I Said Yes to Every Upgrade in Las Vegas. Here’s What It Cost.
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,652,125 (+0.36%)       Melbourne $1,015,932 (-0.01%)       Brisbane $1,056,185 (+0.90%)       Adelaide $949,564 (-0.31%)       Perth $930,113 (-0.43%)       Hobart $758,047 (-0.12%)       Darwin $770,874 (+0.08%)       Canberra $974,828 (+1.29%)       National $1,080,843 (+0.32%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $773,554 (-0.54%)       Melbourne $476,399 (-0.13%)       Brisbane $647,991 (+0.62%)       Adelaide $518,665 (+5.34%)       Perth $529,479 (+0.45%)       Hobart $532,297 (+1.33%)       Darwin $383,399 (-0.28%)       Canberra $503,041 (-0.52%)       National $567,716 (+0.54%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 12,442 (+293)       Melbourne 15,352 (+169)       Brisbane 8,617 (-52)       Adelaide 2,903 (+8)       Perth 7,845 (+199)       Hobart 1,292 (+64)       Darwin 178 (-2)       Canberra 1,222 (-28)       National 49,851 (+651)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,437 (+198)       Melbourne 6,911 (+35)       Brisbane 1,658 (-47)       Adelaide 431 (+6)       Perth 1,719 (+11)       Hobart 228 (+4)       Darwin 285 (+1)       Canberra 1,195 (+24)       National 21,864 (+232)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $795 (-$5)       Melbourne $590 ($0)       Brisbane $650 ($0)       Adelaide $630 ($0)       Perth $700 ($0)       Hobart $575 (+$8)       Darwin $790 (-$10)       Canberra $700 ($0)       National $688 (-$2)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $730 ($0)       Melbourne $600 ($0)       Brisbane $620 (-$5)       Adelaide $520 ($0)       Perth $650 ($0)       Hobart $490 ($0)       Darwin $560 (+$10)       Canberra $570 ($0)       National $601 (+$)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,996 (-7)       Melbourne 7,677 (+16)       Brisbane 3,782 (-11)       Adelaide 1,351 (+11)       Perth 2,134 (+95)       Hobart 234 (0)       Darwin 106 (-5)       Canberra 573 (+7)       National 21,853 (+106)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 7,911 (-78)       Melbourne 5,695 (-60)       Brisbane 1,735 (-76)       Adelaide 345 (+11)       Perth 693 (+44)       Hobart 95 (-6)       Darwin 121 (-15)       Canberra 520 (-15)       National 17,115 (-195)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.50% (↓)     Melbourne 3.02% (↑)        Brisbane 3.20% (↓)     Adelaide 3.45% (↑)      Perth 3.91% (↑)      Hobart 3.94% (↑)        Darwin 5.33% (↓)       Canberra 3.73% (↓)       National 3.31% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 4.91% (↑)      Melbourne 6.55% (↑)        Brisbane 4.98% (↓)       Adelaide 5.21% (↓)       Perth 6.38% (↓)       Hobart 4.79% (↓)     Darwin 7.60% (↑)      Canberra 5.89% (↑)        National 5.50% (↓)            HOUSE RENTAL VACANCY RATES AND TREND       Sydney 2.0% (↑)      Melbourne 1.9% (↑)      Brisbane 1.4% (↑)      Adelaide 1.3% (↑)      Perth 1.2% (↑)      Hobart 1.0% (↑)      Darwin 1.6% (↑)      Canberra 2.7% (↑)      National 1.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 2.4% (↑)      Melbourne 3.8% (↑)      Brisbane 2.0% (↑)      Adelaide 1.1% (↑)      Perth 0.9% (↑)      Hobart 1.4% (↑)      Darwin 2.8% (↑)      Canberra 2.9% (↑)      National 2.2% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 26.6 (↑)        Melbourne 27.2 (↓)       Brisbane 27.1 (↓)       Adelaide 23.6 (↓)       Perth 32.7 (↓)       Hobart 25.3 (↓)     Darwin 27.6 (↑)      Canberra 26.9 (↑)        National 27.1 (↓)            AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 24.0 (↑)        Melbourne 26.2 (↓)     Brisbane 26.5 (↑)        Adelaide 22.0 (↓)       Perth 34.7 (↓)     Hobart 23.8 (↑)      Darwin 33.6 (↑)        Canberra 29.4 (↓)     National 27.5 (↑)            
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I Said Yes to Every Upgrade in Las Vegas. Here’s What It Cost.

By DAWN GILBERTSON
Thu, Feb 8, 2024 8:45amGrey Clock 4 min

LAS VEGAS—Few places vacuum money from you like this glittering gambling and entertainment playground.  That’s true for the visitors in town for Sunday’s Super Bowl —official motto: Excessive Celebration Encouraged. And it’s true for visitors any time, with the $US200 seats at the pool and the $US800 bottle service at nightclubs. All before you step onto the casino floor.  You can fly here for as little as $US50 if you play your cards right. But people come to Vegas to spend, and the businesses here know it. This place hits travellers with potential upgrades every few steps. So I flew in for an experiment, a real-life version of the Jim Carrey comedy “Yes Man” (or “Yes Day” if you’re a Jennifer Garner fan). I said yes to every upgrade and VIP package to see just how much you get for your money, and what can be skipped. I had parameters. The $US3,999 helicopter ride to the top of Valley of Fire State Park for yoga was out. As was the $US4,000-a-night upgrade offer to a three-bedroom presidential suite at my hotel.  Still, I cut lines, got a massage in the reserved seats at the Aria sportsbook during an NFL wild-card game, relaxed in a private lounge before a show at the Sphere , and drank a French 75 from a prime window seat at the Eiffel Tower Restaurant. In all, I spent $US976 to upgrade my Vegas visit.  Was every upcharge worth it? Absolutely not. But a few are worth your money.

Yes, yes and yes

The offers began minutes after I booked a room for two nights at the luxury all-suite Palazzo resort. The price: $US480 before taxes and fees for two nights, a relative bargain on a holiday weekend in January. How much for a room booked last-minute for Super Bowl weekend? $US1,700 a night. I landed two upgrades after an email prompt gauged my interest: $US75 for early check-in and $US57 a night for a city view, the cheapest room category upgrade. Early check-in fees irk me , but this was worth it after my early flight. I was in the room by 11 a.m.  The room was swank. The view of Treasure Island and the Mirage was nothing special.

A city view room at the Palazzo resort, where travel columnist Dawn Gilbertson paid an extra $57 a night plus taxes to upgrade the view. PHOTO: DAWN GILBERTSON/THE WALL STREET JOURNAL

I headed to Area15, an arts and entertainment complex. First stop: Meow Wolf ’s Omega Mart, a popular immersive art experience that takes visitors into a bizarro grocery store that links to an alternate dimension. Admission is $US54; upgrading to a $US99 VIP package promised to “enhance my experience”   but bought me a souvenir pin, VIP lanyard, a cocktail and a 15% discount I didn’t use at the gift shop. Maybe the good stuff comes with the $US129 scavenger hunt package. (As I perused products like cans of faux La Croix in mashed-potato flavour and wandered a dizzying hall of mirrors, I wondered how many visitors upgraded with a trip to a local dispensary beforehand.) Admission to stroll around the rest of Area15 is free, but I upgraded to a $US35 pass, which included five attractions, the best of which was the outdoor Liftoff ride with great views of the Strip.

Cutting lines for crab legs

Many resorts here gave up the buffet business for good during the pandemic . The Wicked Spoon buffet at the Cosmopolitan of Las Vegas still packs them in. Saturday brunch had an hourlong wait during my visit. VIP line to the rescue! $US35 gets you a head start on the $US62 all-you-can-eat feast of snow crab legs, sushi and slow-roasted strip loin. The best part: The manager overseeing the line comped the fee because she said she enjoyed talking to me and a friend while we waited. (I never identify myself to employees as a Wall Street Journal reporter on these types of assignments.) Suddenly playing with house money, I sprang for the unlimited mimosa package for $US33 after tax and tip, to go with the brunch base price. There is a 90-minute limit, but I had places to be.

One movie, $US245

My colleague Jason Gay calls the Sphere, the giant orb that sits behind the Venetian, a “beach ball peaking on acid.” He paid $US539 to see U2 at the new venue.  In the biggest single splurge on my trip, I paid $US245 to see a 50-minute movie there. The Director’s Seat package promised VIP entry, pre show lounge access with free beer, wine and snacks and a souvenir Sphere T-shirt. The VIP entry was the best perk, letting me skip the clogged Regular Joe lines. I was one of the first people in the atrium, where a humanoid robot named Aura chatted with me and a couple from Arkansas who also took the VIP plunge. The robot asked them the secret to their 55-year marriage. We met again in the nearly empty lounge before the Darren Aronofsky show “Postcard From Earth.”

Delta Sky Club this ain’t: The small food spread included soft pretzels with cheese and mustard. The bartender did dig out a great local IPA, Atomic Duck, and pointed me to the popcorn that VIP guests could take into the movie. The package promises premium seating for the show, a trip around the globe in which seats rattled when elephants or a jumbo jet rumbled across the giant screen. My seat was good, albeit one row up and an aisle over from my friends who paid $US79 for their standard tickets.  The final Yes Day in Vegas is a spendy blur: $US190 to watch the Lions and Rams duke it out in an NFL playoff nail-biter from a high-top table with food and alcohol included in a roped-off section at Aria Resort & Casino. The rest of the sportsbook was standing room only. Then there was the $US40-a-person fee for the window seat at the Eiffel Tower Restaurant overlooking the dancing Bellagio fountains. The couple celebrating their anniversary one table back couldn’t believe I paid the fee.  I left Vegas a little spoiled and out of sorts. When Southwest Airlines offered a $US50 upgrade to jump to the front of its boarding line on my flight home, I clicked buy. Can’t wait to explain that one to the folks in Expense Accounting.



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Temu Owner PDD Posts Slowest Revenue Growth Since Early 2022

Fourth-quarter revenue climbed 24% to 110.61 billion yuan, equivalent to $15.30 billion, but missed estimates.

By JIAHUI HUANG
Fri, Mar 21, 2025 2 min

The Chinese owner of bargain app Temu reported slower quarterly profit and revenue growth, capping a turbulent year for the e-commerce giant as it faced stiff competition at home, geopolitical tensions abroad and U.S. tariff uncertainties.

PDD Holdings on Thursday said fourth-quarter revenue climbed 24% to 110.61 billion yuan, equivalent to $15.30 billion, missing a Visible Alpha estimate of 117.83 billion yuan. It was the slowest pace of growth since the first quarter of 2022.

Net profit rose 18% from a year earlier to 27.45 billion yuan, topping analysts’ expectations of 27.00 billion yuan. However, the growth was slower than the 61% rise in the third quarter and the more than twofold increase a year earlier.

“Looking ahead, we will continue to prioritize investments in the platform ecosystem as the cornerstone of our long-term value creation strategy,” said Jun Liu, PDD’s vice president of finance.

Jefferies analysts in a note said PDD’s top-line miss was due to slower-than-expected revenue growth from transaction services, while revenue from online marketing services and others was in line with consensus.

The easing momentum contrasted sharply with the stunning growth rates the company delivered in past years. PDD last year repeatedly warned of a slowdown, pointing to intensifying competition and external challenges.

Pinduoduo, the company’s discount platform in China, has grown rapidly since it launched nearly a decade ago, taking market share from e-commerce stalwarts Alibaba and JD.com . Its sister platform Temu burst onto the international scene in 2022 and swiftly gained attention in the U.S., attracting customers with low prices.

However, Temu has also encountered regulatory scrutiny as it expands overseas. U.S. President Trump in February delayed his plan to end a provision for China imports that lets platforms avoid paying import duties and customs inspections on low-value packages, offering the likes of Temu a brief reprieve.

For the full year, PDD’s total revenue rose 59% to 393.84 billion yuan and net profit climbed 87% to 60.03 billion yuan.

Last month, rival Alibaba posted its fastest pace of revenue growth since late 2023, with revenue for the latest quarter rising 7.6% to 280 billion yuan. Online retailer JD.com earlier this month nearly tripled its quarterly net profit as revenue climbed 13% to 346.99 billion yuan.

U.S.-listed PDD was recently 6.5% lower in premarket trading after the results.

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