Late Wednesday the restaurant operator known for its toasted sandwiches said that it anticipates an adjusted profit of approximately 6 cents per share for its fiscal second quarter ended June 29. Analysts surveyed by FactSet expected second quarter profit of 9 cents per share on revenue of $85 million.» Read More
The firm, which declined to comment on future plans for cash returns, said refurbishments to hotels in Asia and the Middle East, Paris and New York would put capital expenditure at around $385 million in 2014, ahead of analyst forecasts, with the impact from hotel and room closures reducing operating profit by $9 million.
Marathons represent big business opportunities for hotels. What properties are doing to draw in runners as guests.
Hundreds of more flights are canceled as airlines struggle with storm-battered Valentine's weekend schedules.
Feb 14- Hyatt Hotels Corp recorded a better-than-expected jump in quarterly revenue as growing confidence in the U.S. economy drew more business travelers and tourists to its hotels in the Americas.
Feb 14- Hyatt Hotels Corp reported a 9 percent rise in quarterly revenue due to higher occupancy and room rates across most of its properties. Net income attributable to Hyatt doubled to $32 million, or 20 cents per share, in the fourth quarter ended Dec. 31 from $16 million, or 9 cents per share, a year earlier. The company's revenue rose to $1.09 billion from $1 billion.
A stay in the royal penthouse suite at the Hotel President Wilson in Geneva is the world's most expensive hotel room, according to Wealth-X. The Asia Squawk Box team discuss. (EDITOR'S NOTE: Wealth-X has clarified that the Four Seasons Hotel offer is $45,000 per night, not $41,000).
*RevPAR from Asia, excluding China, falls 3 pct. An austerity drive by China's government and slow economic activity in the rest of Asia are weighing on U.S. hoteliers' results.
*RevPAR from Asia, excluding China, falls 3 pct. Feb 13- Starwood Hotels& Resorts Worldwide Inc reported fourth-quarter revenue below Wall Street's expectations, partly due to lower occupancy and room rates in Asia, excluding China.
Feb 13- Burger King Worldwide Inc, known for its Whopper hamburgers, reported a better-than-expected 37 percent jump in quarterly profit as new products, including the Big King sandwich and Satisfries french fries, drew customers in North America.
*RevPAR from Asia, excluding China, falls 3 pct. Feb 13- Starwood Hotels& Resorts Worldwide Inc reported fourth-quarter revenue below Wall Street's expectations, partly due to lower occupancy and room rates in Asia, excluding China, and forecast a weak profit for the current quarter.
About 67 million international travelers visited the United States in 2012, a number boosted by a $72 million marketing program.
Winter travel is up, especially among people booking near-term trips to warm-weather destinations.
MUMBAI, Feb 12- Less than nine months after opening the first hotel in Mumbai under its brand, Hong Kong luxury chain operator Shangri-La Asia handed the keys back to the owner.
Dallas, Seattle and other cities are connecting their airports to downtown by rail in hopes of easing headaches and attracting more business.
LOS ANGELES, Feb 11- Raymond Tremblay, a loyal McDonald's Corp customer from Los Angeles, thinks the fast-food chain sells tasty food at reasonable prices and he cannot think of a quick fix that would help end the company's disappointing U.S. performance.
Ted Knighton, Interstate Hotels & Resorts president & COO, discusses the reality of building in Sochi and provides insight into the challenges hotel operators are facing at the Olympics.
Feb 10- McDonald's Corp on Monday reported better-than-expected global sales at established restaurants for January as gains in Europe helped the company offset a sharp decline in the United States. McDonald's, the world's biggest restaurant chain by revenue, said worldwide sales at restaurants open at least 13 months rose 1.2 percent last month.
Customers at 14 hotels in eight states will get free credit monitoring for a year after a data breach.
*New Zealand's sheepmeat trade to China up fivefold to $550 mln. WELLINGTON/ SYDNEY, Feb 7- At a sprawling plant run by New Zealand's biggest meat processor, rows of lamb carcasses hang from meathooks on their way to a cutting room to be chopped, trimmed and shipped out in increasing quantities to China.
Gamblers around the world lost $440 billion last year, and the industry is growing. The US is the biggest market, but China is rising.