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  • MOSCOW, Jan 25- McDonald's plans to open more than 60 restaurants in Russia in 2016, increasing the pace of expansion from last year, after its focus on local suppliers and affordable menus has proved successful in an economic crisis. "The eating-out industry has been stagnating since the beginning of 2015 but we have seen significant growth of our market share...

  • Jan 21- Radisson hotels owner Carlson Cos Inc is exploring strategic alternatives for its hotel business, including a sale, the Wall Street Journal reported on Thursday. Carlson Rezidor Hotel Group, which has 1,370 hotels in operation and under development, includes Radisson Hotels, Park Plaza Hotels and Country Inns and Suites. Carlson Wagonlit Travel, the...

  • Jan 21- Starbucks Corp current-quarter forecast missed analysts' estimates and the company reported lower-than-expected sales growth at established cafes in its Asia-Pacific division. The world's biggest coffee chain said Asia Pacific sales at cafes open at least 13 months rose 5 percent in the first quarter ended Dec. 27, but that missed the 6.10 percent...

  • Jan 21- Radisson hotels owner Carlson Cos Inc is exploring strategic alternatives for its hotel business, including a sale, the Wall Street Journal reported on Thursday. Carlson Rezidor Hotel Group, which has 1,370 hotels in operation and under development, includes Radisson Hotels, Park Plaza Hotels and Country Inns and Suites. Carlson Wagonlit Travel, the...

  • Jan 21- Radisson hotels owner Carlson Cos Inc is exploring a sale, among other strategic alternatives, the Wall Street Journal reported on Thursday. A merger or a partnership are the other alternatives the company is exploring, the Journal reported, citing people familiar with the matter. Carlson was not immediately available for comment.

  • Airbnb landlords rake in $500M a year

    A trade group claims the home-sharing website is a platform for illegal hotel operations.

  • The Labor Department guidance could affect companies ranging from construction firms to restaurant chains that could be held responsible if, for instance, one of their temp or contract workers did not get minimum wage from his or her employer. The Labor Department issued a proposed rule last year that would more than double the maximum income a salaried...

  • BOSTON, Jan 20- Fidelity's Contrafund, the biggest mutual fund investor in Chipotle Mexican Grill Inc, said it had held onto its entire stake during the fourth quarter even as an outbreak of food-borne illness in the restaurant chain pummeled its shares. "We held steady our investment in Chipotle, a longtime holding, deciding to hang in there, based in part on...

  • BOSTON, Jan 20- Fidelity's Contrafund, the biggest mutual fund investor in Chipotle Mexican Grill Inc, held steady in the company during the fourth quarter, even as an outbreak of food-borne illness in the restaurant chain pummeled its shares. "We held steady our investment in Chipotle, a longtime holding, deciding to hang in there, based in part on management's...

  • PARIS, Jan 19- The deadly attacks in Paris in November has cost French hoteliers an estimated 270 million euros in lost revenue and could continue to have an impact on hotel occupancy rates, research firm MKG Group said on Tuesday. "We estimate the revenue shortfall for the French hotel industry at 270 million euros, of which 146 million was for Paris alone,"...

  • Jan 14- Hyatt Hotels Corp said a previously reported malware attack to steal payment card data affected 250 hotels between August 13 and Dec. 8. "We do not know the number of customers affected at this time," company spokeswoman Stephanie Sheppard said in an email. Hyatt said it has notified the appropriate country and state regulators and is working with the U.S....

  • Jan 14- Hyatt Hotels Corp said a previously reported malware attack on its payment processing system occurred between August 13 and Dec. 8. The company also said the "at-risk window" for a limited number of locations began on or shortly after July 30. Donald Trump's luxury hotel chain, Trump Hotel Collection, also confirmed the possibility of a data security...

  • Street Talk: SAVE, BLK, FANG, MAR, MSCC

    "Power Lunch" hosts Melissa Lee and Brian Sullivan look at 5 stocks with analyst recommendations, including Spirit Airlines, BlackRock and Diamondback Energy.

  • Jan 14- Hyatt Hotels Corp said a malware attack on its payment processing system occurred between August 13 and Dec. 8. The hotel operator said it identified unauthorized access to payment card data from cards used onsite at certain Hyatt-managed locations, primarily at its restaurants. The company disclosed in December that its payment processing system was...

  • NEW YORK, Jan 14- When Sophie travels to Paris, there is only one place to stay: The Castille, a five-star boutique hotel on the Rue Cambon, in the heart of the city's fashion district near the Place Vendome. Paris is hardly Sophie's only destination, though. The 10- pound pooch has jetted to Barcelona, to the Spanish resort town of San Sebastian- even to the Ritz-Carlton...

  • New York, Jan 12- Travel expert Tim Winship considers himself a budget-conscious travel expert, but even this editor-at-large of SmarterTravel.com was blind-sided by a mandatory resort fee. The Luxor Hotel in Las Vegas is charging him a resort fee of nearly $30 per day for an upcoming family reunion, something he noticed only in the last stage of booking through...

  • *EU already looking into McDonald's tax deal with Luxembourg. BRUSSELS, Jan 12- Three Italian consumer organisations have urged EU antitrust regulators to investigate McDonald's franchise system in Europe, a month after the opening of an EU inquiry into the U.S. fast food company's tax deals with Luxembourg. Codacons, Movimento Difesa del Cittadino and...

  • 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

    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...