An official says a historic Grand Canyon lodge has been destroyed by wildfire
The Grand Canyon Lodge, the only lodging inside the park at the North Rim, was consumed by the flames, park Superintendent Ed Keeble told park residents, staff and others in a meeting Sunday morning. He said the visitor center, the gas station, a waste water treatment plant, an administrative building and some employee housing also were lost.
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Forbes
an hour ago
- Forbes
EMEA Buoys Avolta In H1 As U.S. Is Hit By ‘Trump Effect' And Grinds To A Halt
A customer browses the Avolta wine and spirits offer at Boston Logan Airport. Kevin Rozario Stores in Europe, the Middle East, and Africa (EMEA) helped Avolta to deliver organic growth of 5.7% (like-for-like 4.9%) in the first half of 2025, offsetting flat sales in North America (down 0.2%) as passenger traffic has tumbled due to the Trump administration's policies and high-profile travel detentions. The travel retailer's total H1 sales hit Swiss francs 6.6 billion ($8.14 billion), with the stock closing 1.9% up on Thursday. EMEA—Avolta's biggest region, covering 34 countries—saw 9.2% organic growth, generating sales of 3.34 billion Swiss francs ($4.1 billion) while revenue in North America, encompassing the United States and Canada, stood still at 2.05 billion Swiss francs ($2.5 billion). The differing performances in the two regions, which account for 81.5% of Avolta's sales (EMEA 50.5% and North America 31%), have affected the split in the company's business lines. The duty-paid business, which is strong in the U.S., has shrunk to 28% from 31% in FY2024, and the duty-free business has grown to 39%, from 36% last year. In a statement, Switzerland-based Avolta said the performance in North America 'remained broadly in line with the prior year due to softer passenger traffic in the United States.' The retailer's smallest regions of Latin America (making up 12% of revenue) and Asia Pacific (6.5% of revenue), had organic growth of 8.1% and 5.1% respectively. In its half-year results, released last week, French rival Lagardère Travel Retail also noted that the air traffic slowdown in the U.S. had negatively impacted revenue there by 1%. The company generated H1 revenue of €2.9 billion ($3.3 billion), up 5%. Trump's policies and several border incidents have led to more than a dozen countries issuing travel advisories for the U.S., turning travelers off, and impacting the airport retail channel. Xavier Rossinyol: 'In June, Club Avolta reached 13 million members, and it is recruiting about half a million every month.' Avolta Both Avolta and Lagardère have to brace for further impacts. While many markets around the world are breaking tourism records, visitor spending this year in the United States could plummet by $12.5 billion versus 2024, according to the World Travel and Tourism Council. In North America, Avolta has, nevertheless, continued to grow its commercial footprint, adding sizeable contracts at New York's John F. Kennedy Airport, including a 10-year deal to refurbish the Terminal 5 dining experience. The region also saw key openings at newly refurbished Vancouver and Toronto duty-free stores. Loyalty and new business While the United States suffers, Avolta has emphasized its strategic transformation of both its food and beverage (F&B) and retail concepts, as well as on data gathering through loyalty schemes. In an investor call this afternoon, Avolta CEO, Xavier Rossinyol, said: 'In June, Club Avolta reached 13 million members, and it is recruiting about half a million every month. We are therefore getting more and better, data, and are improving our performance thanks to that.' New business development in the EMEA region has included an increased footprint in Denmark with five new F&B stores, and the launch of other F&B concepts in the United Kingdom (with Alembic), Amsterdam's Schiphol Airport (LOAF), and at Germany's Cologne Bonn Airport (Früh bis Spät). In Latin America, Avolta secured a nine-year retail contract extension across four big Mexican airports, as well as a five-year agreement to expand operations at Guadalajara Airport, the country's third busiest airport. Rossinyol said: 'Across the regions over recent weeks, we have observed a more stable environment. We look forward to the second half with cautious optimism and reaffirm our outlook.' Avolta is targeting organic growth of between 5-7% and is hoping to deliver 20-40bps of core EBITDA margin improvement.
Yahoo
an hour ago
- Yahoo
Jim Cramer on Royal Caribbean: 'Expectations Simply Got Too High'
Royal Caribbean Cruises Ltd. (NYSE:RCL) is one of the stocks Jim Cramer recently talked about. Cramer discussed the company's earnings and the market reaction to it during the episode. He said: 'Today's earnings made me feel like we'd forgotten the impact of all the tariff turmoil on the consumer. Some of the decline, I think, was an overreaction. Royal Caribbean went down on its outlook. But I gotta tell you, I checked that one out. I think the expectations simply got too high. People got used to this cruise line just crushing the high end of the estimates. Didn't happen.' Nonwarit/ Royal Caribbean (NYSE:RCL) is a cruise operator that provides diverse itineraries through multiple brands, including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. In a March episode, Cramer mentioned the company and said: 'What else in travel's worth taking a look at?… It's tough for me to square the heinous action with what we just heard from Jason Liberty, the CEO of Royal Caribbean. When he came on the show last week, first, Liberty confirmed that its… consumers perceive Royal Caribbean cruises as a better value than a land-based vacation, reinforcing my view the cruise lines can still do fine even in a softer economy. Second, he cited its own bookings and on-ship spending data from recent voyages saying matter-of-factly, 'that cash register continues to ring and be consistent.' Since the above comment was made, Royal Caribbean (NYSE:RCL) stock is up over 61%. While we acknowledge the potential of RCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
I've Never Met Someone Who Didn't Like This Dress Style—It's Both Trendy and Timeless
When you buy through links on our articles, Future and its syndication partners may earn a commission. Gigi Hadid just shared an Instagram carousel of over a dozen photos from her summer vacation. Filled with everything from snorkeling to s'mores, her trip was certainly envy-inducing, but I'm mostly jealous of her wardrobe. In one picture, Hadid wore a black-and-white polka-dot dress that I'm eager to replicate. It's a style that's simultaneously trendy and timeless, so you can't go wrong investing in it. The good news? I found Hadid's exact frock online: It's the Jacquemus Spiaggia Dress. The bad news? It costs a whopping $950 and is sold out in most sizes. Inspired by Hadid's dress, I rounded up several versions in the same color combo and print. If Jacquemus is not in your budget, don't fret. I made sure to include more accessible brands, including Gap, ASOS, and Reformation. Shop my selections below. On Gigi Hadid: Jacquemus Spiaggia Dress ($950) Shop Gigi Hadid's Exact Dress View Deal Shop More Options View Deal View Deal View Deal View Deal View Deal View Deal View Deal
