Canadian travel to the U.S. continued to fall in July, with sharp declines in both car and air returns, while visits to other countries like Japan and Brazil increased. A potential IPO for Ennismore could reshape investor sentiment toward lifestyle hotels, signaling a shift in value from scale to brand identity and experience. Meanwhile, MSC Cruises reduced emissions last year through tech upgrades but warned that without major decarbonization breakthroughs, emissions will rise again as its fleet expands.

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