From $62,000 hotel suites to race packages with six-figure price tags, the Singapore Grand Prix is a windfall for businesses near the Marina Bay track. But the money isn’t staying in Singapore. Data shows travelers are also spending across Asia before and after the three-day Formula One race, which begins Friday. Flight bookings analyzed by…
The United States stands to lose about $30 billion in international tourism this year, as the country’s political environment and strong dollar continue to deter foreign travelers from visiting. In early 2025, the U.S. Travel Association projected foreign travel spending would rise to $200.8 billion this year. However, noting a “sharp and widespread” drop in…
Jon Morgan, co-founder of business consulting firm, Venture Smarter, was mentoring a Gen Z entrepreneur when he noticed something strange about her life and the one she portrayed online. His 23-year-old mentee had spent 1½ years crafting a luxury travel persona — one that suggested she was living a $500,000-a-year lifestyle, he said. In reality,…
Nan Palmero was at a rehearsal dinner in Mexico City’s trendy Roma Norte neighborhood, ahead of a wedding of two American friends, when he heard a “rumbling” outside. From the restaurant’s second story, Palmero described seeing a large group of people moving through the streets, some holding placards, shouting “Gringos leave.” He later learned that…
Resorts World Sentosa will “be ready” when Singapore’s Gambling Regulatory Authority considers its casino license renewal in 2026, the company’s CEO Lee Shi Ruh told CNBC late last month. In November 2024, Singapore’s gambling agency announced it was renewing the integrated resort’s casino license for two years, instead of three, citing “unsatisfactory” tourism performance from…
Visitors to the United States will need to pay a “visa integrity fee,” according to a provision of the Trump administration’s recently enacted One Big Beautiful Bill Act. The fee applies to all visitors who need non-immigrant visas to enter, and cannot be waived. However travelers may also be able to get the fees…
Construction has started on an $8 billion “ultra luxurious” integrated resort in Singapore that will expand the city-state’s Marina Bay Sands integrated resort and Las Vegas Sands’ presence in Asia. Singapore’s Prime Minister Lawrence Wong and Las Vegas Sands co-founder Miriam Adelson attended a ground-breaking ceremony Tuesday, where it was revealed that the development will…
