Travel Hotels, Restaurants and Leisure


  • BRUSSELS, Jan 12- Three Italian consumer organisations have accused U.S. fast food chain McDonald's of operating an anti-competitive system in Europe, with restrictive clauses imposed on franchise operators that may breach the bloc's antitrust rules. Codacons, Movimento Difesa del Cittadino and Cittadinanzattiva filed a complaint with the European...

  • Our growth has been organic: IHG chief Tuesday, 12 Jan 2016 | 3:00 AM ET
    Our growth has been organic: IHG chief

    Richard Solomons, CEO of InterContinental Hotels Group, discusses the industry as the group opens its 5,000th hotel in New York.

  • CHICAGO, Jan 8- Chipotle Mexican Grill, under scrutiny for months over outbreaks of foodborne illness linked to its restaurants across several U.S. states, was sued on Friday for allegedly misleading investors about its food safety controls. The burrito chain failed to disclose that its "quality controls were inadequate to safeguard consumer and employee...

  • Jan 5- Yum Brands Inc, the owner of Pizza Hut and KFC restaurant chains, said executive chairman and former CEO David Novak plans to retire in May. The company, which is spinning off its dominant China business, said it plans to appoint a non-executive chairman from its board. Novak, 63, will also step down from Yum's board, but will remain a shareholder at both Yum and...

  • Yum Brands' Chairman David Novak to retire in May Tuesday, 5 Jan 2016 | 4:40 PM ET

    Jan 5- Yum Brands Inc, the owner of Pizza Hut and KFC restaurant chains, said executive chairman and former CEO David Novak plans to retire in May. The company said it plans to appoint a non-executive chairman from the board. Novak was appointed chairman in January 2015.

  • Fares increased $3 one-way for U.S. domestic flights on American Airlines Group Inc, United Continental Holdings Inc, Delta Air Lines Inc, Southwest Airlines Co and JetBlue Airways Corp, each company told Reuters. Southwest was the next to follow suit, two analysts said. "The industry has never met a Southwest fare increase it didn't match, for as far back as our...

  • Where the skiing is best so far this winter Tuesday, 5 Jan 2016 | 11:23 AM ET
    Fresh powder snow at ski resort last week in N. Lake Tahoe, CA

    Following several years of drought conditions, ski resorts out West enjoyed a thriving business over the holidays. Here's why.

  • Uber may get into travel-booking business Wednesday, 30 Dec 2015 | 4:54 PM ET
    A user scans for an available vehicle using the Uber's app on a smartphone in London.

    A proposed Uber Travel app could soon let users automatically hail a ride as their plane hits the tarmac.

  • SHANGHAI, Dec 28- The long-awaited China trial of U.S. food supplier OSI Group opened in Shanghai on Monday, kicking off the final act of a scandal that dragged in fast-food giants McDonald's Corp and Yum Brands Inc. In July, 2014, a Chinese TV report alleged to show workers at a Shanghai unit of OSI using out-of-date meat and doctoring production dates, a scandal...

  • Dec 23- Hyatt Hotels Corp said on Wednesday that its payment processing system was infected with credit-card-stealing malware in an attack discovered three weeks ago, the latest in a series of breaches at hospitality firms. Company spokeswoman Stephanie Sheppard said in an email late on Wednesday that the attack was discovered on Nov. 30.

  • UPDATE 1-Hyatt says payment processing systems breached Wednesday, 23 Dec 2015 | 6:22 PM ET

    Dec 23- Hyatt Hotels Corp on Wednesday asked customers to review payment card statements for possible fraud after it found malicious software in its payment processing systems for hotels it manages. Hilton Worldwide Holdings Inc and Starwood Hotels& Resorts Worldwide Inc last month reported malware breaches at their payment systems.

  • Hyatt finds malware at payment processing systems Wednesday, 23 Dec 2015 | 5:20 PM ET

    Dec 23- Hotel operator Hyatt Hotels Corp said it had identified malware on computers that operate the payment processing systems for Hyatt-managed locations. The company, controlled by the billionaire Pritzker family, said it had launched an investigation and asked customers to review their payment card account statements. Hyatt did not disclose how many...

  • Hyatt Hotels warns of malware on payment systems Wednesday, 23 Dec 2015 | 5:03 PM ET
    Hyatt Hotel

    Hyatt Hotels announced Wednesday that it discovered malware on computers used for payment processing.

  • Ronaldo partnership a great opportunity: Grupo Pestana Chair

    Dionisio Pestana, Chairman of Grupo Pestana, celebrates the partnership with footballer Cristiano Ronaldo.

  • Ronaldo: Soccer star and hotelier Thursday, 17 Dec 2015 | 8:51 PM ET
    Ronaldo: Soccer star and hotelier

    Real Madrid star Cristiano Ronaldo is expanding his brand empire after announcing a more than $40 million investment into boutique hotels.

  • Dec 16- Some casino and hotel companies including Caesars Entertainment Corp and Hilton Worldwide Holdings Inc are expected to get a reprieve from a proposal to curb real estate investment trusts, or REITs. An earlier version of the $650 billion tax break bill detailed Wednesday included provisions that would have potentially derailed major company deals...

  • The battle brewing inside the upscale hotel company comes after two failed deals, one involving Yucaipa Companies billionaire Ronald Burkle and the other with Los Angeles hotelier Sam Nazarian. The request follows a letter Rambleside sent last month to the company's board, which says that it has shareholder support to have Rambleside Chief Executive...

  • Hilton shares jump on report of REIT spinoff Wednesday, 16 Dec 2015 | 5:18 PM ET
    Hilton Worldwide Holdings Inc. signage is displayed outside one of the company's hotel locations in San Francisco.

    Hilton Worldwide shares rose on a report the company could spin off hotel properties into a real estate investment trust.

  • Dec 16- Hotel operator Hilton Worldwide Holdings Inc plans to spin off its hotel properties into a REIT, a person familiar with the matter told Reuters on Wednesday. The spinoff will be tax free and the company has already received the blessing of the Internal Revenue Service, the person said. The transaction could involve a large chunk of the hotels Hilton owns,...

  • HILTON TO SPIN OFF HOTEL PROPERTIES INTO REIT-CNBC, CITING. Dec 16- Hotel operator Hilton Worldwide Holdings Inc will spin off its hotel properties into a REIT, CNBC tweeted, citing Dow Jones. Hilton's shares rose 6 percent in heavy volumes after the Dow Jones report, which cited sources, according to CNBC.