Hotels

Kim Jong Un orders remodeling of major hotels in Pyongyang

North Korean leader Kim Jong Un recently ordered sections of several hotels in Pyongyang to be remodeled by the end of 2021, Daily NK has learned. 

Specifically, Kim ordered that hotels for foreign visitors be rebuilt in a modern way to conform with world standards. The order seems to suggest that the country is preparing to opening its borders in the “post-coronavirus era” as part of efforts to earn foreign currency. 

A military source told the Daily NK on Sunday that Kim handed down the order to the command of the Seventh General Department, a military engineering unit, on Oct. 5.

Specifically, North Korean authorities ordered the unit to rebuild the basement restaurant and revolving observatory restaurant of the Koryo Hotel Pyongyang; the hall and 80 guest rooms of the Pothonggang Hotel; the revolving observatory restaurant, basement bowling alley and arcade of the Yanggakdo International Hotel; 30 bedrooms of the Sosan Hotel; and shops in the Pyongyang Hotel.

The order called for all the reconstruction projects to be completed by the “end of 2021.” This seems to suggest that the country’s leadership believes the COVID-19 pandemic will end next year. 

The source explained that the Workers’ Party has an “unchanging” policy to keep promoting the tourism industry and attracting tourists to the country as a way to secure funds for the party along with foreign currency. 

pyongyang
The Ryugyong Hotel in Pyongyang. / Image: BRJ Inc., Creative Commons, Flickr

In short, the authorities wish to highlight North Korea’s image as a “normal country” by bringing several hotels in Pyongyang up to world standards. Meanwhile, they aim to create an opportunity for the country to “break through” its economic troubles by using its image as a  “COVID-19-free” nation to attract tourists. 

Kim’s latest order hints that the authorities may also be trying

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Meritage Homes, Park Hotels & Resorts, NIO, DouYu International and Plug Power highlighted as Zacks Bull and Bear of the Day

For Immediate Release

Chicago, IL – October 1, 2020 – Zacks Equity Research Shares of Meritage Homes Corporation MTH as the Bull of the Day, Park Hotels & Resorts Inc. PK asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on NIO Limited NIO, DouYu International Holdings Limited DOYU and Plug Power Inc. PLUG.

Here is a synopsis of all five stocks:

Bull of the Day:

Meritage Homes Corp.is perfectly situated to take advantage of the Millennial home buying rush. This Zacks Rank #1 (Strong Buy) is expected to grow its revenue by the double digits in both 2020 and 2021.

Meritage is the 7th largest public homebuilder in the United States. It has 300 communities across 9 states including Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.

It focuses on first-time and first move-up buyers.

Unprecedented Demand in July and August

On Sep 21, Meritage put out a business update on its first two months of the third quarter which included July and August.

It saw “unprecedented demand” in those two months and already sold more in just 2 months than it sold in the entire third quarter of last year.

Meritage also saw the strong demand continue into September.

In July and August, total orders jumped 73% year-over-year to 2,675 homes, up from 1,549 homes in the same period a year ago.

Average absorptions for those 2 months nearly doubled over the prior year to about 6 homes per month per community, net of 13% order cancellations in 2020 and 17% in 2019.

The company expects to close out some of its communities in late 2020 and early 2021 due to the strong demand so it’s on the hunt for new land positions so it can continue to grow its

Five Bathroom Design Ideas to Steal From Luxury Hotels

Modern Showers

The shower is often a highlight in a hotel bathroom and therefore yours should be nothing less. Think massage jets, interior mood lighting and of course a walk in shower enclosure. Many bathrooms are equipped with electric showers and a wall mounted shower head could be the perfect upgrade. Upgrading your shower is one of the easiest ways to update a tired bathroom not to mention an easy way to inject some luxury. Today, thanks to the latest technology, your shower can double up as a steam room and we can’t think of a better way to add a touch of luxury to a relaxing space.

Plush Towels

When it comes to upgrading your bathroom to reflect the luxury found in a hotel suite, accessories are the key. Every bathroom can benefit from some plush towels and bath linens as we all know that cloud-like towels are a must for many fancy hotels. Add a plush stack of towels and add a bathrobe too for maximum luxury and comfort.

Mood Lighting

When it comes to creating a bathroom that is brimming with luxury, lighting plays a crucial role. Harsh lighting can make a bathroom feel clinical and cold so when choosing lighting for your bathroom, try to think outside of the box. Rather than just one light source, mix it up by adding an illuminated mirror and don’t forget to consider shower lighting too. Many of the latest electric showers come with their very own set of mood lighting to create a pleasant ambiance at speed. Add a couple of candles to soften the mood.

Heated Radiators

Another timeless addition to your bathroom that you might find in luxury hotels is a heated towel radiator. The benefit of a product like this is twofold. Not only do they …

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