logo
Chicago names new tourism chief as international visits fall across the U.S.

Chicago names new tourism chief as international visits fall across the U.S.

Axios04-04-2025

Some international travelers are skipping trips to the U.S., including from Canada, where Chicago gets the biggest chunk of its international travelers.
Driving the news: Chicago has a new tourism head, who will be tasked with making sure international and domestic visitors keep coming here. Choose Chicago announced Thursday it has selected Kristen Reynolds as the new CEO, replacing interim CEO Rich Gamble.
Reynolds comes from Discover Long Island and has more than 25 years of experience in the tourism industry, according to a news release.
Why it matters: Reynolds takes over as anti-American sentiment is high because of federal policies such as tariffs and anti-transgender executive orders.
The big picture: More than 50 million people visited Chicago in 2023, 1.8 million were international, and overall they spent about $19.5 billion, according to Choose.
Reynolds' goals include growing visitors to more than 61 million, with 1.8 million of those travelers coming from outside the U.S.
Approximately 450,000 visitors came from Canada in 2023.
Zoom out: Advance bookings for Canada-U.S. flights for April-September are down more than 70% compared with this time last year, per aviation data firm OAG, Axios' Alex Fitzpatrick reports.
By the numbers: The number of foreigners passing through customs at the 10 busiest U.S. airports, including O'Hare, fell by more than 20% year over year toward late March, based on a seven-day rolling average.
A slight uptick followed, but the number was still down 18.4% as of March 28 versus the same time last year.
Compare that to the number of U.S. citizens returning to the country, which was up nearly 14% by late March from a year earlier.
What they're saying: "We are holding information sessions for partners and working closely with our teams on the ground in Canada and in key markets around the world to elevate the message that Chicago remains a welcoming, bucket-list destination for all global visitors," Choose chief marketing officer Lisa Nucci told Axios in a statement.
Flashback: Chicago had historic hotel revenue last year, Choose said, likely due to large events like Taylor Swift concerts.
The intrigue: Reynolds' salary is not public record as Choose is a private nonprofit, and a Choose spokesperson would not share this information.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tesla sales plunge in key European markets with one shocking exception
Tesla sales plunge in key European markets with one shocking exception

Miami Herald

timean hour ago

  • Miami Herald

Tesla sales plunge in key European markets with one shocking exception

Tesla (TSLA) is preparing for a historic event, as it gears up to launch its first fleet of autonomous robotaxis in Austin, Texas. But so far this week, other events have sparked negative momentum, pushing shares down. The company's plan to venture into the self-driving car market is currently being overshadowed by CEO Elon Musk's disagreement with Donald Trump over the new budget bill, which he has described as a "disgusting abomination." Don't miss the move: Subscribe to TheStreet's free daily newsletter As of this writing, TSLA stock is down more than 20% for the past week and isn't showing any signs of slowing down. But these declines likely aren't due strictly to Musk and Trump's argument. Tesla's sales are falling steadily across many European markets, including the United Kingdom, France, and Spain. While this may seem discouraging to investors, there remains one outlier among European countries where Tesla sentiment has been declining. For months, European citizens have been making it clear that they won't be standing behind Musk. Protests erupted across the continent in response to his affiliations with Trump, and even as growth in the electric vehicle (EV) market rose, Tesla sales steadily trended downward. Related: Elon Musk company reveals major leap forward Sales declined in both the U.S. and China as well, highlighting the global aspect of the anti-Tesla backlash. Even the widespread availability of the popular Tesla Model Y and significant discounts haven't been enough to boost sales. Recent data reveals that while Tesla's deliveries for May 2025 were down significantly from where they were one year ago in most European markets, one country saw Tesla sales surge. Norway has reported that Tesla sales are up 213% from May 2024, reaching 2,600 in total. Its Scandinavian neighbors reported different statistics, with Tesla sales falling steadily in both Sweden and Finland. But part of the reason why they didn't dip in Norway may be due to the country's strong push toward accelerating EV adoption. Additionally, it should be noted that Tesla also reported concerningly low sales in Norway for May 2024. In this case, the contrast is important, as it suggests that Tesla's popularity in that specific market may not be as high as it appears at first glance. More Tesla News: Analyst says Tesla faces one big beautiful hit from Trump billElon Musk, Tesla finally get some good news out of ChinaAnalyst sets eye-popping Tesla stock price target As Electrek notes, "It's clear that the anomaly was more with May 2024 than incredible performance in May 2025, even though there's no doubt that Tesla's sales have recovered in Norway last month. That's partly due to Tesla offering record discounts, including zero-interest financing on the new Model Y." While Tesla has not issued any statements on its plunging sales across Europe, it did post on X celebrating its 213% growth in Norway. That statistic is certainly an anomaly, given how much Tesla's sales have fallen in similar markets, but it doesn't mean the company's problems in Europe are over. Related: The 'anti-Tesla' gives American buyers more good news As Electrek's analysis also notes, "2,500 Norwegians buying Tesla vehicles in May isn't compensating for the declines in other markets," speculating that recent success in Norway may not be sustainable in the second half of 2025. For that to happen, the company will need to reverse the current consumer sentiment that has spread across Europe. Experts have told TheStreet that they believe Europe's stance against Musk will negatively impact the company. "When Europe turns on your brand, a lot of the world follows," states Galileo FX CEO David Materazzi. "Lose Europe, lose your edge. Musk built it, and now he's sinking it." Additionally, Norway is only one part of Europe's market, and Tesla is also dealing with declining sales in both China and the U.S., larger markets that stand to impact it more than anywhere in Europe. Related: Heavily shorted AI stock is rapidly climbing the Fortune 500 The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

If Elon Musk's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get?
If Elon Musk's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get?

Yahoo

timean hour ago

  • Yahoo

If Elon Musk's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get?

We've seen the headlines that reveal how rich the world's top billionaires are — but it's hard to comprehend just how rich they are. Consider this: Let's say you had $1 billion in your bank account and had to spend $100,000 every day, for an entire year. After 365 days, you would still have $963,500,000 (nine hundred sixty-three million five hundred thousand). Discover More: Find Out: Over the last two decades, billionaires have ballooned their wealth to unparalleled levels. In 2005, Microsoft co-founder Bill Gates ranked as the world's richest person, with a net worth of $46.5 billion, as reported by CNN. Today, that title belongs to Tesla CEO Elon Musk, whose net worth stands at $368 billion as of June 5, according to the Bloomberg Billionaires Index. Even when adjusted for inflation, Gates' former net worth would be equivalent to roughly $76 billion in today's dollars. It is worth noting that other billionaires have also increased their wealth during the same time. For instance, tech billionaires Mark Zuckerberg and Jeff Bezos are worth $229 billion and $227 billion, ranking second and third globally. For many Americans, this trend is not sitting well. The sky-high cost of living has catalyzed support for redistributive tax policies, especially among younger voters and the progressive base of the Democratic Party. While higher taxation may or may not happen in the years to come, here's hypothetically how much you'd get if the world's richest man gives a check to every American. The United States Census Bureau estimates the current population to be around 341 million people, ranking only behind India and China. If Musk's enormous $368 billion were equally divided in the U.S., each person would receive $1,079 (rounded to the nearest dollar). A couple would receive $2,158, while a family of four would get $4,316. Despite the enormous wealth of billionaires, much of their fortune is tied up in stocks, real estate, and other holdings. Only a small percentage of their assets is held in cash. Based on data from Forbes, Musk has a 12% ownership stake in Tesla and to date, he remains the largest shareholder in the $1.15 trillion electric vehicle company. This is in addition to a 42% slice in SpaceX and a 54% interest in xAI, among many other businesses. Interestingly, Bloomberg reported that Musk's financial holdings appreciated by 77% after joining the campaign trail with President Donald Trump late last year, as reported by Bloomberg. Investors became bullish on Tesla and Musk became the first person to ever reach a net worth exceeding $400 billion. Since then, Tesla's market value has fluctuated as a result of volatile market conditions, macroeconomic factors and the threat of a global trade war. Editor's note: Data is accurate as of June 5 and is subject to change. More From GOBankingRates Mark Cuban Says Trump's Executive Order To Lower Medication Costs Has a 'Real Shot' -- Here's Why This article originally appeared on If Elon Musk's Wealth Was Evenly Distributed Across America, How Much Money Would Every Person Get? 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

Trump may win the fight over the tax bill. But Musk is built for the long war.
Trump may win the fight over the tax bill. But Musk is built for the long war.

Boston Globe

timean hour ago

  • Boston Globe

Trump may win the fight over the tax bill. But Musk is built for the long war.

But while Trump still dominates the short-term politics of the Republican Party, Musk holds a very different kind of power, one that may ultimately outlast Trumpism. He's younger. He's vastly wealthier. And unlike most political rivals, Musk doesn't need a seat in Congress or a friendly Fox News hit to wield influence. He owns the platforms. He runs the systems. And his companies are increasingly intertwined with the United States' future — from space exploration to battlefield communications. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up This feud didn't erupt out of nowhere. Musk had reasons to be angry. First, the 'Big Beautiful Bill' Advertisement This isn't just a policy spat, it's a power struggle. Trump is playing to win the moment. Musk is building for the long haul. Advertisement Let's start with the obvious: Trump tuns 79 next week. Musk turns 54 at the end of June. Trump is focused on one last political chapter. Musk is laying groundwork for the next several decades. That generational difference shapes everything else. Trump's power is political. Musk's is infrastructural. The president can rally public opinion, bend Congress to his will, and weaponize regulatory agencies. But Musk operates on another level — embedding his companies into the very systems the government depends on. SpaceX is now central to NASA and Pentagon operations. Starlink powers military communications in Ukraine and is quietly becoming indispensable for disaster zones and geopolitical hotspots. Even Tesla, for all its recent volatility, helped create the EV market and still shapes infrastructure policy. If Trump wants to punish Musk, he has tools — the SEC, federal contracts, and regulatory pressure. Heck, one Trump ally believes Trump has reason to deport Musk back to his native South Africa. But the irony is that Trump's own administration might need Musk more than Musk needs Trump, particularly in the next moment of crisis. Then there's media. Beyond the powers of the presidency, Trump's strength is performative — rallies, TV hits, the occasional viral clip. Sure, he also has Truth Social, but that is a niche network. Musk, by contrast, owns the algorithm. As the proprietor of the much more mainstream X (formerly Twitter), he doesn't just post. He shapes the feed. He bans journalists, elevates allies, and controls what trends. But their falling-out signals a deeper shift on the American right — a movement once held together by Trump's gravitational pull is now already fragmenting. One can see that just in the fights over the Big Beautiful Bill. Musk represents a rising faction: tech-aligned, anti-woke, post-party, and less interested in governing than in redesigning systems altogether. Advertisement Of course, Musk is no model of discipline. His erratic tweets and ideological zig-zags make him an unreliable political force. But that's precisely what makes him dangerous. He's not a senator. He claims he is not a donor anymore. He's not trying to be president and, well, he is constitutionally ineligible anyway. Instead, he's trying to shape what the presidency needs. Trump still knows how to land a punch. But Musk might is laying claim to the terrain on which the next generation of political power will be fought. So yes, Trump can still win this fight over a tax bill. But Musk is playing a different game. He's not trying to win a news cycle. He's trying to build the operating system for what comes next. James Pindell is a Globe political reporter who reports and analyzes American politics, especially in New England.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store