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  • Hilton, the world's largest hotel operator by market value, gets more than three quarters of its revenue from the United States. Net income attributable to shareholders rose to $239 million, or 24 cents per share, in the quarter ended June 30 from $161 million, or 16 cents per share, a year earlier. Analysts on average had expected earnings of 26 cents per share on...

  • PARIS, July 27- AccorHotels said on Wednesday it had entered exclusive talks to buy concierge service provider John Paul, further beefing up its response to the challenges of Airbnb. Under the terms of the deal, AccorHotels- the world's fifth-largest hotel group- will acquire 80 percent of John Paul for about $150 million in equity and debt, with the company's...

  • The forecast and weak quarterly sales at domestic McDonald's restaurants sent shares in the world's biggest restaurant company down 4.5 percent to $121.71 and pulled down most of the restaurant sector. The Dow Jones U.S. Restaurants& Bars Index was off 2.2 percent. The world's biggest fast-food chain gets roughly one-third of its revenue and 40 percent of...

  • HUNTINGTON BEACH, Calif. _ BJ's Restaurants Inc. on Tuesday reported second-quarter earnings of $13.8 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. BJ's Restaurants shares have decreased roughly 2 percent since the beginning of the year.

  • The Dow Jones U.S. Restaurants& Bars Index was off 2 percent. The world's biggest fast-food chain gets roughly one-third of its revenue and 40 percent of profits from the United States. Bernstein analyst Sara Senatore said restaurant companies, which are grappling with profit-squeezing minimum wage increases, use more labor than grocery stores and have the...

  • WASHINGTON— Hundreds of cafeteria workers who help feed senators and others in the Capitol and nearby office buildings will get back pay totaling more than $1 million because their private employers illegally underpaid them, the Labor Department said Tuesday. The department's Wage and Hour Division said it is reviewing whether the two federal contractors—...

  • The Dow Jones U.S. Restaurants& Bars Index was off 2 percent. The world's biggest fast-food chain gets roughly one-third of its revenue and 40 percent of profits from the United States. Bernstein analyst Sara Senatore said restaurant companies, which are grappling with profit-squeezing minimum wage increases, use more labor than grocery stores and have the...

  • July 26- McDonald's Corp posted lower-than-expected second-quarter U.S. sales at established restaurants, the latest in a string of disappointing reports from chains such as Dunkin' Donuts, Starbucks and Wendy's. Shares tumbled 4.1 percent to $122.21 in McDonald's, the world's biggest fast-food chain, which gets roughly one-third of its revenue and 40...

  • Republican presidential candidate Donald Trump address an audience at the The Hotel Roanoke & Conference Center on July 25, 2016 in Roanoke, Virginia.

    Donald Trump is complaining about hot air at a Virginia hotel, and the hotel is pushing back.

  • July 26- McDonald's Corp reported much lower-than-expected quarterly sales growth at established restaurants in the United States and the fast-food chain said it faced "a challenging environment in several key markets." The company's shares fell as much as 3.7 percent to $122.63 in early trading on Tuesday. "There is no doubt that in the United States the...

  • July 26- McDonald's Corp reported much lower-than-expected quarterly sales growth at established restaurants in the United States and the burger chain said it faced "a challenging environment in several key markets." The company's net income fell 9.1 percent to $1.09 billion, or $1.25 per share, in the quarter ended June 30. Excluding some items, McDonald's...

  • NEW YORK— McDonald's is again looking for ways to win back customers, less than a year after launching a widely touted all-day breakfast menu that makes Egg McMuffins available around the clock. During the company's earnings call Tuesday, CEO Steve Easterbrook, who is fighting to reverse three years of declining customer visits to U.S. outlets, promised "even...

  • STAMFORD, Conn.— Starwood Hotels& Resorts Worldwide Inc. on Tuesday reported a second-quarter loss of $263 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. For the current quarter ending in October, Starwood Hotels expects its...

  • HONG KONG/ SINGAPORE, July 26- McDonald's Corp said it is seeking franchise partners for its restaurants in Malaysia and Singapore as part of its move to away from direct ownership and operation in Asia. "McDonald's has taken the decision to adopt a development licensee model for the Malaysia and Singapore markets in order to enable focused investment in the...

  • SAN FRANCISCO, July 25- Wall Street is expecting a solid helping of earnings from McDonald's and other restaurant operators that are preparing to serve up quarterly results over the next few days. "The millennial consumer is much more focused on purchasing experiences over goods," choosing dining out or travel over sneakers and designer jeans, said David...

  • Charlie Baker is backing off his support of a plan to require online lodging services such as Airbnb to pay the same taxes as hotels and motels just days after he said levying the tax was necessary. On Thursday, Baker said during his monthly "Ask the Governor" segment on WGBH-FM that he would sign a proposal to apply the hotel tax to services such as San Francisco-...

  • PHILADELPHIA— Facing hotel bills running into the thousands of dollars, some delegates to the Democratic National Convention are planning to do like college students on spring break and squeeze as many people into a room as they can. Nicole Lutkemuller, a Bernie Sanders delegate from Tahoma, California, said her two-bed room at the Marriott Hotel Philadelphia...

  • China Travel

    Tuniu CFO Conor Yang says more Chinese consumers want the flexibility of booking their own air tickets or hotels, instead of taking a package tour.

  • July 21- French construction group Bouygues is employing more than 100 Indian laborers to work on a hotel it is building in Cuba, breaking a taboo in the Communist-run country on hiring foreign labor in order to meet increased tourism demand. For a country struggling to prop up export revenue in the face of low commodity prices, foreign workers on the Caribbean...

  • July 21- Domino's Pizza Inc reported better-than-expected quarterly sales on Thursday, helped by increased revenue from the services and products it provides to franchisees and the addition of stores in markets outside the United States. The company said a net 215 stores were opened outside the United States, helping to drive up total international sales by...