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Hotels, Restaurants and Leisure

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  • *McDonald's Japan expecting first annual loss in 11 years. TOKYO, Jan 7- McDonald's Japan has apologised to customers and vowed to ensure product safety after objects including a tooth and plastic were found recently in its food, the latest trouble for a fast-food chain hit by sliding sales and a shortage of french fries. McDonald's Japan brought in Chief...

  • SHANGHAI, Jan 7- Food and drug safety in China is "grim" and will get stronger oversight, the food and drug regulator said on Wednesday, after a series of scares last year hit the reputations of global firms such as McDonald's Corp and Wal-Mart Stores Inc.. Safety scares have affected the reputations and China sales of global companies from U.S. fast-food chains...

  • Friendly's franchisee J&B files for bankruptcy protection Wednesday, 7 Jan 2015 | 12:08 AM ET

    Jan 6- Friendly's franchisee J&B Restaurant Partners of Long Island II LLC and certain affiliates filed for Chapter 11 bankruptcy protection on Tuesday as part of a pre-negotiated restructuring plan. The owner of 37 Friendly's restaurants in New York, New Jersey and Connecticut expects to exit bankruptcy over the next six months and to remodel at least 11...

  • "Hamburgers don't go with arepas and this salad I accepted doesn't taste of anything," moaned student Indira Silva, 27, at a fast-food outlet in affluent eastern Caracas. Arcos Dorados S.A., McDonald's Corp's key operator in Latin America, did not reply to queries about whether Venezuela's Byzantine three-tiered exchange rate system was to blame.

  • CAMDEN, New Jersey, Jan 5- A U.S. bankruptcy judge approved on Monday the sale of the shuttered Revel Casino Hotel in Atlantic City, New Jersey, to a Florida developer for $95.4 million, a price the buyer said he now doesn't want to pay. Judge Gloria Burns in Camden, New Jersey, approved the sale to Glen Straub but rejected his argument that the price should be cut to $87...

  • 2015 travel hotspots: Cuba and...Russia? Saturday, 3 Jan 2015 | 11:00 AM ET
    Air Traffic Controller Robert Moreland works in the control tower at Opa-locka airport in Florida.

    Flying to Moscow can be cheaper than Miami these days—and you won't even need to visit in the winter.

  • NEW YORK, Jan 2- Shake Shack Inc's filing this week for an initial public offering underscores a question for investors and foodies alike: How hungry are U.S. consumers for another burger chain? A key part of Shake Shack's growth strategy involves expanding its locations beyond its New York base, and investors and analysts are bullish on its prospects.

  • Hyatt best hotel brand play for 2015: Analyst  Friday, 2 Jan 2015 | 9:48 AM ET

    David Loeb, Baird analyst, explains why he thinks Hyatt is best positioned to reap benefits in the hospitality sector.

  • Buildings along the Singapore River are featured in this picture.

    Singapore's economic growth disappointed in the fourth quarter, as manufacturing contracted and tourism slumped.

  • Hangover cure comes with a real doctor and IV Wednesday, 31 Dec 2014 | 12:25 PM ET

    New Year's Eve is one of the biggest nights of the year for champagne sales. New Year's Day is one of the biggest days of the year for hangover cures.

  • 2015 travel & leisure predictions  Tuesday, 30 Dec 2014 | 9:53 AM ET

    CNBC's Simon Hobbs breaks out his 2015 playbook for the travel and leisure sector and reveals some big predictions for the coming year.

  • UPDATE 2-Burger chain Shake Shack files for IPO Monday, 29 Dec 2014 | 2:59 PM ET

    Dec 29- Burger chain Shake Shack Inc, which grew out of a hot dog stand in New York's Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors. Meyer's Union Square Hospitality Group LLC also runs other popular New York eateries, including Blue Smoke, Gramercy Tavern...

  • Dec 29- Fast food chain Shake Shack Inc, which grew out of a hot dog stand in New York's Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors. Meyer's Union Square Hospitality Group LLC also runs other popular New York eateries, including Blue Smoke, Gramercy...

  • These hotel stocks will surge in 2015: Analyst Monday, 29 Dec 2014 | 12:09 PM ET
    The New York Hilton midtown hotel is show in this December 2013 photo.

    A strengthening dollar that threatens international tourism volume shouldn't hurt hotels in 2015, an analyst told CNBC on Monday.

  • Fast food restaurant chain Shake Shack files for IPO Monday, 29 Dec 2014 | 11:27 AM ET

    Dec 29- Fast food restaurant chain Shake Shack Inc has filed with U.S. regulators for an initial public offering of common stock with a nominal fundraising target of $100 million. J.P. Morgan, Morgan Stanley and Goldman Sachs are among the major underwriters for the IPO, according to Shake Shack's preliminary prospectus. The amount of money a company says it plans...

  • The federal bureaucracy just grew by 1,000 Friday, 26 Dec 2014 | 8:41 AM ET
    A future office of the Citizenship and Immigration Services agency, in Arlington, Va., Dec. 25, 2014.

    The cost of Obama's immigration order: nearly $8 million a year in lease payments and more than $40 million in salaries. The NYT reports.

  • TripAdvisor fined $600,000 for fake reviews Tuesday, 23 Dec 2014 | 11:24 AM ET

    Italy's antitrust authority has fined TripAdvisor 500,000 euros ($600,000) following complaints of improper business practices.

  • Gerber Group preps for New Year's Eve  Tuesday, 23 Dec 2014 | 10:50 AM ET

    Scott Gerber, Gerber Group founder, discusses New York real estate and how the nightlife industry is faring in the run-up to New Year's Eve.

  • WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...

  • What's good for the dollar is good for US tourists Sunday, 21 Dec 2014 | 2:08 PM ET

    The U.S. dollar's increased buying power has presented opportunities for Americans to jet off to more exotic places.