Reports regarding global tourism have begun to indicate that travellers are spending large percentages of cash at local retailers. This has extended to Times Square in New York City, with multiple merchants struggling to earn previous profits from a decade ago. Those retailers include the Gap, Cover Girl, Old Navy, American Eagle, Toys r’ Us and Coty Inc. This follows an increase in rent payments have occurred yearly, and tourists have begun to dwindle. Analysts have determined that limited retail shopping follows with the increasing presence of online retailers like Amazon and Etsy. It’s prompting retail locations to shutdown in Times Square, with real estate brokers working tediously to acquire new tenants. This has proven to be a challenging task for the highest-rated brokers in NYC.
Locations available for purchase include 1530 Broadway Street, which maintained a large-scale GAP. This extends to 1532 Broadway Street, which held a discounted Old Navy brick-and-mortar location. Additional venues available for purchase include 30 Times Square Blvd, which saw one of the fastest turnovers in Times Square history. Cover Girl opened their first flagship retail store, with it shutting down less than twelve months later. There’s also rumours that American Eagle Outfitters will shutdown their flagship times square location at 1551 Broadway Street.
Times Square hasn’t been remotely affected by the same levels that nearby retail neighbourhoods have experienced. The Manhattan District has seen rent prices drastically increase since 2010, with multiple retailers shutting down their doors and being replaced with office space. This included Toys “R” Us, which saw a nationwide shutdown in North America. Most of the contracts relating to these shutdown locations are in effect until 2023; this included both stores operated by Gap Incorporated. It’s estimated that this corporation in Times Square operates 80 thousand square feet. The Cover Girl location faces a similar decision of what to do, with them operation 10 thousand square feet until 2021. All companies are expected to re-invest their retail locations and re-approach the Times Square market by Q4 2020.
It’s not surprising that Gap Incorporated has shutdown both retail locations in Times Square. The company has faced significant setbacks in recent months, with their CEO being terminated in November 2019. Multiple locations in North America have been shut down, with executives working to revitalize the brand. However, it should be noted that their subsidiary of Old Navy, has performed better than anticipated throughout the last fifteen months. There could be hope for the Gap brand to become modernized and fashionable throughout the 2020s.
The Six Flags Entertainment Corporation had their shares drop by 19% on Friday, January 17, 2020. This follows after the amusement park confirmed that they’d face revenue declines in the third and fourth quarter of 2020. It’s anticipated that they’ll lose upwards of $10 million in profits, bringing the year-end earnings to $25 million maximum. This is considerably lower than profits earned by SFEC in years past, which follows after North American theme parks continue to experience lower attendance volumes. Seasons pass percentages have been the weakest since 2001.
Six Flags Entertainment Corporation has suffered from unforeseen circumstances. The corporation focused on growing its international investments, specifically in China. Unfortunately, their partnership in china defaulted on its obligations for payment. This caused for Riverside Investment to be sued profusely by Six Flags Entertainment Corporation, with their Chinese parks going into bankruptcy.
Representatives from Six Flags confirmed that the 2019 fourth quarter wouldn’t see any profits or revenue from their Chinese subsidiaries, with international agreements being broken. It’s anticipated that $1 million will be lost from these prior agreements, which they’d hope to offset with increased sales in America. There will also be a dismissal charge of $10 million from the Chinese government, which will avoid any potential litigation moving forward. Recovering from the $11 million lost and lower revenues in America is prompting Six Flags to reformat themselves company-wide.
The growth of international programs was supposed to be the catalyst that saw Six Flags become a multi-billion dollar corporation. That is still possible with new deals in place for Saudi Arabia and Dubai, which would be two locations that could see substantial profits rank in for SFEC. However, Six Flags cannot provide the associated costs for development or license. This extends to the management costs, which will require six flags to inquire additional investors. Subsequently, revenues will become lower. It now becomes a question of brand growth over financial growth for the Six Flags Entertainment Corporation.
Six Flags History
This first iteration of the Six Flags Theme Park began in Arlington, Texas. The pack started construction in 1957 ad opened their doors during 1961. Since that first year, SFEC has seen continued expansion across America, with twenty-six parks maintained in the United States. Collectively, there are more than nine-hundred rides offered by SFEC. To date, their highest rate of revenue was $1.5 billion, with more than fifty thousand employees. It should be noted that throughout the 2000s, this corporation suffered from declining profits but was able to re-invent themselves. It’s expected they’ll do the same thing for a second time.
One of the first questions individuals ask themselves when considering a vacation to Disney World is, which hotel should I stay with? That answer can be challenging with more than twenty-five properties available. This includes notable titles like the Art of Animation Resort, Grand Floridian and The Riviera Resort. Unfortunately, some people maintain a smaller budget and must locate the more affordable hotels. When it applies to affordable hotels, there’s one that’s becoming famous for being the worst. That location is the All-Star Sports Hotel. It features the convenience of a Disney World hotel, with basic amenities and inferior room quality. It’s become hated by visitors, with all the reviews indicating a negative experience.
The All-Star Sports Hotel is located in the Animal Kingdom, with the average nightly price ranging for $160.00 to $200.00. This is an overvalued price-point with the condition of this hotel, which opened in May 1994. Since then there haven’t been any renovations to the lounge areas or its 1900+ rooms throughout ten buildings. Those that attend this hotel receive rooms themed around different sports, ranging from Basketball to Hockey. It seems like something from an 80’s film, with conditions similar to a Motel 6.
One of the most significant shortcomings with the All-Star Sports Hotel is the lack of restaurants. There’s a competent court offered, with cooking conditions being incredibly outdated. Basic food like Pizza, Cheeseburgers and Chicken Tenders are available. When it applies to the bedroom, the only amenities include a bathroom and bed-set. Televisions are outdated from the early 2000s, making them incredibly difficult to use for guests. Overall, the standard experience of this location is considered the worst in Disney World.
The Experience Gets Worse!
Those thinking that this would be bad enough are wrong. The experience with All-Star Sports becomes worse, with travelling times being the longest for Disney World. Guests share a singular bus, which travels between two other resorts under the All-Star classification. This means that wait times for busses average 30+ minutes, with the buss being overcrowded and often exceeding weight limits. It should be noted that All-Star Sports in the furthest hotel from Disney Worlds various theme parks, with it being more than five miles from the Magic Kingdom.
Additionally, the All-Star Busses don’t offer priority access. This means that travelling from the resort to Disney’s kingdoms must be traversed on regularly designated roads. Expect long travelling times, upwards of one hour or more. Subsequently, this means that using the All-Star Sports transportation could take one to two hours to arrive at various destinations. This is in a space less than ten miles.
The Pike Place Market is the largest farm market maintained in North America. It was announced that the oldest newspaper stands located at this market have shut down after four decades. December 31st marked the date that First & Pike News shut down their doors. This comes after the stand’s owner, Lee Lockhart, determined it was the right moment to shutdown. Declining sales in magazines and newspapers resulted in the store experiencing significantly fewer profits every year. When you do the math, the decision becomes pretty simple.
The First & Pike Newsstand used to sell 180 newspapers from around the world, with more than 2000 magazines on the shelves. Before the closing date, that number dropped to 55 papers and 300 magazines. Subsequently, this means sales declined by more than 100% over the last two decades. One item that continually remained popular was the $2.00 pack of Hubba Bubba Bubble Gum, which individuals would consume until reaching the corner wall adjacent to the stand. The Gum Wall has become an essential asset of First & Pike, with Lee Lockhart always finding that to be rather disturbing. Another asset of this vendor was the $1 postcards, which provided directions throughout the Pike Place Market.
Lee contested that there were better products available for sale at the newsstand. This included American novels from Hollywood actors like Adam Driver and Cate Blanchett. Lockhart also maintained classic books from Alfred Hitchcock to Maire Claire. Additional products included small paintings art and historical non-fiction regarding the Pagan culture. The First & Pike newsstand was one of the oddest locations at the market, which made it one of the most fascinating to traverse.
The Amazing Boss
Mr Lockhart was an incredible individual who hasn’t maintained a salary with his business for thirteen years. This man managed his life off of Social Security, while he paid employees working at the store $15.00 per hour. This payment was provided long before it was required with legislation. Additional benefits with working for Lockhart included top of the line health benefits, even with a part-time employee. The humble nature of this environment prompted no cash register, with clerks using pockets on aprons to collect change or cash from consumers. The only kiosk was minimal, located in the back corner with a credit card reader.
This business began after Lockhart got divorced from his first wife, where he moved to Seattle. Weeks after the move, he opened his newspaper stand. His daughter would create makeshift jewellery for a low cost, which quickly made them a famous location at Pike Place Market.
Planning an upcoming vacation for your loved ones can be a challenging task, especially when applying to a theme park. We’ve acquired all the information needed to provide our readers with a detailed guideline on Universal Studios in Orlando. This includes the most popular restaurants, various add-ons that enhance your experience and the entertainment options available. Those willing to implement a strategy towards their upcoming adventure can acquire a peaceful and relaxing vacation, even in a destination experienced by thousands daily. All that’s needed is some advanced planning, which we have provided down below.
The first thing required for your strategical vacation is determining the date best suited for family members. Most likely, this adventure is for a younger family, with most arriving during national holidays or the summer break. This means you’ll be partaking in all the excitement and adventure at Universal Studios with thousands around you. However, this isn’t the end of the world or your positive vacation. The right mindset breeds positive outcomes. Those acquiring a slower period are best suited for the Labour Day Weekend or the Thanksgiving Weekend, where standard holiday rushes are avoided. The two holidays that prompt significant attendances include Christmas and Halloween, which should be avoided.
The next step is determining where’s the best location for you to stay while visiting Universal Orlando Resorts. Numerous hotels are maintained directly on their property, giving consumers immediate access to the parks. There are also rental homes maintained for a costly price, which can be avoided by renting an Airbnb nearby. All of these choices can make this determination challenging for parents or travellers. One benefit of admitting with a Hotel at Universal Studios is that you receive an hour early access into the Wizarding World of Harry Potter. It’s the perfect strategy to avoid the long lines.
The available hotels at Universal Studios Orlando limit your transit times from the parks, with on-site drivers taking you where is required. Those hotels include Portofino Bay Hotel, the Hard Rock Hotel, the Royal Pacific Resort, and the Sapphire Falls Resort. Universal Studios Bus Tours will maintain 24/7 shuttles for visitors. However, there is a significant downside when staying with one of these properties, and that’s the associated costs. These hotels typically cost anywhere from $200 to $450 nightly. Universal Studios allows visitors to avoid those expensive resorts with the Dockside Inn Suites, Endless Summer Resorts, and Surfside Inn Suites. These hotels typically cost $80 per-night throughout the off-season.
The Mall of America is continuously upgrading their services, working night and day to appeal towards new consumers. One of the latest ventures to acquire new guests is with the development of an enormous water park, which is being built directly against the gigantic mall. The building plans and zoning laws were approved by the Bloomington City Council, who will now allow for a 330 thousand square foot waterpark to be designed beside Lindau Lane. There will be an adjoining bridge between the mall and this new waterpark, with the total cost expected to range around $250 million. Once it’s completed, it’ll be the largest waterpark built in North America.
Now that this waterpark has been approved, large-scale efforts must be undertaken to renovate individual sections of MOA. The massive park lot located by Lindau Lane on the northside of the mall will be redesigned for the waterpark. This means that new parking facilities will be built underground, with significant parking ramp being modelled for the east side of the waterpark. Subsequently, more than 1700 new parking spaces will be available. Included in these parking facilities will be VIP Locations, where an employee will park your vehicle and take luggage to hotel suites located in the waterpark.
The Bloomington City Council worked a contracting deal with the Mall of America, which enabled the approval to be fast-tracked. The Provident Resources Group is crafting this new waterpark facility. Their located in Louisiana and work as a not-for-profit organization. Tax-Exempt Bonds are being maintained by the Arizona Industrial Development Authority, who will fund the Louisiana-located construction company. The city council provided financial details to reporters, which was surprising.
Citizens were shocked that the city council didn’t want property taxes to be paid on this new 330 thousand square feet facility. It suggests that individuals in the committee received a payout from the Mall of America. However, the committee came to their defence by saying that when this facility begins to turn a profit, a 1% tax will be maintained on all funds being earned from the waterpark. Most don’t realize that this could be worth millions in the coming years.
Another way that voters and taxpayers in the City of Bloomington were wronged was with the announcement of the parking ramp and sky bridge connection. Citizens were told that the city would spend $55 million to create these two facilities, with financing coming from the Bloomington Port Authority.
It’s been years since the announcement that the Oakland Raiders would move to Las Vegas. However, it wasn’t known when they would arrive for their first season in Sin City. It was revealed on December 13th that the Raiders would begin their stint with Las Vegas in 2021. The upsetting things for fans are knowing that 2020 is their last official season in Oakland and that the team most likely won’t ever return to their home state. However, that doesn’t mean that Raiders fans don’t have exciting things coming next season.
Their new home season has been in development for two years, and it’s slated to be the most modern facility in the National Football League. This stadium was subtly named the Death Star, with its official title coming as the Allegiant Stadium.
This new stadium received its official title with the partnership of Allegiant Airlines, a corporation based out of Las Vegas. Raiders fans will receive specialized treatment when travelling with the airline for an Allegiant Stadium matchup. Considering the popularity of this tourist destination, it makes sense that the Oakland Raiders would select a partner that can assist with travelling for home state fans. This deal was additionally the largest ever made within the National Football League.
Local citizens from Las Vegas are concerned with the new stadium, claiming that the increase of tourists in residential areas will prompt tailgating. This new facility will host 65,000 fans per game, with more than 2500 parking spaces. Subsequently, numerous fans will begin drinking and cooking by their vehicles. Allegiant Stadium could, unfortunately, become the new reason for increased crime in Las Vegas, which Raiders Owners hope won’t be the case.
The Allegiant Stadium will be completed by July 31st, 2020. It’s slated that the Raiders won’t begin playing at their new home-base until 2021. However, there is always the chance that delays in the project could make the completion date later than anticipated. Don Webb, the Chief Operating Officer for Allegiant Stadium, noted that there hadn’t been any delays in construction since it began in late 2017.
American Cruise ship Lines reveals the brand-new Songs Cities Cruise Liners. These shipping vessels will operate in between Nashville and Memphis, which will undoubtedly cruise along four beautiful American rivers. Those rivers include the Kentucky Lakeway, The Mississippi River, the Tennessee Stream, and the Cumberland. Aboard as well as ashore, American’s brand-new 8-day Songs Cities cruise ships will undoubtedly be unified trips– discovering the background as well as websites of the 4 Rivers Area in addition to America’s many renowned music categories from Nation as well as Rock ‘n’ Roll … to Blues as well as Spirit.
In June 2020, American’s brand-new Songs Cities cruise ships will undoubtedly leave from Nashville or Memphis, and also deal fantastic free pre-cruise bundles in both traditional music cities. Cruise ships from Nashville, consist of a Free of charge One-Night Pre-cruise Bundle with a remain at the Gaylord Opryland Hotel & Convention. The plan is to supply free tickets to the night’s show at the famous “Grand Ole Osprey,” as well as consist of transport to the show and the ship.
For 2020 Songs Cities cruise ships leaving from Memphis, American visitors will undoubtedly have two pre-cruise alternatives. Those include a free of charge one-night pre-cruise bundle, consisting of a resort remain and also transport to the ship. Cruisers can select that option or a unique two-night costs pre-cruise plan, which will include two evenings at the Bed and breakfast Resort (beside Graceland), VIP tickets to Graceland, along with a Memphis City Scenic tour as well as the transport to the ship the day of departure.
Ashore in Memphis, visitors will undoubtedly go to well-known music spots such as Graceland, the Memphis Songs Hall of Popularity, and also the Memphis Rock ‘n’ Heart Gallery. In the fabulous c and w city of Nashville, visitors can check out the Grand Ole Opry, the C And W Hall of Popularity, and also Honky-Tonk Row.
Throughout the cruise ship, visitors will certainly additionally have the possibility to discover communities and also archaeological sites in the historical 4 Rivers Area, consisting of Clarksville, TN; Dover, TN; as well as Paducah, KY, along with a day of traveling along the stunning coastlines of Lake Barkley and also Kentucky Lake, KY. Aboard, American’s brand-new Songs Cities cruise ships will be curated with music amusement. This is in addition to topical enrichment talks provided by onboard chroniclers and also professionals that will certainly sign up with visitors throughout the cruise ship.
The Holiday Seasons are beginning with December 1st right around the corner. This season brings plenty of entertainment opportunities for families across the United States of America. One such place is Six Flags, who decorates the entirety of their park to immerse visitors in an enchanting wonderland based around the Christmas Holiday. All parks located in America operate the Holiday in the Park annual festivities, giving everyone from Buffalo to Florida something to enjoy.
Those that participate in the holiday festivities with Six Flags will see the entire amusement park transform into an atmosphere that compiles millions of dazzling lights and Christmas events. While on rollercoasters, decorations like a snowman or large Christmas trees will be on display. These exciting events began on November 24th and will continue until December 31st, 2019. One of the newest attractions appearing for the Holiday in the Park festivities is the Riverview Carousel, which sees more than ninety thousand illuminated lights appear over 1,350 feet of garland. Attached to this garland are more than 1000 ornaments and 200 illuminated candles. This created a visual experience, unlike any other holiday theme-park nationwide.
When arriving at an American theme park, there’s an immediate sense of adventure, especially during the holidays. Another attraction being displayed in various Six Flags across America includes the Pandemonium, which sees a massive swing take players through dangling Christmas lights. It should be noted that this attraction is exclusives to adults and is considered to be the most dangerous ride maintained with Six Flags.
Stepping into the main gate at any six flags across America will see visitors hit with a wave of holiday canopies and lights throughout Main Street. It’s estimated that every park manages more than 100,000 lights throughout the main street. This extends to two million park-wide and multiple Christmas trees throughout the facility. The biggest of which is twenty feet in the centre of Main Street.
Those acquiring some delicious treats while exploring the Six Flags Holiday in the Park festivities can traverse to the Peppermint Plaza. This designated area will provide visitors with dozens of Christmas and Holiday-themed food/threats. After the children have been fed, they can be taken to the North Pole and tell Santa Claus precisely what they want for Christmas. There is even the Santa Soup Kitchen, where children can help Mrs Claus with all her cooking duties. Anyone wishing to experience these events can expect to pay anywhere from $250.00 to $2,000.00 depending on your length of stay.
The Las Vegas Strip has continuously changed since the entertainment mecca became famous at the dawn of the 19th century. Now more than a hundred years later, the strip is changing again with the development of a new mega-resort. The Resort World Las Vegas is the next upcoming multibillion-dollar hotel, resort and casino arriving in the Nevada Desert city. However, it was announced today that the development schedule for the new mega-resort has been delayed by several months. This information comes after the Genting Group, a Malaysian-based corporation, revealed upgraded plans for Resort World. These new plans include increasing the capacity, redesigning the property and having a larger budget.
Resort World Las Vegas selected the prior location of Stardust Hotel on the North Strip for their new site. The new hotel has been under construction for more than two years, with original estimations costing the Genting Group $4 billion for the new property. However, with the upgraded plans, that figure has been increased to $4.3 billion. Genting guarantees that Resort World will be the most luxurious and expensive property built in Las Vegas. Additionally, the property is being managed by Scott Sibella. He was the former President and Chief Operating Officer for MGM Grand Hotel, Resort & Casino. He now takes on the role of International Executive and President for Resorts World. This will more than likely bring major fights to the mega-resort, meaning that MGM could be dethroned as the Boxing and UFC hosts in Vegas.
Scott has also assisted with the development of Resorts World Las Vegas since he joined the team in November. Several noticeable changes are happening to the mega-resort going forward. The first is that the Asian and Chinese theme for the resort will be axed, allowing for Sibella to create a more modern and contemporary theme. This will be similar to the Aria, which is the most popular hotel in Vegas for 2019. Additional changes include the resort building a 5,000-Seat Theatre that could host performances and fights regularly. It’s rumoured that Scott has already begun setting up matches for Resorts World Las Vegas when it opens in late 2020.
There will also be a new nightclub being built for the property, which will be more than 77 thousand square feet. This is meant to appeal to the younger audiences that are beginning to come to Las Vegas. Subsequently, all these upgrades will cost the Genting Group more than $300 million.