The Bearish Outlook for Airbnb — and Why It's Wrong: Analyst

When it comes to Airbnb’s decline in New York City because of a defacto ban, two nearby cities – Newark and Jersey City – are taking advantage.

Cabo San Lucas is experiencing massive growth as historic tourism numbers climb. Never before has this resort city on the southern tip of Mexico’s Baja California Peninsula seen so much development, and with the arrival of more top-name resorts, the area has quickly become one of the most popular luxury destinations in the world.

This is an as-told-to story based on a conversation with David Purcell, 78, a retired attorney. It has been edited for length and clarity. Purcell was among the dozens of people who signed up for a three-year cruise with Life at Sea — an around-the-world journey that was canceled two weeks before its departure. He and 77 other would-be passengers who have not received refunds are asking the US Attorney in Southern Florida to open a criminal fraud investigation into Miray Cruises, the parent company of Life at Sea.

Happy Thursday, folks! Hope you’re having a great week so far. Has it been as busy for you as it’s been for us? Today our lead item comes all the way from the Middle East. Asia Editor Peden Doma Bhutia brings funding news, linking the UAE and San Francisco. Also on the agenda today is Airbnb’s new housing council – Executive Editor Dennis Schaal has the deets.

More than four months since New York City cracked down and limited short-term rentals, Airbnb claims the city hasn’t delivered on the benefits it promised to Big Apple residents.

Airbnb clearly doesn’t want a repeat of New York City’s defacto ban on short-term rentals in other destinations. So it announced the Airbnb Housing Council to better balance its own interests with those of U.S. cities and other communities.

It’s a new year, but when it comes to world-class food and drink, it’s still the same ol’ London. Meaning there's no Shoreditch—err...shortage of options across this perennially dynamic cityscape. With literally thousands of restaurants and bars worth exploring, there’s obviously no way we can include everything on one measly list. So the task here is to highlight some places that are doing something especially awesome this winter season. Whether you’re in town for a short stay, or a longtime local, check out what’s on below and you’re certain to be satisfied.

Some of the world's wealthiest and most powerful people are landing in Davos, as the Swiss ski resort gets ready to host the World Economic Forum.

Frontdesk, the Milwaukee-based property management company that fired its staff of more than 100 last week, filed for receivership, a bankruptcy alternative in Wisconsin, on January 5, according to a published report.

An Alaska Airlines flight departing Portland International Airport (PDX) on Friday night experienced a sudden cabin decompression as a fitting on its fuselage shot away from the plane, leaving a gaping hole in the airplane as frightened passengers scrambled to put on emergency oxygen masks.

Reverse stock splits are almost never a good sign and companies have a tough time recovering. They do it when their shares are in the basement and they’re at risk of a delisting.

The promise of a new year always comes with the arrival of new hotels and resorts, and the editors of Forbes Travel Guide have compiled a list of the 30 most anticipated hotel openings of 2024. From the Dominican Republic to Dubai, here are the properties worth checking out—and into—this year.