×

Travel Hotels, Restaurants and Leisure

  • NEW YORK, March 1- Burgeoning interest and investment in flexible workspaces is pushing a small corner of the commercial real estate market into the corporate mainstream, and drawing one top executive from Asia to help expand his company's U.S. operations. Servcorp, an Australia- based rival to WeWork, believes the market is ripe for expansion and is sending its...

  • CHICAGO, March 1- McDonald's Corp later this year will give U.S. customers the opportunity to order and pay via their cell phones as it fights to win back customers lost to other fast-food rivals. McDonald's will make so-called "mobile order and pay" available at all of its roughly 14,000 U.S. restaurants, Chris Kempczinski, president of McDonald's USA, said at the...

  • Feb 24- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel chain, said on Friday it would buy back up to $1 billion of its shares, and that it would change its corporate name to' Hilton Inc', effective March 6. Hilton's board also declared a quarterly dividend of 15 cents per share, payable on March 31. Based on Thursday's closing price of $57.21, Hilton can...

  • Feb 24- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel chain, said on Friday its board authorized a stock repurchase program of up to $1 billion, and that it would change its corporate name to' Hilton Inc' effective March 6.

  • The portfolio changes from firms including T. Rowe Price, Federated Investors and Fidelity come amid uncertainty over the fate of the North American Free Trade Agreement and a possible tax on goods produced in Mexico as well as new U.S. immigration guidelines. Knudsen said his team is shifting its portfolios into stocks such as Wal Mart de Mexico, the Mexican...

  • Sarkozy has international experience to take Accor's helm: CEO

    Accor CEO Sébastien Bazin discusses his company's decision to appoint former French President Nicolas Sarkozy to its board.

  • Singapore, China, Japan and Thailand each boasted nine restaurants on the annual list.

  • A pedestrian pulls luggage behind him as he walks outside a Marriott hotel in New York.

    SunTrust says Marriott's hotel bookings are not improving significantly, according to its research checks.

  • Feb 21- Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, said on Tuesday it would acquire Popeyes Louisiana Kitchen for $1.8 billion in cash.

  • Feb 21- InterContinental Hotels Group beat 2016 profit forecasts, helped by demand in the Americas, and announced a $400 million special dividend for shareholders that sent its stock to a record high. The company, which runs over 5,000 hotels in about 100 countries under brands such as Crowne Plaza, Holiday Inn and InterContinental, said on Tuesday it also...

  • Feb 21- InterContinental Hotels Group Plc, one of the world's largest hoteliers, reported a slightly better-than-expected yearly profit rise and said it would return $400 million to investors via a special dividend and share consolidation. IHG, which runs hotels under brands such as Crowne Plaza, Holiday Inn and InterContinental, posted a 4 percent rise in...

  • Robus business growth worldwide: InterContinental CEO

    InterContinental Hotels Group CEO Richard Solomons weighs in on the company's earnings, which reveal "pretty good revenue growth around the world."

  • Feb 20- Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc, people familiar with the matter said on Monday. A deal could be announced as early as this week, the people said, asking not to be identified because the negotiations are confidential.

  • Checking in with Choice Hotels

    Steve Joyce, Choice Hotels International president & CEO, discusses the company's outlook going forward and his views on the Trump administration's ability to help promote the travel industry.

  • *Q4 adj profit of $0.08/ shr vs est. "We are guiding to a range of 2-3 percent for the next year, slightly lower than previous guidance of 3 percent," Chief Financial Officer Gunther Plosch said at Wendy's investor day. Chief Executive Todd Penegor said in August he was confident that Wendy's would grow at its long-term guidance of about 3 percent.

  • The company also set a new $150 million share repurchase program and raised its quarterly dividend to 7 cents per share from 6.5 cents. However, Wendy's net income fell to $28.9 million, or 11 cents per share, from $85.9 million, or 31 cents per share, a year earlier, due to a sharp decline in net investment income. Excluding items, the company earned 8 cents per share, 1...

  • However, the company's net income fell to $28.9 million, or 11 cents per share, for the fourth quarter ended Jan. 1 from $85.9 million, or 31 cents per share, a year earlier. Revenue fell 33 percent to $309.9 million, mainly due to fewer company-owned restaurants in the quarter. Analysts on average had expected an adjusted profit of 8 cents per share and revenue of...

  • *Hilton forecasts 2017 adj profit of $1.65- $1.75/ share. The hotel operator said it expected adjusted earnings between $1.65 and $1.75 per share. Analysts on average had estimated earnings of $1.75 per share in 2017, according to Thomson Reuters I/B/E/S.

  • Marriott beats on top & bottom lines

    Earnings are out for Marriott. CNBC's Susan Li reports the details.

  • *Forecasts 2017 adj profit of $1.65- $1.75/ share. The hotel operator said it expected adjusted earnings between $1.65 and $1.75 per share. Analysts on average had estimated earnings of $1.75 per share in 2017, according to Thomson Reuters I/B/E/S.