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Month: April 2024

The lap of luxury? High-end travel having huge ‘moment’ in Savannah, Georgia

The lap of luxury? High-end travel having huge ‘moment’ in Savannah, Georgia

Adam Van Brimmer | (TNS) The Atlanta Journal-Constitution

SAVANNAH, Ga. — For years, the face of travel in this antebellum town tended to be sun-kissed pink and slightly sweaty, peering from the open-air window of a fully loaded tourist trolley.

Not anymore.

The luxury traveler is an increasing presence in Savannah, and the more discerning visitors are spurring rapid expansion of high-end hotels. The fourth such property to open in the last six years began operations last month, and two more luxury offerings, including a Ritz-Carlton, are in development.

Demand is high: the occupancy rate for Savannah’s luxury hotels topped 77% in 2023, higher than the upscale, mid-price, economy and even budget segments. The average rate was $265.71, and revenue per available room, a key industry metric, eclipsed $200.

Room rates at the city’s three premier properties — the J.W. Marriott Plant Riverside District, the Perry Lane Hotel and the Hotel Bardo, with a combined 700-plus rooms — often top $400 a night. read more

8 new ships coming to Norwegian Cruise Line, sister brands plus dock at Great Stirrup Cay

8 new ships coming to Norwegian Cruise Line, sister brands plus dock at Great Stirrup Cay

The parent company to Norwegian Cruise Line announced Monday a major order for eight new ships among its three brands as well as the construction of a pier to allow its cruise ships to dock instead of tender to its private Bahamas island for the first time.

Norwegian Cruise Line Holdings said it was planning to bring on four new ships for NCL, two new ships for upper premium brand Oceania Cruises and two ships for luxury brand Regent Seven Seas, all to be built at Fincantieri shipyard in Italy and debut during a 10-year run from 2026-2036.

The NCL ships would be the largest ever built for the line at around 200,000 gross tons and capacity of about 5,000 guests. They won’t arrive until after the final delivery of its Prima-Plus class ships expected between 2025-2028, the larger sister ships to the Norwegian Prima and Viva that debuted in the last couple of years. The four ships from the unnamed class of vessel would arrive in 2030, 2032, 2034 and 2036.

The new class for Oceania Cruises, which in 2023 debuted its first new ship in more than a decade — the Oceania Allura — will also be the largest ever built for the line at 86,000 gross tons and a capacity of 1,450 guests. They’re expected in 2027 and 2029. read more

What financial planners wish you knew about Social Security

What financial planners wish you knew about Social Security

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Only about 1 in 8 adults know when they’ll be eligible for full retirement benefits through Social Security, according to the Nationwide Retirement Institute 2023 Social Security Survey. And compared to 2014, fewer people age 50 and up now know whether they may be eligible for Social Security benefits based on an ex-spouse’s record (they may) or if Social Security may offer benefits for their spouse or children (also yes).

For a program that’s been around for nearly 90 years, there’s still a lot of confusion about how it works. Here are some of the Social Security topics financial pros find are often misunderstood.

Working might mean a smaller Social Security check

If you claim Social Security before you hit full retirement age (66 to 67, depending on when you were born) and you’re still earning income, you’ll lose some of your Social Security benefits if your earnings go over a certain threshold. read more