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Travel Hotels, Restaurants and Leisure

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  • July 30- Starwood Hotels& Resorts Worldwide Inc has reached out to potential bidders, including InterContinental Hotels Group Plc and Wyndham Worldwide Corp, after deciding to explore a sale, according to people familiar with the matter. Starwood and Wyndham declined to comment. Starwood's advisors began enquiries with potential suitors for the Stamford,...

  • July 30- Starwood Hotels& Resorts Worldwide Inc has reached out to potential bidders including InterContinental Hotels Group Plc and Wyndham Worldwide Corp after it decided to explore a sale, according to people familiar with the matter. Intercontinental and Wyndham declined to comment. A tie-up between Intercontinental and Starwood could take the form of...

  • July 30- Starwood Hotels& Resorts Worldwide Inc, the owner of the Sheraton and Westin hotel chains, reported an 11 percent fall in quarterly profit, hurt by a charge and the strong dollar, and trimmed its 2015 profit forecast. In contrast, Marriott International Inc and Hilton Worldwide Holdings Inc, which get most of their revenue from the United States, have raised...

  • Starwood Hotels quarterly profit falls 11 pct Thursday, 30 Jul 2015 | 7:17 AM ET

    July 30- Hotel operator Starwood Hotels& Resorts Worldwide Inc reported an 11 percent fall in quarterly profit, hurt by a stronger dollar. Net profit attributable to Starwood fell to $136 million, or 79 cents per share, in the second quarter ended June 30 from $153 million, or 80 cents per share, a year earlier. Excluding items, the company earned 84 cents per share.

  • STAMFORD, Conn.— Shares of hotel operators Starwood Hotels& Resorts and InterContinental Hotels Group rose in early trading Thursday on reports the companies were talking about a possible merger, but slumped when InterContinental Hotels said that wasn't true. InterContinental Hotels, the owner of the Holiday Inn chain, said it is not in talks with Starwood...

  • Host Hotels reports 2Q results Thursday, 30 Jul 2015 | 6:15 AM ET

    The average estimate of 12 analysts surveyed by Zacks Investment Research was for funds from operations of 45 cents per share. Eight analysts surveyed by Zacks expected $1.47 billion. Host Hotels expects full-year funds from operations in the range of $1.52 to $1.55 per share.

  • Whole Foods plunges 10% after results disappoint Wednesday, 29 Jul 2015 | 4:52 PM ET
    A Whole Foods Market in Oklahoma City, Oklahoma.

    Whole Foods reported quarterly earnings and revenue that missed analysts' expectations on Wednesday.

  • Choice Hotels beats Street 2Q forecasts Wednesday, 29 Jul 2015 | 8:21 AM ET

    ROCKVILLE, Md. _ Choice Hotels International Inc. on Wednesday reported second-quarter profit of $35.8 million. Choice Hotels expects full-year earnings to be $2.18 to $2.22 per share. Choice Hotels shares have fallen roughly 7 percent since the beginning of the year.

  • July 29- Hilton Worldwide Holdings, the owner of Waldorf Astoria and Conrad hotel chains, raised its full-year profit forecast as improvement in the U.S. economy boosts occupancy and room rates. Hilton, which gets about three-quarters of its revenue from the United States, raised its profit forecast for 2015 to 80- 84 cents per share from 79- 83 cents.

  • Hotel chain operator Hilton's revenue rises 9.6 pct Wednesday, 29 Jul 2015 | 6:17 AM ET

    July 29- Hotel chain operator Hilton Worldwide Holdings Inc reported a 9.6 pct rise in quarterly revenue, helped by higher room rates and occupancy. However, net income attributable to the company's shareholders fell to $161 million, or 16 cents per share, in the quarter ended June 30 from $209 million, or 21 cents per share, a year earlier. Revenue rose to $2.92...

  • Panera shares jump on report of Q3 sales uptick Tuesday, 28 Jul 2015 | 5:20 PM ET

    ST. LOUIS— Panera Bread Co. shares jumped in extended trading Tuesday after the restaurant chain reported an uptick in sales in recent days. Panera also reported Tuesday that it earned $41.9 million, or $1.60 per share, for its second quarter. That fell short of market forecasts; analysts surveyed by Zacks Investment Research, on average, were anticipating...

  • Bravo Brio tops 2Q profit forecasts Tuesday, 28 Jul 2015 | 5:07 PM ET

    COLUMBUS, Ohio _ Bravo Brio Restaurant Group Inc. on Tuesday reported second-quarter profit of $3.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Three analysts surveyed by Zacks expected $110.7 million.

  • Pool fire at The Cosmopolitan fueled by fake palm trees Tuesday, 28 Jul 2015 | 10:27 AM ET

    LAS VEGAS— Fake palm trees and high winds fueled a poolside fire on a rooftop at The Cosmopolitan hotel-casino on the Las Vegas Strip over the weekend, fire officials say. The blaze on Saturday sent guests running and plumes of black smoke billowing from the scene. Clark County Battalion Chief Leo Durkin said the trees were made from foam that has become a common...

  • Hot luxury hotel trends Tuesday, 28 Jul 2015 | 7:32 AM ET
    Hot luxury hotel trends

    Herve Humler, Ritz-Carlton COO, discusses Ritz-Carlton topping JD Power guest satisfaction list, and weighs in on the building boom in luxury hotels. Humler also comments on the pulse of luxury spending in China.

  • ATLANTIC CITY, N.J.— A professional poker player has sued a casino that claimed he won $9.6 million by cheating at baccarat, alleging it knew about defects in the cards and then destroyed evidence. Phil Ivey and his co-defendant, Cheng Yin Sun, filed a countersuit last week against the Borgata Hotel Casino& Spa, which sued the pair last year. They demand unspecified...

  • *Burger King comp sales up 6.7 pct; Tim Hortons' 5.5 pct. July 27- Restaurant Brands International Inc, formed out of Burger King's takeover of Canadian coffee chain Tim Hortons last year, reported a better-than-expected quarterly profit as new menu items helped attract customers. "I think has been more innovative with their new product offerings than McDonald's...

  • July 27- Puerto Rico may sport palm trees, pristine beaches and glorious weather but its tourism industry is losing out to rival Caribbean islands- and that is holding the U.S. territory back at a time when its deeply troubled economy most needs a fillip. Rick Newman, who owns and operates the Verdanza Hotel in the popular beachside tourist strip of Isla Verde, says...

  • July 27- Restaurant Brands International Inc, formed out of Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons last year, reported a better-than-expected quarterly profit on strong sales of its newly launched menu items. The two chains are managed separately under parent Restaurant Brands. Restaurant Brands opened 52 net new Tim...

  • NEW YORK— New York's Wage Board on Monday finalized its recommendation endorsing a $15 minimum wage for fast-food workers in chain restaurants. It would be phased in over three years in New York City and six years elsewhere. The first phase of the increase would take effect on Dec. 31, when the minimum wage for affected workers would go from $8.75 to $10.50 in New...

  • One of these chains could be the next Chipotle Saturday, 25 Jul 2015 | 11:00 AM ET
    Protein Bar's Guac & Roll.

    PrivCo recently released a new report about five chains that could be the next fast casual hit.