*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
June 18- Investment adviser Mitch Tuchman scored a deal any traveler would be proud of: $280 a night for a recent stay at the luxurious Viceroy Hotel in Manhattan, where the going rate can exceed more than $500 on a weeknight. "I can understand a 20 percent, 30 percent increase, but we're talking about 2-1/ 2 times more money just to stay in my room," said Tuchman, managing...
June 16- Tracinda Corp, the holding company founded by Kirk Kerkorian, said the billionaire's will requires the company to dispose of its stake in casino operator MGM Resorts International. Based on MGM Resorts' 563 million shares outstanding as of May 5, the stake was worth $1.75 billion as of Monday. Kerkorian, who founded MGM Resorts and was its largest...
LONDON, June 15- Britain's Thomas Cook, the world's oldest tour operator brand, has joined forces with Fosun International in China to tap into the booming travel market there. Thomas Cook said it was setting up a joint venture with Fosun, which owns 5 percent of the British firm, to better compete in a rapidly growing market in China for travel, both domestic and...
David Dingle, chairman of Carnival U.K., explains the concept behind Carnival's new product: A "do-good" cruise, where passengers volunteer while cruising around the world.
Netflix and Marriott Hotels team up to offer Netflix on the TVs in hotel rooms.
This episode of "First Class" features Singapore-based architect Soo K. Chan who drew inspiration from Bali to create his luxury resort, Alila Villas Soori.
From overlooking an elephant sanctuary to vacationing in a villa designed by Michelangelo, Airbnb has unique offerings for luxury-seekers.
NEW YORK, June 4- The U.S. hotel industry is on a roll, enjoying its best performance since the booming 1990 s, but New York City has come off the boil, suggesting higher occupancy and room rates may have peaked in the No. 1 American tourism destination. Before the financial crisis New York had a supply deficit, keeping hotel rates and occupancies in Manhattan high, said...
Carnival us adding a new cruise line, one that caters to travelers with social consciences.
Last-minute hotel patrons willing to take their chances are getting discounted accommodations at luxury hotels thanks to a mobile app dubbed "One Night Standard."
Despite its global expansion plans, Guy Heywood, COO of Alila Hotels and Resorts, says it is important for the boutique hotel group to stay "smallish and intimate."
CNBC's Eunice Yoon reports from China's Hubei province where a search and rescue operation is underway on a section of the Yangtze river.
Divers on Tuesday pulled three people alive from inside an overturned cruise ship and searched for other survivors.
Jonathan Tisch, Loews Hotel, discusses the state of hospitality in an exclusive interview with CNBC's Simon Hobbs.
Sales volume was up 81 percent to $13.3 billion in the first four months of the year in the Americas, driven by U.S. deals, according to Jones Lang LaSalle. The notion of an overheating market is not merited, a bevy of speakers at New York University's International Hospitality Industry Investment Conference said on Monday. We would say no, "said Jonathan Gray, global...
CEO Christopher Nassetta says Hilton Worldwide is seriously considering spinning off its $13 billion in properties into a real estate investment trust.
Retailers Walgreen Co and Payless Shoesource Inc, and hotel chain group Choice Hotels International Inc on Tuesday followed the lead of General Mills Inc in removing their ads from the program. "We share your concerns and we have decided to remove our advertising from the show," said Choice Hotels, which runs Comfort Inn and Econo Lodge chains, among others.
Stephanie Chai, founder and CEO of TheLuxeNomad, says the Singapore-based travel start-up curates the luxury villa market to offer a different experience for travelers.
Dollar strength could put a dent in hotel profits if foreign travelers rule out a U.S. trip, Jonathan Tisch tells CNBC.
A Norwegian Cruise Line ship ran aground on a reef after leaving Bermuda but no one was injured and the vessel was later floated off at high tide.