Royal Caribbean Drives Towards Record Yearly Earnings

first_imgzoomThe recently delivered Symphony of the Seas; Image Courtesy: STX France Miami-based cruise liner conglomerate Royal Caribbean Cruises ended the first quarter of 2018 with a further rise in its earnings.RCL delivered a profit of USD 218.7 million in Q1 2018, an increase of 1.9 percent when compared to a profit of USD 214.7 million seen in the same period a year earlier.In addition, total revenues stood at USD 2.03 billion in the quarter ended March 31, 2018, against USD 2.01 billion posted in Q1 2017.As explained, the improvement was mainly driven by better than expected revenue from RCL’s global brands and joint ventures.“We are delighted to report another record breaking quarter and to be driving towards record earnings for the year, above our initial guidance,” Jason T. Liberty, Royal Caribbean Cruises’ executive vice president and CFO, commented. “Revenues continue to excel and expenses, even including some new demand generating initiatives, continue to be carefully controlled,” Liberty added.During the quarter, the company also completed the USD 500 million share repurchase program authorized a year ago.What is more, RCL has increased its forecast of full year adjusted EPS to a range of USD 8.70 to USD 8.90 per share, USD 0.15 above the previous guidance.The company’s 2018 booked position is better than last year’s record high and ahead in both volume and rate.“This year is proving to be another strong year with all our brands firing on all cylinders,” Richard D. Fain, RCL’s chairman and CEO, said.“The market continues to support our growth as our people keep focused on delivering our targets and goals. The strength of this market plus our new ships in 2018 (Symphony of the Seas, Azamara Pursuit, Mein Schiff 1 and Celebrity Edge), position us nicely for 2019 as well,” Fain concluded.last_img read more

Recent Wilmington Real Estate Transactions

first_imgWILMINGTON, MA — Below are real estate transactions in Wilmington during the week of August 12, 2018:Address: 250 Andover StreetPrice: $3,150,000Buyer: Ask Group LLCSeller: Rachele Depamphilis, Trustee for Spinelli GrandchildrensDate: 8/15/18Use: R&D FacilityLot Size: 179,032 sfAddress: 94 Glen RoadPrice: $542,000Buyer: Sergio Servello & Mindy L. ThompsonSeller: Mullane Construction LLCDate: 8/14/18Use: 1-Family ResidenceLot Size: 6,970 sfAddress: 15 King StreetPrice: $570,000Buyer: Christy Endicott & Matt BrownSeller: Steven A. Callahan, Trustee for 15 King Street RTDate: 8/16/18Use: 1-Family ResidenceLot Size: 13,939 sfAddress: 15 McDonald RoadPrice: $435,000Buyer: Roy McDonaldSeller: Patrick W. HensleyDate: 8/15/18Use: 1-Family ResidenceLot Size: 10,019 sfAddress: 10 Middlesex Avenue, Unit 18Price: $525,000Buyer: Pramila H. SubramanyamSeller: Reinier Lacson & Loudres LacsonDate: 8/17/18Use: CondoLot Size: n/aAddress: 28 Moore StreetPrice: $420,000Buyer: Michelle KellySeller: Paul A. Krzeminski, Trustee for Grace RTDate: 8/17/18Use: 1-Family ResidenceLot Size: 35,284 sfAddress: 42 Swain RoadPrice: $465,000Buyer: Kathleen M. Poulin & Craig R. PoulinSeller: Carolyn J. DiNataleDate: 8/15/18Use: 1-Family ResidenceLot Size: 14,810 sfAddress: 4 Tomahawk DrivePrice: $635,000Buyer: William G. Houser & Carolyn J. HouserSeller: Benedetto Vivona & Jane VivonaDate: 8/15/18Use: 1-Family ResidenceLot Size: 42,253 sfAddress: 304 Woburn StreetPrice: $535,987Buyer: Leslie Roy & Tracy RoySeller: Christopher J. Feudo & Gail A. FeudoDate: 8/14/18Use: 1-Family ResidenceLot Size: 44,867 sfLike Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedRecent Wilmington Real Estate TransactionsIn “Business”Recent Wilmington Real Estate TransactionsIn “Business”Wilmington Real Estate Transactions (Week of August 20, 2019)In “Business”last_img read more

Ward 8 Dems Debate Airbnbs Toll on Affordable Housing

first_imgThe Ward 8 Democrats held a debate on affordable housing and whether home-sharing is beneficial for District of Columbia residents. The debate, “Affordable Housing vs. Airbnb” was held at the St. Elizabeths East R.I.S.E. Demonstration Center May 20.Will Burns, the public policy director for Airbnb, sat on a panel discussing affordable housing in relation to home-sharing. (Courtesy Photo)Panelists included Will Burns, public policy director for home-sharing behemoth Airbnb; Synta Keeling, a Ward 7 host for Airbnb; Desmond Surrette, deputy political director of Local 25 UNITE HERE representing 6,500 hospitality workers in the Washington, D.C. metropolitan area; Jim McCrath, founder of tenant advocate organization TENAC, and Charles Leocha, founder and president of advocacy group Travelers United.The primary issue was “The Short Term Rental Regulation and Affordable Housing Protection Act of 2017.” This legislation, authored by D.C. Council member Kenyan McDuffie (D-Ward 5), makes it illegal for District property owners to post multiple addresses for short-term rentals and would cut the number of days a homeowner could rent a property from an unlimited amount of time to 15 days per year.Additionally, the bill wouldn’t restrict those who rents out a basement apartment or rooms within their primary residence, or homeowners doing business with Airbnb. Firms like Airbnb would have to be licensed and regulated.Burns said Airbnb is a good corporate neighbor in the District and not just here to make money. “We are committed to paying our taxes,” he said. “Airbnb is good for the city because home sharers on average earn $5,800 a year in extra income. I believe that we should be regulated and there should be a cap on the number of nights that Airbnb uses and the hosts should be licensed.”Burns is skeptical about McDuffie’s bill because it would cause undue regulations on the hosts and impede his company’s growth in the city.Synta Keeling is an Airbnb host in Ward 7, with her residence in the Capitol View/Marshall Heights section. Keeling said her experiences as a host have been positive and Airbnb should be given a chance to flourish. “Hosts are sharing a part of our houses and we should get to do it year-round,” Keeling said. “What we do really helps because there are no hotels in Wards 7 or 8 and we provide a service. Being a host is a great way to supplement income and it really helps because I am a government attorney and I am away sometimes and somebody in the house while I’m [gone] is a benefit.”Surrette made it clear that Airbnb and other home-sharing companies shouldn’t have a free pass from the District government. “We don’t want to ban home-sharing in the city but the city should regulate short-term rentals,” he said. “What does this mean for residents of Ward 8? We don’t want a situation where available housing units are used by Airbnb to make money and not house people.”+He made it clear Local 25 supports homeowners who rent out rooms but said, “The city needs clearer laws on home-sharing.”McGrath was blunt in his assessment of the District’s housing situation and of Airbnb. “There is no affordable housing in this city,” he said. “It is tough for homeless people and middle-income people to live in this city. There are some people who want to make Washington, D.C. another Beverly Hills or Boca Raton.”Former D.C. Council member LaRuby May requested Surrette work with Ward 8 leaders to get a hotel in the ward. He agreed to that, tentatively.According to Curbed, a District real estate market publication, Wards 7 and 8 Airbnb outlets increased 95 percent over the previous year and guest arrivals increased by 165 percent.Leocha supports Airbnb in the city but is aware of the high costs of housing in the District. He said the short-term rental market in the District is a positive and should be supported. “If there is an attempt to curtail the short-term rental market the winner will be the hotel industry in Washington,” Leocha said. “Washington, D.C. is becoming known as a city for short-term renters, whether they are in the military, in government, and in corporate America on a short-term assignment.”The people who attended the debate were largely quiet and seemed to try to digest the issues. Pho Palmer, a political and civic activist in the ward, seemed sympathetic to Airbnb. “There are no hotels east of the [Anacostia] River,” she said. “Airbnb could help increase incomes east of the River with business opportunities.”last_img read more

Girl commits suicide after being rebuked

first_imgKolkata: In a tragic incident, a Class VIII student from Canning in South 24-Parganas committed suicide by consuming poison after she was rebuked by her family members.The victim girl has been identified as Masuda Khatun, a student of a local school. Locals told police the victim might have been rebuked by her parents for she had failed in an examination. It was also learnt that after being rebuked by her family members, the victim locked herself inside her room and consumed poison. She was a resident of Taldi village of Canning. Also Read – Rain batters Kolkata, cripples normal lifeThe incident occurred on Tuesday night. Despite knocking on her door repeatedly on Wednesday morning, the family members did not yield a response. They later broke open the door and found her lying on the bed. She was immediately rushed to a nearby hospital where the doctors declared her brought dead. The incident sparked tension among villagers of the locality. Police later reached the spot and started a probe to ascertain the exact reason behind her committing suicide. Police also came to know that the victim used to be busy on her mobile most of the time when at home. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedPolice are investigating if there is any other angle into the incident. They are investigating if she had committed suicide after being jilted in a love affair or there was any foul play behind her death.The investigating officers are also probing to know if anybody had instigated her to commit suicide. The body has been sent for autopsy. The police are also interrogating the family members of the victim in this connection.last_img read more