Hilton raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of its range.» Read More
McDonald's is launching a new experiment with premium-quality, build-your-own-burgers, The Orange County Register reported.
Passengers are spending more at airports, due in part to unique offerings. In 2012 travelers spent $630 million on retail items in U.S. terminals.
McDonald's plans to spend up to $3 billion next year to open 1,500 new restaurants and remodel 1,000 others.
Nov 14- McDonald's Corp on Thursday said it plans to spend $2.9 billion to $3 billion next year to open 1,500 to 1,600 new restaurants and remodel about 1,000 others- roughly in line with this year's reduced spending forecast.
Nov 13- Shares of Extended Stay America Inc rose as much as 19 percent in their market debut on Wednesday, valuing the hotel chain at about $4.8 billion as investors bet on the recovery in the U.S. hotel sector.
Former Starbucks CEO and current Extended Stay America CEO Jim Donald, celebrates his IPO day at the NYSE. "We will end Q1 of 2014 with over 50 percent of our properties with platinum renovations," he says.
Nov 13- Shares of hotel chain Extended Stay America Inc rose as much as 15 percent in their market debut, valuing the company at about $4.6 billion. Extended Stay shares opened at $22.75 and touched a high of $22.96 on the New York Stock Exchange on Wednesday. Deutsche Bank, Goldman Sachs and J.P. Morgan were the lead underwriters for the offering.
Nov 12- Mountain resort operator Intrawest Resorts Holdings, owned by private equity firm Fortress Investment Group LLC, filed with U.S. regulators to raise up to $100 million in an initial public offering of common stock.
Nov 8- McDonald's Corp reported lower-than-expected comparable-restaurant sales for October as sales fell in Japan. Global sales at restaurants open for more than a year rose 0.5 percent in October, but the growth was below the average analyst estimate of 0.6 percent, according to nine analysts polled by Thomson Reuters.
Nov 8- McDonald's Corp reported lower-than-expected comparable-restaurant sales for October as sales fell in Japan and remained weak in the United States. In Europe, sales rose 0.8 percent as more customers ate at its restaurants in the UK, France and Russia.
WELLINGTON, Nov 8- Tourists from China have been flooding into New Zealand and now a Shanghai- based property developer has bought an upmarket resort and plans a major upgrade to attract wealthy Chinese travellers to the South Pacific country. China is the second-biggest source of visitors to New Zealand.
Shares of Wendy's, the second-largest U.S. hamburger chain, plunged after the fast food chain reported lower-than-expected quarterly revenue.
Nov 7- Canadian coffee and doughnut chain Tim Hortons Inc reported an 8 percent rise in quarterly profit as same-store sales improved slightly in the United States. The company, which says it sells eight of every 10 cups of coffee sold in Canada, said U.S. same-store sales rose by 3 percent, while same-store sales in Canada increased 1.7 percent.
Nov 7- Wendy's Co, the second-largest U.S. hamburger chain, reported lower-than-expected quarterly revenue, sending its shares down 9 percent in premarket trading. The company's third-quarter revenue rose about 1 percent to $640.8 million but missed the average analyst estimate of $643.4 million, according to Thomson Reuters I/B/E/S.
*Third-quarter earnings/share $0.11 vs est $0.11. Nov 6- Restaurant operator Noodles& Co reported lower-than-expected revenue in its second quarter as a public company, citing a tepid consumer spending environment.
Gabriel Escarrer, CEO of Melia Hotels International, discusses the group's newest hotel in Dubai, the Middle East's "huge potential" and how diversifying risk helped them perform during the crisis.
Business travelers plan to take more trips in the coming months, according to industry forecasts. They'll find slightly higher hotel prices.
Marriott and Hyatt reported stronger-than-expected profits as a rebound in U.S. business travel boosted hotel occupancy and room rates.
Arne Sorenson, Marriott International CEO & president, breaks down the hotel company's earnings and shares his strategy to expand globally. A little over fifty-percent of all the rooms in the pipeline are overseas, Sorenson says.
Oct 31- Hotel chain Extended Stay America Inc said it expects to sell 28.3 million common shares at $18- $21 each in an initial public offering, valuing the company at as much as $4.2 billion.