The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $367 million, or 49 cents per share, in the period. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 49 cents per share. Host Hotels expects full-year funds from operations in the range of $1.63 to $1.67 per... » Read More
Amid the international buzz surrounding the country's detente with the United States, Cuba received a record 3.5 million visitors in 2015, then set another record for any single month in January 2016, officials said. The influx has pushed capacity to the limit and forced many tourists to scramble for hotel rooms, raising questions about how Cuba will absorb...
Feb 23- InterContinental Hotels Group Plc plans to return $1.5 billion to shareholders through a special dividend and said it felt under no pressure to strike a big deal to respond to moves by rivals. IHG, which runs over 5,000 hotels under brands such as Crowne Plaza, Holiday Inn and InterContinental, already has good exposure to growth areas including luxury...
Richard Solomons, CEO of IHG, discusses the leisure, travel and hotel sector and talks about his company's earnings.
Feb 18- U.S. hotel operators Starwood Hotels& Resorts Worldwide and Marriott International cut their 2016 forecast for a key revenue metric amid fears of slowing global economic growth. Shares of Starwood fell 3.4 percent to $64.65, while Marriott's dropped 4 percent to $64.00. Weakness in the energy and manufacturing industries in the United States also led...
AccorHotels CEO Sébastien Bazin talks about the changing face of the hotel industry.
AccorHotels CEO, Sébastien Bazin discusses recent earnings, the terrorism impact, and its performance in hotel bookings worldwide.
Feb 17- Hotel chain Marriott International Inc reported a 4 percent rise in quarterly revenue, boosted by higher room rates in North America. Net income rose to $202 million, or 77 cents per share, in the fourth quarter ended Dec. 31, from $197 million, or 68 cents per share, a year earlier. Revenue rose to $3.71 billion from $3.56 billion last year.
The Titanic II, a replica of the doomed ship and the ambitious brainchild of Australian billionaire Clive Palmer, is slated to set sail in 2018.
CNBC's Jane Wells reports on gaming expectations in Las Vegas as the year of the monkey begins.
Feb 4- Real estate investment trust Hersha Hospitality Trust said it would sell seven hotels in Manhattan for $571.4 million to a joint venture it is setting up with China's Cindat Capital Management Ltd.. The hotels include the Holiday Inn Express Times Square, the Candlewood Suites Times Square, the Hampton Inn Chelsea and the Holiday Inn Wall Street.
Feb 4- Real estate investment trust Hersha Hospitality Trust said it would sell seven hotels in Manhattan to a joint venture it will set up with China's Cindat Capital Management Ltd for $571.4 million. The hotels include Holiday Inn Express Times Square and Holiday Inn Wall Street. Cindat will hold a 70 percent stake in the joint venture, while Hersha will have a...
The Miami, Florida- based company said it expects first-quarter adjusted earnings of about 30 cents per share, missing the average analyst expectation of 46 cents, according to Thomson Reuters I/B/E/S. The operator of cruise lines such as Royal Caribbean International and Celebrity Cruises said costs related to its expansion in China and the launch of new...
Feb 2- Royal Caribbean Cruises Ltd, the world's second-largest cruise operator by revenue, reported a lower-than-expected rise in quarterly revenue, hurt by a strong dollar. Revenue rose 4.4 percent to $1.90 billion in the fourth quarter, missing the average analyst estimate of $1.96 billion, according to Thomson Reuters I/B/E/S. Net income rose to $206.8...
Richard Solomons, CEO of InterContinental Hotels Group, discusses the industry as the group opens its 5,000th hotel in New York.
A proposed Uber Travel app could soon let users automatically hail a ride as their plane hits the tarmac.
Some people wait until the last minute to book a hotel for New Year's Eve. Hotel Tonight CEO Sam Shank, discusses the availability and the deal strategy for customers.
James Hardiman, Wedbush Securities analyst, provides his outlook on cruise operators, as the sector reaches multi-year highs in 2015.
The "Fast Money" traders give their final trades of the day.
The company announces a malware on computesr used for payment processing
Charlie Osmond, co-founder and "Chief Tease" of Triptease, responds to complaints by Booking.com that Triptease's widget caused damage to their brand and reputation.