Oct 21- McDonald's Corp Chief Executive Officer Don Thompson owned up to some corporate image problems on Tuesday after it posted a nearly one-third drop in quarterly profit and warned that its global restaurant sales would fall again this month. Stock in the fast-food chain, which Thompson conceded is sometimes seen as little more than "a manufacturing plant,"...» Read More
Corporate expense reports are seeing an eye-popping rate of growth from employees using sharing-economy businesses.
About 1.8 million Chinese tourists visit the U.S. each year and that number is expected to rise 20 percent annually.
LOS ANGELES, May 3- When the U.S. economy crashed in 2008, following the implosion of the housing market, Dave Klein's southern California construction company almost folded. Some returned home to El Salvador, others to Mexico.
Price and quality of information are the two top elements customers want from a trip booking site, according to a new survey.
As some hotels have added ladies-only floors to increase security and add amenities, one court has said it's unfair.
To save on your summer vacation, you'll need to get creative. Here are six tricks to cut airfares and hotel stays with minimal effort.
April 30- Hyatt Hotels Corp said it expected occupancy and room rates at its hotels to remain strong as U.S. business travel continues to grow. The owner of the Park Hyatt, Grand Hyatt and Hyatt Regency chain of hotels reported a first-quarter profit above analysts' estimates, partly helped by a tight supply of rooms.
April 30- Hyatt Hotels Corp reported a 10 percent rise in quarterly revenue as growth in business travel in North America boosted both occupancy and room rates. Net income attributable to Hyatt rose to $56 million, or 36 cents per share, in the first quarter, from $8 million, or 5 cents per share, a year earlier.
April 29- Marriott International posted a better-than-expected quarterly profit as increased business travel boosted occupancy and allowed the company to raise room rates in North America.
April 29- Marriott International Inc, the operator of the Ritz-Carlton and Renaissance hotel chains, reported a 26 percent rise in quarterly profit, helped by higher room rates and occupancy in North America. The company's net income rose to $172 million, or 57 cents per share, in the first quarter ended March 31 from $136 million, or 43 cents per share, a year earlier.
*Costa to open five new stores in France. LONDON, April 29- Britain's Whitbread beat forecasts with a 16.5 percent jump in full-year profit and said it would expand its Costa Coffee chain in France after a trial showed strong demand.
Shares of the company, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise, fell as much as 3.2 percent in early trading. Royal Caribbean said its cruise operations were hurt by several mishaps in the first quarter. Royal Caribbean has also been struggling to boost sales in the Caribbean, its biggest market.
Emirates Airline, the world's largest operator of A380s, offers aspiring pilots "flights" to any of a dozen major airports around the world.
Oversupply is a major issue in the Chinese hospitality market, CEO of luxury hotel group Hong Kong and Shanghai Hotels Clement Kwok told CNBC.
Four Seasons is launching its first private jet, which will hold just 52 people, reports CNBC's Robert Frank.
Four Seasons is announcing today that it is launching the industry's first fully branded private jet. CNBC's Robert Frank reports the jet is a converted 757 that will hold just 52 people.
Peer-to-peer home rental site gets its day in court.
One of the major disruptors in the lodging industry heads to court Tuesday to defend the way it does business.
The environmentally-friendly alternative housing movement is expanding to the hotel industry.
The art deco-designed Raleigh Hotel in South Beach has a fashionable new owner.