×

Travel Hotels Resorts and Cruise Lines

  • "RevPAR exceeded our expectations in North America and Europe due to stronger group attendance and higher-rated business transient demand," Chief Executive Arne Sorenson said in a statement. Net income rose to $365 million, or 94 cents per share, in the quarter, from $219 million, or 85 cents per share, a year earlier. On an adjusted basis, the company earned $1.01 per...

  • May 8- Marriott International Inc, the world's largest hotel chain, reported a nearly 67 percent rise in its quarterly profit as more people booked its rooms at higher rates. Net income rose to $365 million, or 94 cents per share, in the first quarter ended March 31, from $219 million, or 85 cents per share, a year earlier. Regis luxury hotel brands, rose 47.4 percent to...

  • Shoppers look at 'lucky bags' containing luxury watches displayed outside a store on January 1, 2016 in Tokyo, Japan.

    There’s no cheap date in Zurich and running costs an arm and a leg in Copenhagen. If that gets you down, move to Wellington.

  • Airbnb app

    Airbnb is aiming to boost its Japan presence as part of its China expansion, said Parin Mehta, director of the host and homes business.

  • Airbnb is getting into family users, helping communities and boosting off-the-beaten-track tourism, says Parin Mehta.

  • "32,000 properties use Sabre's reservation system, so the attackers were able to penetrate a single system and potentially access 32,000 additional targets," said Jeff Hill, Director of Product Management, Prevalent, which manages third-party risk. InterContinental Hotels Group Plc said last month 1,200 of its franchised hotels in the United States,...

  • May 3- Saber Corp said on Tuesday there had been a breach in its hospitality unit's hotel reservation system and had hired FireEye Inc's Mandiant forensics division to probe the incident. InterContinental Hotels Group Plc said last month 1,200 of its franchised hotels in the United States, including Holiday Inn and Crowne Plaza, were victims of a three-month...

  • PARIS, May 3- AccorHotels faces a battle at its annual shareholder meeting on Friday as a group of investors tries to block the granting of double voting rights to some long-term shareholders. Europe's largest hotel group has seen some big changes in its shareholder base recently, with investors from China, Saudi Arabia and Qatar now holding a combined 29...

  • The iconic Emirates Towers dominate the skyline beside the wide boulevard of Sheikh Zayed Road on December 3, 2007 in Dubai, United Arab Emirates.

    President Trump’s travel ban and the “drastic changes” his administration has introduced has hurt business at H’Mark Hospitality, says its CEO.

  • Cramer Remix: Why you shouldn’t base your investments off Trump’s erratic behavior

    Jim Cramer provided his investing strategies during times of uncertainty created by President Donald Trump.

  • Jim Cramer

    Jim Cramer provided his investing strategies during times of uncertainty created by President Donald Trump.

  • *Q1 adj. profit 38 cents/ shr vs est 28 cents. Hilton, like its hotel industry peers, is expected to benefit from an uptick in corporate demand, as companies spend more based on improved business sentiment following Donald Trump's election as president in November. Hilton, the owner of the Conrad and Double Tree hotel chains, said it now expects 2017 earnings of $1.73-...

  • Hilton, which owns the Conrad and Double Tree hotels, said it now expects 2017 earnings of $1.73- $1.81 per share, up from a prior forecast of $1.65- $1.75 per share. Net income attributable to Hilton stockholders was $74 million, or 22 cents per share, in the quarter. The company's net income in the year-ago quarter was $309 million, or 94 cents per share, reflecting $119...

  • Royal Caribbean CEO: So many markets are lining up in a positive way

    Royal Caribbean Chairman & CEO Richard Fain discusses the cruise operator's quarterly earnings, share buybacks and the company's outlook for China.

  • April 20- Blackstone Group LP, the largest manager of private equity and real estate assets, reported a bigger-than-expected jump in quarterly earnings on Thursday after the Wall Street rally helped it realize record proceeds from sales of its holdings. "I don't know what the Trump administration policies really are, or what will happen in Washington,"...

  • Blackstone, whose co-founder and chief executive Stephen Schwarzman is an economic adviser to Trump and chairs his strategic and policy forum, said the sale of assets for top dollar allowed it to pay its second highest quarterly dividend ever, equivalent to 87 cents per common unit. "In total, we will have distributed nearly $14 per common unit of value since the...

  • WASHINGTON, April 19- Princess Cruise Lines Ltd, a unit of Carnival Corp, was sentenced on Wednesday to pay $40 million for illegal dumping of oil contaminated waste and falsification of records to conceal the discharges, the U.S. Justice Department said in a statement. The penalty, imposed by U.S. District Judge Patricia Seitz in Miami, is the largest-ever for...

  • TORONTO, April 19- Global hotel chain InterContinental Hotels Group Plc said 1,200 of its franchised hotels in the United States, including Holiday Inn and Crowne Plaza, were victims of a three-month cyber attack that sought to steal customer payment card data. The company declined to say how many payment cards were stolen in the attack, the latest in a hacking...

  • PARIS, April 19- AccorHotels said on Wednesday its board opposed an attempt by a group of shareholders to scrap the granting of any further double voting rights to long-term investors. A group of 14 investors accounting for 2.3 percent of the capital of Europe's largest hotel group and led by PhiTrust, a Paris- based investment firm, have put forward a resolution...

  • TORONTO, April 19- Global hotel chain InterContinental Hotels Group Plc said a third of its franchised properties in the United States were hit late last year by malware that can steal guests' credit card information. Some 1,200 U.S.-based franchised properties and one hotel in Puerto Rico were affected between September 29 and December 29, spokesman Neil...