Latest news with #Hilton
New York Post
6 hours ago
- Business
- New York Post
Paris Hilton's $63M mansion buy led US home sales in June
Paris Hilton and her husband led the US real estate market in June with their pricey purchase of Mark Wahlberg's former megamansion. The mammoth Beverly Hills estate cost Hilton and her venture capitalist husband, Carter Reum, a cool $63 million. Their purchase topped out Redfin's top 10 list of the country's most expensive home sales, as did five other California-based transactions. Agents told CNBC the recent ranking reflects a pattern of luxury real estate regaining momentum in fire-ravaged Los Angeles. Advertisement 9 Paris Hilton, pictured in June. GC Images 9 Hilton and her husband, Carter Reum, share two children — and a new place to call home. Evan Agostini/Invision/AP 9 Wahlberg and his wife Rhea Durham sold the impressive property for $55 million in 2023. Paul Barnaby Advertisement Indeed, Hilton and Reum, who share two young children, lost their $8.4 million oceanfront Malibu home to the Palisades Fire — one of several that raged through the state in January. Hilton was candid about the loss in a post to her millions of Instagram followers. 'Sitting with my family, watching the news, and seeing our home in Malibu burn to the ground on live TV is something no one should ever have to experience,' the heiress and influencer wrote. The sheer scale of her family's new home makes its eye-watering $63 million price a little more understandable. 9 A sun-lit dining room. Paul Barnaby Advertisement 9 One of two kitchens in the main house. Paul Barnaby 9 A wine and cigar cellar with a tasting area. Paul Barnaby 9 The outdoor pool includes a grotto, waterfalls and waterslides. Paul Barnaby The nearly 30,500-square-foot spread sits on 6 private acres. The extensive grounds feature a sports court, a skate park, a five-hole golf course and a pool worthy of a waterpark. A main house and a guesthouse include a collective 12 bedrooms — as well as a wine and cigar cellar, a home theater and staff quarters. Advertisement The mansion's sellers made a tidy profit from the deal, CNBC reported, even accounting for Los Angeles' hefty mansion tax. Their success makes Mark Wahlberg's $55 million sale of the home in 2023 look sadly premature. Hilton and Reum's purchase is currently the fifth priciest home sale of 2025, according to Redfin. Nicole Plaxen, an agent with the Beverly Hills Estates, told CNBC that LA's luxury market is being driven by displaced homeowners like Hilton. Plaxen also noted a return in foreign buyers, especially from China. 9 The Palisades Fire claimed modest starter homes and A-lister mansions alike. London Entertainment for NY Post 9 Hilton closed on the home five months after losing her family's Malibu beach house. Paul Barnaby The other 50% of Redfin's chart-topping June sales took place elsewhere: Three in coastal Florida, one in Manhattan and another on Lake Tahoe's Nevada side. All 10 sold for more than $30 million. New York's appearance in the June rankings was credited to the sale of a 50-foot-wide mansion in Midtown Manhattan. The sprawling 22-bedroom residence just off Fifth Avenue was built for a cousin of J.P. Morgan during the city's Gilded Age. The seller, previously reported at real estate developer Orin Wilf, cinched a $38.2 million deal on the property. Neither Wilf's sale nor Hilton's purchase comes even close to the year's most expensive deal so far. That superlative belongs squarely with the $225 million sale of three adjacent beachfront properties in Naples, Florida. The April transaction marked the second-highest home sale ever in the US, trailing Ken Griffin's $238 million penthouse purchase at 220 Central Park South in early 2019.
Korea Herald
8 hours ago
- Business
- Korea Herald
Journey Joins Starlab to Design the Commercial Space Station Experience
HOUSTON, July 29, 2025 /PRNewswire/ -- Starlab Space LLC announced a strategic partnership with Journey, a multidimensional experience agency, that will help shape the interior and experiential design of the next-generation commercial space station. Journey joins Hilton and Airbus in developing a station environment that elevates how astronauts live and work in orbit. Journey brings a deep portfolio of globally recognized projects, including the Sphere in Las Vegas, the Empire State Building observatory in New York City and the Sun Princess Dome for Princess Cruises. The agency will be working closely with Hilton, one of the original strategic partners in the Starlab program, designing the Starlab hospitality and crew experience. Journey's role adds a vital layer of design and experiential innovation, shaping a space that reflects both function and humanity. "With Starlab, we want to create an intuitive and comfortable environment for astronauts that allows them to fully focus on their mission," said Tim Kopra, Starlab CEO. "Journey understands how to merge design and technology in a very unique context. Their work will help make Starlab not just a successful operational platform in low-Earth orbit but also an exceptional place to work and live." This collaboration focuses on enhancing everyday life in orbit. By combining narrative design, digital infrastructure and spatial layout, Journey will help ensure Starlab functions as both a cutting-edge research platform and a welcoming, livable habitat. "Our mission is to create multidimensional experiences for the world's most compelling and ambitious projects," said Lionel Ohayon, Journey's Chief Creative Officer & Co-Founder. "We're applying our decades of design expertise to humanity's next frontier: space. We couldn't be more excited to partner with Starlab to bring this world-shifting vision to life." Starlab is targeting launch ahead of the International Space Station's planned retirement and is designed to support a continuous human presence in orbit. The station will offer research and commercial opportunities for government agencies, academic institutions and private industry worldwide. Starlab Space is a U.S.-led, global joint venture among Voyager Technologies, Airbus, Mitsubishi Corporation, MDA Space and Palantir Technologies, with strategic partners including Hilton, Northrop Grumman and The Ohio State University. Starlab is developing a next-generation, AI-enabled commercial space station, aiming to ensure continued human presence in low-Earth orbit and a seamless transition of microgravity science and research alongside the retirement of the International Space Station. Starlab's advanced, user-driven design and robust capabilities make it a premier platform for scientific discovery and technological advancement in space. For more information, visit About Journey Journey is a global design and innovation agency shaping the future through multidimensional experiences (MDX) that connect people, brands, and culture. Journey's layered MDX approach crafts story-driven, sensory-rich engagement across physical, immersive, digital, and virtual spaces—fuelled by creative and technological innovation. Born from a legacy of pioneering studios, Journey blends strategic thinking with deep creative expertise to deliver solutions across industries. Journey fuels growth and forges lasting value for audiences and partners by creating meaningful experiences that resonate across every dimension of human interaction. Visit for more information.
Yahoo
13 hours ago
- Business
- Yahoo
US travel bookings rebound for August, boosting companies' revenue outlook
By Doyinsola Oladipo NEW YORK -U.S. travel companies including air carriers United Airlines and Southwest Airlines and hotel operators Hilton Worldwide and Wyndham Hotels have issued a collective sigh of relief as budget-conscious Americans have started booking travel again after many put vacation plans on pause earlier this year. U.S. consumer sentiment rebounded in July from a shaky June, dinged by inflation, a weakening U.S. dollar, and President Donald Trump's trade war. That translated to a rise in spending, with travel companies seeing an uptick in bookings and now expecting stronger fourth-quarter revenue growth. Companies that primarily service price-sensitive customers or the domestic U.S. market have higher expectations for August, with some seeing the end of the third quarter as an inflection point for what has otherwise been a rocky environment in 2025. "Just as quickly as demand stepped down in early February due to this uncertainty, it appears that demand is now stepping up," United Airlines Chief Commercial Officer Andrew Nocella said on a post-earnings call, saying uncertainty has dropped in recent weeks after five months of weak demand. Hotel operator Hilton echoed those sentiments, saying the freeze in corporate and business travel spending was finally "thawing." "Given our overweighting to the domestic market, we would expect to be an outsized beneficiary of any recovery in the domestic demand environment," said Southwest CEO Robert Jordan on an investor call. The company said demand stabilized in the second quarter, and its recent bookings showed clear signs of improvement. Most U.S. airline and hotel operators withdrew or cut their financial forecasts in April and May as President Trump's trade war threw the industry into its most uncertain time since the COVID-19 pandemic. Still, there is lingering uncertainty over how the economy will fare in an ever-evolving tariff landscape and with inflation still above the U.S. Federal Reserve's desired 2% rate. Super 8 motel operator Wyndham said that it was seeing more strength in revenue per available room, an important metric in the hospitality industry, in states like Wisconsin, Michigan, Minnesota, and Missouri, indicating steady demand from blue-collar everyday travelers. "In August, we'll see a stronger summer travel season," said CFO Michele Allen. American Airlines said it expects revenue to improve sequentially in August and September. Alaska Air Group Chief Commercial Officer Andrew Harrison said closer-in bookings are coming in stronger, with "very good" activity in August. However, the uptick in demand will be more evident for hotels and airlines in the fourth quarter. For airlines, "a continuation of these demand trends is needed as a catalyst for airline stocks" as weak demand for main cabin seats has forced airlines to offer sales to fill planes, Andrew G. Didora, Bank of America equity research analyst, said in a note. (Doyinsola Oladipo in New York; Editing by Cynthia Osterman) 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
14 hours ago
- Business
- Yahoo
US travel bookings rebound for August, boosting companies' revenue outlook
By Doyinsola Oladipo NEW YORK -U.S. travel companies including air carriers United Airlines and Southwest Airlines and hotel operators Hilton Worldwide and Wyndham Hotels have issued a collective sigh of relief as budget-conscious Americans have started booking travel again after many put vacation plans on pause earlier this year. U.S. consumer sentiment rebounded in July from a shaky June, dinged by inflation, a weakening U.S. dollar, and President Donald Trump's trade war. That translated to a rise in spending, with travel companies seeing an uptick in bookings and now expecting stronger fourth-quarter revenue growth. Companies that primarily service price-sensitive customers or the domestic U.S. market have higher expectations for August, with some seeing the end of the third quarter as an inflection point for what has otherwise been a rocky environment in 2025. "Just as quickly as demand stepped down in early February due to this uncertainty, it appears that demand is now stepping up," United Airlines Chief Commercial Officer Andrew Nocella said on a post-earnings call, saying uncertainty has dropped in recent weeks after five months of weak demand. Hotel operator Hilton echoed those sentiments, saying the freeze in corporate and business travel spending was finally "thawing." "Given our overweighting to the domestic market, we would expect to be an outsized beneficiary of any recovery in the domestic demand environment," said Southwest CEO Robert Jordan on an investor call. The company said demand stabilized in the second quarter, and its recent bookings showed clear signs of improvement. Most U.S. airline and hotel operators withdrew or cut their financial forecasts in April and May as President Trump's trade war threw the industry into its most uncertain time since the COVID-19 pandemic. Still, there is lingering uncertainty over how the economy will fare in an ever-evolving tariff landscape and with inflation still above the U.S. Federal Reserve's desired 2% rate. Super 8 motel operator Wyndham said that it was seeing more strength in revenue per available room, an important metric in the hospitality industry, in states like Wisconsin, Michigan, Minnesota, and Missouri, indicating steady demand from blue-collar everyday travelers. "In August, we'll see a stronger summer travel season," said CFO Michele Allen. American Airlines said it expects revenue to improve sequentially in August and September. Alaska Air Group Chief Commercial Officer Andrew Harrison said closer-in bookings are coming in stronger, with "very good" activity in August. However, the uptick in demand will be more evident for hotels and airlines in the fourth quarter. For airlines, "a continuation of these demand trends is needed as a catalyst for airline stocks" as weak demand for main cabin seats has forced airlines to offer sales to fill planes, Andrew G. Didora, Bank of America equity research analyst, said in a note. (Doyinsola Oladipo in New York; Editing by Cynthia Osterman)
Skift
14 hours ago
- Business
- Skift
Hilton's Strategy Shift, Spirit's Furloughs and Sri Lanka's Fee Drop
On today's pod, we look at Hilton's biz travel shift, Spirit's pilot troubles, and Sri Lanka's fig leaf to travelers. Skift Daily Briefing Podcast Listen to the day's top travel stories in under four minutes every weekday. Listen to the day's top travel stories in under four minutes every weekday. Skift Travel Podcasts Good morning from Skift. It's Tuesday, July 29. Here's what you need to know about the business of travel today. Hilton has made changes to its corporate travel strategy, targeting small- and medium-sized businesses as part of its push to increase direct bookings, writes Senior Hospitality Editor Sean O'Neill. Travelers from those businesses now account for 85% of Hilton's corporate bookings, up from 76% in 2019. O'Neill notes the shift has been fueled both by faster post-pandemic recovery among smaller companies and Hilton's targeted outreach. The hotel giant last year launched Hilton for Business, a platform designed to deepen direct customer ties. Hilton also recently introduced a messaging platform across its global portfolio, enabling business travelers to communicate directly with hotels before, during, and after their stays. Listen to This Podcast Apple Podcasts | Spotify | Youtube | RSS Next, Spirit Airlines said on Monday it would furlough 270 pilots and reduce its flight schedule, writes Airlines Reporter Meghna Maharishi. Spirit said it was taking those steps as part of its efforts to return to profitability after exiting Chapter 11 bankruptcy in March. The furloughs will go into effect on November 1, and they come after the carrier furloughed 186 pilots last year partly due to Pratt & Whitney engine issues grounding part of its fleet. In addition, Spirit's pilots' union said 140 pilots will be downgraded to first officer, changes that will take effect October 1. Finally, Asia Editor Peden Doma Bhutia explains how Sri Lanka is making it easier for inbound tourists from 40 countries. The country is planning to removing all fees for visas from countries including the United States, Canada, Germany, and others, but it will still require foreigners to obtain them before entering the country. Sri Lanka has an ambitious goal to increase tourism to 3 million visitors in 2025, an increase of nearly 50% over 2024 numbers. The visa fee waiver expands on a smaller program rolled out in March 2023 that offered free 30-day visas on arrival for seven countries, including India, China, and Russia, provided travelers applied for electronic travel authorization in advance. Until now, most tourists outside South Asia have paid $50-60 for a short-stay visa.
