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1. Hilton raises guidance following strong second quarter
Hilton officials have raised the company's full-year outlook for revenue per available room to a range of 3% to 3.5%, a 75-basis-point jump, following a second quarter with a 3.9% RevPAR increase, executives said in Hilton's latest quarterly results.
Other results for the quarter include $482 million in net income, roughly $1.1 billion in adjusted earnings before interest, taxes, depreciation and amortization and adding 24,1000 rooms to their system for net unit growth of 6.1%.
2. Canadian officials say travel to US has dropped 25%
New data from the Canadian government claims travel from Canada to the U.S. fell 25% for full-year 2025 with early data showing it has remained down in the first half of 2026, Axios reports.
The drop is attributed to U.S. President Donald Trump's rhetoric about Canada, including that it should be annexed and made the 51st U.S. state.
In 2025, Canadians' spending on trips to the U.S. fell 3.3 billion Canadian dollars (US$2.3 billion).
3. Wildfires threaten Madrid's cultural, economic boom
The New York Times reports Madrid is broadly enjoying a moment of increased economic success and cultural relevancy, but that is increasingly being threatened by encroaching wildfires, which are now as close as 30 miles from the city.
Spanish officials have said the world needs to take climate change more seriously in response.
“This climate emergency is exceeding every threshold and scale that scientists have long warned all of Spain and Europe about,” Prime Minister Pedro Sánchez said Monday.
4. Fed Chair Warsh testing new approach at central bank
Kevin Warsh became the chairman of the U.S. Federal Reserve looking for more policymaking debate within the institution, and The Wall Street Journal reports he's getting just that.
Part of those efforts is creating "task forces" of non-Fed officials to bring new perspectives, and move away from the scholarly economist thinking the Fed is known for.
"The five Fed task forces — on communications, its inflation framework, and its asset holdings, among others — are meant to reopen questions Warsh believes central bankers and the economics profession had stopped asking," the newspaper reports. "The 15 people chosen to lead them include a Nobel laureate, former central bankers and business executives, and have drawn praise even from skeptics."
5. JetBlue changes fares, preps first-class launch
Discount airline JetBlue has launched new fare options as it adds new first-class pricing, CNBC reports.
"The airline will have an economy section, or 'Main,' a section with extra legroom seats that it calls 'Even More,' which also come with earlier boarding and priority airport screening, and a domestic first class that it’s named BlueFirst, which is slated to debut later this year," the news outlet reports.