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Hotels, Restaurants and Leisure

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  • *Sale could raise $600 mln to $700 mln, analyst says. MEXICO CITY, June 14- Wal-Mart de Mexico, Mexico's largest retailer, surprised analysts on Friday by saying it may sell its restaurant unit, including the popular Vips chain, after receiving interest from potential buyers.

  • Where to Find Opportunities in Luxury Hotel  Friday, 14 Jun 2013 | 5:20 AM ET

    David Sadigh, CEO of Digital Luxury Group, comments on his survey on the luxury hotel sector, the "tremendous opportunities" in emerging markets and why China is "a major part of the equation".

  • OpenTable acquires mobile company JustChalo Thursday, 13 Jun 2013 | 6:47 PM ET

    SAN FRANCISCO-- OpenTable Inc. said Thursday that it bought mobile technology company JustChalo Inc. in a stock-and-cash deal worth $11 million. OpenTable, based in San Francisco, provides an online service for customers to make reservation at restaurants. Shares of OpenTable rose $1.50 to close at $67.14.

  • NEW YORK, June 13- Luxury hotel owner Strategic Hotels and Resorts Inc has hired investment bank Eastdil Secured to explore a possible sale of the real estate investment trust, two sources familiar with the matter said this week. Its shares rose 10.6 percent to $8.53 in late trading on the New York Stock Exchange after the news.

  • Vegas visitor tally flat, room rates up in April Tuesday, 11 Jun 2013 | 10:44 AM ET

    LAS VEGAS-- Tourism officials say they counted 3.34 million visitors to Las Vegas in April, up a slight 0.5 percent from the same month in 2012.. A Las Vegas Convention and Visitors Authority report released Monday showed that that hotel room rates increased almost 7 percent _ from a little more than $108 in April 2012 to just under $116 this year.

  • TORONTO, June 10- Air Canada said on Monday that it expected to cut costs by up to 15 percent in the medium term, even as it boosts capacity, because of lower maintenance expenses, a new-low cost carrier and the addition of tightly packed fuel-efficient planes. Air Canada has also tightened its grip on costs.

  • McDonald's May Sales Jump on Menu Item Tweaks Monday, 10 Jun 2013 | 8:42 AM ET

    McDonald's said sales at its established restaurants around the world rose 2.6 percent in May as it expanded late-night breakfasts and tweaked other menus items.

  • Hotel Guests Can Still Order Food in Their PJs Monday, 10 Jun 2013 | 7:01 AM ET

    The demise of room service may be exaggerated. Hungry travelers still have plenty of options for in-room eating, including hotel grab-and-go items and free local restaurant delivery.

  • Viva Las Vegas! Hyatt, MGM in Loyalty Agreement Friday, 7 Jun 2013 | 1:25 PM ET
    The Las Vegas Strip

    Road warriors loyal to Hyatt can soon earn and redeem rewards at 12 MGM Resorts in Las Vegas, as the companies enter a reciprocal relationship.

  • Simon Cooper, president for Asia Pacific of Marriott International, discusses doing business in Asia, "reputational" risks and Marriott's plans in Myanmar.

  • Reclaim Your Angus: CKE Chief Knocks McDonald's Wednesday, 5 Jun 2013 | 5:18 PM ET
    Carl's Jr.'s Six Dollar Angus Burger.

    Following McDonald's decision to get rid of its Angus Third Pounders, CKE Restaurants' chief executive has taken to YouTube to invite customers to visit his restaurants instead.

  • Red Robin Offering Beer Cocktails This Summer Tuesday, 4 Jun 2013 | 2:31 PM ET

    Combining two hot alcohol trends, the casual chain is offering beer cocktails made with MillerCoors products and served in a reusable can.

  • Checking In With Choice Hotels CEO  Tuesday, 4 Jun 2013 | 7:52 AM ET

    Stephen Joyce, Choice Hotels International president & CEO, explains why the outlook on summer travel is promising this season.

  • June 3- Plans by one of the largest hotels in New York City to jettison room service could spur other hotels to scrap the luxury to improve profits, Hilton Worldwide Inc reported its chief executive said on Monday.

  • Enjoying breakfast in bed or a late-night snack at New York's largest hotel will soon require that you first trek to the lobby for grab and go items.

  • Loews' Tisch on IRS Video, 2014 Super Bowl  Monday, 3 Jun 2013 | 11:42 AM ET

    Jonathan Tisch, Loews Hotels chairman, discusses his reaction to reports the IRS spent millions of dollars on employee conferences and whether cutting back on those conferences will impact the hotel industry.

  • IRS Under Fire, Again  Monday, 3 Jun 2013 | 11:40 AM ET

    Video of IRS employees dancing during an employee conference is stirring up controversy, reports CNBC's John Harwood.

  • Checking In With Hyatt Hotels' CEO  Monday, 3 Jun 2013 | 10:49 AM ET

    Mark Hoplamazian, Hyatt Hotels' president and CEO, discusses the Pritzker family's majority stake in the company and how he intends to increase its earnings.

  • The 'Wild West' of Online Poker Goes Legit in US Saturday, 1 Jun 2013 | 2:12 PM ET

    The boss of UltimatePoker.com—the first legal, real-money poker site in the U.S.—told CNBC that users can only play in one state right now but not for long.

  • CNBC Anchor: 'I'm the Worst Tipper'  Friday, 31 May 2013 | 5:15 AM ET

    CNBC's Steve Sedgwick, comments on a survey which revealed that Germans are the best tippers in the world, and says he doesn't tip because "it's very hard to expense tips".

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