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Travel Hotels, Restaurants and Leisure


  • March 9- McDonald's Corp on Monday vowed to remake itself as a "modern, progressive burger company" after aggressive competition from Chipotle Mexican Grill Inc, Chick-fil-A and myriad "better burger" chains bit into U.S. restaurant sales last month. Steve Easterbrook, a McDonald's insider who led two UK- based restaurant chains before returning to the company in...

  • BERLIN, March 9- Sales of new kitchens are up more than 10 percent already this year at German kitchen maker Haecker. For those who would rather someone else did the cooking, roasted monkfish and turbot with truffles are flopping onto plates at Berlin's Michelin- starred restaurant Fischers Fritz. A blizzard of corporate good news shows that famously frugal...

  • CHICAGO/ LOS ANGELES, March 8- McDonald's Corp's decision last week to phase out human antibiotics from its U.S. chicken supply will add to costs of production in a tight-margin business that are likely to be borne mostly by poultry companies. McDonald's will use its purchasing muscle as the world's largest restaurant chain to avoid passing extra costs on to...

  • Hotel investors battle for yield as sector heats up Sunday, 8 Mar 2015 | 5:00 AM ET

    *Report predicts $68 bln in hotel real estate deals in 2015. BERLIN, March 8- Investors are expected to pump more money into buying, converting or building hotels in 2015 than in any year since the start of the global financial crisis, with a focus on budget and' buzz'. "It's not about people loving hotels, it's about investors searching for a return on their money which...

  • BOSTON, March 5- Hotel operator Mandarin Oriental International Ltd said on Thursday that it was the victim of a cyberattack and that it found malicious software on credit card systems at "an isolated number" of hotels in the United States and Europe. The company said in a statement on its website that it was working with credit card companies, law enforcement and...

  • Report of credit card breach at Mandarin Oriental Wednesday, 4 Mar 2015 | 5:37 PM ET
    A doorman exits the Mandarin Oriental Hyde Park hotel in London.

    The Mandarin Oriental Hotel Group suffered a security breach that exposed customer's credit card data, according to a new report.

  • What's for dinner? Restaurants serve new concepts Wednesday, 4 Mar 2015 | 11:15 AM ET
    Bubba's burger

    How do restaurants expand? They build their existing business or buy growth. Here are a number of concepts that restaurants are betting on.

  • Sonic CEO: We're not at peak burger Monday, 2 Mar 2015 | 12:31 PM ET
    An employee delivers food at a Sonic drive-in restaurant in Normal, Illinois.

    Despite the proliferation of fast-food restaurants and burger joints, there's still room for growth, Sonic CEO Cliff Hudson tells CNBC.

  • 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.

  • 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.

  • 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.

  • 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."

  • First Chinese bought US apartments, now it's hotels Wednesday, 11 Feb 2015 | 7:22 PM ET

    The closing of the sale on Wednesday of New York's famed Waldorf Astoria hotel to China's Anbang Insurance Group for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels.

  • In Splitsville? Try checking into the Divorce Hotel Wednesday, 11 Feb 2015 | 3:00 PM ET
    Gideon Putnam Resort

    Enter married, leave with a quickie divorce at a resort and spa in this New York town. The New York Post reports.

  • Wyndham CEO: Strong dollar, minimal impact Tuesday, 10 Feb 2015 | 10:30 AM ET
    Wyndham CEO: Strong dollar, minimal impact

    Discussing Q4 earnings, Stephen Holmes, Wyndham Worldwide CEO, says the company is not terribly impacted by a strong dollar.

  • How to make money by charging for reservations Saturday, 7 Feb 2015 | 2:00 PM ET
    The Presto restaurant tablet.

    Competition to snag a reservation at hot eateries borders on cutthroat. Enter Resy, a new app that can get you a table, but at a price.

  • Macau drags Wynn Resorts 4Q earnings down Wednesday, 4 Feb 2015 | 10:56 AM ET
    Wynn Macau casino resort, operated by Wynn Resorts, in Macau, China.

    A crackdown in corruption in China that has hushed the once frenzied Macau casino business took its toll on Wynn Resorts in the fourth quarter.

  • Atlantic City to investors: Gamble on our bonds Sunday, 1 Feb 2015 | 11:59 AM ET
    A sign marks the Trump Taj Mahal Hotel and Casino in Atlantic City.

    Atlantic City is engaging in another type of gamble: convincing investors to buy its junk-rated bonds.

  • Travel outlook bright despite euro concerns: Exec Tuesday, 27 Jan 2015 | 2:52 PM ET
    Virgin America

    The euro "has been a concern," but the year is shaping up to be strong for travel, a vacation rental company executive tells CNBC.