Jump to winners | View PDF Recognising the mortgage professionals andcompanies across Asia-Pacific, North America,and the UK who have excelled and raised the bar All throughout 2023, Key Media’s 30-strong Intelligence Unit researched and produced a series of Special Reports, each showcasing the top-performing mortgage professionals and companies across a number of important professional categories. All of … [Read more…]
Increase in urbanization and rise in consumer interests for home decor drive the growth of the home decor market.
WILMINGTON, Del., Dec. 5, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Home Decor Market By Product Type (Home Textile, Floor Covering, and Furniture), Price (Premium and Mass), Distribution Channel (Supermarkets And Hypermarkets, Specialty Stores, E-Commerce, and Others), and Income Group (Lower-Middle Income, Upper-Middle Income, and Higher Income): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global home decor market size was valued at $647.4 million in 2022, and is projected to reach $1.1 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032.
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Prime determinants of growth
The home decor market is a dynamic and ever-evolving industry, shaped by a blend of prevailing trends, growth factors, and industry obstacles. Notably, the industry is witnessing surge in sustainability practices and environmentally conscious product choices as a prominent trend. Consumers are increasingly seeking eco-friendly solutions, further increasing the shift towards responsible consumption. Furthermore, technological innovations, particularly the integration of smart home solutions, are driving transformative changes in the sector. The digital sector has emerged as a crucial platform for businesses as consumers increasingly opt for online shopping. The COVID-19 pandemic accelerated this transition, emphasizing the need for a strong online presence in the home decor sector.
Nevertheless, tariffs and trade restrictions limit the supply chain, affecting the cost and availability of raw materials, and subsequently, influencing pricing and profit margins. Economic fluctuations and shifting consumer tastes are projected to introduce volatility into the market. Despite these limitations, the home decor market offers different business opportunities. Collaborations with local artisans and the innovative use of eco-friendly materials can open up niche markets.
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2023
$647.4 Million
Market Size in 2032
$1.1 billion
CAGR
4.9 %
No. of Pages in Report
444
Segments Covered
Product Type, Price, Distribution Channel, Income Group, and Region
Drivers
Increase in consumer interest toward home décor
Increase in urbanization worldwide
Opportunities
Improvement in lifestyle
Smart home decor
Restraints
Increase in cost of raw materials
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The floor covering segment to maintain its leadership status during the forecast period
By product type, the floor covering segment held the highest market share in 2022, accounting for less than half of the global home decor market revenue, and is estimated to maintain its leadership status during the forecast period. Floor covering products are made from materials such as tiles, wood & laminate, vinyl, and rubber. Awareness regarding wastage and recycling has increased significantly. Thus, recycled flooring materials such as wood & laminate and tiles had an impact on the market for flooring products. Consumers have shown high acceptance for stylish floor covering products, which are cost-effective and eco-friendly. However, the home textile segment is projected to attain the highest CAGR of 4.9% from 2023 to 2032.
The mass segment to maintain its leadership status during the forecast period
By price, the mass segment held the highest market share in 2022, accounting for more than three-fifths of the global home decor market revenue, and is estimated to maintain its leadership status during the forecast period Increase in consumption of mass pricing products by lower-middle and upper-middle class consumers significantly contributes toward the growth of the market. The cost of these products does not include the security or insurance charge. In addition, the premium segment is projected to attain the highest CAGR of 5.3% from 2023 to 2032. Luxury brands are intended to have symbolic and experiential benefits in terms of prestige and social status. The ingredients used in luxury confections are of premium quality and naturally sourced.
The specialty stores segment to maintain its leadership status during the forecast period.
By distribution channel, the specialty stores segment held the highest market share in 2022, accounting for less than half of the global home decor market revenue, and is estimated to maintain its leadership status during the forecast period. Consumers prefer to analyze and evaluate products before purchase, thereby boosting the retail sales of home décor products through specialty store. In addition, the e-commerce segment is projected to attain the highest CAGR of 5.3% from 2023 to 2032.
Asia-Pacific to maintain its dominance by 2032
Region-wise, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the global home decor market revenue. Changes in lifestyles of the people in the region have influenced buying trends of consumers. Young families mostly spend on floor covering and furniture. Consumers in the region prefer buying home décor products from specialty stores and departmental stores. Online buying trend is emerging in the region, which significantly contributes toward the growth of the market. In addition, the LAMEA region is also expected to witness the fastest CAGR of 5.6% from 2023 to 2032 and is likely to dominate the market during the forecast period.
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Leading Market Players: –
Mannington Mills Inc.
Mohawk Industries Inc.
Shaw Industries Group, Inc.
Ashley Furniture Industries Ltd.
Inter IKEA Systems BV
Forbo International SA
Herman Miller Inc.
Duresta Upholstery Ltd.
Kimball International
Armstrong World Industries, Inc.
The report provides a detailed analysis of these key players in the global home decor market. These players have adopted different strategies such as new Distribution Channel launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, Distribution Channel portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
• DIY Home Decor Market Opportunity Analysis and Industry Forecast, 2021-2031 • Sustainable Home Decor Market Opportunity Analysis and Industry Forecast, 2021-2031 • Home Decor And Accessories Market Opportunity Analysis and Industry Forecast, 2023-2032 • Textile Home Decor Market Opportunity Analysis and Industry Forecast, 2023-2032 • U.S. Home Decor Market Opportunity Analysis and Industry Forecast, 2020-2027
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. USA/Canada (Toll Free): +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-800-792-5285 [email protected]: www.alliedmarketresearch.comAllied Market Research Blog: https://blog.alliedmarketresearch.com/consumer-goods
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It’s not likely you can travel with an expired passport, as a passport is generally required for international air travel. It also doubles as a valid form of ID for domestic U.S. travel.
If you realize your passport has expired and you have immediate travel plans, you’ll need to check the rules for the country you’re visiting and quickly submit an application for a new passport.
Learn why and when you need a passport to travel, how to renew your passport and what the rules are for traveling with an expired passport.
Why do you need a passport to travel?
A passport is a standardized form of government identification for those traveling internationally, though it can often be used for identification purposes domestically, too.
Passports ensure that travelers are who they say they are when entering or leaving a country or in other situations when identification is necessary. In most circumstances, everyone entering or leaving a country by land, sea or air needs to have their own passport, even if they’re a child, toddler or baby.
Generally, U.S. passports must be valid for six months beyond the traveler’s departure date to enter another country. However, some countries allow entry to travelers with only three months’ validity on their passport, and others have different regulations altogether. It’s important to verify the country’s rules where you’re planning to travel to ensure you can enter.
How do you renew a passport?
If your passport has expired and was issued more than 15 years ago, you must apply for a new one. Child passports for those under 16 expire after five years and cannot be renewed.
To renew your passport, follow these steps:
Complete a passport renewal application (Form DS-82).
Get passport photos taken.
Mail in your completed application and photos along with your current or expired passport and the required fees.
Currently, it takes up to 10 weeks to get a new passport or renew an existing one. However, there are ways to reduce the time it takes to get a new passport if you need it faster.
Expedited processing. By choosing expedited processing for an additional $60, your passport can be issued in three to five weeks.
Expedited delivery. Applicants can pay $19.53 for expedited delivery from the U.S. Postal Service. This upgrade delivers your new passport to you one to two days after it is mailed.
Urgent travel. This service is available by appointment at a passport agency and is for those with urgent travel plans within the next 14 days (or five days if you’ve already applied by mail). There is no fee for the appointment but spots are limited.
Emergency. In life-or-death situations that require travel within 72 hours, you may be able to obtain a passport the same day or the next day.
Passport expeditors or courier companies are another option to get your passport more quickly. These private, third-party companies are allowed to submit expedited passport applications on behalf of their customers. These agencies typically charge additional fees on top of the standard application and expedited service fees.
Can you fly with an expired passport?
Typically, travelers are required to have valid identification when flying. However, the rules can vary depending on whether you’re flying domestically or internationally.
Can you travel domestically with an expired passport?
A passport isn’t required for U.S. citizens traveling within the United States. If you’re flying within the U.S. and your passport has expired, it’s best to use another form of government identification. Forms of ID that are accepted by the Transportation Security Administration (TSA) and the airlines include state-issued driver’s licenses, state-issued ID cards and military ID.
If you’re traveling with an expired passport and don’t have one of the forms of ID listed above, you may still be able to fly if your passport hasn’t expired more than 12 months ago. However, you may be asked to show secondary forms of identification to prove your identity.
Can you fly with an expired passport to another country?
Traveling internationally requires a valid passport to depart the U.S. and/or return from a foreign country.
There are a few exceptions for passengers traveling within the Western Hemisphere. These include a NEXUS card when returning from Canada, a Merchant Mariner Document when traveling on official business or a Military Identification Card when traveling on official orders.
Traveling with expired passport rules during COVID
During the pandemic, the U.S. government issued a temporary order allowing those with an expired passport to fly home to the U.S. This rule granted travelers with passports expiring on or after Jan. 1, 2020, to return directly to the U.S. until June 30, 2022. This exception has since expired and is no longer valid.
What if your passport expired and you need to travel tomorrow?
If you’re traveling within three business days because of a life-or-death emergency of one of your immediate family members, you may be able to get a new passport the same day. Here’s how to get a passport quickly for next-day travel:
Get documentation of the emergency. This could be a death certificate, letter from a mortuary or a letter from a hospital explaining your family member’s condition. It must be translated by a professional if it’s not in English.
Obtain proof of your upcoming travel, such as an airline ticket or itinerary.
Complete a passport application and get passport photos taken.
Call the National Passport Information Center at (877) 487-2778 during business hours or (202) 647-4000 during non-business hours.
Explain your situation and why you need to travel right away.
If you qualify, the center will assist you in making an appointment at an eligible passport agency. Note that an appointment is not guaranteed.
Bring proof of the emergency and travel plans, your passport application and payment for all necessary fees to your appointment.
Flying with an expired passport recapped
Travelers must have a valid passport when traveling internationally. However, if your passport has expired, you have a few options to get a new passport faster than the standard seven to 10 weeks it currently takes. The fees and process required will depend on how quickly you need your new passport.
In life-or-death situations, you may be able to get a new passport the same day if your international travel is within three business days.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:
When the Canada-based BMO bank acquired Bank of the West, headquartered in the U.S., in 2021, American consumers gained access to BMO’s credit card portfolio, which includes personal and business cards.
As of this writing, BMO offers two cash-back cards, a travel card, a 0% APR/balance transfer card and a secured card. However, a BMO representative confirmed that the card offerings and current card benefits may change in early 2024.
Here’s what you need to know about these cards before deciding whether to apply for one.
🤓Nerdy Tip
While BMO offers business credit cards, this article covers only its personal credit card offerings.
For a break on interest: BMO Platinum Credit Card
If you need an extra-long reprieve from interest, your best option among the BMO cards is the Platinum Credit Card. For a $0 annual fee, cardholders get 0% APR on purchases and balance transfers for 15 months (as of this writing). There are two important caveats to these offers, though: You may lose the 0% APR benefit if you make a late payment, and the balance transfer must be completed within 90 days of account opening in order to get the 0% APR offer.
The balance transfer fee for all of BMO’s personal credit cards is $10 or 4% of the amount of the balance transfer, whichever amount is greater. BMO only allows balance transfers of credit card debt. And as is standard with most issuers, it doesn’t permit transfers between BMO accounts.
As balance transfer offers go, this is a decent one, but it’s possible to find credit cards with longer interest-free promotions. The Wells Fargo Reflect® Card, for instance, offers 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers, and then the ongoing APR of 18.24%, 24.74%, or 29.99% Variable APR .
🤓Nerdy Tip
All of BMO’s publicly available personal credit cards offer cell phone protection plans. Cardholders are eligible for up to $400 in coverage except for Premium Rewards cardholders, who get up to $600 worth of coverage. To qualify for cell phone insurance, you must pay your cell phone bill with a qualifying BMO credit card. A $50 deductible is required for each claim.
For building credit: BMO Boost Secured Credit Card
BMO’s lone secured card requires a $25 annual fee and a minimum $300 security deposit. Those numbers are on the higher end compared with other secured cards. The Discover it® Secured Credit Card, for example, has a $0 annual fee and a $200 minimum security deposit — and it earns rewards, which the Boost Secured card does not.
However, the Boost Secured does offer two benefits rarely found in other cards for people with bad or limited credit: cell phone insurance and rental car insurance.
For travelers: BMO Premium Rewards Credit Card
The only travel card in BMO’s credit card portfolio, the Premium Rewards card, offers some solid perks for a $79 annual fee, which is waived the first year. Some highlights:
15% bonus points on your account anniversary (15% of total purchases made in the previous year).
A sign-up bonus of 35,000 bonus points when you spend $5,000 within 3 months of opening your account (as of this writing).
Access to over 850 airport VIP lounges worldwide with Priority Pass Select, plus two complimentary visits to participating lounges.
No foreign transaction fees.
Lost or damaged luggage insurance.
By comparison, the venerable Chase Sapphire Preferred® Card awards a 10% points bonus on each account anniversary and doesn’t come with lounge access, and its annual fee is slightly higher than the Premium Rewards card. However, unlike the BMO Premium Rewards card, the Chase Sapphire Preferred® Card features travel partners to which you can transfer your points, often for outsize value.
The Premium Rewards card also earns the following rewards in BMO’s proprietary currency, Flex Rewards:
3 Flex Rewards points per $1 spent on eligible dining, hotels and airfare (on up to $2,500 in combined spending each quarter), and 1x on all purchases after that.
1 Flex Rewards point per $1 spent on all other eligible purchases.
Flex Rewards points may be redeemed for flights, hotels, merchandise, gift cards and statement credits, among other options. Point values vary depending on the redemption; cardholders can check the redemption value at www.bmoflexrewards.com.
Flex Rewards points don’t expire, assuming your account remains in good standing with BMO.
For cash back: BMO Cash Back Credit Card and the BMO Platinum Rewards Credit Card
Two BMO cards would be good picks as cash-back cards. One earns direct cash back as a percentage of each purchase; the other earns BMO’s proprietary currency, Flex Rewards, which can be redeemed for cash back in the form of statement credit.
BMO Cash Back Credit Card
For straightforward cash-back rewards, the aptly named BMO Cash Back Credit Card is probably the better choice. It has the higher rewards rates, and the rewards categories represent a range of everyday spending. The $0-annual-fee Cash Back card earns:
5% cash back on eligible streaming, cable TV and satellite services.
3% cash back on eligible gas and grocery purchases, up to $2,500 in combined quarterly spending (1% after that).
1% cash back on all other eligible purchases.
The only redemption option is a statement credit. Rewards never expire as long as the account is open and in good standing.
As of this writing, the card also comes with the following sign-up bonus: Get a $200 cash-back bonus when you spend $2,000 within 3 months of opening your account.
BMO Platinum Rewards Credit Card
The Platinum Rewards card, like its Cash Back sibling, earns rewards on gas and groceries, but the rewards rates on the Platinum Rewards card are a hair lower. It earns:
2 Flex Rewards points per $1 spent on eligible gas and groceries, up to $2,500 in combined spending each calendar quarter (1x on all purchases after that).
1 Flex Rewards point per $1 spent on all other eligible purchases.
Redemption options for the Platinum Rewards card are the same as the Premium Rewards card because both cards earn Flex Rewards.
In favor of the Platinum Rewards card, its annual fee is also $0, and it has a good welcome offer: Get 25,000 bonus points when you spend $2,000 within 3 months of opening your account. It also gives cardholders a points bonus every account anniversary equal to 10% of the total points earned in the past year. The Cash Back card doesn’t award an annual bonus.
These are both decent options for cash back. But if you’d prefer a simple, high flat rate back on everything, without the need to keep track of bonus categories, you could consider a product like the Citi Double Cash® Card. It earns 2% cash back on every purchase: 1% back when you buy, 1% back when you pay it back.
The card has a $0 annual fee, and it also offers a 0% intro APR on Balance Transfers for 18 months, and then the ongoing APR of 19.24%-29.24% Variable APR.
Who doesn’t want to be rewarded?
Create a NerdWallet account for personalized recommendations, and find the card that rewards you the most for your spending.
The Bilt World Elite Mastercard® Credit Card is best known for its unique standout feature: the ability to earn rewards with no transaction fee when paying rent. Indeed, the Bilt credit card is a game-changer for renters. Beyond rent, though, how does Bilt compare with a more traditional general-purpose credit card like the Wells Fargo Autograph℠ Card?
Both cards carry no annual fee. They both earn 3 points per $1 spent on dining, offer cell phone protection and certain travel protections, plus charge no foreign transaction fees. But in most other respects, the benefits of these two cards couldn’t be more different.
The Wells Fargo Autograph℠ Card offers a compelling sign-up bonus and introductory APR, while the Bilt World Elite Mastercard® Credit Card offers neither. But the Bilt credit card, along with its most obvious benefit for renters, earns points that can be transferred to various hotel and airline travel partners, giving the potential for outsize value. Currently, the Autograph offers no such transfers.
Let’s dig into the specifics of each card so you can make the right pick for your lifestyle.
Who doesn’t want to be rewarded?
Create a NerdWallet account for personalized recommendations, and find the card that rewards you the most for your spending.
How the cards compare
Bilt World Elite Mastercard® Credit Card
Wells Fargo Autograph℠ Card
Annual fee
Sign-up bonus
Limited Time Offer: Earn 30,000 bonus points when you spend $1,500 in purchases in the first 3 months – that’s a $300 cash redemption value.
Rewards
3 points per $1 spent on dining.
2 points per $1 spent on travel.
1 point per $1 spent on rent (up to 100,000 points annually).
1 point per $1 spent on all other purchases.
3 points per $1 spent on restaurants.
3 points per $1 spent on travel, transit, gas stations and EV charging stations.
3 points per $1 spent on popular streaming services and select phone plans.
1 point per $1 spent on all other purchases.
APR
See Terms.
0% intro APR on Purchases for 12 months from account opening, and then the ongoing APR of 20.24%, 25.24%, or 29.99% Variable APR .
Foreign transaction fee
Still not sure?
Why the Bilt World Elite Mastercard® Credit Card is better for renters and travelers
Pay rent with a credit card
The Bilt World Elite Mastercard® Credit Card‘s standout feature is its ability to earn rewards on rent payments without any transaction fees. That’s a unicorn in the credit card world, as most cards can’t be used directly toward rent payments without such fees. Previously, renters looking to pile up credit card rewards relied on intermediary services like Plastiq, whose high fees cut into any rewards earned.
Though the benefit caps out at 100,000 points per year, this still makes the Bilt World Elite Mastercard® Credit Card the obvious choice for renters looking to get more out of their biggest monthly expense. Even if you don’t live in a property that’s part of the Bilt network, you can still charge rent on the card (with no transaction fees) and they’ll mail a check to your landlord.
Transfer to travel partners
Both cards earn points, but only points earned from the Bilt World Elite Mastercard® Credit Card have the potential for higher value toward travel. Points earned from the Wells Fargo Autograph℠ Card are worth 1 cent each and can be redeemed for travel, gift cards or statement credits — or when checking out online with PayPal.
Bilt Points are also versatile and can be used toward rent, fitness classes, home decor and even a home downpayment, for varying value. But as a card with no annual fee, the Bilt World Elite Mastercard® Credit Card stands out for its ability to transfer points at a 1:1 ratio to a wide range of travel partners. Travelers often find greater value than 1 cent each for their points when they transfer this way.
This is a rare perk among no-fee cards, most of which require pairing with a higher-fee card to transfer points. For example, Chase Freedom Flex℠ cardholders can transfer points to travel partners only if they also carry a higher fee card like the $95-annual-fee Chase Sapphire Preferred® Card.
Plus, Bilt’s list of travel partners is excellent, including American Airlines, United, Hyatt and IHG. In fact, despite American Airlines issuing co-branded credit cards with both Citibank and Barclays, neither issuer allows transfers of its points to the airline. Here’s a look at the full list of available transfers:
Full list of Bilt transfer partners
Aer Lingus (1:1 ratio).
Air Canada (1:1 ratio).
Air France (1:1 ratio).
American Airlines (1:1 ratio).
British Airways (1:1 ratio).
Cathay Pacific (1:1 ratio).
Emirates (1:1 ratio).
Hawaiian Airlines (1:1 ratio).
Hyatt (1:1 ratio).
Iberia Airlines (1:1 ratio).
IHG (1:1 ratio).
Marriott (1:1 ratio).
Turkish Airlines (1:1 ratio).
United (1:1 ratio).
Virgin Atlantic (1:1 ratio).
Bonus points in several categories, with an extra boost on “Rent Day”
Beyond rent payments, the Bilt World Elite Mastercard® Credit Card earns solid rewards on a variety of everyday expenses. That includes 5x points on Lyft rides, 3x points on dining, 2x points on travel and 1x on all other purchases.
But Bilt’s biggest benefit to cardholders comes on the first day of each month, when point values double for all nonrent categories, up to a cap of 10,000 bonus points per month. On that day, Bilt World Elite Mastercard® Credit Card holders earn 6x points on dining, 4x on travel purchases and 2x on everything else.
Why you may prefer the Wells Fargo Autograph℠ Card
Snag a sign-up bonus
Like many more traditional rewards credit cards, the Wells Fargo Autograph℠ Card greets new users with an attractive new cardholder bonus: Limited Time Offer: Earn 30,000 bonus points when you spend $1,500 in purchases in the first 3 months – that’s a $300 cash redemption value.
The Bilt World Elite Mastercard® Credit Card, on the other hand, offers no bonus for new cardholders, meaning it will take longer to rack up the same level of rewards.
Pay over time with 0% introductory APR
The Wells Fargo Autograph℠ Card is also the better pick for cardholders who need to finance purchases over time. Currently, new cardholders will get 0% intro APR on Purchases for 12 months from account opening, and then the ongoing APR of 20.24%, 25.24%, or 29.99% Variable APR .
Since the Bilt World Elite Mastercard® Credit Card doesn’t offer an introductory interest rate, it’s a less attractive choice for cardholders who need some breathing room on interest.
Earn higher rewards on travel, gas stations and streaming services
Both cards earn 3x points at restaurants, but the Wells Fargo Autograph℠ Card wins by a nose on travel purchases, earning 3x points per $1 spent compared with 2x with Bilt.
The Autograph also earns 3x points on certain popular streaming services and phone plans. Bilt’s baseline earnings rate for these categories is just 1 point per $1 spent — but you can bump that up to 2x points per dollar by setting these recurring bills to be charged on the first of every month.
When it comes to fueling your vehicle, though, the Autograph really races ahead on rewards, earning 3x points at gas stations and EV charging stations. For comparison, the Bilt World Elite Mastercard® Credit Card earns a modest 1 point per dollar spent in these categories.
Potential tie-breakers
Still can’t decide which card is right for you? Here are a few minor points of distinction to consider.
Simplicity of earning rewards
A major downside of the Bilt World Elite Mastercard® Credit Card is its transaction requirement. According to the card’s terms, you must complete five transactions per billing period to earn any rewards. That means if you only make four transactions on the card one month, you won’t earn rewards on any of those purchases. There’s no minimum spend per transaction, but this does present an extra hoop to make sure you maximize your rewards.
The Wells Fargo Autograph℠ Card won’t earn you rewards on rent, but it also doesn’t include any such complicated requirements.
Metal vs. plastic
If you have strong preferences about the feel of the card, it’s worth noting that the Bilt World Elite Mastercard® Credit Card comes in a sleek metal design, adding some sophistication to your wallet. The Wells Fargo Autograph℠ Card is plastic, making it a lighter weight to carry.
Which card should you get?
The distinction here is pretty clear. If you’re a renter, the Bilt World Elite Mastercard® Credit Card is the obvious choice. No other card offers comparable rewards on rent payments, and the card’s additional rewards plus travel partners make it a good value on everyday spending as well.
Not a renter? The Wells Fargo Autograph℠ Card will provide more overall value on everyday spending.
Then again, given that both cards carry no annual fee, renters with good credit may choose to pick up one of each. Use the Bilt World Elite Mastercard® Credit Card for rent, Lyft rides and to pick up extra rewards on the first day of each month. For the rest of the month, the Wells Fargo Autograph℠ Card will earn you higher rewards in most categories, along with a strong intro APR and sign-up bonus.
New York City’s crackdown on short-term rentals such as Airbnb and Vrbo has begun, and the effects are being felt throughout the industry and among travelers visiting the area.
The city adopted Local Law 18, which requires hosts to register with the city or face stiff fines, in 2022, but enforcement didn’t begin until September 2023. Experts say the change has already reduced the number of short-term rental units in the city.
“The available listings for less than 30 days have fallen by 33.7% year-over-year,” says Bram Gallagher, an economist at AirDNA, a short-term rental analytics platform. “There’s big movement there.”
The law specifically targets stand-alone properties — that is, properties where neither the host nor other guests are on-site. Experts expect such rentals to see the biggest changes in availability. Yet, the reduction in supply for stand-alone units could drive up demand for shared spaces and hotels, leading to a potential increase in lodging prices across the board.
That’s what Roger Tran, a city employee from Ontario, Canada, experienced on a September vacation to New York City.
“New York is always going to be expensive, but to my surprise, Airbnbs weren’t cheaper at all than hotels,” Tran says. “I was looking in Manhattan, Queens, Brooklyn, Jersey City. I didn’t mind commuting, but even there it was expensive.”
Though it’s too early to say how the new law will ultimately shake out in New York’s vast lodging industry, it’s clear that the tide is shifting away from short-term rentals and into other forms.
NYC supply has dropped, prices are rising
In the rest of the country, the supply of short-term rental properties has been steadily increasing for the last few years. The number of available listings in the U.S. rose 14.5% in September 2023 to more than 1.5 million units compared with the same time last year, according to AirDNA data.
In other words, New York City is running against the current nationally in terms of adding short-term rentals.
“Supply in NYC has been flat over the last couple of months, which is noticeable since the number of listings had been increasing prior to that,” said Melanie Brown, executive director of data Insights for Key Data, a short-term rental market data service, in an email.
AirDNA’s Gallagher says New York ranked third from last in October among the top 50 short-term rental markets in terms of demand growth. That was behind even Maui, Hawaii; Cape Coral, Florida; and Fort Myers, Florida — areas that have suffered recent natural disasters.
Even though bookings slowed over the same time period, reduction in demand hasn’t kept pace with the tightening supply. As a result, prices are increasing, with average daily rates up 23% year-over-year in September compared with a 17% year-over-year increase in July for shared and private rooms, according to Key Data.
Rooms in shared accommodations are not affected by Local Law 18, suggesting that an overall contraction in supply is pushing guests to seek other options, driving prices higher even for units not restricted by the law.
The landscape is changing quickly
Beyond the simple logic of supply and demand fluctuations, experts say the new law’s enforcement has changed how — and where — hosts list their properties.
For example, because the law requires permitting only for bookings under 30 days, some hosts are changing how they list their properties.
“We’ve seen a big switch over from short-term rentals to long-term rentals, which are 30 days or more,” Gallagher says. “New York City has had a lot of those, and now it has even more.”
That might make sense for hosts, but it keeps the total supply of short-term units available on these platforms relatively flat. And for guests looking for short-term rentals, this will mean fewer options to choose from when searching.
Also, because the restrictions apply only to New York City itself, the new law has led many guests to seek accommodations on the other side of the Hudson River.
“Interestingly, the number one demand growth area was Jersey City and Newark,” Gallagher says, noting that bookings in this region of New Jersey rose a whopping 61% in October 2023 compared with the same month in 2022.
And though it’s too early to tell, the reduced options and higher costs of short-term rentals in the city could drive some travelers to seek other options. That’s where Tran landed on his recent trip.
“I went for a hostel, which was the cheapest option,” Tran says. “It was great. I was a 10-minute train ride from Times Square.”
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Rising need for interior lighting solutions and urbanization are stimulating the growth of the floor lamp market in China. India floor lamp sales are expanding steadily due to rising middle-class demand and increasing living standards.
NEWARK, Del, , Nov. 06, 2023 (GLOBE NEWSWIRE) — The global floor lamp market size has the potential to surge significantly, achieving US$ 34,516.70 million by 2023. From 2023 to 2033, floor lamp sales are expected to strengthen at an optimistic 12.4% CAGR. The floor lamp market is expected to be worth US$ 1,11,289.4 million by 2033.
The Influence of Consumer Aesthetics on Home Decor
The growing consumer preference for aesthetically pleasing home décor items is a significant determinant of global floor lamp market growth. As people become more aware of and appreciate interior design, the demand for stylish and functional décor elements like floor lamps develops. Rising disposable income levels enable consumers to invest in premium home décor products, boosting demand for floor lamps.
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The Eco-advancement of Floor Lamp
The growing awareness of environmental sustainability results in greater emphasis on energy-efficient lighting solutions. The production of eco-friendly floor lamps that use energy-efficient LED bulbs or are made from sustainably sourced materials aligns with demand, boosting floor lamp market expansion.
E-commerce Reshapes Home Decor Retail
The emergence of e-commerce platforms with various products, easy options, and home delivery services has prompted consumers to shop for home décor items. The switch to online shopping has contributed to floor lamp market growth by providing floor lamp providers with an extensive customer base.
Limiting Factors in the Floor Lamps Sector
Consumer spending on non-essential items like floor lamps can be adversely affected by economic downturns. The floor lamp demand is impacted when people postpone buying decorative lighting fixtures because they have less money to spare.
Modern design and lighting trends can potentially substitute older floor lamp models. To remain competitive and cater to the evolving tastes of their customers, floor lamp manufacturers need to innovate constantly.
Floor lamps are frequently offered for sale by both online and physical merchants. Traditional brick-and-mortar stores may face difficulties due to changes in the retail environment, such as the rise of e-commerce in consumer purchasing behavior.
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Regional Insights into the Floor Lamps Industry
Market Trends for Floor Lamps in North America
Floor lamp manufacturing and consumption are most concentrated in North America.
This results from influential people being present and consumers having a lot of disposable income and buying goods that improve the atmosphere in their homes.
The floor lamp market in North America is expanding due to manufacturers’ emphasis on creating cutting-edge goods that satisfy consumer demands and current trends.
Europe Market Forecast of Floor Lamp
Europe is going to keep evolving as a result of the increasing adoption of contemporary home décor designs.
Changing customer lifestyle habits and rising disposable income are two more factors contributing to the high demand for floor lamp in Europe.
The increasing prevalence of decorative lights in residential and commercial settings has increased the demand for floor lamp.
“Thefloor lamp market is still expanding steadily due to changing interior design trends and consumer demand for flexible lighting options. The growing emphasis of consumers on energy efficiency and aesthetics stimulates standing lamp market growth. Concerns about sustainability and competitive pricing present difficulties for floor lamp manufacturers.” says Sneha Verghese, Senior Consumer Goods and Products Consultant at Future Market Insights (FMI).
Key Takeaways
The household application segment is expected to garner a market share of 38.70%.
The modern floor lamp category is expected to attain a market share of 36.70%.
The Canada standing lamp market is anticipated to accelerate at a CAGR of 9.6% from 2023 to 2033.
The United States floor lamp sales is anticipated to surge at a CAGR of 8.1% by 2023.
The floor lamp demand in the United Kingdom will grow at a CAGR of 7.4% from 2023 to 2033.
The France floor lamp industry is expected to accelerate a CAGR of 9% between 2023 and 2033.
The Italy standing lamp market to record at a CAGR of 7.2% through 2023.
The Spain standing lamp market expects growth from 2023 to 2033 at a CAGR of 8.5%.
Germany floor lamp market to develop at a CAGR of 6.6% through 2023.
India floor lamp industry is anticipated to boost at a CAGR of 14.5% by 2023.
China floor lamp sales are expected to surge at a CAGR of 11.9% until 2033.
Japan floor lamp market may exhibit a CAGR of 14.1% by 2023.
Singapore floor lamp sales to soar at a CAGR of 12.3% between 2023 and 2033.
Australia floor lamp industry to register a CAGR of 12.8% through 2023.
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Competitive Landscape
Leading floor lamp manufacturers have introduced new products with enhanced capabilities. The standing lamp manufacturers are working on price, height, color and shade combinations, and material composition to create adjustable floor lamps with multiple lights. The demands of different applications have caused floor lamp providers to concentrate on developing new products.
Key Floor Lamp Manufacturers
Recent Developments
GUANYA TLighting
Energy-efficient light bulbs are becoming increasingly popular as a symbol of going green. Since GUANYA is expanding its floor lamp line, high-tech LED bulbs are leading this subtle revolution in floor lamps.
The introduction of floor lamps with LED lighting and a wide variety of LED colors by Philips is increasing sales of floor lamps because customers want to purchase those that complement their interior design.
Key Segments
By Product:
Modern Lamps
Rustic Lamps
By Application:
Household
Commercial
By Distribution Channel:
Online
Offline
By Region:
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
Explore FMI’s Extensive Ongoing Coverage on Consumer Product Domain:
The Lamp Shades Market is likely to hold the global market at a moderate CAGR of ~7% during the forecast period. The global market holds a forecasted revenue of ~US$ 29.26 Billion in 2022 and is likely to cross ~US$ 57.5 Billion by the end of 2032.
The Mosquito Lamps Market is likely to hold the global market at a moderate CAGR of ~13.7% during the forecast period. The global market holds a forecasted revenue of ~US$ 363.1 Million in 2022 and is likely to cross ~US$ 1311.09 Million by the end of 2032.
The battery operated lights market is projected to register a CAGR of 10.3% during the forecast period, up from US$ 101.5 Billion in 2021 to reach a valuation of US$ 300 Billion by 2032.
The outdoor lighting market is likely to strengthen its boundaries at a steady CAGR of 7.4% during the forecast period. The market is anticipated to hold a revenue of US$ 12.57 billion in 2023, while it is anticipated to cross a value of US$ 25.67 billion by 2033.
The ring lights market size is estimated to be valued at US$ 9 billion in 2023 and is expected to surpass US$ 36 billion by 2033. The adoption of ring lights is likely to advance at a CAGR of 15% during the forecast period. Household and photography applications will continue driving growth over the decade.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware – 19713, USA T: +1-845-579-5705 For Sales Enquiries: [email protected] Website: https://www.futuremarketinsights.com LinkedIn| Twitter| Blogs | YouTube
Bilt Rewards is a unique credit card rewards program that allows members to earn points on rent payments without paying transaction fees. Members with the Bilt World Elite Mastercard® Credit Card can also earn Bilt Points on non-rent spending, including bonuses on dining and travel purchases.
One way to redeem these points for travel expenses is to transfer Bilt Rewards points to airline and hotel loyalty programs. Prominent Bilt transfer partners include American Airlines AAdvantage, United MileagePlus, Emirates Skywards, World of Hyatt and the company’s newest transfer partner: Marriott Bonvoy.
Bilt airline transfer partners
Bilt Rewards members can transfer their points to 12 airline frequent flyer programs. Notably, that includes the American Airlines AAdvantage program — which is exclusive to Bilt.
Bilt members can transfer points to the following airline loyalty programs at a rate of 1:1 (1 Bilt point will become 1 airline mile).
Bilt Rewards hotel transfer partners
Bilt Rewards members can transfer to three hotel partners at a rate of 1:1.
Marriott Bonvoy is the newest transfer partner for Bilt Rewards. Members can transfer points to Marriott Bonvoy at a rate of 1:1. Plus, for every 20,000 points transferred to Marriott in a single transaction, Bilt Rewards members will receive an additional 5,000 Marriott Bonvoy points.
How to earn Bilt Rewards points
With a $0 annual fee, cardholders earn 1 Bilt Rewards point per dollar spent on rent (up to 100,000 points in a calendar year) without paying any extra transaction fees. If necessary, Bilt will charge you for your rent and then send a check to your landlord on your behalf.
Bilt cardholders also earn:
3 points per dollar on dining.
2 points per dollar on travel booked directly through a hotel, airline, or car rental agency.
1 point per dollar on all other purchases.
Members must use the card on five transactions within each statement period to earn points.
On the first of the month — which the company calls “Rent Day” — Bilt cardmembers earn double points on non-rent categories, including 6 points per dollar on restaurants, 4 points per dollar on travel and 2 points per dollar on other purchases. There are usually other promotions as well on Rent Day.
How to transfer Bilt Rewards
The easiest way to transfer Bilt Rewards points to partner loyalty programs is in the Bilt Rewards app.
After logging in, navigate to the “Travel” tab.
From there, select “Flights” or “Hotels.” Then scroll down and select a specific loyalty program. At that point, you’ll be able to enter your partner loyalty number to link your loyalty account with your Bilt Rewards account. You’ll get 100 Bilt points for each loyalty program you link.
Then you can enter however many points you’d like to transfer.
🤓Nerdy Tip
In some cases, the app cautions that transfers may not happen instantaneously. For instance, the app specifics that American Airlines AAdvantage transfers may take up to 72 hours to complete.
Which Bilt transfer partners are best?
NerdWallet values Bilt Rewards points at 2 cents per point. Here is how NerdWallet values some of the top transfer partners when you redeem these programs’ points or miles for flights or hotel stays:
Transfer partner
Estimated value
American Airlines AAdvantage
1.7 cents.
Air France/KLM Flying Blue
1.2 cents.
Air Canada Aeroplan
1.4 cents.
British Airways Avios
Emirates Skywards
Hawaiian Airlines HawaiianMiles
1.2 cents.
IHG One Rewards
Marriott Bonvoy
United MIleagePlus
1.2 cents.
World of Hyatt
2.3 cents.
The best Bilt transfer partners are generally the highest valued ones: World of Hyatt and American Airlines. But that doesn’t mean you shouldn’t ever transfer to other partners, especially if you need to top off your account to be able to book a trip or if you find a surprisingly good redemption rate with one of the other loyalty programs.
Is transferring your Bilt Rewards worth it?
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:
Drummond serves as chair of the board’s compensation and human capital committee and a member of the board’s executive, audit and operations and technology committees. His corporate tenure includes serving as executive vice president at TD Canada Trust until 2014, along with previous executive roles at Fiserv and Bank of America. “Lance and I have … [Read more…]
Arizona’s largest airport, Phoenix Sky Harbor International Airport, is located about four miles from downtown Phoenix. A focus city for both American Airlines and Southwest Airlines, Phoenix Airport is the 10th busiest airport in the United States by aircraft movements.
If you have a trip to or from Phoenix Sky Harbor Airport in the near future, this guide, which includes information on how to get to the airport by public transport, terminal details and what lounges are available, is for you.
Phoenix Sky Harbor Airport quick facts
Airport code: PHX.
Address: 3400 E. Sky Harbor Blvd.
Number of runways: Three.
Number of terminals: Two — Terminal 3 and Terminal 4.
Transport between terminals: PHX Sky Train.
Daily flights served: 1,200.
Daily passenger count: 125,000.
Phoenix Airport map
For PHX Sky Harbor terminals and an interactive map, visit this page.
Airlines with service to Phoenix airport
Nearly two dozen airlines, both U.S.-based and international, operate flights to and from Phoenix Sky Harbor International Airport. Depending on the carrier you’re flying, you’ll be departing from one of the terminals below.
Terminal 3 airlines
Advanced Air.
Air Canada.
Alaska Airlines.
Allegiant Air.
Breeze Airways.
Contour Airlines.
Delta Air Lines.
Denver Air Connection.
Frontier Airlines.
Hawaiian Airlines.
JetBlue Airways.
Southern Airways Express.
Spirit Airlines.
Sun Country Airlines.
United Airlines.
Terminal 4 airlines
American Airlines.
British Airways.
Condor Airlines.
Southwest Airlines.
TSA PreCheck lines at Phoenix airport
Both terminals have TSA PreCheck lines, so if you’re a member of the Trusted Traveler Programs, you can use the following checkpoints to breeze through security:
Terminal 3
North checkpoint.
Terminal 4
Checkpoint A.
Checkpoint B.
Checkpoint C.
Checkpoint D.
Getting to and from Phoenix airport
Bus
Two bus lines serve Phoenix Airport: Route 13 and Route 44. Route 13 stops near the airport’s operations building, west of Terminal 3, and at 24th Street PHX Sky Train Station. Route 44 stops at the 44th Street PHX Sky Train Station.
Train
Take the free Sky Train to the 44th Street PHX Sky Train Station and head to the Valley Metro Rail platform. You can use the light rail to reach Phoenix, Tempe and Mesa.
Ride-hailing apps
Both Lyft and Uber operate in the Phoenix metro area, meaning you can request a ride to and from the airport.
Rental car companies at Phoenix airport
If you need to rent or drop off a vehicle, you can take the PHX Sky Train between the rental car center and the terminals.
The following car rental companies have offices at the car rental center at Phoenix Airport:
Phoenix airport car rental options
Enterprise.
NÜ Car Rentals.
Phoenix airport lounges
Terminal 3
Location: Near Gate F8.
Hours: 4:45 a.m. to 12 a.m.
Location: At the intersection of E and F gates, mezzanine level, next to Passage by Hudson.
Hours: 4:30 a.m. to 10 p.m.
Location: Near Gate E3.
Hours: 5 a.m. to 11:30 p.m.
Terminal 4
Location: Above Gates A7 and A9.
Hours: 6 a.m. to 11:30 p.m.
Location: Between Gates A19 and A21.
Hours: 4 a.m. to 8 p.m.
Admirals Club, Concourse B
Location: Above Gates B5 and B7.
Hours: 6 a.m. to 8 p.m.
Escape Lounge – The Centurion® Studio Partner
Location: Across from Gate B22.
Hours: 5 a.m. to 10 p.m.
Location: Across from Gate B22, on the upper level.
Hours: 6 a.m. to 9 p.m.
USO Lounge
Location: Level 2, East End, near B and C elevators (pre-security).
Hours: 7 a.m. to 3 p.m. Monday through Thursday and 7 a.m. to 7 p.m. Friday through Sunday.
Restaurants at Phoenix airport
If you don’t have lounge access, you can grab a bite at many restaurants available at Phoenix Sky Harbor International Airport. The eateries include national chains as well as some local establishments.
Terminal 3 restaurants
Ajo Al’s Mexican Cafe.
Giant Coffee.
Humble Torta & Taco.
Panera Bread.
Peet’s Coffee.
PHX Beer Co.
SanTan Brewing Company.
Shake Shack.
Starbucks.
The Roadie.
The Tavern.
Terminal 4 restaurants
Barrio Cafe.
Blanco Tacos & Tequila.
Cartel Roasting Co.
Chelsea’s Kitchen.
Cheuvront Restaurant & Wine Bar.
Cowboy Ciao.
Deluxburger Express.
Dilly’s Deli.
Dunkin’.
Fazoli’s.
Focaccia Fiorentina.
Four Peaks Brewing Company.
Humble Pie.
La Grande Orange.
La Madeleine.
Los Taquitos.
Matt’s Big Breakfast.
McDonald’s.
O.H.S.O. Brewery.
Olive & Ivy.
Panda Express.
Peet’s Coffee.
Pei Wei Asian Kitchen.
Sir Veza’s Taco Garage.
Starbucks.
Sweet Republic.
Tammie Coe To Go.
Wendy’s.
Wildflower Bread Company.
Zinburger.
Zinc Brasserie.
Shops at Phoenix Airport
A slew of retail shops is available for passengers looking for last-minute items in between flights. Among the traditional travel swag, you’ll also find some merchandise showcasing the spirit of the American Southwest.
Terminal 3 shops
Best Of The Valley Market.
Discover Arizona.
Indigenous Mosaic.
InMotion Entertainment.
Ironwood by Hudson.
Johnston & Murphy.
Passage by Hudson.
Phoenix Public Market.
Stellar News + Market.
Tech On The Go.
Travel Outfitters.
Terminal 4 shops
Arizona Highways.
AZCentral.com.
Brooks Brothers.
Bunky Boutique.
Cactus Candy.
CASA Airport.
CNBC 12 News.
Connections.
Earth Spirit.
Hudson News.
Indigenous.
InMotion Entertainment.
Johnston & Murphy.
Lucky Break.
Phoenix Duty Free
Roosevelt Row.
Sonora Southwest Living.
Sunglass Hut.
TripAdvisor.
Uno de 50.
Uptown Phoenix.
Frequently asked questions
Does Phoenix Airport have Clear lanes?
Yes, Terminal 3 and Terminal 4 both have Clear lanes for Clear Plus members and enrollment options for passengers interested in joining the program. North checkpoint as well as Checkpoints A, B, C and D all have Clear lanes.
What terminal is Southwest at PHX?
Southwest Airlines is located in Terminal 4 at Phoenix Sky Harbor Airport.
Where is the Delta terminal at Sky Harbor Airport?
Delta flights depart from Terminal 3 at Phoenix Sky Harbor Airport.
What terminal is United at Phoenix Airport?
The Sky Harbor United terminal is Terminal 3.
What airlines are based at Phoenix Airport?
American Airlines and Southwest Airlines have operational hubs at Phoenix Airport.
How do I reserve parking at PHX Sky Harbor?
It’s possible to reserve a long-term parking spot at Phoenix Airport. To make a reservation, select the date and time of your entry and exit from the lot, select the preferred parking facility, fill out your information and provide payment details.
You can make a parking reservation as early as six months and as late as two hours before departure. The maximum number of days available for parking pre-booking is 60.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for: