Business travel may never fully return, hurting hotel stocks, Morgan Stanley says

first_img– Advertisement – – Advertisement – (This story is for CNBC PRO subscribers only.)Business travel may never return to its pre-pandemic levels, hurting hotels over the long term, Morgan Stanley said Friday in a note to clients.The firm’s analysis is based on an October survey of around 200 corporate travel managers who oversee $8 billion in travel spend. The managers said they believe travel spend in 2021 will be 53% below 2019’s levels, and that beginning in 2022, 22% of meetings will be conducted virtually. Grand Hyatt at SFOSource: SFO Airport – Advertisement –last_img

Joey Votto

first_imgI might be in a minority, but I am not sure if Joey Votto is still pulling his total weight with the Cincinnati Reds.  No one can argue about his ability to get on base; however, for the last couple of months, it has been through walks and not hits.  (I am not referring to the last 2 weeks when he has been injured.)  He is also not hitting with any power this year.When Votto gets on base, he is so slow that if Hamilton batted behind him, Hamilton would likely run past him without thinking.  One of the Reds’ announcers with Votto on second base said “it may take a double to get him home.”  I don’t know if it is a medicine that Votto supposedly takes, but at times he seems to be totally oblivious of the game on the field.  I think he has been picked off of base more than any Red this year, and he seldom gets more than 2 steps off the base.  I know the Reds are in a bind if they thought about trading him.  He has been with the Reds long enough that he can veto any trade and few teams would be willing to pick up his salary.As I said at the start, this is just my opinion!last_img read more

St. Nicholas plans ‘Walk of Remembrance’

first_imgSunman, In. — St. Nicholas Catholic Church will hold a “Walk of Remembrance” at the 1881 school building on Sunday, May 12 from 8 a.m. to 1 p.m. As many as six generations have attended classes or graduated and Father Shaun Whittington says there will be photographs and yearbooks in the gymnasium along with donuts and coffee.Phase I of the Heritage Project will occupied by students, teachers and administrators in the fall of 2019.The parish community is grateful to the benefactors who support the Heritage Project’s Education Center. Father Shaun Whittington, Pastor of St. Nicholas, remarks, “It is amazing the heritage we have at this community of faith. The school is an incredible testimony to God’s presence in our lives.”Funds are being raised for Phase 2 of the Heritage Project – a Fellowship Center. This building will support an updated and expanded kitchen and dining area, a new gym, stage, and multipurpose space. The current kitchen and gym accommodate school, parish, and local community events. It, too, is showing its age through its years of service.last_img read more