welcoming because you have to recognize that people, they’re traveling with their families, it’s something that you wanna leave a terrific impression on them and their family. And you also want them to know that we appreciate that they’ve spent their hard-earned money staying with us. To me, that’s being appreciative gracious hosts. And that’s part of the welcoming. It’s not, the welcoming doesn’t just happen when they enter. Welcoming has to be entire stay. Ryan Embree: So key. And the brands that kind of make that connection with their travelers, especially in a time where, I mean, we just talked about in this interview AI technology, there’s way more places become disconnected, to find that connection, that human to human connection. Very important right now. So as we wrap up the interview, obviously at these events we’re always, whether it’s the hospitality data we’re looking into, whether it’s a conversation, we’re always trying to take a glimpse into the future, trying to predict that future. Larry what do you see, what’s your vision for the future of BWH Hotels. Larry Cuculic: People will always wanna travel. And for us, if we can become that welcoming brand that appreciates our guests, we will build that loyalty. When we build that loyalty, that program will grow. Our revenue delivery brand direct will grow which is the lowest cost for us in terms of that reservation for our hoteliers but what I think I would also offer to you is we’re also very focused on thoughtful growth. And what that means is if you grow your loyalty program, you also wanna make sure you have hotels that are in locations where guests want to go. Be it London, be it Rome, be it Frankfurt, be it Bangkok, no matter where it is around the world. And so, you know, we have a, a focus goal of 5,000 hotels, which means we will grow thoughtfully, but with our guests in mind. And because when we have a hotel join us, our sole focus is the success of that hotel as well as having a quality hotel where guests want to go. Ryan Embree: That’s awesome. Well, we wish you nothing but success. Hopefully maybe can join the Suite Spot when that 5,000 hotel opens and we can celebrate that together. But in the meantime, thank you, Larry, for taking the time out of your day to join us here on the Suite spot. Larry Cuculic: Well, thank you. Thank you for the opportunity. Very much appreciate it. Speaker 2: To join our loyalty program, be sure to subscribe and give us a five star reading on iTunes. Suite Spot is produced by Travel Media Group. Our editor is Brandon Bell with Cover Art by Bary Gordon. I’m your host Ryan Embree, and we hope you enjoyed your stay.