logo
Tourism up in Chippewa County, across the state

Tourism up in Chippewa County, across the state

Yahoo11-06-2025
CHIPPEWA FALLS — Tourism in the Chippewa Valley, and across the state, saw an increase in the past year, according to the Wisconsin Department of Tourism.
The state agency released its 2024 economic impact data Tuesday, showing Chippewa County tourism climbed by nearly 5%, which contributed to Wisconsin's third consecutive record-breaking year.
'Chippewa County's $193 million tourism impact and the 4.9% increase over last year's record highlight the area's growing appeal as a destination,' said Sue Leonard, Chippewa Falls Area Chamber of Commerce tourism director. 'It's clear that more and more people are discovering what we've always known: this is a special place. Visitors are drawn by our natural beauty, our lively festivals and events, and most of all, the warm welcome they get from our communities.'
Eau Claire County also announced it had its third straight year of growth in tourism revenue. The county generated a record $461 million, an increase of 0.6% increase over last year's $459 million.
'The continued growth in tourism spending reflects the incredible momentum we are seeing in Eau Claire County as a must-visit destination,' said Kenzi Havlicek, Visit Eau Claire executive director. 'This progress would not be possible without the collaborative spirit of our community and business partners who help create such a wonderful place to visit. From our thriving arts scene and rich cultural offerings to the scenic beauty of our outdoor spaces, Eau Claire continues to draw thousands of visitors who are discovering all that makes this region so special.'
Statewide, all-time high visitation drove Wisconsin tourism's record-breaking $25.8 billion in total economic impact last year. The 2024 economic impact surpassed the previous Wisconsin record of $25 billion from 2023.
Locally, Chippewa County also surpassed the previous record of $184 million set in 2023. The boost in visitation, economic contributions from all corners of Wisconsin including Chippewa County, and strategic investments in tourism promotion drove the state's historic year for tourism, Leonard said.
'Our packed calendar of events in 2024, from Wisconsin Farm Technology Days and the Harley Owners Group Rally to the State Dartball Tournament and all kinds of sports tournaments, kept our communities busy,' Leonard said in a press release Tuesday. 'But it's not just about big events. What really makes Chippewa County stand out is the dedication of our tourism partners and the community as a whole. Together, we've created a destination that's vibrant, welcoming, and affordable for everyone.'
Leonard noted that the chamber has worked on a social media campaign that stresses the variety of activities available locally, from outdoors options to tours of local breweries and wineries.
Wisconsin tourism welcomed 114.4 million visits in 2024, beating the previous record from 2019 by more than a million, and growing the number of part- and full-time jobs the industry supports to 182,000, the press release states. Locally, Chippewa County tourism supported 1,440 jobs (a 2.7% increase from 2023) and generated $11.6 million in state and local tax revenue.
At the state level, tourism generated $1.7 billion in state and local tax revenue. Without this revenue, each Wisconsin household would pay an additional $678 to maintain the current level of government services.
'Last year, Wisconsin tourism brought in more money, welcomed more visitors and generated more revenue for state and local governments than any other year,' said Wisconsin Department of Tourism Secretary Anne Sayers. 'Tourism in all corners fueled this hat-trick of records for an accomplishment the entire state can celebrate. The impact of the visitor economy is felt statewide. Tourism sustains livelihoods and local businesses, uplifts communities and powers Wisconsin's economy.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

5 Revealing Analyst Questions From Alamo's Q2 Earnings Call
5 Revealing Analyst Questions From Alamo's Q2 Earnings Call

Yahoo

time6 days ago

  • Yahoo

5 Revealing Analyst Questions From Alamo's Q2 Earnings Call

Alamo Group's second quarter results were characterized by stable overall sales and operational improvements, as the company navigated contrasting performances in its core segments. Management cited ongoing strength in the governmental and industrial contractor markets, highlighted by organic growth in the Industrial Equipment division, while the Vegetation Management division continued a slow recovery. CEO Jeffery Leonard emphasized that the company's efficiency initiatives and cost reductions were key in supporting operating margins despite flat sales. Leonard noted, 'Improvements in operating efficiencies, combined with lower costs, contributed to the improved earnings per share.' Is now the time to buy ALG? Find out in our full research report (it's free). Alamo (ALG) Q2 CY2025 Highlights: Revenue: $419.1 million vs analyst estimates of $409.5 million (flat year on year, 2.4% beat) Adjusted EPS: $2.57 vs analyst expectations of $2.71 (5.2% miss) Adjusted EBITDA: $66.3 million vs analyst estimates of $59.5 million (15.8% margin, 11.4% beat) Operating Margin: 11.2%, in line with the same quarter last year Backlog: $687.2 million at quarter end Market Capitalization: $2.75 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Our Top 5 Analyst Questions From Alamo's Q2 Earnings Call Christopher Paul Moore (CJS Securities) asked about the outlook for Vegetation Management's order momentum. CEO Jeffery Leonard said the recovery trend should continue for several quarters, driven by low field inventory and improved dealer sentiment. Moore (CJS Securities) questioned tariff impacts and production shifts. Leonard explained tariff exposure in snow removal is largely mitigated by moving manufacturing to Ohio, and purchase price inflation is running below initial expectations. Moore (CJS Securities) asked about Industrial Equipment division capacity. Leonard indicated current facilities have sufficient room for growth, though labor tightness is increasingly a concern. Mircea Dobre (Baird) probed on Vegetation Management's margin outlook post-consolidation. CFO Agnes Kamps clarified that productivity is improving but margin gains will be gradual, especially with an unfavorable forestry mix. Michael Shlisky (D.A. Davidson) inquired about capital allocation priorities. Leonard emphasized that M&A remains the preferred use of capital, with R&D investments focused on regulatory compliance and customer-driven product updates. Catalysts in Upcoming Quarters Looking ahead, the StockStory team will be closely tracking (1) the trajectory of order bookings and backlog in both core divisions, (2) margin trends as plant consolidations and cost controls are further realized in Vegetation Management, and (3) the pace and impact of new M&A activity. We will also watch for changes in dealer sentiment, regulatory developments on tariffs, and the company's ability to manage labor constraints. Alamo currently trades at $227.01, in line with $225.03 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it's free). Our Favorite Stocks Right Now Donald Trump's April 2025 "Liberation Day" tariffs sent markets into a tailspin, but stocks have since rebounded strongly, proving that knee-jerk reactions often create the best buying opportunities. The smart money is already positioning for the next leg up. Don't miss out on the recovery - check out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

Eric Adams declares Aug 8 ‘Stew Leonard Day' after supermarket mogul saves life of choking PIX11 worker
Eric Adams declares Aug 8 ‘Stew Leonard Day' after supermarket mogul saves life of choking PIX11 worker

New York Post

time08-08-2025

  • New York Post

Eric Adams declares Aug 8 ‘Stew Leonard Day' after supermarket mogul saves life of choking PIX11 worker

Mayor Eric Adams on Friday cheered a New York supermarket mogul who saved the life of a choking PIX11 staffer after his own son's drowning death — declaring Aug 8 'Stew Leonard Day.' Adams praised Stew Leonard Jr., who owns a chain of eponymous grocery stores in the Tri-state area, for springing to action to perform the Heimlich maneuver on the crew member Aug. 1. 'Stew Leonard's life took on new purpose after the heartbreaking loss of his son in a swimming accident,' Adams said on X Friday. Advertisement 5 Mayor Eric Adams named August 8 'Stew Leonard Day' after the New York supermarket mogul, far right, who saved the life of a choking PIX11 staffer after his own son's drowning death. Stew Leonard's/Facebook 'It brought him to learn a new skill that would save the life of another person, and that helps keep so many of NYC residents safe. Today, we honor him by making this 'Stew Leonard Day.'' Leonard Jr., whose 21-month-old son drowned in 1989, had just appeared on the station to discuss his swimming safety foundation when crew member Kurt Bennett began choking on a piece of steak from another segment, the company wrote on Instagram. Advertisement 5 'It brought him to learn a new skill that would save the life of another person, and that helps keep so many of NYC residents safe,' Adams said about Leonard Jr., whose 21-month-old son drowned in 1989. StewLeonardIIIWaterSafetyFoundation/Facebook 5 Aug. 8 was delcared 'Stew Leonard Day' after he performed the Heimlich maneuver on a crew member on Aug. 1. PIX11 Leonard quickly performed the Heimlich maneuver on Bennett, dislodging the meat from his esophagus. 5 Leonard Jr. was at PIX11 to talk about swimming and water safety when a PIX11 crew member, Kurt Bennett, left, began choking on a piece of steak left over from a previous cooking segment. PIX11 Advertisement 5 Leonard said he learned the Heimlich maneuver during lifeguard training for the Stew Leonard III Water Safety Foundation, which he founded in 1990 after his son's drowning. Stewie the Duck Mayor Adams also posted a video message on X Friday about Leonard's quick-thinking and resilience. 'The painful moment he had losing a child helped him start a foundation to save young people…by giving swimming lessons, and he used that same skill to save a young man here,' Adams said in the footage. Leonard, who had just made an appearance on 'New York Living,' said he learned the first-aid procedure during lifeguard training for the Stew Leonard III Water Safety Foundation, which he founded in 1990.

Office rents slip 0.3% q-o-q in 2Q2025 wiping out gains in previous quarter
Office rents slip 0.3% q-o-q in 2Q2025 wiping out gains in previous quarter

Yahoo

time02-08-2025

  • Yahoo

Office rents slip 0.3% q-o-q in 2Q2025 wiping out gains in previous quarter

Overall rents in Singapore's office market fell by 0.3% q-o-q in 2Q2025, broadly erasing the marginal quarterly gain of 0.3% that it recorded in the first three months of this year, according to the latest URA statistics published on July 25. On a yearly basis, the rental performance of the office market contracted 1.4% compared to the same period last year. This is the first annual decline the office market has registered since 3Q2021. Leonard Tay, head of research at Knight Frank Singapore, observes that office rents in the first half of this year reflect a broad trend of rent stabilisation. He adds that most occupiers opted to renew leases rather than expand or relocate to avoid high office fit out costs. Read also: Strata office floor in Suntec Tower for sale at $40.95 mil The latest office market figures released by URA indicate that office rents in the Downtown Core and Orchard Road Planning area declined 3.2% q-o-q to $11.68 psf/per month (pm) in 2Q2025, down from $12.07 psf/pm in the first quarter of this year. The fall in rents in this submarket came amid a slight improvement in vacancy rates, largely attributed to the strong take-up rate at IOI Central Boulevard Towers which is about 85% leased to date. On the other hand, office rents outside of the Downtown Core and Orchard Road registered its third consecutive quarterly increase, with median rents rising 2.7% q-o-q in 2Q2025 following up from a 1% q-o-q increase in 1Q2025. Tricia Song, head of research, Southeast Asia at CBRE, says that the opposite directions of rental movements in these two submarkets reflect cautious sentiment among tenants and landlords amid the ongoing macroeconomic uncertainty. She adds that cost-efficient buildings are gaining favour among most tenants. According to CBRE Research, core Grade A office rents increased 1.3% over the first six months of this year, broadly defying concerns that global economic headwinds would dampen rental gains. CBRE projects that office rents may increase 2%-3% over the whole of 2025. Global uncertainties have spurred most landlords to focus on keeping occupancies high. As a result, office occupancy levels, especially in high-quality Grade A buildings, remained tight and rents did not significantly increase, says Tay. Read also: One Raffles Quay secures $1.13 bil sustainability-linked loan to reduce carbon footprint Islandwide office occupancy in 2Q2025 was 88.6%, an improvement of 0.3 percentage points compared to 88.3% recorded in 1Q2025. But the figure is less than the 89.2%occupancy rate that was recorded in 2Q2024. To support occupancy rates, some landlords have begun to carve out smaller spaces to rent or offer a variety of incentives to bridge gaps in rental expectations, says Catharine He, head of research, Singapore, at Colliers. 'Such strategies have proven to be effective in driving momentum for take-up in new developments such as IOI Central Boulevard that is near full occupancy,' she says. While large corporations are unlikely to make significant office relocation plans in the coming months, small- and medium-sized companies may make selective flight-to-quality moves to capitalise on the rental environment, says Tay. Corporate real estate managers have moved away from static space strategies and are focused on portfolios that comprise flexible work arrangements which are better positioned to support a degree of business disruption without dragging down operations, says Tay. Echoing this sentiment, He adds that businesses are likely to delay leasing decisions until concerns over the US-China trade war and monetary policies in several key economies clarifies. Looking ahead, the supply of new office space is expected to be relatively muted until 2028 when about 3.08 million sq ft is set to enter the market. Overall vacancy rates look set to tighten over the next two years but cultivates a conducive investment environment amid falling interest rates, says He. Read also: Healthy take-up in new Grade A office space, but rents to stay stable: Morgan Stanley The latest extension to the CBD Incentive scheme and Strategic Development Incentive scheme leaves open the possibility that some office supply may leave the market and redeveloped into future mixed-use projects, she says. 95 mil One Raffles Quay secures $1.13 bil sustainability-linked loan to reduce carbon footprint Healthy take-up in new Grade A office space, but rents to stay stable: Morgan Stanley En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc HDB Resale Flats Up For Sale, Affordable Units Available

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store