Regis luxury hotel brands said it would earn $675 million in stabilized fees from hotel rooms added to its system. Earlier this month, Marriott said it would speed up expansion of its Starwood brand in Europe by 2020.. Marriott bought Starwood for about $12.41 billion in September, adding names such as Sheraton, W and Aloft to create the world's largest hotel...
Clement Kwok, CEO of HSH, addresses the dip in profits amid a difficult operating environment in Hong Kong.
Carnival Cruise CEO Arnold Donald sits down for an exclusive interview from Susan Li at the Seatrade Cruise Global Conference.
BEIJING/ HONG KONG, March 10- After a spending spree stretching from hotels to electronics distribution in 2016, Chinese conglomerate HNA Group says it is now investing in financial services, betting on asset managers and consumer finance for growth at home and overseas. The moves reflect a broader push by China into financial services globally as Beijing...
In a post on its Chinese website, the U.S. cruise operator, one of the world's biggest, said it had changed its China- based cruises to remove visits to popular South Korean resorts because of "recent developments regarding the situation in South Korea". The move makes Royal Caribbean one of the first major travel firms to publicly stop or restrict trips to South...
Ann Sherry, CEO of Carnival Australia, talks about business opportunities created by digital innovation in Australia.
BERLIN, March 6- Hotels group Marriott International is planning to speed up the expansion of brands acquired in the takeover of rival Starwood, and is not ruling out further additions to its portfolio, its chief executive said on Monday. "We are concerned about whether national policies around travel roll out in a way that is harmful to our business and economies,"...
Marriott International CEO Arne Sorenson explains why U.S President Donald Trump's travel ban has not significantly affected his business as yet.
Sean Treacy, MD of Royal Caribbean, talks about the offerings onboard the Ovation of the Seas cruise liner.
Alex Bumazhny of Fitch Ratings says a change in strategy and the improvement in macroeconomic conditions have contributed to Macau's gaming sector recovery.
The Hong Kong government has been urged to renegotiate what critics call an "unfair treaty" with Walt Disney, the SCMP reports.
Feb 24- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel chain, said on Friday it would buy back up to $1 billion of its shares, and that it would change its corporate name to' Hilton Inc', effective March 6. Hilton's board also declared a quarterly dividend of 15 cents per share, payable on March 31. Based on Thursday's closing price of $57.21, Hilton can...
Feb 24- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel chain, said on Friday its board authorized a stock repurchase program of up to $1 billion, and that it would change its corporate name to' Hilton Inc' effective March 6.
Jim Murren, chairman and CEO of MGM Resorts International, talks about the company's plans to enter the casino market in Japan.
Accor CEO Sébastien Bazin discusses his company's latest earnings result and its intention to be "asset light" in the future.
James Allen, chairman of Hard Rock International, says the company is looking into a partnership to enter the gaming market.
Jon Oh, head of gaming at CLSA, says casinos are just a small slice of what the integrated resorts will be offering.
Jon Oh, head of gaming at CLSA, says he expects more than just 1 or 2 casino operators to enter the Japanese market.
SunTrust says Marriott's hotel bookings are not improving significantly, according to its research checks.
PARIS, Feb 21- Former French President Nicolas Sarkozy has been appointed as a director of AccorHotels and will chair its newly created international strategy committee, Europe's largest hotels group said on Tuesday. Sarkozy, who led France for five years from 2007, lost his bid for another presidential term in November after coming third in the primaries of...