WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are...» Read More
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.
David Loeb, Baird analyst, explains why he thinks Hyatt is best positioned to reap benefits in the hospitality sector.
Singapore's economic growth disappointed in the fourth quarter, as manufacturing contracted and tourism slumped.
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.
CNBC's Simon Hobbs breaks out his 2015 playbook for the travel and leisure sector and reveals some big predictions for the coming year.
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...
A strengthening dollar that threatens international tourism volume shouldn't hurt hotels in 2015, an analyst told CNBC on Monday.
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 cost of Obama's immigration order: nearly $8 million a year in lease payments and more than $40 million in salaries. The NYT reports.
Italy's antitrust authority has fined TripAdvisor 500,000 euros ($600,000) following complaints of improper business practices.
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...
The U.S. dollar's increased buying power has presented opportunities for Americans to jet off to more exotic places.
Disney's "Frozen" is still breaking records after more than a year, but in a cooler way—both literal and metaphorical.
A vodka cocktail served in one of Icelandair's hotels was named 'Apartheid.'
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...