TORONTO, June 18- Canada's Tim Hortons Inc is under mounting pressure from activist investors to boost shareholder value a few weeks before a new CEO takes over after a second hedge fund said it had amassed a big stake in the coffee and doughnut chain.» Read More
*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.
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".
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.
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 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.
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.
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.
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.
Combining two hot alcohol trends, the casual chain is offering beer cocktails made with MillerCoors products and served in a reusable can.
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.
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.
Video of IRS employees dancing during an employee conference is stirring up controversy, reports CNBC's John Harwood.
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 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'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".