Peninsula Parent Sees Luxury Hotel Oversupply

March 18 (Bloomberg) -- The parent company of Peninsula Hotel group says it is managing costs wisely to counter intense competition from what it calls an oversupply of luxury hotels globally. Hong Kong & Shanghai Hotels Monday reported a 6% gain in 2013 sales amid a turbulent environment. Even so, Peninsula launches its first European property later this year in Paris and has just revealed its plans to open in Yangon, Myanmar. CEO Clement Kwok told Zeb Eckert he's focused on strengthening the balance sheet. (Source: Bloomberg)
Does Apple TV Need a Revamp?
31:36 - Homebrew VC Partner Hunter Walk, Technalysis Founder Bob O’Donnell and IDC Chief Research Officer Crawford Del Prete discuss Apple to unveil a new TV box this fall and the future of Apple’s streaming service. They speak with Bloomberg’s Emily Chang on “Bloomberg West.” (Source: Bloomberg)
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