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Accor Adds Its First Las Vegas Resort
The DJIA jumped 508 points while Nasdaq was up 127, the S&P 500 rose 49 points, and the 10-year treasury yield was up .05 to 4.39%. Lodging stocks were mostly higher, led by the timeshare stocks as investors reacted positively to Travel + Leisure's earnings, sending the stock up 7% to a new 52-week high. HGV also hit a new high, up 5% and VAC was up 4% on the day. HLT, the other one who reported earnings, saw its stock go down -3% today. STR reported U.S. lodging data for the week ended 7/19. U.S. hotel RevPAR was down -3.3% with occupancy down -2.6% to lead the decline. Group RevPAR was down -4.6%. Hilton and Travel + Leisure kicked off the industry's earnings season. HLT beat estimates, but their report was described as mixed by many for various reasons. The beat was viewed as being from items like owned hotel income and other revenues and expenses, while Management Fees, Incentive managem


CBS News
2 hours ago
- CBS News
Youth softball tournament generates big economic boost in Roseville
The fields at Maidu Regional Park are alive with energy this week as nearly 40 elite 10U softball teams from across California compete in the USA Softball Western "B" National Championship. But the excitement stretches far beyond the dugout. It's also being felt in local hotels, restaurants, and shops across Placer County. The tournament is expected to generate more than $1 million in economic impact, according to Placer Valley Tourism, with an estimated 2,500 athletes, coaches, and family members spending the week in the area. "Unfortunately, we don't have Tahoe, we don't have the snow or the lake... we're not San Francisco," said Kim Summers, CEO of Placer Valley Tourism. "So we've had to find a different way to do tourism, and we've really found our niche in sports tourism and youth sports tourism." City partnerships and strong community support are a big part of what makes this event successful, according to organizers. "The partnerships with the city are really what brings it here," said Karla Burket, Junior Olympic Commissioner for USA Softball of Sacramento. "The city staff, the park workers... then the amenities around us, from Top Golf and Sun Splash to the mall and movie theaters, anything they want to do is covered." Among the standout teams competing is the Poway All Stars, based near San Diego. After capturing the USA Softball Southern California State Championship, they arrived in Roseville with an impressive 36-6 record. Players say the experience has been unforgettable. "It feels amazing because we're one of the teams that get to come here and most teams don't," said Danica Avila, who plays third base and shortstop for the Poway All Stars. "I'm just happy to be here with my team," added Kassidee Wallace, the team's catcher. "This is our last week together, and it's just a great feeling being here." That excitement is shared by families and coaches alike. "The best experience so far," said Head Coach Kaylie Wallace. "We got on the field and were ready to go — we didn't have that at State. Everything's really nice around here, so it's been a great experience." As the games continue, local leaders say tournaments like this are becoming a cornerstone of Roseville's tourism strategy, proving youth sports can be a grand slam for the economy. The championship game is scheduled for Sunday at 3 p.m. at Maidu Regional Park.


CBS News
2 hours ago
- CBS News
Chicago area World War II veterans board special flight to New Orleans to visit National WWII Museum
A group of Chicago-area veterans traveled to New Orleans Wednesday to see for themselves a museum built in their honor. The Gary Sinise Foundation and American Airlines make these trips happen four times a year. The latest trip's veterans received a big sendoff at O'Hare International Airport. People at O'Hare are always on the move. But travelers stop when there is a parade with bagpipers in the terminal — as there was for the veterans. "I think it's amazing," one woman said. "We should always celebrate our veterans." Eleven veterans from the Chicago area met at the same gate. Outside, there was a plane reserved for men who served in World War II. One of the veterans was 99-year-old John Rickerd, who was 17 when he enlisted as a U.S. Marine. "It brings back an awful lot of memories," Rickerd said. Rickerd eventually shared those memories with his son, Mark. "Did a tour of duty in the Pacific, and ended up climbing Mount Suribachi on Iwo Jima — hence my hero," Mark Rickerd said of his father. "And I often think of all the men we left behind," added John Rickerd. "I mean the real, I think, number one heroes are those men who didn't come back." Thanks to the Gary Sinise Foundation and American Airlines, vets who served together traveled for free. "A very special trip where we will take World War II veterans, pair them up with high school students, and take them to the World War II Museum in New Orleans," said Randy Stillinger, manager of military and veterans' initiatives for American Airlines. John Rickerd said he was looking forward to visiting the National WWII Museum, which he called "so beautiful." The three-day trip to New Orleans will also be an opportunity to make connections. "The ability for him to develop camaraderie with his peers, his World War II veteran peers, it's hard to describe," said Mark Rickerd. As the members of the Greatest Generation boarded the flight and left their gate behind, it spoke volumes that they traveled with gratitude. "It's so exciting to be here and be a part of this," said John Rickerd.