×

Travel Hotels, Restaurants and Leisure

  • Checking in with Choice Hotels

    Steve Joyce, Choice Hotels International president & CEO, discusses the company's outlook going forward and his views on the Trump administration's ability to help promote the travel industry.

  • *Q4 adj profit of $0.08/ shr vs est. "We are guiding to a range of 2-3 percent for the next year, slightly lower than previous guidance of 3 percent," Chief Financial Officer Gunther Plosch said at Wendy's investor day. Chief Executive Todd Penegor said in August he was confident that Wendy's would grow at its long-term guidance of about 3 percent.

  • The Chicago company, which also runs the Andaz hotel brand, reported fourth-quarter net income of $41 million, or 31 cents per share, in the last three months of 2016. Adjusted earnings came to 29 cents per share, beating the 24 cents per share analysts expected, according to Zacks Investment Research. Shares of Hyatt Hotels Corp. were unchanged before the stock...

  • The company also set a new $150 million share repurchase program and raised its quarterly dividend to 7 cents per share from 6.5 cents. However, Wendy's net income fell to $28.9 million, or 11 cents per share, from $85.9 million, or 31 cents per share, a year earlier, due to a sharp decline in net investment income. Excluding items, the company earned 8 cents per share, 1...

  • However, the company's net income fell to $28.9 million, or 11 cents per share, for the fourth quarter ended Jan. 1 from $85.9 million, or 31 cents per share, a year earlier. Revenue fell 33 percent to $309.9 million, mainly due to fewer company-owned restaurants in the quarter. Analysts on average had expected an adjusted profit of 8 cents per share and revenue of...

  • Fine restaurants in New York, San Francisco and the nation's capital closed for the day. Grocery stores, food trucks, coffee shops, diners and taco joints in places like Chicago, Los Angeles and Boston shut down. I don't know if my mom will make it home, "said Hessel Duarte, a 17- year-old native of Honduras who lives in Austin, Texas, with his family and skipped class at his...

  • Andrew Puzder, CEO of the company that owns Carl's Jr. and Hardee's, on Wednesday withdrew his nomination to head the Labor Department, which is charged with protecting workers' rights and welfare. Although the wage increases many restaurant operators have dealt with were enacted at the state or local level, Obama's Labor Secretary's Tom Perez had been a...

  • ROCKVILLE, Md. _ Choice Hotels International Inc. on Wednesday reported fourth-quarter net income of $31.8 million. Choice Hotels expects full-year earnings to be $2.78 to $2.84 per share. Choice Hotels shares have risen 3 percent since the beginning of the year.

  • *Hilton forecasts 2017 adj profit of $1.65- $1.75/ share. The hotel operator said it expected adjusted earnings between $1.65 and $1.75 per share. Analysts on average had estimated earnings of $1.75 per share in 2017, according to Thomson Reuters I/B/E/S.

  • SPARTANBURG, S.C. _ Denny's Corp. on Wednesday reported fourth-quarter net income of $11.3 million. Denny's expects full-year revenue in the range of $523 million to $532 million. Denny's shares have fallen 4 percent since the beginning of the year.

  • Marriott beats on top & bottom lines

    Earnings are out for Marriott. CNBC's Susan Li reports the details.

  • *Forecasts 2017 adj profit of $1.65- $1.75/ share. The hotel operator said it expected adjusted earnings between $1.65 and $1.75 per share. Analysts on average had estimated earnings of $1.75 per share in 2017, according to Thomson Reuters I/B/E/S.

  • WASHINGTON— Americans increased their spending at gasoline stations and restaurants in January, boosting retail sales even though auto buying fell. Retail sales rose a seasonally adjusted 0.4 percent, down from a solid 1 percent gain in December, the Commerce Department said Wednesday. Gasoline prices climbed 7.8 percent between January and December,...

  • Hilton, which gets more than three quarters of its revenue from the United States, reaffirmed its 1-3 percent growth in RevPAR in 2017 and said it expects adjusted earnings between $1.65 and $1.75 per share. Analysts on average had expected Hilton to earn $1.75 per share in 2017.. Net loss attributable to Hilton stockholders was $387 million, or $1.17 per share, in...

  • Tourism in the Middle East

    Haitham Mattar, CEO of the Ras Al Khaimah Tourism Development Authority in the United States, discusses the tourism industry in the Middle East.

  • CHICAGO _ Potbelly Corp. on Tuesday reported fourth-quarter profit of $2 million. On a per-share basis, the Chicago- based company said it had net income of 8 cents. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

  • Wining and dining your loved one on February 14 in one of London's most exclusive restaurants.

  • *Mulls selling holidays to customers from S. Europe, China. BERLIN, Feb 14- European travel and tourism company TUI said it aims to start offering holidays to customers from countries such as China, India, Spain and Italy as it seeks new ways to keep its hotels full. "This is also true for China, Southeast Asia...

  • Hooters Management Corp., a licensee of Hooters of America, says it opened a restaurant Monday that doesn't feature waitresses in tight tops. Neil Kiefer, CEO of Hooters Management Corp., says the restaurant in Cicero, Illinois, is a test and it will serve only about a dozen menu items, including chicken wings. The move comes as the restaurant industry faces flat...

  • *Q4 adj profit of $0.44/ shr vs est of $0.42/ shr. *Tim Horton comp sales rise 0.2 pct vs est 1.1 pct. Feb 13- Restaurant Brands International Inc, the owner of Burger King and Tim Hortons, reported a higher-than-expected quarterly profit as comparable sales at its burger chain topped estimates and costs fell.