), as the hotel operator expects 3 to 5% in worldwide revenue growth and 5.5 to 6% in net growth in its full-year guidance., outlining the hotel chain's expansion and conversion plans as well as how the company sees pricing and inflation fit into its 2024 forecasts.
My, you know, if I play amateur sociologist, I think people during the pandemic recognised I haven't bought another watch or pair of shoes or handbags, and that's OK, but I sure miss travel, and I'm gonna prioritise my disposable income on experiences. I mean, we had a couple really exciting announcements at the luxury end of the market just this week.Uh, Blackstone put did a massive renovation of that hotel before they sold it to host host will convert that to a Ritz Carlton and then in, uh, Southern California in Newport Beach.We reached a deal with the Irvine company and Donald Bren to convert the Pelican Hill resort to a Saint Regis.
There's been some chatter, um, in the various lodging publications of how rent interest rates at still at these levels, um, are impacting development.Now, you have decades of experience in in development.Um, you and I have talked about this in the past.Uh, to be sure, that squeezes the the returns, but their bigger challenge is just accessing debt.
They all wanted to talk about, uh, you know, my perspective on the election, um, as we've discussed in the in the past, one of the really great things about our China business, which is our second biggest market.Um, I think it insulates us a little bit from some of the friction that exists between the two governments.GameStop Stock Soars as ‘Roaring Kitty’ Appears to Show Big Stake. AMC Also Up.
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