Travel Hotels, Restaurants and Leisure

  • Marriott's Q1 tops estimates

    Marriott CEO Arne Sorenson, discusses the health of the U.S. economy, and the performance of its brands in the first quarter.

  • China's HNA to acquire Radisson hotel chain owner

    A unit of China's HNA Group agrees to buy Carlson Hotels for an undisclosed amount.

  • The company's net income rose to $219 million, or 85 cents per share, in the quarter ended March 31 from $207 million, or 73 cents per share, a year earlier. Excluding items, Marriott earned 87 cents per share. Revenue rose to $3.77 billion from $3.51 billion.

  • Hilton said it expected 2016 RevPAR to increase by 3-5 percent, excluding the impact of exchange rates, and forecast earnings of 92 cents to 98 cents per share. The net income attributable to stockholders rose to $309 million, or 31 cents per share, in the latest quarter from $150 million, or 15 cents per share, a year earlier. Excluding tax benefits of $153 million,...

  • Whitbread's plans for the future

    Alison Brittain, CEO of Whitbread, talks about the company's results, where the company is heading and her progress after five months in the job.

  • Time to book into Marriott?

    The FMHR traders debate Barron's 30-percent upside view on Marriott, with three out of four agreeing it's the time to buy.

  • *1st- qtr profit $1.23/ share vs est. Shares in the world's fast-food chain are up nearly 28 percent from a year ago, when then-new Chief Executive Steve Easterbrook launched a turnaround strategy that has included simplifying sprawling menus and improving speed and service to counter intense competition from the likes of Burger King, Dunkin' Donuts and Shake...

  • Carnival’s Adonia ship is being turned into a new brand called Fathom.

    Cuba said it would lift a ban on Cubans and Cuban-Americans entering and leaving the Caribbean island by commercial vessels.

  • HAVANA, April 22- Cuba said on Friday it would lift a ban on Cubans and Cuban-Americans entering and leaving the Caribbean island by commercial vessels, opening the way for cruise operator Carnival Corp to set sail for the country next week. Carnival received approval from the United States last year to sail to Cuba, and the green light from Havana a day after U.S.

  • CUBA TO LIFT PROHIBITION ON CUBAN-AMERICANS TRAVELLING TO THE COUNTRY BY CRUISE SHIP- STATE MEDIA.

  • April 21- Starbucks Corp on Thursday reported global cafe sales growth that fell just short of Wall Street expectations. Shares of the world's biggest coffee chain fell 4.9 percent to $57.85 after it said global sales at cafes open at least 13 months were up 6 percent for the second quarter ended March 27. Analysts had expected an overall same-cafe sales gain of...

  • April 20- Yum Brands Inc's China sales accelerated faster than Wall Street expected in the first quarter, helped by Chinese New Year KFC chicken bucket promotions, marking an auspicious start to a year in which the company plans to spin off its China unit. The owner of the KFC, Pizza Hut and Taco Bell brands also said first-quarter profit topped analysts' targets...

  • April 20- Yum Brands Inc's China sales accelerated faster than Wall Street expected in the first quarter, driven by Chinese New Year KFC chicken bucket promotions, in a good sign for the company's planned spinoff of the China unit. "Yum China will get a better valuation as same-store sales accelerate," said Howard Penney, restaurant analyst at Hedgeye Risk...

  • April 20- Yum Brands Inc's sales at established restaurants in China accelerated faster than Wall Street expected in the first quarter as the company pursues a spinoff of that business, its top profit-driver. Sales at China restaurants open at least one year rose 6 percent in the first quarter, Yum said on Wednesday, as it reported first-quarter results.

  • MGM Growth Prop. CEO on IPO, resorts

    James Stewart, MGM Growth Properties CEO, talks about his company's fresh IPO, as well as his outlook for growth and cooperation with spin-off parent MGM Resorts.

  • *Keen to invest in Southeast Asia, India. BANGKOK, April 20- Thai cash-and-carry chain Siam Makro Pcl said on Wednesday it plans to invest up to 9 billion baht this year to open stores at home and overseas, Chief Financial Officer Saowaluck Thitaphant said on Wednesday. Siam Makro, whose main customers are hotels, restaurants and small convenience stores, plans to...

  • PARIS, April 19- AccorHotels, Europe's largest hotel group, posted higher underlying sales on Tuesday as robust demand for hotel rooms in most markets overcame a weaker performance in France and in recession-hit Brazil. Meanwhile, Shanghai Jin Jiang International had further raised its stake in AccorHotels to 14.98 percent of its capital and 13.07 percent of...

  • April 18- U.S. cruise operator Carnival Corp said it may delay its voyages to Cuba, scheduled to start on May 1, unless Cuban authorities allow Cuban-born Americans to travel in cruise ships as they are allowed in airlines. Secretary of State John Kerry on Thursday condemned the world's largest cruise operator for barring Cuban-Americans from its planned...

  • April 18- U.S. cruise operator Carnival Corp said it may delay its voyages to Cuba, scheduled to start on May 1, unless Cuban authorities allow cruise ships to operate in the same manner as air charter operations. People born in Cuba can, however, travel to the island on an airplane. Last month, the Miami, Florida- based company said it was the first cruise ship operator to...

  • Sri Lankan Buddhist devotees light incense during Poya, a full moon religious festival, at the Kelaniya Temple in Colombo on March 22, 2016.

    Sri Lanka takes the needs of its multiethnic population very seriously, with a very pleasant side-effect: 25 national public holidays a year.