IRVINE, Calif. _ Habit Restaurants Inc. on Wednesday reported first-quarter earnings of $1.4 million. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 10 cents per share. Habit Restaurants shares have declined 25 percent since the beginning of the year. » Read More
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 Lanka takes the needs of its multiethnic population very seriously, with a very pleasant side-effect: 25 national public holidays a year.
It was 61 years ago on April 15, 1955 Ray Kroc opened his first McDonald’s in Des Plaines, Illinois. Kroc bought the restaurant from brothers Richard and Maurice McDonald for $2.7 million in 1961.
McDonald's is targeting private equity firms for its planned sale of 2,800 restaurants in North Asia, people familiar with the matter told Reuters.
HONG KONG, April 14- McDonald's Corp is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources for its planned sale of 2,800 restaurants in North Asia, people familiar with the matter told Reuters. The U.S. fast food giant is adopting a new business model in Asia, which is...
CNBC's Robert Frank looks at The Venetian's invite-only top suite in Las Vegas.
PARIS, April 5- AccorHotels, Europe's largest hotel group, has bought British serviced home rental company onefinestay to strengthen its response to Airbnb and further expand its luxury portfolio. Onefinestay was launched in London in 2010 by four friends Greg Marsh, Demetrios Zoppos, Tim Davey and Evan Frank, who had raised about 200,000 euros from family and...
A line of hotels linked to Donald Trump is investigating a possible credit card breach, according to Krebs on Security.
April 4- Republican presidential candidate Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, appears to be dealing with the second breach of its credit card systems in a year, KrebsonSecurity reported on Monday. The company was investigating the claims, the blog reported. The company could not be immediately reached.
LOS ANGELES, April 3- Nine months into a minimum wage hike at some Los Angeles hotels, city leaders and other backers of the move are claiming victory, saying doomsday forecasts from hoteliers have proven unfounded. "There have not been the wholesale layoffs or cutbacks that we were told would occur," said Los Angeles City Councilman Curren Price, who co-authored...
Discussing Anbang's dropped bid for Starwood Hotels and how it could affect real estate prices with Ken Cruse, co-founder of Alpha Wave Investors and former president & CEO of Sunstone Hotel Investors.
Anbang backed out of the Starwood bidding war because it was bringing too much attention to the company, CNBC's Jim Cramer says.
CNBC's Eunice Yoon reports the latest from Beijing about Anbang dropping their bid for Starwood Hotels.
"The most important thing for us to succeed at is the loyalty program," Marriott CEO Arne Sorenson tells CNBC.
Marriott CEO Arne Sorenson tells CNBC the hotel chain experienced "lots of cancellations" after last month's deadly Brussels terrorist attacks.
Arne Sorenson, Marriott International CEO, talks about Anbang's decision to walk away from its deal to buy Starwood Hotels and weighs in on the risks and benefits associated with the likely acquisition.
CNBC's Eunice Yoon reports on why China's Anbang Insurance Group dropped its $14 billion offer for Starwood Hotels and Resorts.
CNBC's Eunice Yoon reports the bidding war for Starwood Hotels is over after China's Anbang Insurance walks away from its offer.