Arne Sorenson, Marriott International CEO & president, weighs in on the minimum wage issue and if raising wage rates would impact Marriott's bottom line.» Read More
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.
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.
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".
Just when thousands of urbanites thought they discovered a gold mine in renting out their apartments on Airbnb, regulators and tax collectors are flexing their power.
McDonald's needs kids more than today's kids need McDonald's. Perhaps no one knows that better than CEO Don Thompson, who was grilled by a 9-year-old at the annual meeting.
N.J. officials have seized inventory and demanded records from 29 bars and restaurants that allegedly sold cheap liquor to patrons who thought they were buying premium brands.
Rival online takeout services Seamless North America and GrubHub will combine and create a company covering more than 20,000 restaurants in 500 U.S. cities.
Hoping to increase sales and traffic in their restaurants, fast-food and fast-casual operators are cranking up the menu innovation to produce items that stray from the gastronomic norm.