Travel Hotels Resorts and Cruise Lines

  • Norwegian Cruise Line CEO on Trump's Cuba policy

    Frank Del Rio, Norwegian Cruise Line CEO, weighs in on President-elect Donald Trump, including his impact on the economy and his Cuba policy. With Tilman Fertitta, Landry's CEO.

  • *Accor's initial investment in Banyan Tree worth $17 mln. PARIS, Dec 8- AccorHotels has bought an initial five percent stake in Singapore's Banyan Tree Holdings as part of Accor's current strategy to strengthen its luxury hotels portfolio to give a boost to its earnings. The move follows similar deals by AccorHotels, which is Europe's largest hotels group, in the...

  • Norwegian Cruise Line said its first ship would set sail to Havana from Miami on March 7 next year, while Royal Caribbean did not specify a date. The Adonia was the first U.S.-owned ship to sail to Cuba from the United States since Fidel Castro's 1959 revolution. Cuba said in April it would lift a ban on Cuban-born citizens entering and leaving the country in...

  • Shares of Genting Singapore extended a more than month long rally as Japan took another step toward legalizing casinos.

  • HONG KONG, Dec 6- Fosun International Ltd, China's biggest privately-owned conglomerate, is known globally for its bold dealmaking, including the tenaciously successful pursuit of French resort operator Club Med. In some cases, the internal teams of Chinese corporations far outnumber investment bankers at global banks in Asia. Goldman Sachs, for instance,...

  • ISTANBUL, Dec 5- Turkish hotels have cut staff by 40 percent, some have shuttered for the winter and others are struggling to pay back loans after a trying year when occupancy rates fell to the lowest in Europe, a report said on Monday. Long one of the world's most visited countries popular with Arabs, Russians and Europeans, Turkey has seen average hotel occupancy...

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges for polluting the seas and deliberate acts to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. Shares of Carnival, the world's largest cruise operator, were down more than 2 percent at $50.29 in midday trading on...

  • MIAMI— Princess Cruise Lines will pay a $40 million penalty after pleading guilty to seven federal charges in an illegal ocean pollution case that involved one ship's use of a so-called magic pipe to divert oily waste into the waters, authorities said Thursday. A plea agreement filed in federal court also requires Carnival Corp., parent company of the Princess...

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges of polluting the seas and trying to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. Shares of Carnival, the world's largest cruise operator, were down 1.8 percent at $50.50 in late-morning trading on the New...

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges of polluting the seas and trying to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. U.S. investigators began to probe the ship's actions after a whistle-blower engineer reported an illegal dump off the coast...

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges over deliberate pollution and an intentional cover-up and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday.

  • SAYS PRINCESS CRUISE LINES TO PAY RECORD $40 MLN CRIMINAL PENALTY FOR DELIBERATE VESSEL POLLUTION- JUSTICE DEPT.

  • JUSTICE DEPT SAYS CARNIVAL CORP'S PRINCESS CRUISE LINES TO PLEAD GUILTY TO SEVEN FELONY CHARGES OVER DELIBERATE POLLUTION AND COVER-UP.

  • Wynn Resorts announced Wednesday it would begin charging for valet services, a day after Caesars Entertainment Corp. said it would begin phasing out free parking at eight of its nine properties starting next month. Caesars Entertainment, citing guest reports of scarce parking, said it will start charging for valet services at the Linq and Harrah's next month.

  • Santa clause sleeping in an airplane seat

    A look at the top 15 domestic and international destinations where many Americans will be headed for the winter holidays this year.

  • SHANGHAI, Nov 26- Police in central China have arrested 94 members of a $72 billion cross-border gambling ring whose activities stretched into Southeast Asia, the official Xinhua news agency reported on Saturday, citing police. Police in Jincheng city in Shanxi province arrested members of the gang that illegally brought more than 400 gamblers across to Laos...

  • Hong Kong Disneyland is a tourism play: Strategist

    Disneyland's $1.4 billion upgrade in Hong Kong is a tourism booster, says Jonathan Galaviz at Global Market Advisors.

  • The Hong Kong resort also faces competition from other theme park operators fighting for mainland Chinese visitors, including Dalian Wanda, which plans to spend billions of dollars to launch at least 20 tourism parks in China. The Hong Kong resort will add Frozen and Marvel themed areas-- attractions that it hopes can help differentiate it from other parks...

  • *Chinese 2016 nightly stay at Louvre Hotels up 8-10 pct. Roulot, who oversees state-owned Jin Jiang's expansion in Europe, said the close ties with China enjoyed by Louvre Hotels had helped it to weather an overall decline in Chinese visitors to France in 2016 due to security fears. Louvre Hotels, which is the number two for budget hotels in Europe after France's...

  • HONG KONG, Nov 20- Japan's private equity industry, held back by decades of pitiful economic growth and a hostile corporate culture, could see a flurry of activity, with several funds raising capital for deals encouraged by governance reforms and demographic shifts. Japan's private equity market is small relative to its economy, which ranks third behind the...