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News Roundup
This is a roundup of news and other interesting pieces that I’ve come across over the last few days. Read about the new JetBlue offer for Spirit, Shanghai Disneyland reopening, Airbnb makes its party ban permanent, new Four Seasons in Xi’an and a new all-inclusive in Cancun.
JetBlue continues its fight for Spirit Airlines
JetBlue Airways on Monday ramped up its battle with Frontier Group Holdings for the right to acquire Spirit Airlines as the bidding war for the low-cost airline nears its end.
The latest offer from JetBlue includes a “ticking fee” that would grant Spirit shareholders a monthly prepayment of 10 cents per share between January 2023 and when the deal closes, which would increase the overall value of the deal to $34.15 per share. JetBlue also raised the breakup fee to Spirit by $50 million to reach a total of $400 million if the deal does not receive regulatory approval. The carrier will also prepay $2.50 per share as a cash dividend to Spirit stockholders after the transaction is approved.
Shanghai Disneyland to Reopen on June 30
Shanghai Disney Resort announced today that Shanghai Disneyland will reopen on June 30, 2022. Tickets for Shanghai Disneyland are available for purchase beginning June 29. During the initial park reopening phase the resort management will implement enhanced health and safety measures and undertake a careful ramp up of operations. After reopening, the theme park will join Disneytown, Wishing Star Park and Shanghai Disneyland Hotel in providing a destination with a comprehensive resort experience for everyone.
In accordance with government regulations and guidance, Shanghai Disneyland will resume operations with limited daily capacity and enhanced health and safety protocols.
Airbnb makes its party ban permanent
Airbnb on Tuesday announced a global ban on parties, following a temporary restriction it put in place two years ago. The company is permanently banning “disruptive parties and events,” which include open-invite gatherings. “Party houses,” which people book to throw a large event for just one night, will stay banned as well.
Airbnb placed a ban on party houses and rolled out several safety features in 2019 after five people were killed in a shooting at one of its bookings. In 2020, the company instituted a global ban on all parties as the pandemic hit.
Four Seasons and Vanzhong Group Announce Luxury Hotel in Xi’an
Four Seasons Hotels and Resorts and esteemed Chinese development firm, Spring Garden Company Limited, a subsidiary of Vanzhong Group, announce plans for the upcoming Four Seasons Hotel Xi’an.
Four Seasons Hotel Xi’an has an anticipated opening date in 2026. Distinguished by an expansive landscape within an otherwise high-rise and bustling metropolitan setting, the new-build Hotel will feature 250 luxurious guestrooms and suites as part of a mixed-use development project.
A New All-Inclusive Resort Just Opened its Doors in Cancun
It’s one of the best-known hotel brands in Mexico: Royal Resorts, which operates a portfolio of six family-friendly beach resorts on the Yucatan’s Caribbean coastline. That includes the renowned Grand Residences Riviera Cancun in Puerto Morelos, a resort celebrated often in these pages, and one of the leading hotels in all of Mexico.
And now the company has officially opened the doors of what is almost certainly its most anticipated new resort yet: the Royal Uno All-Inclusive Resort and Spa, a 540-room property in the heart of Cancun.
