Earnings are out for Wynn Resorts. CNBC's Aditi Roy reports the details. Stephanie Link, TIAA Global Asset Management, and Rob Cox, Reuters Breakingviews, weigh in.
SHANGHAI, Nov 2- Yum China Holdings Inc, newly hived off from its U.S. fast food giant parent, faces a tricky battle to revive sales growth in the country, Chief Executive Micky Pant told Reuters, given the strength of its local rivals and a volatile market. The firm, which debuted on the New York stock exchange on Tuesday, has seen China revenues at its KFC, Pizza Hut and...
TORONTO, Nov 1- A Canadian judge on Tuesday appointed a receiver to oversee the sale of a Toronto hotel-condo tower bearing the name of U.S. presidential candidate Donald Trump after the tower's developer failed to make payments on its loans. The decision brings the 65- storey Trump International Hotel& Tower, the first Trump-branded hotel in Canada, one step...
KUALA LUMPUR/ SINGAPORE, Nov 1- Malaysia's largest fast food operator QSR Brands has hired three banks, including Citigroup and Credit Suisse, to lead its initial public offering, two sources with direct knowledge of the matter told Reuters. It is the sole KFC franchisee in Malaysia, Singapore, Brunei and Cambodia. QSR is owned by private equity firm CVC Capital...
MEXICO CITY, Oct 31- Mexico's Grupo Axo, an apparel and home goods franchiser that markets brands like Tommy Hilfiger and Victoria's Secret, plans to raise about 2 billion pesos in an initial public offering, three people familiar with the matter said on Monday. The company, partially owned by restaurant operator Alsea and brokerage Evercore, announced plans...
NEW YORK, Oct 30- Shares of Hotel operator Hilton Worldwide Holdings Inc could increase by at least 25 percent on its planned split into three companies, Barron's reported on Sunday. Even if the hospitality industry stagnates in the United States, Virginia- based Hilton is opening hotels in profitable overseas markets, Barron's said. The following day, its share...
Steve Joyce, Choice Hotels International CEO talks about the company's quarterly beat, competitive pricing and why Donald Trump's political positioning is not good in the hotel business.
CNBC's Robert Frank reports on Donald Trump's personal brand and how it is being affected by his presidential run.
The Republican nominee for president risks denting the marketing value of the Trump name.
HNA announced plans to acquire a 25 percent stake in Hilton Worldwide from affiliates of Blackstone, in a deal the companies valued at $6.5 billion.
Barry Sternlicht, Starwood Capital chairman & CEO, weighs in on HNA buying a 25-percent stake in Hilton from Blackstone.
André Juillard, senior equity research analyst at Kepler Cheuvreux, takes a look at the current performance in the hotels market, with specific comment on Intercontinental and AccorHotels.
Holger Jakobs, VP at Mövenpick, talks about the hospitality brand's Asian expansion and the surge in Chinese travelers.
Accor's JO&JOE brand was designed around millennials to tap into changing consumer preferences, says Michael Issenberg, chairman & CEO at AccorHotels Asia.
FastBooking's Guillaume de Marcillac talks about how the digital space gives hoteliers the opportunity to reinvent themselves for Asia's booming middle class.
Disney recently announced a new "Magic Kingdom Park After-Hours" wedding package at its Walt Disney World Resort in Orlando, Florida.
The tourism and leisure business can get volatile, but Hilton Worldwide's CEO thinks the legacy hotel chain has the right strategy.
Size matters but success in the hotel business requires quality as well, says Hilton Worldwide's Christopher Nassetta.
Hilton Worldwide CEO Christopher Nassetta talks about old and new competitors, including the merged Marriott-Starwood group and disruptor Airbnb.
The Asia region is also embracing the idea of home-sharing like the rest of the world, says Airbnb's Chip Conley.