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Hotels, Restaurants and Leisure

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  • 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...

  • Harvard prof had another food fight: Report Thursday, 11 Dec 2014 | 8:56 AM ET
    Benjamin Edelman in 2005

    Harvard's Benjamin Edelman, who apologized for an email blitz over a $4 overcharge, had a previous fight with another eatery, Boston.com reports.

  • WASHINGTON, Dec 11- Fast food chain Burger King will avoid hundreds of millions of dollars in U.S. taxes if, as planned, it completes its pending buyout of Canadian coffee-and-doughnuts chain Tim Hortons, a tax activist group said on Thursday. In one of the most notable of several corporate tax "inversion" deals this year, Florida- based Burger King announced in late...

  • Hilton Worldwide in talks to buy four hotels - Bloomberg Wednesday, 10 Dec 2014 | 4:25 PM ET

    Dec 10- Hilton Worldwide Holdings Inc is in talks to buy four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. The company is planning to buy San Francisco's Parc 55 Wyndham, two Waldorf Astoria resorts in Key West and one in Orlando, Florida, the report said, citing...

  • Dec 10- The new proposed buyer for the shuttered Revel Casino Hotel said Wednesday that he will not give up his legal challenge to the auction of the Atlantic City, New Jersey, complex even though the winning bidder walked away from the deal. Revel filed papers overnight seeking approval to terminate its deal with Brookfield Property Partners LP and schedule a...

  • UPDATE 3-McDonald's to pare U.S. menus, ingredient lists Wednesday, 10 Dec 2014 | 2:49 PM ET

    Dec 10- McDonald's Corp said on Wednesday it plans to cut the number of items on its U.S. menus and use fewer ingredients in food as it moves to speed up service, bolster sales and offer consumers personalized options to compete better with Subway and Chipotle Mexican Grill. The company is testing its slimmed-down menus in six markets, including Bakersfield,...

  • Dec 10- McDonald's Corp in January will cut eight food items and reduce the number of so-called Extra Value Meals on its U.S. menus in a bid to speed up service and bolster sales, Mike Andres, the company's U.S. president, said on Wednesday. The company is testing its slimmed-down menus in six markets, including Bakersfield, California, and Knoxville, Tennessee, a...

  • KFC calls on Chinese diners to inspect its kitchen Wednesday, 10 Dec 2014 | 3:59 AM ET

    SHANGHAI, Dec 10- KFC has a message for Chinese diners worried about eating their fried chicken after a safety scare at the fast food chain: come see how we operate for yourself. China is the biggest market by sales for KFC's parent Yum Brands Inc, but sales have slowed since July after a television report alleged that workers at a Yum supplier were adding expired...