Markets

Insider Trading

Hedge Funds

Retirement

Opinion

The Most Glamorous City in the US

We recently compiled a report on the 26 Most Glamorous Cities in the US and in this article, we will look at the most glamorous city in the US.

Overview of the Tourism and Travel Sector

The pent-up demand for tourism and travel after the uplifting of the restrictions imposed by the COVID-19 pandemic can be seen exhibited in the tourism trends across the globe. Data from Mastercard Incorporated (NYSE:MA) shows that global leisure travel increased by around 31% in March 2023 as compared to its pre-pandemic levels in 2019. This translates to a 25% year-over-year growth between 2022 and 2023. Leisure and business travel have been on the path to recovery since 2022, increasing at the same rate. The sectors experienced a 33% increase in March 2023 as compared to its pre-pandemic levels in March 2019, and a year-over-year-to-date growth rate of 42% between 2022 and 2023. Trends across the tourism and travel sector show that travelers are keen to travel and experience the world, with total spending on experiences increasing by 65% in March 2023 as compared to its pre-pandemic levels in 2019. Similarly, the spending on things during traveling also increased by 12% between the same time period.

A report released by the United Nations World Tourism Organization (UNWTO) titled World Tourism Barometer January 2024 shows that international tourism has recovered nearly 88% of its pre-pandemic demand. The sector is anticipated to catch up to its pre-pandemic demand in 2024. Estimates show that around 1.3 billion international tourists were recorded across the globe in 2023. This number shows a growth of 34% over 2022. The UNWTO Tourism Confidence Index survey further highlights the positive trajectory for international travel, with 67% tourism professionals expressing belief in “better or much better prospects” in 2024 as compared to 2023. The tourism direct gross domestic product (TDGDP) as of 2023 stands at $3.3 trillion, which translates to 3% of the global GDP according to preliminary tourism estimates. These levels are the same as pre-pandemic levels in 2019, primarily fueled by recovering international and domestic levels. You can also look at 30 Most Visited Cities in the US by Foreigners for further insights.

Travel and Tourism in the USA

The tourism and travel sector in the USA reflects global trends. According to estimates by the Bureau of Economic Analysis, which is an official website of the US government, the travel and tourism industry as a whole grew by 53.6% in 2021, and 21.0% in 2022. When computed by real gross domestic product (GDP), the broader economy grew by 5.8% in 2021 and 1.9% in 2022. According to our report on the 30 Most Visited Cities by American Tourists, New York’s New York City, California’s San Jose, Georgia’s Atlanta, and California’s Los Angeles were the most popular tourist destinations across the country. These trends are primarily driven by the glitz and glamor of these cities, taking the lead in fashion, fine food, luxury, and tourist attractions.

Some of the most prominent luxury companies boosting tourism include Hyatt Hotels Corporation (NYSE:H) and Marriott International, Inc. (NASDAQ:MAR). On June 1, Hyatt Hotels Corporation (NYSE:H) announced the debut of the Park Hyatt brand into Hunan, central China. The Park Hyatt Changsha will take up the uppermost floors of the International Finance Square (IFS), which is a 1,000-foot-tall skyscraper and the tallest building in the Hunan province. Guests at the Park Hyatt Changsha will thus have unhindered access to the largest commercial complex in the city, buzzing with high-end fashion.

Marriott International, Inc. (NASDAQ:MAR) is another prominent name in the luxury hospitality industry. On June 3, the hotel company announced plans to take three luxury properties in the United States under the umbrella of the Marriott Bonvoy portfolio. These three iconic properties include Turtle Bay Resort, The Resort at Pelican Hill, and a luxury Midtown hotel located in New York City. The Turtle Bay Resort is located on the North Shore of O’ahu, Hawai’i, and is expected to become a part of The Ritz-Carlton brand portfolio this summer. The Resort at Pelican Hill is a 504-acre luxury resort located in Newport Beach, California, and is set to join the luxury portfolio by Marriott International, Inc. (NASDAQ:MAR) on July 1.

Lastly, New York City’s luxury hotel stands at the heart of Midtown Manhattan, with the biggest tourist attractions including Times Square, Fifth Avenue, The Museum of Modern Art, Central Park, and The Museum of Modern Art nearby. It is set to join the Marriott Bonvoy on June 5. Here is what Leeny Oberg, Chief Financial Officer and Executive Vice President, Development, Marriott International, had to say about the development:

“In the last few weeks, we finalized deals for conversions of three incredible properties, adding over 1,000 rooms to our system and continuing to underscore our commitment to luxury. We are sought out by owners because of the depth and breadth of our brand portfolio and the power of our platform to drive results. Today, the company has an industry-leading global luxury distribution of over 510 open hotels with another 234 luxury hotels in the signed pipeline. We look forward to strengthening our leadership in this important customer segment as we continue to work with owners to maximize the potential of their projects.”

Now that we have taken an overview of the travel and tourism sector, let’s look at the most glamorous city in the US. You can also look at 30 Most Fun Cities in the US in 2024 and 30 Most Interesting Cities in America.

Pixabay/Public Domain

Our Methodology

In order to compile a list of the 26 most glamorous cities in the US, we used a consensus approach and a visitor survey through Reddit. Firstly, we consulted ten online travel expert resources to compile a list of the 26 most glamorous cities in the US. Next, we looked at ten Reddit threads that asked commenters to mention the most glamorous US cities they had visited in the United States. We only chose threads that had more than 50 comments and studied more than 500 comments to shortlist the most glamorous cities in the United States that had the most recommendations by Reddit users. We then counted the number of upvotes on each comment and chose the top 26 cities with the most number of upvotes. The 26 most glamorous cities in the US are arranged in ascending order of their number of upvotes on Reddit.

Note: This list is not exhaustive and does not reflect our opinion. The ranking is solely based on the opinions of mass consumers on Reddit.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

The Most Glamorous City in the US

1. New York City, New York

Number of Reddit Upvotes: 786

New York City ranks first on our list of the 26 most glamorous cities in the US. Located in New York state, New York City was the capital of America between 1785 and 1790. The city sits at the juncture of the Hudson River and the Atlantic Ocean, and comprises five boroughs. At the city’s heart stands the densely populated borough of Manhattan, also known as one of the most prominent financial, cultural, and commercial centers in the world. Also known as The Big Apple, New York City ranks as one of the most popular cities across the globe. It is the melting pot of America, housing people from diverse cultures and backgrounds. Some of the most popular tourist attractions in the city include Times Square, the Empire State Building, Central Park, the Metropolitan Museum of Art, the Statue of Liberty, the Museum of Modern Art, and several others.

According to our methodology, New York City is the most glamorous city in the US. To look at more glamorous cities in the country, you can check out our detailed report on 26 Most Glamorous Cities in the US.

At Insider Monkey, we delve into a variety of topics, ranging from the most glamorous US cities to business aspects; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 25 Best Dividend Aristocrats to Buy According to Analysts.

Disclosure: None. This article is originally published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…