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Hotels, Restaurants and Leisure

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  • UPDATE 2-Burger chain Shake Shack files for IPO Monday, 29 Dec 2014 | 2:59 PM ET

    Dec 29- Burger chain Shake Shack Inc, which grew out of a hot dog stand in New York's Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors. Meyer's Union Square Hospitality Group LLC also runs other popular New York eateries, including Blue Smoke, Gramercy Tavern...

  • Dec 29- Fast food chain Shake Shack Inc, which grew out of a hot dog stand in New York's Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors. Meyer's Union Square Hospitality Group LLC also runs other popular New York eateries, including Blue Smoke, Gramercy...

  • These hotel stocks will surge in 2015: Analyst Monday, 29 Dec 2014 | 12:09 PM ET
    The New York Hilton midtown hotel is show in this December 2013 photo.

    A strengthening dollar that threatens international tourism volume shouldn't hurt hotels in 2015, an analyst told CNBC on Monday.

  • Fast food restaurant chain Shake Shack files for IPO Monday, 29 Dec 2014 | 11:27 AM ET

    Dec 29- Fast food restaurant chain Shake Shack Inc has filed with U.S. regulators for an initial public offering of common stock with a nominal fundraising target of $100 million. J.P. Morgan, Morgan Stanley and Goldman Sachs are among the major underwriters for the IPO, according to Shake Shack's preliminary prospectus. The amount of money a company says it plans...

  • TripAdvisor fined $600,000 for fake reviews Tuesday, 23 Dec 2014 | 11:24 AM ET

    Italy's antitrust authority has fined TripAdvisor 500,000 euros ($600,000) following complaints of improper business practices.

  • Gerber Group preps for New Year's Eve   Tuesday, 23 Dec 2014 | 10:50 AM ET
    Gerber Group preps for New Year's Eve

    Scott Gerber, Gerber Group founder, discusses New York real estate and how the nightlife industry is faring in the run-up to New Year's Eve.

  • WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...

  • What's good for the dollar is good for US tourists Sunday, 21 Dec 2014 | 2:08 PM ET
    Paris cafe with Eiffel Tower in background

    The U.S. dollar's increased buying power has presented opportunities for Americans to jet off to more exotic places.

  • Disney hit gets 'Frozen' in time, and on stage Saturday, 20 Dec 2014 | 2:00 PM ET
    Anna and Elsa in DIsney's Frozen On Ice.

    Disney's "Frozen" is still breaking records after more than a year, but in a cooler way—both literal and metaphorical.

  • Icelandair hotel serves cocktail named 'apartheid' Friday, 19 Dec 2014 | 2:56 PM ET
    An Icelandair airplane sits on the tarmac as travelers wait for a flight inside the Akureyi Airport, in this April 24, 2010 photo in Akureyi, Iceland.

    A vodka cocktail served in one of Icelandair's hotels was named 'Apartheid.'

  • The hottest travel trend this holiday: Staycations   Thursday, 18 Dec 2014 | 8:47 PM ET
    The hottest travel trend this holiday: Staycations

    In Asian cities, such as Singapore, people are increasingly opting to holiday close to home, says Abhiram Chowdhry, APAC Vice President at Hotels.com.

  • *Olive Garden 2nd- qtr same-store sales up 0.5 pct. Dec 16- Darden Restaurants Inc, whose entire board was replaced by activist investor Starboard Value LP, reported a 4.9 percent rise in quarterly sales and raised the lower end of its adjusted profit forecast for the full year. Darden said it now expects adjusted profit of $2.25- $2.30 per share from continuing...

  • Dec 16- Darden Restaurants Inc reported a 4.9 percent rise in quarterly sales, helped by higher comparable sales at its flagship Olive Garden chain, and raised the lower end of its adjusted profit forecast for the full year. The company has suffered more than a year of traffic declines at Olive Garden, which accounts for more than half of Darden's overall revenue...

  • IHG acquires Kimpton in $430 million deal   Tuesday, 16 Dec 2014 | 7:17 AM ET
    IHG acquires Kimpton in $430 million deal

    Richard Solomons, InterContinental Hotels CEO, discusses IHG's hot hospitality merger with boutique hotel operator Kimpton.

  • LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, has agreed to buy U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the faster-growing boutique hotel sector. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings...

  • LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, said it had agreed to acquire U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the boutique hotel space. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings enhancing...

  • PARIS, Dec 14- French hotel operator Accor announced a strategic alliance with China Lodging Group on Sunday to create a major new player in the fast-growing Chinese domestic travel and hospitality market. The partnership "will leverage the strengths of Accor's global brands with a leading player in Chinese hospitality," Accor Chairman and Chief Executive...

  • PARIS, Dec 14- French hotel operator Accor announced a strategic alliance with China Lodging Group on Sunday to create a major new player in the fast-growing Chinese domestic travel and hospitality market. The deal will combine the French hotel operator's brands including Ibis with more than 2,000 existing establishments run by China Lodging's Huazhu...

  • Playing the numbers—with marriage—on a lucky day Saturday, 13 Dec 2014 | 12:34 PM ET

    Saturday is the last numerically sequential date in the calendar for nearly two decades, sending wedding demand soaring.

  • Dec 11- Yum Brands Inc said on Thursday its sales at established restaurants in China dropped 15 percent in November but are improving from that level this month. "Our No. 1 priority is the China turnaround," Chief Executive Officer David Novak said at the company's investor and analyst conference in New York City. Yum, the owner of the KFC and Pizza Hut chains, is the...