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Hotels, Restaurants and Leisure

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  • Chinese airlines look inland for outbound opportunities Wednesday, 13 May 2015 | 11:19 PM ET

    By Fang Yan and Matthew Miller BEIJING, May 14- Chinese airlines are banking on the newly rich in China's inland provinces to drive the next phase of their global expansion, offering flights to destinations like San Jose and Nairobi from cities hundreds of miles from aviation hubs on the Chinese coast. Air China, China Eastern Airlines and China Southern...

  • May 13- Hamburger chain Shake Shack Inc reported a surprise quarterly profit, as they raised prices for their hormone- and antibiotic-free burgers, popular with increasingly health-conscious U.S. customers. Shake Shack, known for its rich milkshakes and crinkle fries, has carved out a niche for itself by offering fresher, better quality food, for which diners...

  • May 13- Hamburger chain Shake Shack Inc reported a surprise quarterly profit and better-than-expected revenue as increasingly health-conscious U.S. customers opted for its hormone- and antibiotic-free burgers. A meal for two at a Shake Shack restaurant costs about $30, considerably more than a meal at fast-food chains such as McDonald's Corp..

  • NEW YORK— Shares of Shake Shack jumped in aftermarket trading Wednesday after the burger chain raised its outlook for revenue for the year. Shake Shack is now forecasting $161 million to $165 million in annual revenue, up from $159 million to $163 million. Shake Shack Inc. stock has more than tripled in value since its IPO in January, and it gained another $4.39, or...

  • Shake Shack first-quarter revenue jumps 56 percent Wednesday, 13 May 2015 | 4:08 PM ET

    May 13- Hamburger chain Shake Shack Inc reported a 56 percent rise in quarterly revenue, as increasingly health-conscious U.S. customers opted for its hormone- and antibiotic-free burgers. The company reported a $12.7 million net loss attributable to Shake Shack, or $1.06 per share, in the first quarter ended April 1, compared with a profit of $1.1 million, or 4...

  • Rave Restaurant Group reports 3Q loss Wednesday, 13 May 2015 | 6:06 AM ET

    THE COLONY, Texas _ Rave Restaurant Group Inc. on Wednesday reported a loss of $570,000 in its fiscal third quarter. Rave Restaurant Group shares have more than doubled since the beginning of the year. Keywords: Rave Restaurant Group, Earnings Report.

  • Sotherly Hotels reports 1Q results Tuesday, 12 May 2015 | 9:13 AM ET

    WILLIAMSBURG, Va. _ Sotherly Hotels Inc. on Tuesday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Williamsburg, Virginia, said it had funds from operations of $3.2 million, or 25 cents per share, in the period. Sotherly Hotels expects full-year funds from operations in the range of $1.20 to $1.28 per share,...

  • ROME— The shipwrecked Costa Concordia cruise liner is finally ready for scrapping, after being gutted of its insides, including furniture and wiring. A pair of tugboats on Tuesday eased the hulking wreck into a section of Genoa harbor where the shell of the ship is expected to start being dismantled in a week. Last summer the Concordia made a more dramatic journey,...

  • Disruptor 50: No. 5 Airbnb Tuesday, 12 May 2015 | 7:00 AM ET
    (Left to right) Brian Chesky, Nathan Blecharczyk and Joe Gebbia, co-founders of Airbnb

    This online marketplace, which allows people with extra space to rent rooms to visitors around the world, may be getting primed for an IPO.

  • Eldorado Resorts reports 1Q loss Monday, 11 May 2015 | 4:30 PM ET

    RENO, Nev. _ Eldorado Resorts Inc. on Monday reported a loss of $6.2 million in its first quarter. Eldorado Resorts shares have increased 75 percent since the beginning of the year. Keywords: Eldorado Resorts, Earnings Report.

  • Hooters Casino Hotel sold for $70 million Monday, 11 May 2015 | 3:48 PM ET

    LAS VEGAS— A real estate broker representing the owners of the Hooters Casino Hotel said the property near the Las Vegas Strip has sold for about $70 million to a New York- based hotel investment company. Michael Parks with CBRE Group in Las Vegas confirmed Monday the 696- room casino-hotel off Tropicana Avenue was sold May 1 to Trinity Hotel Investors LLC.

  • PARIS, May 11- Accor, Europe's largest hotel group, said on Monday it had sealed a deal to open a luxury hotel in Cuba, the 518- room Pullman Cayo Coco, near the Caribbean island's international airport. Accor, which has been operating in Cuba for nearly 20 years, already manages two mid-scale Mercure hotels there, the 178- room Mercure Sevilla Havana in Habana Vieja...

  • Olive Garden's latest plan: Breadstick sandwiches Monday, 11 May 2015 | 9:46 AM ET

    NEW YORK— Olive Garden's plan to win back customers? The restaurant chain owned by Darden Restaurants Inc. says it plans to use its breadsticks for chicken parmigiana and meatball sandwiches starting June 1. The addition of the breadstick sandwiches are just the latest attempt to revamp Olive Garden's menu and marketing after sales at established locations...

  • May 8- Shares of Bojangles Inc rose as much as 47 percent in their debut, valuing the chicken-and-biscuits restaurant chain at nearly $1 billion, as investor appetite for "fast-casual" dining chains continues unabated. Bojangles, which operates in the fastest-growing but crowded restaurant segment, serves southern U.S.-inspired food, including buttermilk...

  • May 8- Shares of Bojangles Inc rose as much as 47 percent in their debut, valuing the chicken-and-biscuits restaurant chain at nearly $1 billion as investor appetite for "fast-casual" dining chains continues unabated. Bojangles' rousing debut follows the January listing of cult hamburger chain Shake Shack Inc, whose shares have risen about 44 percent since the...

  • Bojangles shares jump 47 pct in debut Friday, 8 May 2015 | 10:22 AM ET

    May 8- Shares of Bojangles Inc rose as much as 47 percent in its debut, valuing the chicken-and-biscuits restaurant chain at nearly $1 billion. Advent's stake in Bojangles fell to about 74 percent after the offering from nearly 95 percent. Bojangles' shares were at $41.26 shortly after trading began on the Nasdaq on Friday.

  • McDonald's April restaurant sales fall 0.6 pct Friday, 8 May 2015 | 8:04 AM ET

    May 8- McDonald's Corp's worldwide sales at established restaurants fell 0.6 percent in April as the fast-food giant fights to lure back customers and boost sales. The United States is McDonald's top region for profit. That included an expected 2.3 percent drop in the United States.

  • May 7- Chicken-and-biscuits restaurant chain Bojangles' Inc said its initial public offering of common shares was priced at $19, valuing the company at about $680 million.. The fast-casual restaurant chain's IPO raised about $147 million, with the majority of the proceeds going to its controlling shareholder, private equity firm Advent International Corp..

  • Checking in with Choice Hotels: CEO   Thursday, 7 May 2015 | 8:16 AM ET
    Checking in with Choice Hotels: CEO

    Steve Joyce, Choice Hotels International CEO, discuss the company's quarterly results and its new brand identity.

  • LAS VEGAS, May 6- Billionaire investor Daniel Loeb said on Wednesday that he sees room for restaurant chain company Yum! Brands to potentially split off its China business, but said he is not pushing for that now. Keith Meister, who runs $8 billion hedge fund Corvex Management, said earlier this week that his firm had built up a stake of more than 15 million shares in...