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Travel Hotels Resorts and Cruise Lines

  • WILLIAMSBURG, Va. _ Sotherly Hotels Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The Williamsburg, Virginia- based real estate investment trust said it had funds from operations of $2.1 million, or 12 cents per share, in the period. Sotherly Hotels expects full-year funds from operations in the range of $1.02 to $1.10 per share,...

  • Feb 21- InterContinental Hotels Group beat 2016 profit forecasts, helped by demand in the Americas, and announced a $400 million special dividend for shareholders that sent its stock to a record high. The company, which runs over 5,000 hotels in about 100 countries under brands such as Crowne Plaza, Holiday Inn and InterContinental, said on Tuesday it also...

  • Feb 21- InterContinental Hotels Group Plc, one of the world's largest hoteliers, reported a slightly better-than-expected yearly profit rise and said it would return $400 million to investors via a special dividend and share consolidation. IHG, which runs hotels under brands such as Crowne Plaza, Holiday Inn and InterContinental, posted a 4 percent rise in...

  • Checking in with Choice Hotels

    Steve Joyce, Choice Hotels International president & CEO, discusses the company's outlook going forward and his views on the Trump administration's ability to help promote the travel industry.

  • Gaming making recovery in Macau: Melco Crown CEO

    Lawrence Ho, CEO of Melco Crown Entertainment, talks about how customers are coming back more frequently after the lull early last year.

  • LAS VEGAS— MGM Resorts International on Thursday reported fourth-quarter net income of $24.7 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Four analysts surveyed by Zacks expected $2.44 billion.

  • The Chicago company, which also runs the Andaz hotel brand, reported fourth-quarter net income of $41 million, or 31 cents per share, in the last three months of 2016. Adjusted earnings came to 29 cents per share, beating the 24 cents per share analysts expected, according to Zacks Investment Research. Shares of Hyatt Hotels Corp. were unchanged before the stock...

  • ROCKVILLE, Md. _ Choice Hotels International Inc. on Wednesday reported fourth-quarter net income of $31.8 million. Choice Hotels expects full-year earnings to be $2.78 to $2.84 per share. Choice Hotels shares have risen 3 percent since the beginning of the year.

  • *Hilton forecasts 2017 adj profit of $1.65- $1.75/ share. The hotel operator said it expected adjusted earnings between $1.65 and $1.75 per share. Analysts on average had estimated earnings of $1.75 per share in 2017, according to Thomson Reuters I/B/E/S.

  • BETHESDA, Md. _ Marriott International Inc. on Wednesday reported fourth-quarter profit of $244 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share. Four analysts surveyed by Zacks expected $4.82 billion.

  • *Forecasts 2017 adj profit of $1.65- $1.75/ share. The hotel operator said it expected adjusted earnings between $1.65 and $1.75 per share. Analysts on average had estimated earnings of $1.75 per share in 2017, according to Thomson Reuters I/B/E/S.

  • Hilton, which gets more than three quarters of its revenue from the United States, reaffirmed its 1-3 percent growth in RevPAR in 2017 and said it expects adjusted earnings between $1.65 and $1.75 per share. Analysts on average had expected Hilton to earn $1.75 per share in 2017.. Net loss attributable to Hilton stockholders was $387 million, or $1.17 per share, in...

  • Net loss attributable to Hilton stockholders was $387 million, or $1.17 per share, in the fourth quarter ended Dec. 31. The company reported net income of $814 million, or $2.47 per share, in the year-ago period. Revenue rose to $2.92 billion from $2.86 billion.

  • *Mulls selling holidays to customers from S. Europe, China. BERLIN, Feb 14- European travel and tourism company TUI said it aims to start offering holidays to customers from countries such as China, India, Spain and Italy as it seeks new ways to keep its hotels full. "This is also true for China, Southeast Asia...

  • SINGAPORE, Feb 10- Liesbeth Foesters travels for business around the world, but none of her hotel rooms was smaller than the one she got in Singapore. It is a compromise that works well both for travellers like Foesters and the hotel industry in Singapore, which for the past two years has been aggressively targeting middle income guests. Visitors from upwardly...

  • Club Med isn't in the business of resorts: CEO

    Xavier Desaulles, CEO at Club Med, talks about how the company creates experiences for holiday goers.

  • Feb 3- InterContinental Hotels Group Plc on Friday confirmed a data breach from payment cards used at 12 of its hotels in the United States, a little over a month after it said it was investigating claims of a possible breach. The affected properties include the InterContinental Chicago Magnificent Mile, the InterContinental San Francisco and Holiday Inn...

  • Feb 3- InterContinental Hotels Group Plc said on Friday that a malware in the servers at 12 of its hotels in the United States tracked payment card data if the card was used at the hotels' restaurants and bars between August and December last year. InterContinental's Kimpton Hotels& Restaurants in August had reported a similar malware attack on servers that...

  • *Chinese tourism boom fuels rapid hotels expansion in Australia. SYDNEY, Feb 3- The hole in Australia's economy dug by China's dwindling appetite for its resources is being filled by the Chinese themselves, whose growing affluence is powering a surge in travelers in a boon to tourism income and growth. Tourism has already overtaken coal as Australia's...

  • King of the castle

    CNBC's Robert Frank reports how the super rich take a Disney vacation and dine in automotive style.