IHG, The Parent Company Of Holiday Inn, Sweetens Shareholder Returns On The Travel Comeback

Taavel giant  IHG announced a $500 million share repurchase after its half-year profit more than quadrupled, supported by rising room pricing, strong leisure travel demand, and a resurgence in corporate stays, particularly in the United States. Hotel operators benefit when people travel more and stay longer in hotels, raising occupancy rates and pricing, yet they face…

Despite Economic Concerns, Suzuki Motor Claims Demand Is High

Suzuki Motor of Japan said on Friday that it does not expect vehicle demand to decline in Japan or its main market of India, despite mounting concerns about a worldwide economic slump. Suzuki’s senior managing executive officer, Masahiko Nagao, shares the bullish attitude of other Japanese manufacturers, despite rising inflation and interest rates fueling concerns…

Nintendo Switch Sales Are Down Due To A Chip Shortage

Following chip shortages, Nintendo Co Ltd sold 23 per cent fewer Switch consoles in the April-June quarter than the previous year, the company said on Wednesday. The Kyoto-based gaming company predicted that procurement would rise “from late summer to autumn” and maintained its target of selling 21 million devices in the fiscal year ending March 31,…

BMW Anticipates A Tumultuous 2022, With An Emphasis On Chips And Energy Squeeze

BMW cut its output prediction and warned of a highly variable second half on Wednesday, citing energy supplies in Europe and chip supply globally as two critical elements in the manufacturer meeting full-year earnings forecasts. New inbound orders were beginning to diminish, but order books will stay full for the next three months, according to…