Homepage / Currency / America’s culture wars are spreading to hotels
Asian shares look set to follow Wall Street's soft lead as US tax worries rise Putin and Trump talked on the phone, may have discussed Korean Peninsula Top drone maker will sell $16,500 drone for farmers on Amazon, CEO says 'Most obvious path' for leading US digital currency platform Coinbase is going public, COO says Eating junk and losing sleep: How Uber became a huge headache for Bill Gurley, a top tech investor Uber's purchase of Otto looks like it was much cheaper than originally reported The 5 biggest misconceptions about the Disney-Fox deal Oracle falls despite earnings beat Ripple surges 89% in single day, briefly becomes third biggest digital currency FCC's net neutrality reversal is denounced by Silicon Valley, Democrats Chanos looking at possible bet against Netflix and other streaming services Jim Chanos: We think Tesla is worth zero Wall Street analysts are missing the mark on some red-hot chip stocks Bitcoin investors could see bigger bills thanks to the GOP's tax plan New York attorney general will sue to stop the FCC's 'illegal rollback of net neutrality' Mark Zuckerberg, Priscilla Chan share tips to work with a spouse—and how they'll spend their wealth Mark Zuckerberg and Priscilla Chan: U.S. schools need more technology and one-on-one instruction Amazon Prime growth is slowing down in the U.S., says Morgan Stanley The FCC has reversed a 2015 rule that could change how you access and pay for internet service Cramer: The Disney-21st Century Fox deal gets rid of 'the ESPN problem' Facebook will put ads before videos as part of a new advertising strategy early next year Twitter shares soar to highest level since October 2016 Overstock.com CEO aims to sell or reorganize e-commerce business so he can focus on blockchain Tiffany shares jump after Citi upgrades, citing new leadership and acquisition speculation Bitcoin may now be the biggest financial bubble of all time Spotify's valuation has jumped as high as $19 billion in advance of US IPO, sources say UK's May 'disappointed' with defeat in parliament but says she's on course to deliver Brexit Art Cashin: The stock market rally on hopes for tax bill has more room to run America’s Public Company Accounting Oversight Board gets a new boss American business has concerns on tax reform Not even “The Last Jedi” will reverse Americans’ retreat from cinemas An accounting scandal sends Steinhoff plummeting Companies in the region vote with their feet against political uncertainty Billionaire media investor Mario Gabelli wonders whether Trump's like of Fox might help Disney deal CEO Bob Iger explains Disney's three-pronged approach to taking on Netflix The Murdochs wanted to sell to Disney—here are 4 reasons why Apple Maps now provides detailed maps of airports Disney deal with Fox to compete with Netflix and Amazon is a ‘lost cause,’ analyst says Deutsche Bank says fear of dying soda industry is overblown, recommends Coca-Cola, Pepsi Apple's most powerful computer ever is now available for purchase If the bitcoin boom goes bust, the stock market could see collateral damage, analyst Bob Doll says The FCC is making a landmark ruling Thursday about the future of the Internet ECB chief Draghi speaks following monetary policy decision Buy Lululemon for its ‘significant opportunities’ in international markets, Deutsche Bank says Stocks making the biggest moves premarket: FOXA, DIS, CBS, VZ, DAL, KO & more Here are five risks — including NAFTA and North Korea — that could get in this bull market's way Disney is better off not meddling with Hulu, despite bigger ownership share Disney to buy 21st Century Fox assets for $52.4 billion in stock; Bob Iger to stay on through 2021 Bank of England unanimously votes to hold interest rates, shifting focus to inflation Bitcoin futures could be coming to Germany soon: Report Putin abandons United Russia party, will run as an independent in 2018 election HSBC's currency expert gives his best trades for 2018 Tax reform should not hurt US trade partners, says top EU official All you need to know about the top 5 cryptocurrencies South Africa's Sibanye-Stillwater to buy troubled platinum producer Lonmin IBM teams up with Samsung, JPMorgan to develop quantum computing Greece should only get a debt deal after its bailout is finished, new Eurogroup president says Europe markets set to open lower after Fed meeting; investors await ECB decision Germany’s in the middle of a deep political crisis, but it won't affect the euro Meet the new euro zone finance chief, who’s promising a fresh response for the embattled region Brexit will be a key challenge for 2018, says next euro zone finance chief South Korea's President Moon heads to China to mend ties. Beijing needs a few favors too Australia accused China of political interference, and Beijing isn't happy China just released a bunch of economic data that was in line with expectations China lifts market rates, following move by Fed China and India are fiercely competing to control an airport that basically nobody uses Chinese state press slams Western 'paranoia' for suspicions of infiltration Microsoft doesn't have a flashy assistant like Alexa, but its A.I. is trying to change how you work Cramer says Fox deal will give Disney the scale it desperately needs Just Capital's Dan Hesse: Companies that do good things have roughly 33 percent higher returns Asian markets to focus on Fed's third rate hike of the year; US dollar slides Cramer: Bull markets 'die on euphoria,' and we're one step away There's a one-bedroom condo for sale in Miami — and the seller will only accept bitcoin Apple co-founder, ‘father of the internet’ to FCC: ‘You don’t understand how the internet works’ Satya Nadella wishes Microsoft had got into the public cloud business sooner This elevator goes up, down and sideways, and could be the key to taller skyscrapers Apple has a $1 billion fund for US manufacturers, but it could invest more, said COO Jeff Williams Fed raises rates a quarter point, hikes growth outlook for economy You should update your iPhone now, as the new software fixes a pretty big bug Ivanka Trump’s brand repositions at home, soars in Asia 'Nobody has built a money-printing machine like Apple,' VC Jason Calacanis says These 90 private companies are reshaping the space industry, says Morgan Stanley Gundlach says if you bet against bitcoin today 'you'll make money' Uber's culture issues can be blamed on Silicon Valley's hunger for fast growth: Arianna Huffington Google, Facebook founders were naive about propaganda, extremist content, say Silicon Valley titans Gundlach: Tax plan could have some' unintended consequences,' hurt junk bond market Cramer: People will fight it, but Apple's investment in Finisar is a 'fantastic' deal Facebook found just three Russian-bought Brexit ads, amounting to less than $1 Overstock.com shares spike after blockchain unit announces for-profit property registry Dow stock Boeing is on track for best year in nearly 4 decades, but the charts point to trouble Another bitcoin rival leaps to a record high, surpassing litecoin's market value Martin Sorrell: Finalized Disney-Fox deal would be a top media investment for us What to expect in Yellen's swan song: 'She's not a showboater' Target to buy grocery delivery service Shipt for $550 million When politicians and executives get caught out Some of Facebook’s early friends now its sharpest critics US says hacker to plead guilty for role in 2016 cyber attacks Laser chip maker Finisar jumps 25% on news that Apple's investing $390 million in the company The Amazon Echo now lets you play Spotify across all of your Echos Citi has 5 reasons — including tax reform and global growth — why Apple can keep crushing market

Currency

America’s culture wars are spreading to hotels

CHOOSING a hotel for a trip is generally seen as an apolitical decision. In contrast, restaurants and cafes have sometimes taken on an ideological tinge, with conservatives mocking liberals for their latte coffees, and liberals ribbing conservatives for their deep-fried everything and well-done steaks. But for most hotel users, location and good Wi-Fi matter more than the ideology of the owners. In some places that now appears to be changing: a trend turbocharged since the arrival of Donald Trump, an owner of an international hotel brand, in politics.

Suddenly the new Trump International Hotel in Washington, DC—on the same street as the White House and Capitol building—became the most politically-charged building in the city, if not the country. Celebrity chefs scrapped their plans to open restaurants there after Mr Trump made incendiary comments about Mexicans. Meanwhile, organisations such as the Kuwaiti embassy felt political pressure to move their events from rival hotels to the Trump building, to curry the new president’s favour.

  • An unexpected result moves Chile into uncharted political territory

  • America’s culture wars are spreading to hotels

  • Marriage longevity in Britain is nearly back to 1970s levels

  • Africans are getting healthier and wealthier…

  • Italy’s World Cup exit is far from an apocalypse

  • How the world changed around Sergio Aragones and Mad magazine

Last week the politics of hospitality got further amplified with the announcement that a new anti-Trump hotel will open its doors in Washington DC. The 209-room Eaton Workshop, set to open next spring just six blocks from the Trump hotel, is branding itself as a progressive haven for the anti-Trump set. The description on its website could be mistaken for a conservative parody of urban liberalism, promising to “set the stage for residing guests, locals and house members to congregate around creativity and consciousness-building.” The hotel will offer an arts programme, a progressive lecture series, and a “radical approach to food and beverage.” The firm plans to add a Hong Kong hotel next year, followed by outposts in San Francisco and Seattle.

Catering specifically to a liberal clientele in big cities is probably a savvy business move. Cosmopolitan urbanites tend to have plenty of spare cash to splash out travelling. And conservatives are few in number in these places. Just 4% of voters in Washington, DC, 9% in San Francisco, and 10% in Manhattan in New York voted for Mr Trump. And going against this urban grain is costly in the travel business. When New York taxi drivers boycotted the city’s John F. Kennedy Airport in January to protest against Mr Trump’s ban on travellers from seven majority-Muslim countries, Uber, a ride-hailing app, sensed a business opportunity and dropped its surge pricing so that rides from the airport would be cheaper. But Lyft, a rival app, sensed a different sort of opportunity and announced a $1m donation to the American Civil Liberties Union, an outfit which opposed the ban. That resulted in Uber reportedly losing 200,000 users, while its rival Lyft attracted many of the progressive former Uber users away. Since then its market share has continued to climb steadily in the city and across America.

Mr Trump’s hotel in Washington, DC may have also profited from its attraction to conservatives. Before it opened, the Trump Organisation expected it to lose $2m in the first four months of 2017, as it worked to establish its clientele. Instead, in August it revealed a profit of $2m for the same period. Whether it can continue to make money is another question, however. One analysis published today by the Daily Telegraph suggests that the price of a two-night stay in Mr Trump’s Washington hotel will cost 52% less in January 2018 than it did the same month a year before, when his inauguration was held in the city. Yet the hotel does not need to appeal to everyone. It just has to attract enough people to fill its rooms and event spaces. Mr Trump’s 63m voters—plus American and foreign entities seeking to curry favour with his administration—may more than suffice.

NextHotels are finding out what amenities guests really want

Source: economist
America’s culture wars are spreading to hotels

Comments are closed.