Lodging & Hotel

Airbnb reported revenue grew 58 percent in the second quarter from a year earlier to $2.1 billion, reflecting its strongest second quarter ever. The company also recorded $379 million of net income, the highest ever for that period.

Big hotel brands’ emission reduction pledges have remained largely, if not entirely, focused on operational carbon via reductions in fossil fuel use, waste, and water usage.

The Grand LA will include a 28-floor Conrad hotel and a 45-story apartment tower that will open this summer. The retail section will debut in 2023.

Bloomberg compared hotel rates in seven leisure markets that epitomize summer luxury travel.

The company said it would reinstate its dividend and is planning to start repurchasing shares again.

Some potential buyers have already passed on the property. The casino has been offered to private equity firms and other operators.