Market Overview - The mountain and ski resorts market size grew from $13.24 billion in 2023 to $14.74 billion in 2024 at a CAGR of 11.3% [2] - The market is expected to grow to $22.71 billion by 2028 at a CAGR of 11.4% [3] - Asia-Pacific is projected to be the fastest-growing region in the forecast period [4] Growth Drivers - Rising disposable income, advancements in transportation infrastructure, and growing popularity of winter sports contributed to historic growth [2] - Adaptation to climate change, increasing health and wellness trends, and rising foreign tourism are expected to drive future growth [3] - The growing popularity of winter sports, supported by advancements in equipment and better access to ski resorts, is a key driver [5] Industry Trends - Adoption of artificial intelligence, growth of adventure tourism, and virtual reality experiences are key trends [3] - Major companies are focusing on developing innovative AI-integrated features to enhance guest services and improve safety measures [7][8] - Vail Resorts introduced My Epic Assistant, an AI-powered feature offering real-time information and personalized recommendations [9] Market Segmentation - The market is segmented by services, age group, consumer orientation, booking channel, and tourist type [14] - Services include skiing, trekking, rides, sledding, snowmobiling, and other activities [15] - Age groups range from below 15 years to above 55 years [15] - Booking channels include online and in-person booking [15] - Tourist types include domestic and international visitors [15] Competitive Landscape - Major companies in the market include Vail Resorts, Alterra Mountain Company, Mammoth Mountain, and Whistler Blackcomb [12] - Vail Resorts acquired Crans-Montana Mountain Resort for $0.12 billion to expand its presence in the European ski market [10] Regional Analysis - The market covers countries such as Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, and Spain [4] - The global market is analyzed by region and country, with forecasts provided for 2018-2023, 2023-2028, and 2033 [15][16]

Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...

Toronto, Ontario--(Newsfile Corp. - December 23, 2024) - City View Green Holdings Inc. (CSE: CVGR) (OTC Pink: CVGRF) ("City View" or the "Company"), an innovative Canadian-based cannabis-infused edibles manufacturing company, announces that it has now completed a first tranche (the "First Tranche") of its non-brokered private placement (the "Offering") previously announced on October 17, 2024. Under the First Tranche, the Company has issued 23,475,000 units for gross proceeds of $234,750. No finder's fees ...

Core Insights - Party City is permanently shutting down due to ongoing operational challenges, with CEO Barry Litwin stating that the company's efforts have not been sufficient to overcome these issues [1][4] - The company is expected to initiate widespread store closures starting in February, impacting corporate employees who will lose their jobs [1][2] Company Background - As of late October, Party City operated over 700 company-owned and franchised stores across North America [2] - The company had recently exited bankruptcy approximately 14 months ago, having eliminated nearly $1 billion in debt and improved its capital structure [3] Financial Challenges - The retailer has faced difficulties attributed to inflation, debt, and other factors, which have significantly impacted its operations [5] - Speculation regarding a potential second bankruptcy filing surfaced prior to the announcement of the shutdown [3] Market Presence - Party City was delisted from the New York Stock Exchange in January 2023 following its bankruptcy process, after trading on the exchange for about eight years [7]

Company Overview - Party City exited bankruptcy in September 2023, transitioning into a privately held company and canceling nearly $1 billion in debt, with a majority of its 800 U.S. stores remaining open [1] - The company announced it will close all of its stores and has initiated corporate layoffs effective immediately [7] Leadership and Management - CEO Barry Litwin communicated to employees that the company must "commence a winddown process immediately," indicating that Friday would be their last day of work [3][5] - Litwin was appointed CEO in August and previously led Global Industrial Company, a distribution leader in industrial products [4][8] Financial Challenges - The closure is attributed to ongoing financial challenges, as Party City had filed for bankruptcy protection less than two years ago due to an inability to pay off $1.7 billion in debt [9] - The company faced increased competition in the party goods and costume space, particularly from Spirit Halloween, which has expanded its operations [6][10] Market Dynamics - Online retailers have added pressure to Party City's operations, despite the company beginning to offer items on Amazon in 2018 [10]

Group 1 - City Office REIT, Inc. (NYSE: CIO) has demonstrated cash flow growth for over a decade, attributed to a proven strategy focused on investments in growth real estate markets in the United States [3] - The management of City Office REIT has accumulated significant expertise, which contributes to the company's successful investment strategy [3] Group 2 - The company primarily targets small and medium-cap companies in various regions, including Europe, the United States, and South America, with a focus on mature industries such as mining, oil and gas, and real estate [2] - The investment strategy emphasizes M&A deals, deep value investments, and dividend investing, aiming for an internal rate of return of approximately 5%-7% [2]

VANCOUVER, Dec. 18, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that it has signed a 60,000 square foot lease with an existing tenant at its premier Terraces property located in Dallas, Texas. The lease extends the tenant's existing 44,000 square foot space until 2036 and expands the tenant's space by 16,000 square feet.  Including the expansion space, which is expected to commence in early 2026, the property is now 95% leased.  In addition ...

City Office REIT (NYSE: CIO ) is swapping hands for 3.2x its annualized fiscal 2024 third-quarter free cash flow. The office REIT generated a free cash flow of $18.28 million in the third quarter, up sequentially and far in excessThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tick ...

VANCOUVER, Dec. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the fourth quarter of 2024.  Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock. The dividends will be payabl ...

CARSON CITY, Nev., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, today announced its newest community, Venado Valley, is coming soon to the intersection of North Ormsby Boulevard and West Washington Street in Carson City, Nevada. Construction of the Sales Center and model homes is currently underway, and sales are expected to begin in spring 2025. Venado Valley by Toll Brothers will be a brand-new luxury community of 40 single-family homes in ...