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Travel Hotels, Restaurants and Leisure

  • March 21- Andrew Puzder, who withdrew as nominee for U.S. Labor Secretary in the new Trump administration, is stepping down as chief executive of CKE Restaurants Holdings Inc in April, the parent of the Carl's Jr and Hardee's restaurant chains said on Tuesday. Puzder will be succeeded by Jason Marker, who most recently was president of Yum Brands Inc's KFC chain.

  • NEW YORK— The parent company of the Carl's Jr. and Hardee's chains on Tuesday named a new CEO to replace Andy Puzder, who last month withdrew his nomination to be Labor Secretary under President Donald Trump. CKE Restaurants Holdings Inc. says Puzder will be replaced in April by Jason Marker, who most recently was president of Yum Brands Inc.' s Kentucky Fried...

  • NEW YORK— You might have expected the Trump Organization to tap the brakes on expansion plans given all the criticism over potential conflicts of interest while its owner sits in the Oval Office. The hotels will feature modern, sleek interiors and communal areas, and offer rooms at $200 to $300 a night, about half what it costs at some hotels in Trump's luxury chain.

  • Construction on the Marriott Renaissance hotel in Plano, Texas last week.

    This is the first Texan hotel boom in about a decade, New York Times reports.

  • Regis luxury hotel brands said it would earn $675 million in stabilized fees from hotel rooms added to its system. Earlier this month, Marriott said it would speed up expansion of its Starwood brand in Europe by 2020.. Marriott bought Starwood for about $12.41 billion in September, adding names such as Sheraton, W and Aloft to create the world's largest hotel...

  • Marriot CEO: Tax reform winners and losers

    Arne Sorenson, Marriott International CEO, discusses tax reform and the benefits of bringing money back into the U.S. Also Sorenson weighs in on whether immigration concerns are impacting the hotel business.

  • Marriot CEO: We'll open one hotel every 14 hours in the next 3 years

    Arne Sorenson, Marriott International CEO, talks about the hotel's three-year growth strategy as optimism in the travel industry grows.

  • Why Ascendas isn't worried about Airbnb

    Tan Juay Hiang, CEO of Ascendas Hospitality Trust, says the company targets business hotels and travelers rather than the leisure space Airbnb operates in.

  • HK & Shanghai Hotels is cautiously optimistic for 2017

    Clement Kwok, CEO of HSH, addresses the dip in profits amid a difficult operating environment in Hong Kong.

  • Tourists take pictures in Times Square on December 11, 2013 in New York City.

    The U.S. business and leisure travel sector continued to perform well in 2016, however the WTTC suggests inbound travel looks less certain going forward.

  • LOS ANGELES, March 17- McDonald's Corp investors will vote soon on whether to give the franchisees who operate most of the fast-food chain's restaurants the opportunity to elect a board member, the proponent of a shareholder proposal said on Friday. "We think franchisees should be in the room when the company's most important decisions about operating and...

  • Another robot-staffed hotel opens in Japan

    Dinosaur receptionists were on standby as a second hotel staffed mostly by robots opened in Tokyo this week.

  • CHICAGO, March 15- McDonald's Corp has begun testing its long-awaited U.S. mobile ordering app, with the goal of avoiding the kinds of service hiccups that have haunted digital debuts by companies such as Starbucks Corp. Digital ordering has been challenging for many restaurant chains and their customers. "We can't impact the speed or the quality of our food," Jim...

  • CHICAGO, March 14- McDonald's Corp this month will begin testing its long-awaited U.S. mobile ordering app with the goal of avoiding the kinds of service hiccups that have haunted digital debuts by companies such as Starbucks Corp. Digital ordering has been challenging for many restaurant chains and their customers. "We can't impact the speed or the quality of...

  • March 13- Restaurant operator Ruby Tuesday Inc said on Monday it would explore strategic alternatives, including a potential sale or merger, sending its shares up after the bell. The Maryville, Tennessee based-company's shares rose about 14 percent to $1.99 in extended trading. The company, which has a market capitalization of about $106 million, also expects...

  • March 13- Restaurant operator Ruby Tuesday Inc said on Monday it would explore strategic alternatives, including a potential sale or merger sending its shares up after the bell. The company's shares rose about 14 percent to $1.99 in extended trading. The company, which also expects third-quarter comparable sales to decline 4 percent, retained UBS as its...

  • BEIJING/ HONG KONG, March 10- After a spending spree stretching from hotels to electronics distribution in 2016, Chinese conglomerate HNA Group says it is now investing in financial services, betting on asset managers and consumer finance for growth at home and overseas. The moves reflect a broader push by China into financial services globally as Beijing...

  • SAN FRANCISCO, March 7- Airbnb, the leading online marketplace for short-term lodging, on Tuesday invited some of the owners of properties listed on its service, known as hosts, to attend executive board meetings and offered them more direct contact with its chief executive, in an attempt to give the people vital to the company's success a greater say in how it is...

  • IHG CEO Richard Solomons says he hasn’t seen an impact of Donald Trump’s travel ban on the business yet, while commenting on performance in certain markets.

  • Difficult if Brexit impacts workers’ rights: IHG CEO

    IHG chief executive Richard Solomons talks about the company’s share price movement, inflation and the impact of Brexit on the hotelier.