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Travel Hotels Resorts and Cruise Lines


  • MGM also said it would consider the investment manager's plan to nominate four candidates to its board, including founder Jonathan Litt. MGM operates destination resorts such as the Bellagio, MGM Grand and the Mirage. Land and Buildings', which owns a 0.8 percent stake in MGM, said it expected MGM's net asset value to rise to $55 per share from $33 after the...

  • Full steam ahead for Asia’s cruise industry Wednesday, 18 Mar 2015 | 3:08 AM ET
    The international luxury liner Costa Romantica arrives at the Tianjin International Cruise Homeport in China.

    Following years of double-digit growth, Asia's cruise industry is set for a "record-breaking year" in 2015, thanks to booming demand from Chinese holidaymakers, a new report shows.

  • Guess who's the growth driver of Asia's cruise market? Tuesday, 17 Mar 2015 | 9:44 PM ET
    Guess who's leading growth in Asia's cruise market?

    Adam Goldstein, chairman of the Cruise Lines International Association, says Chinese travelers are spearheading the double-digit growth in Asia's cruise industry.

  • Why Vail beat Street despite FX headwinds: CEO Thursday, 12 Mar 2015 | 11:27 AM ET
    Rob Katz, Vail Resorts CEO

    Vail Resorts CEO Rob Katz explains why the company beat analysts earnings expectations despite recent currency headwinds.

  • MIAMI, March 11- The former chief executive of Norwegian Cruise Line Holdings Ltd sued Richard Branson's Virgin Group in federal court in Miami for $300 million on Wednesday over plans by the British billionaire to launch his own luxury cruise line. Virgin Group announced the Bain Capital- backed cruise line project last December. As CEO of the new Virgin...

  • Hotel investors battle for yield as sector heats up Sunday, 8 Mar 2015 | 5:00 AM ET

    *Report predicts $68 bln in hotel real estate deals in 2015. BERLIN, March 8- Investors are expected to pump more money into buying, converting or building hotels in 2015 than in any year since the start of the global financial crisis, with a focus on budget and' buzz'. "It's not about people loving hotels, it's about investors searching for a return on their money which...

  • BOSTON, March 5- Hotel operator Mandarin Oriental International Ltd said on Thursday that it was the victim of a cyberattack and that it found malicious software on credit card systems at "an isolated number" of hotels in the United States and Europe. The company said in a statement on its website that it was working with credit card companies, law enforcement and...

  • What Marriott hopes to achieve with new brands Sunday, 22 Feb 2015 | 6:42 PM ET
    What Marriott hopes to achieve with new brands

    Simon Cooper, president & managing director for Asia Pacific at Marriott International, discusses how its new hotel brands like Edition and Autograph Collection fit into its growth strategy.

  • Marriott: 'Asia-Pacific is a good growth story' Sunday, 22 Feb 2015 | 6:37 PM ET
    Marriott: 'Asia-Pacific is a good growth story'

    With robust demand mainly coming from Chinese travelers, the firm is focused on growing its pipeline in Asia, says Simon Cooper, president & managing director for Asia Pacific at Marriott International.

  • Will the Waldorf become NYC's hot new address? Thursday, 19 Feb 2015 | 11:52 PM ET

    All those pining after childhood stories of "the tippy-top floor" of New York's Plaza Hotel might soon get to recreate it a few blocks away at the Waldorf.

  • Starwood founder: CEO switch addressed THIS concern Thursday, 19 Feb 2015 | 8:48 AM ET
    Barry Sternlicht

    Starwood Hotels founder Barry Sternlicht says the CEO change at the international hotel chain reflected a concern about lagging innovation.

  • Accor CEO: Expect ups and downs Wednesday, 18 Feb 2015 | 4:20 AM ET
    Accor CEO: Expect ups and downs

    Accor posted record net profit for 2014, thanks to cost-cutting and restructuring. CNBC's Stephane Pedrazzi talks to CEO Sébastien Bazin.

  • Visit the London Cone! China renames UK landmarks Monday, 16 Feb 2015 | 10:05 AM ET
    London Shard

    Do you think “Garden of fashion” whenever you hear about London’s stylish Shoreditch? One community does, and has now renamed U.K.’s iconic treasures.

  • In Splitsville? Try checking into the Divorce Hotel Wednesday, 11 Feb 2015 | 3:00 PM ET
    Gideon Putnam Resort

    Enter married, leave with a quickie divorce at a resort and spa in this New York town. The New York Post reports.

  • Why Carnival is betting big on China Tuesday, 3 Feb 2015 | 7:31 PM ET
    Why Carnival is betting big on China

    Arnold Donald, president & CEO of Carnival, expects the mainland to overtake the U.S. and Europe in becoming the largest cruising market in the world soon.

  • Carnival 'docks' at the Super Bowl Friday, 30 Jan 2015 | 10:46 AM ET
    Carnival 'docks' at the Super Bowl

    Arnold Donald, CEO, Carnival Corporation, talks about the company's plans for Super Bowl advertising and how he believes it will impact his business.

  • RCL CEO: Terrific 2014 Thursday, 29 Jan 2015 | 3:15 PM ET
    RCL CEO: Terrific 2014

    Royal Caribbean CEO Richard Fain expects a robust outlook and record revenues for the rest of the year.

  • China's middle class to surpass US population: CEO Thursday, 29 Jan 2015 | 3:15 PM ET
    China's middle class to surpass US population: CEO

    Royal Caribbean CEO Richard Fain says business is booming in China, with the country's middle class to surpass the entire U.S. population fairly soon.

  • Royal Caribbean's quarterly revenue falls 2 pct Thursday, 29 Jan 2015 | 10:59 AM ET
    The Quantum of the Seas sails into New York Harbor.

    Cruise operator Royal Caribbean Cruises' quarterly revenue fell 2 percent due to weak pricing in Caribbean, its biggest market.

  • Davos 2015: The future of IHG Tuesday, 20 Jan 2015 | 11:25 AM ET
    Davos 2015: The future of IHG

    At the World Economic Forum, Richard Solomons, CEO of IHG, says trusting a brand is really important within organisations and talks about his company's plans.