*Raises FY profit to $4.65- $4.75/ shr from $4.45- $4.65/ shr. Royal Caribbean, the world's second-largest cruise operator by revenue, is more focused in the Caribbean, which accounts for nearly half of its total capacity. Royal Caribbean was seeing the fastest growth in the Asia Pacific region, particularly in China, where more than 95 percent of the cruises were...» Read More
July 30- Starwood Hotels& Resorts Worldwide Inc has reached out to potential bidders including InterContinental Hotels Group Plc and Wyndham Worldwide Corp after it decided to explore a sale, according to people familiar with the matter. Intercontinental and Wyndham declined to comment. A tie-up between Intercontinental and Starwood could take the form of...
Discussing challenges facing the lodging industry, with Wayne Goldberg, La Quinta CEO. Goldberg says competition makes his company better, and is not in takeover talks.
July 30- Starwood Hotels& Resorts Worldwide Inc, the owner of the Sheraton and Westin hotel chains, reported an 11 percent fall in quarterly profit, hurt by a charge and the strong dollar, and trimmed its 2015 profit forecast. In contrast, Marriott International Inc and Hilton Worldwide Holdings Inc, which get most of their revenue from the United States, have raised...
CHARLOTTE, N.C. _ Extended Stay America Inc. on Thursday reported second-quarter profit of $58 million. Extended Stay America expects full-year revenue in the range of $1.28 billion to $1.3 billion. Extended Stay America shares have dropped nearly 6 percent since the beginning of the year.
July 30- Hotel operator Starwood Hotels& Resorts Worldwide Inc reported an 11 percent fall in quarterly profit, hurt by a stronger dollar. Net profit attributable to Starwood fell to $136 million, or 79 cents per share, in the second quarter ended June 30 from $153 million, or 80 cents per share, a year earlier. Excluding items, the company earned 84 cents per share.
STAMFORD, Conn.— Shares of hotel operators Starwood Hotels& Resorts and InterContinental Hotels Group rose in early trading Thursday on reports the companies were talking about a possible merger, but slumped when InterContinental Hotels said that wasn't true. InterContinental Hotels, the owner of the Holiday Inn chain, said it is not in talks with Starwood...
The average estimate of 12 analysts surveyed by Zacks Investment Research was for funds from operations of 45 cents per share. Eight analysts surveyed by Zacks expected $1.47 billion. Host Hotels expects full-year funds from operations in the range of $1.52 to $1.55 per share.
BETHESDA, Md.— Marriott International Inc. on Wednesday reported second-quarter earnings of $240 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share. Six analysts surveyed by Zacks expected $3.72 billion.
Hilton Worldwide raises its full-year profit forecasts despite a profit slide in the current quarter.
ROCKVILLE, Md. _ Choice Hotels International Inc. on Wednesday reported second-quarter profit of $35.8 million. Choice Hotels expects full-year earnings to be $2.18 to $2.22 per share. Choice Hotels shares have fallen roughly 7 percent since the beginning of the year.
July 29- Hilton Worldwide Holdings, the owner of Waldorf Astoria and Conrad hotel chains, raised its full-year profit forecast as improvement in the U.S. economy boosts occupancy and room rates. Hilton, which gets about three-quarters of its revenue from the United States, raised its profit forecast for 2015 to 80- 84 cents per share from 79- 83 cents.
July 29- Hotel chain operator Hilton Worldwide Holdings Inc reported a 9.6 pct rise in quarterly revenue, helped by higher room rates and occupancy. However, net income attributable to the company's shareholders fell to $161 million, or 16 cents per share, in the quarter ended June 30 from $209 million, or 21 cents per share, a year earlier. Revenue rose to $2.92...
July 27- Puerto Rico may sport palm trees, pristine beaches and glorious weather but its tourism industry is losing out to rival Caribbean islands- and that is holding the U.S. territory back at a time when its deeply troubled economy most needs a fillip. Rick Newman, who owns and operates the Verdanza Hotel in the popular beachside tourist strip of Isla Verde, says...
Panos Paleologos, founder and CEO of HotelBrain, claims that tourism has picked up since early July and luxury hotels in Athens have plenty of bookings.
Why stay in a hotel or condo when you could stay in a ... Here are 10 of the most exotic, unusual, Airbnb rental options.
Apart from earning $16 million before taxes and interest each year, the acquisition of Perisher offers a "terrific connection" between the resorts in Australia and the U.S., says Rob Katz, CEO of Vail Resorts.
MILWAUKEE _ Marcus Corp. on Thursday reported fiscal fourth-quarter profit of $3.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. Three analysts surveyed by Zacks expected $116.9 million.
*Nidec jumps 10 pct on strong April-June results. *Komatsu, Hitachi Construction Machinery fall before Caterpillar's earnings. TOKYO, July 23- Japan's Nikkei share average rose on Thursday morning on domestic earnings optimism after electric motor maker Nidec Corp reported strong quarterly results.
KINGSTON, Jamaica— A fire broke out on a Royal Caribbean cruise ship Wednesday as it approached Jamaica, burning one crew member and causing passengers to be sent to evacuation stations with life jackets. Royal Caribbean International said fire suppression equipment quickly doused the blaze in a mechanical area of the Freedom of the Seas as it arrived at the...
NEW YORK— AMC Entertainment Holdings, the second-largest movie theater chain in the U.S., says president and CEO Gerry Lopez will leave the company in August. Class A shares of AMC Entertainment Holdings Inc. dropped $1.01, or 3.1 percent, to $31.89 Tuesday. AMC Entertainment Holdings Inc. has 347 movie theaters with almost 5,000 screens in the U.S. and Canada.