Resorts World Casino bus driver James Honorat swerved to avoid the Toyota sedan and sheared off part of a three-story building in Queens on Monday afternoon, officials said. A vacate order has been issued for the building, which housed a mortgage services company, a law office and two residential apartments, said Buildings Department spokesman Alexander...» Read More
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.
Jonathan Galaviz, partner at Global Market Advisors, says the opening of a Nobu Hotel in the City of Dreams Manila is a great idea, but in the long run, the brand management of Nobu will be key.
Lawrence Ho, CEO and chairman of Melco International and James Packer, chairman of Crown Resorts, outline their expectations for when the City of Dreams Manila could become profitable.
NEW DELHI, May 14- India's Supreme Court has deferred a decision on media-to-hotels group Sahara's bid to obtain bail for its boss, jailed more than a year ago in a long-running dispute over illegal bonds. India's capital market regulator and the court have estimated that Sahara owes as much as $7 billion to the bond investors. The Supreme Court has previously...
*Investors have also been concerned that Greece could run out of cash. Euro zone finance ministers, who met on Monday, acknowledged progress in talks between Greece and its creditors but said more work was needed to close a cash-for-reforms deal. *AOL shares jump 18.1 percent to $50.29 after Verizon made an offer to buy the company for $4.4 billion.
PARIS, May 11- Accor, Europe's largest hotel group, said on Monday it had sealed a deal to open a luxury hotel in Cuba, the 518- room Pullman Cayo Coco, near the Caribbean island's international airport. Accor, which has been operating in Cuba for nearly 20 years, already manages two mid-scale Mercure hotels there, the 178- room Mercure Sevilla Havana in Habana Vieja...
May 5- Guests checking into a hotel run by one of the top chains in the United States can expect to pay 5 percent more this year than last as a brighter economy pushes occupancy to record highs. Hyatt Hotels Corp on Tuesday joined Hilton Worldwide Holdings Inc, Marriott International Inc and Starwood Hotels& Resorts Worldwide Inc in forecasting that group...
Sky-high ticket prices and hotel room rates are starting to come down, though they remain inflated beyond anything Vegas has ever seen.
Arne Sorenson, Marriott CEO, discusses the state of international travel to the U.S., and whether Starwood should get bought.
April 29- Starwood Hotels& Resorts Worldwide Inc said it was exploring strategic and financial alternatives and "no option is off the table." Starwood said on Wednesday it had retained Lazard to assist in exploring alternatives. Net income attributable to Starwood fell to $99 million, or 58 cents per share, in the first quarter ended March 31 from $137 million, or 72...
April 29- Starwood Hotels& Resorts Worldwide Inc said it was exploring strategic and financial alternatives and "no option is off the table." Regis and Sheraton hotel brands, rose 6 percent to $86 in premarket trading on Wednesday. The company, which has a market value of about $14 billion, said it had retained Lazard to assist in the process.