Might be a good time to get a deal on #Vegas
Las Vegas hotel occupancy dropped nearly 15% in June and another 17% in early July — the steepest decline among the top 25 U.S. tourism markets, according to new data from Smith Travel Research.
13.2% fewer international travelers visited Las Vegas in June compared to last year.
Hotel revenue per room (RevPAR) fell off a cliff, dropping nearly 29% to just just $102.75. Las Vegas hotels are earning significantly less per room than they were a year ago.
More details: travelweekly.com/Travel…
Nvidia Stock Slides As $500B Stargate AI Venture Reportedly Stalls.
The pressure follows reports that Stargate, the ambitious $500 billion AI infrastructure joint venture between SoftBank and OpenAI, is facing significant delays and has scaled back its near-term goals.
Six months after its high-profile launch, the venture has reportedly failed to secure any major data center deals due to persistent disagreements between its partners over strategy and control. The Wall Street Journal reports the project, which initially included a promise of a $100 billion immediate investment, is now focused on building a single, smaller facility in Ohio.
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