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🍋 Bleisure Travelers

🍋 Bleisure Travelers

A breed of travelers the - bleisure passengers - are saving the airline industry one upgraded seat at a time.

December 16, 2022

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"A good rule of thumb for a lot of things in life is that everything that can break will eventually break." — Morgan Housel

Good Morning! It's been a rough year for Tesla, and yesterday the company's stock took another nosedive after Elon Musk offloaded $3.6 billion worth of shares. Investment bankers aren't exactly popping champagne bottles over their bonuses this year, with reports that Goldman Sachs is considering a massive 40% cut in bonuses.

ECB raised rates in response to ongoing inflation in Europe, sending stocks tumbling - yesterday was the worst day for the markets in three months. But there's some good news on the inflation front in the U.S. - rents actually dropped at the fastest rate in 7 years last month, indicating that inflation might be easing up.

Want to win an unforgettable dinner for 2 at a Michelin-Starred restaurant? Enter giveaway here. (only buyside professionals are eligible to win)

1. Story of the Day: Bleisure Travelers

The pandemic didn’t just change how we work - it also changed where and how we travel for work. With corporate travel nowhere near pre-pandemic levels, you’d expect airlines to still be struggling with empty flights and sad peanuts. But luckily a breed of travelers the - bleisure passengers - are saving the airline industry one upgraded seat at a time.

These savvy travelers are combining work and pleasure on their trips, often tacking on a long weekend of remote work to their travels. While these travelers don’t necessarily have meetings to attend or clients to golf with, they’re sure spending like it. This has been a lifesaver for airlines, who are seeing increased bookings on Tuesdays and Wednesdays - days that used to be lower demand for flying.

And, just like their corporate counterparts, bleisure travelers are splurging on upgrades like extra legroom and pre-flight perks. Since economy fares are low-margin, upgrades are the real rainmaker for airlines. American Airlines says that half of its revenue now comes from these pleasure-seeking bleisure travelers.

Takeaway: Many doubted the airline industry would make a profitability comeback so fast. Pre-pandemic, while corporate travelers made up just 12% of airlines’ passengers, they generated half the industry’s profits. Now, airlines see the almost exact same trend play out with ‘bleisure travelers’. So if you’re debating whether to work remotely from Ibiza, just remember - you’re helping save the airline industry in the process.

2. Markets Rundown

If you want access to Wall Street insider interviews, industry deep-dives, premium research/resources and weekly Knowledge Drop newsletter, check out our Insiders membership.

The markets experienced their worst day in 3 months as European central banks hike interest rates.

Movers & Shakers

(+) Celldex ($CLDX) +10% after the biotech startup reported good news on its antibody treatments.
(–) Netflix ($NFLX) -9% after the company missed viewership targets.
(–) Spotify ($SPOT) -9% after the streaming platform cut back on audio show programming.

Private Dealmaking

Boston Scientific will buy Acotec Scientific, a developer of cardiovascular treatment devices, for $523 million
TPG will buy Poonwalla Fincorp, an Indian housing finance unit, for $473 million
Group14 Technologies, a battery technology developer, raised $214 million
Mews, a Czech hotel management platform, raised $185 million
Shield AI, startup that develops AI pilots for aircrafts, raised $60 million
V7 Labs, an AI deep learning platform, raised $33 million

A Message from Daloopa: Win an Unforgettable Dinner for Two

Our friends over at Daloopa are giving away unforgettable dinner experience for 2 at a Michelin starred restaurant.

You must be a buyside professional to be eligible to win.

To enter the giveaway, all you have to do is fill out this form.

Winners will be decided and contacted next week.

4. Book of the Day: The Science of Self-Discipline

Your best intentions are not enough. Learn how to scientifically engineer a disciplined existence, become relentless, and never give up.

Whatever you want in your life, self-discipline is the missing piece. Goals will remain dreams if you make the mistake of relying on motivation and your best drawn plans.

The Science of Self-Discipline is a deep look into what allows us to resist our worst impulses and simply execute, achieve, produce, and focus. Every principle is scientifically-driven and dissected to as be actionable and helpful as possible.

You’ll learn how top performers consistently exercise self-discipline, as well as what drives us on an instinctual, psychological level to act.

This isn’t just a book; it’s a roadmap to the human psyche and will allow you to accomplish exactly what you set out to do, every time.

When you understand what drives your cravings and the true roots of self-discipline, you’ll be able to rise above your temporary discomfort and focus on what really matters.

“For whatever goal you want to achieve, there is discomfort along that path. Self-discipline drives you through this discomfort and allows you to achieve and attain. It’s an essential component of mastery, and nothing great was ever accomplished without it.”

5. Short Squeez Picks

9 ways to rewire your brain based on science
The guy who inspired the ‘quiet quitting’ routine is back to working 50+ hours a week
The psychology of unfinished tasks
7 simple questions to ask yourself at the end of the year
Networking is a misunderstood skill - here’s how to hone it

A Message from Voyax Capital

Have you seen or stayed in luxury homes on AirBnB or VRBO and thought about what a great asset class they would be if not for the headaches of ownership?

With Voyax Vacation Rentals Fund, you can invest in short-term rentals without the hassle of owning or maintaining properties in top vacation destinations.

Voyax combines the latest technology with expert management to provide you with high-cash-flow passive income, capital appreciation, inflation protection, and tax benefits.

Voyax partners with luxury experts Boutiq to buy and design the perfect properties for affluent vacationers seeking unique experiences. Plus, with their proven home search and buying technology, A.I. rental forecasts, and 5-star guest hospitality, you can rest easy knowing your investments are in good hands.

So why DIY when you can let Voyax and Boutiq handle it all?

Invest in luxury vacation real estate today.

6. Daily Visual: SpaceX Stock Keeps Mooning

Stock is private and traded at irregular intervals

Source: Axios

7. Daily Acumen: Sleep

“Going outdoors more during the day might lead to slipping into sleep more easily during the night, according to a new study that found a relationship between the seasons and shifts in sleeping patterns.

While the study found the number of hours of slumber banked across summer, fall, winter, and spring were similar, in the winter months, research participants went to sleep later in the evening and woke up later in the morning.

The team behind the new study thinks that less light exposure during the day can be responsible for shifts in our body clock that then mean we're less ready for sleep when night comes around.

What this study shows is that we need to get out – even for a little while and especially in the morning – to get that natural light exposure. In the evening, minimize screen time and artificial lighting to help us fall asleep."

Source: Science Alert

9. Memes of the Day

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