Tag: economy

New York, June 18, 2025 (GLOBE NEWSWIRE) -- According to the latest report from the World Travel & Tourism Council (WTTC), China is accelerating toward the ranks of global tourism industry "leaders" through its open approach and innovative practices. In 2025, China's domestic tourism market is projected to exceed RMB 13.7 trillion yuan, injecting robust momentum into the global economy while creating over 83 million jobs. Behind this achievement lies the multi-faceted driving force of China's policy dividends, industrial integration, and consumption upgrading, showcasing China's advantages in openness and inclusiveness, traditional culture, technological advancement, and secure environment. These strengths are attracting international visitors in droves, establishing China as the global tourism industry's "new engine."

INDIANAPOLIS, June 17, 2025 (GLOBE NEWSWIRE) -- Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that, on June 17, 2025, its operating partnership, Kite Realty Group, L.P. (the “Operating Partnership”), priced an offering of $300 million aggregate principal amount of 5.200% Senior Notes due 2032 (the “Notes”) in an underwritten public offering. The Notes will be issued at 99.513% of par value with a yield to maturity of 5.281%. Interest on the Notes is payable semi-annually on February 15 and August 15 of each year, beginning on February 15, 2026. The offering is expected to close on June 27, 2025, subject to the satisfaction of customary closing conditions.

Fiscal 2025 Fourth Quarter Highlights: