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Royal Caribbean Group announces pricing of $500 million senior convertible notes offering

MIAMI, Oct. 13, 2020 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced that it has priced its previously announced private offering of $500 million aggregate principal amount of 2.875% Convertible Senior Notes due 2023 (the “Convertible Notes”). In connection with the offering of the Convertible Notes, the Company granted certain of the initial purchasers of the Convertible Notes a 13-day option to purchase up to an additional $75 million aggregate principal amount of the Convertible Notes. The offering is expected to close on October 16, 2020, subject to customary closing conditions. The Company expects to use a portion of the net proceeds from the offering to repay its 2.650% Senior Notes due 2020, with the remainder to be used for general corporate purposes.

The Convertible Notes will mature on November 15, 2023, unless earlier converted, redeemed pursuant to a tax redemption or repurchased. The initial conversion rate

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Royal Caribbean Group announces pricing of offering of 8,333,333 shares of common stock

MIAMI, Oct. 13, 2020 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced that it has priced its previously announced underwritten public offering of 8,333,333 shares of common stock of the Company at a price of $60.00 per share. The offering is expected to close on October 16, 2020, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to 1,250,000 of additional shares, which must be exercised on or before November 12, 2020. The Company expects to use the net proceeds from the offering for general corporate purposes.

The Company also announced by separate press release that it has priced its previously announced private offering to eligible purchasers of $500 million aggregate principal amount of 2.875% senior convertible notes due 2023 (or up to $575 million aggregate principal amount if the initial purchasers exercise in full their option to purchase additional

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Universal Music Group announces $1.2B resort in Mississippi

BILOXI, Miss. (AP) — A coastal Mississippi city will be among the first sites to launch a hotel and casino backed by a major global music corporation, according to officials.

The $1.2 billion Biloxi resort, a partnership between Universal Music Group and the Dakia U-Ventures investment group, is set to include a large performance venue, a 1,000-room luxury hotel and a casino, according to a Friday announcement from the groups, which are also launching similar ventures in Atlanta and Orlando, Florida.

The Biloxi City Council in June approved a tourism tax incentive to redevelop a 266-acre (108-hectare) property that was once the site of the Broadwater Beach Hotel, marina, and golf course, according to the city resolution. The historic resort was built in 1939 and closed in 2005 shortly before Hurricane Katrina destroyed the property, news outlets reported.

Universal called the venture a “music-based experiential hotel” property and said

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Royal Caribbean Group announces proposed offering of senior convertible notes

MIAMI, Oct. 13, 2020 /PRNewswire/ — Royal Caribbean Group (NYSE: RCL) (the “Company”) today announced that it has commenced a private offering of senior convertible notes to be issued by the Company due 2023 (the “Convertible Notes”) for an aggregate principal amount of up to $500 million. In addition, the Company intends to grant the initial purchasers an option to purchase up to an additional $75 million principal amount of Convertible Notes.

The Convertible Notes will be convertible at the holder’s option in certain circumstances. Upon conversion, the Company may satisfy its conversion obligation by paying or delivering, at its election, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock.

The Company expects to use a portion of the net proceeds from the offering to repay its 2.650% Senior Notes due 2020, with the remainder to be used for general

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Kroger, Hyatt Hotels, ResMed, LHC Group and NovoCure highlighted as Zacks Bull and Bear of the Day

For Immediate Release

Chicago, IL – October 12, 2020 – Zacks Equity Research Shares of The Kroger Co. KR as the Bull of the Day, Hyatt Hotels Corporation H asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on ResMed Inc. RMD, LHC Group, Inc. LHCG and NovoCure Limited NVCR.

Here is a synopsis of all five stocks:

Bull of the Day:

The new stay home economy has brought tough times for several industries. At the same time, it has created opportunities for profits. All those dollars folks used to spend on going out to restaurants and going on trips has transitioned. By paying attention to stocks which have seen earnings estimates rise in the wake of this shift, investors can be better positioned to make money over the long term. Choosing stocks in the good graces of the Zacks Rank uncovers these stocks.

One such stock

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Resort backed by Universal Music Group coming to Biloxi

Massive new hotel and entertainment destinations backed by Universal Music Group are coming to Biloxi, Atlanta and Orlando.

Universal Music Group, in partnership with the Dakia U-Ventures investment group, announced new details Friday about their joint venture called UMusic hotels. Renderings of the planned UMusic Broadwater Hotel show a waterfront venue that appears to rival Biloxi’s biggest resort, the Beau Rivage Casino, Resort and Spa, in scale. The design features an indoor concert hall substantially larger than those at Beau Rivage, the Hard Rock Biloxi and other casino properties, with a large exterior screen facing a marina.

According to information released Friday, the venue “will seamlessly integrate a stunning performance venue and a luxury hotel with an immersive architecture style.” A publicist said plans call for the property to include casino gaming.

Dakia describes its U-Ventures branch as managing “a portfolio of incubated companies growing interrelatedly across the hospitality and

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Group Travel Market in Asia-Pacific to Garner $689.5 Billion by 2030: AMR

Portland,OR, Oct. 07, 2020 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the Asia-Pacific group travel market generated $363.11 billion in 2019, and is estimated to garner $689.5 billion by 2030, witnessing a CAGR of 6.0% from 2019 to 2030.The report provides a detailed analysis of changing market trends, market size &estimations, key winning segments, top segments, value chain, and competitive scenario.

Pursuit of unique experiences and innovative marketing &promotionalstrategies on social media drive the growth of the Asia-Pacific group travel market. However, terrorism activities, political unrest, and climate changes present restraints in the market growth. On the other hand, a new trend of eco-mmodationand implementation of mobile applications, big data analytics, and artificial intelligence in the travel industry present new opportunities in the coming years.

 In-depth analysis of the COVID-19 impact on the Asia-Pacific group travel [email protected] https://www.alliedmarketresearch.com/request-for-customization/6071?reqfor=covid

Covid-19 Scenario:

  • There has been a lockdown
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Flywire reveals new collaboration with Brazilian group

Valentina Vitali
Valentina Vitali

FXC Intelligence Research Analyst

Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Flywire, which offers payments services, will work with the Brazilian Educational & Language Travel Association (BELTA) to help students make tuition payments.

  • According to BELTA, many Brazilian students go abroad each year, creating a significant demand for these services in the country.

  • A spokesperson for Flywire said that agents in particular were likely to benefit from the service, while students and schools would also find themselves enjoying a better experience.

Online money transfer company Flywire has confirmed that it will be working alongside a Brazilian travel association as part of a service aimed at students.

The firm said that it would be working with the Brazilian Educational & Language Travel Association

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Lobbying group: Two-thirds of Indiana’s hotels face closure

INDIANAPOLIS (AP) — About two-thirds of Indiana’s hotels could be forced to close permanently in the coming months if Congress doesn’t provide more financial relief to the beleaguered hospitality industry that’s been hard-hit by the coronavirus pandemic, a national lobbying group says.

The American Hotel & Lodging Association, estimates that nearly 700 of Indiana’s 1,042 hotels will permanently close within the next six months if they don’t obtain additional funding, based on numbers from a national survey of its members earlier this month.

Nearly half of the state’s hotels could also face the risk of foreclosure, the survey found.

The conclusions highlight what the lobbying group says is a crucial need for more financial support from Congress to aid the nation’s hospitality industry, the Indianapolis Business Journal reported. “It’s time for Congress to put politics aside and prioritize American workers in the hardest-hit industries,” Chip Rogers, president and CEO of

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Despegar Completes Acquisition of Best Day Travel Group

Strengthening Despegar’s Competitive Advantages in Mexico

Despegar.com, Corp. (NYSE:DESP), (“Despegar”), the leading online travel company in Latin America, today announced that on October 1, 2020 it completed the previously announced acquisition of Best Day Travel Group (“Best Day”), one of the leading travel agencies in Mexico. Best Day is expected to represent a key asset for Despegar, given its strong presence and leading market share in Mexico, particularly in the Hotels, Packages and Other Travel Products segment.

Operating for more than three decades in Mexico, Best Day has built an attractive business, with 95% of its 2019 revenues in the Hotels, Packages and Other Travel Products segment, including a robust B2C offering. Online transactions accounted for about 70% of total sales in 2019. Best Day’s revenues for 2019 were approximately US$140 million.

As disclosed on June 11, 2020 the terms of the transaction were as follows:

  • Base consideration of

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