China's influence in global finance and geopolitical complexities, Taiwan's plans for peace with China and the potential of China's economy, cryptocurrency scams and travel experiences, Code with Clossy's impact on diversity in engineering, insights into luxury villa booking in Ibiza, and booking tips for holiday travel.
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Quick takeaways
Code with Clossy empowers young women and gender-expansive individuals to pursue tech careers through summer camps and scholarships.
A Bloomberg reporter reveals the inner workings of the luxury villa rental industry in Ibiza, including the high costs and demands of wealthy clients.
Due to decreased demand and other factors, domestic airline ticket prices have dropped, presenting opportunities for travelers amidst the ongoing pandemic.
Deep dives
Code with Clossy: Empowering Young Women and Underrepresented Groups in Tech
Code with Clossy is a non-profit organization founded by Carly Closs in 2015 with the mission to inspire a love for technology and coding in young women, as well as gender-expansive and trans youth. The organization offers summer camps that provide scholarships to thousands of participants aged 13 to 18, teaching them the basics of mobile application development, web development, AI/ML, and data science. Code with Clossy aims to create an inclusive and supportive environment where participants feel welcome and encouraged to pursue careers in tech. Their alumni include successful individuals who have given TED talks, won science challenges, and contributed to the tech industry.
Bloomberg Insider Experiences: Exploring the Luxury Villa Booking Industry in Ibiza
Bloomberg reporter Brandon Presser spent a week working as a concierge at a luxury villa booking agency in Ibiza, a popular party destination known for its extravagant villas. Brandon got a behind-the-scenes look at the industry, where week-long villa rentals can cost over $300,000. He observed the intricacies of booking, managing, and maintaining these high-end properties, learning about the demands and expectations of wealthy clients. Through his immersive experience, Brandon uncovered the inner workings of the luxury villa rental industry in Ibiza.
Amid the uncertainty surrounding travel during the COVID-19 pandemic, airline ticket prices have been falling. This is due to various factors, including a decrease in demand, travel restrictions, and the ongoing impact of the pandemic on the aviation industry. While there are still potential risks and challenges ahead, such as the spread of new variants and changing travel regulations, for now, travelers can take advantage of lower ticket prices as they navigate the complexities of flying during these unprecedented times.
Domestic Airfare Prices Decrease Due to Increased Capacity
The domestic airfare market is seeing a decrease in prices due to increased capacity from airlines. With more seats available to book and better jet fuel prices, fares are about 10% lower than last year and even below 2019 levels. This decrease in prices is also supported by a seasonal effect, with fares expected to continue dropping before rising again in late September or early October for the holiday season.
International Airfare Prices Remain High
International airfare prices, especially on long-haul routes, continue to remain expensive. Fares to Asia can be well over $1,400, up almost 60% compared to last year. While fares to Europe were also high this summer, there has been some improvement in recent weeks, with airlines reaching about 97% of their 2019 capacity. However, prices are still relatively high compared to pre-pandemic levels.
Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek."
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