Revenue from the Trump hotel in Washington, which he had been trying to sell, fell to US$15.1 million (NZ$20 million) from US$40.5 million a year earlier, according to the disclosure posted Wednesday. In Vegas, hotel-related sales were down to US$9.2 million from US$23.3 million. Another important property of Trump's, the Doral Golf Resort in Miami, also saw revenues drop to US$44 million from US$77 million a year earlier. … [Read more...] about Trump reveals extent of pandemic damage to business empire
Business
Convention, visitors business: COVID froze travel, but youth sports led recovery
“This week, 55% of Americans said they would feel guilty traveling right now and 50% have lost interest in traveling for the time being,” Berthelot told a Zoom meeting of the Rotary Club of Lafayette. “Last week only 43 percent felt this way.” … [Read more...] about Convention, visitors business: COVID froze travel, but youth sports led recovery
About 50% industry respondents feel Budget will revive their business, says Deloitte survey
NEW DELHI: About 50 per cent of the industry respondents feel that the upcoming Union Budget will revive their business, while a vast majority are optimistic about economic recovery and demand growth, a Deloitte survey said on Friday. While some respondents also feel that raising the tax exemption limit for individuals will boost private consumption and investment, about 50 per cent highlighted demand revival as one of the major working areas. "Movement restrictions, and financial and health anxiety amongst consumers have affected consumption. High precautionary savings may keep demand below pre-COVID-19 levels for a while. Some respondents also feel that raising the tax exemption limit for individuals will boost private consumption and investment," it said. The online Deloitte survey titled - Would Union Budget 2021 accelerate the industry's recovery? - posed a set of about 12 questions, including on economic revival and ease of doing business, to senior professionals across … [Read more...] about About 50% industry respondents feel Budget will revive their business, says Deloitte survey
London’s City University changes name of its Cass Business School because of Sir John Cass’ slavery links
'We recognise, acknowledge, seek to understand, and apologise for the public hurt and anger. So let us be clear: we no longer consider the Sir John Cass name appropriate to represent us and the work that we do in this century or in the future.' … [Read more...] about London’s City University changes name of its Cass Business School because of Sir John Cass’ slavery links
Tourism downturn leads to new app helping highlight local businesses
“The idea behind Go Local was to give a new platform for small to medium-sized businesses to be able to be found easily and not have to compete in the myriad of – for example – Google search, Wikipedia pages, blogs, and do it cost effectively,” he said. … [Read more...] about Tourism downturn leads to new app helping highlight local businesses
JSPL turns to profit, posts ₹2,432 cr. net
Consolidated gross revenue from operations during the quarter rose 39% to ₹11,704 crore from ₹8,430 crore in the same period last year. JSPL said the improvement was an outcome of strong performance of its steel as well as power business in India. … [Read more...] about JSPL turns to profit, posts ₹2,432 cr. net
