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Travel Hotels, Restaurants and Leisure

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  • Feb 24- Domino's Pizza Inc on Tuesday reported quarterly profit that fell short of Wall Street's estimate, as higher costs took some of the shine off better-than-expected sales at established restaurants. While companies such as McDonald's Corp have warned that minimum wage increases and other labor-related costs would squeeze profits in 2015, Domino's...

  • Strong U.S. demand boosts Domino's revenue Tuesday, 24 Feb 2015 | 7:43 AM ET

    Feb 24- Domino's Pizza Inc's quarterly revenue jumped 14 percent, helped by strong demand in the United States and an increase in prices for ingredients it sells to franchisees. The second-largest U.S. pizza chain by store count said on Tuesday net income rose 7 percent to $48 million, or 85 cents per share, in the fourth quarter ended Dec. 28. Sales at rival Pizza Hut,...

  • Darden Restaurants names Eugene Lee as CEO Monday, 23 Feb 2015 | 8:25 AM ET

    Feb 23- Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.

  • 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.

  • Wal-Mart wage hike seen pressuring Target, fast-food Thursday, 19 Feb 2015 | 8:40 PM ET

    Feb 19- Wal-Mart Stores Inc's wage hike will likely trigger a rethink on pay across the retail and fast-food sectors, with Target Corp one of the low-wage employers facing pressure to follow suit and pay workers more. Wal-Mart announced on Thursday it would lift its minimum U.S. wage to $9 an hour this year and $10 in 2016, raising the ante in a tightening labor...

  • Feb 19- Fast-casual restaurant chain operator Noodles& Co forecast 2015 adjusted profit that missed analysts' estimates, sending its shares down 25 percent in after-market trading. Noodles& Co's fourth-quarter profit also missed Wall Street's estimates, hurt by lower sales at its restaurants in the all-important holiday quarter. Net income rose to $3.5...

  • 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.

  • *Marriott International beats estimate on higher RevPAR. Feb 18- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter as a strong dollar makes it more expensive for foreigners to travel to the United States. Starwood Hotels& Resorts Worldwide Inc, owner of the Sheraton and Westin...

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter and full year as a strong dollar makes it more expensive for foreigners to travel to the United States. The company, which also owns the Conrad brand, gets about three-quarters of its revenue from the United States.

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Conrad and Waldorf Astoria hotel brands, forecast profit below market estimates for the first quarter as well as for the full year. Hilton, which recently sold its Waldorf Astoria New York hotel to China- based Anbang Insurance Group Co for $1.95 billion, gets about three-fourth of its revenue from the United...

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Conrad and Waldorf Astoria hotel brands, reported a better-than-expected 7 percent rise in quarterly revenue, as increased business travel in United States drove up occupancy rates. Revenue rose to $2.83 billion from $2.64 billion a year earlier. Net income attributable to shareholders rose to $158 million,...

  • Hilton revenue rises 7 pct on higher occupancy Wednesday, 18 Feb 2015 | 6:14 AM ET

    Feb 18- Hilton Worldwide Holdings Inc, the owner of Conrad and Waldorf Astoria hotel brands, reported a 7 percent rise in quarterly revenue, as increased business travel drove up occupancy at most of its properties. Net income attributable to shareholders rose to $158 million, or 16 cents per share, from $26 million, or 3 cents per share. Hilton's fourth-quarter...

  • 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.

  • TORONTO, Feb 17- Restaurant Brands International Inc, the parent of Burger King and Canadian coffee and doughnut chain Tim Hortons, reported robust quarterly sales growth on Tuesday, crediting new menu items for driving traffic. Restaurant Brands executives credited new menu items like Burger King's A1 ultimate bacon cheeseburger and Tim Horton's dark...

  • Feb 17- Starwood Hotels& Resorts Worldwide Inc said Chief Executive Frits van Paasschen had resigned by mutual agreement, a week after the hotel operator announced the spinoff of its timeshare business. Regis and Sheraton hotel brands, named Director Adam Aron as interim CEO and said it had started looking internally and externally for a permanent CEO.

  • Starwood Hotels CEO Frits van Paasschen resigns Tuesday, 17 Feb 2015 | 7:12 AM ET

    Feb 17- Hotel operator Starwood Hotels& Resorts Worldwide Inc said Chief Executive Frits van Paasschen has resigned by mutual agreement. Paasschen, who took over as CEO in September 2007, will continue with as a consultant to assist in the transition, the company said. The owner of the St.

  • Profits rise at hotelier IHG on strong U.S. demand Tuesday, 17 Feb 2015 | 2:16 AM ET

    LONDON, Feb 17- InterContinental Hotels Group, one of the world's largest hoteliers, posted a 10 percent rise in 2014 profit, led by strong growth in its core North American market. The group, which owns brands such as Holiday Inn, Crowne Plaza and InterContinental, said on Tuesday underlying annual operating profit rose to $648 million at constant rates, in line...

  • Rosewood Hotel: Undeterred by headwinds in China Thursday, 12 Feb 2015 | 8:26 PM ET
    Rosewood Hotel: Undeterred by headwinds in China

    Sonia Cheng, CEO of Rosewood Hotel Group, explains her bullish outlook on China's hospitality sector in this week's "Managing Asia."

  • Despite oversupply, this hotelier’s big on Asia Thursday, 12 Feb 2015 | 7:57 PM ET
    Sonia Cheng, CEO of Rosewood Hotel Group.

    Oversupply is a growing problem in Asia's hospitality market, but the boss of Rosewood Hotel Group regards it as "healthy competition."

  • Feb 12- Darden Restaurants Inc was sued on Thursday by the U.S. Equal Employment Opportunity Commission, which accused the company of age discrimination in hiring for its Seasons 52 restaurants nationwide. In a complaint filed with the U.S. District Court in Miami, the EEOC said it is "standard operating procedure" for Darden, which also runs the Olive Garden chain,...