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Hotels, Restaurants and Leisure

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  • The 'LeBron Effect' turns out to mean real dollars Monday, 1 Jun 2015 | 11:41 AM ET
    LeBron James drives against DeMarre Carroll of the Atlanta Hawks during Game 3 of the Eastern Conference Finals at Quicken Loans Arena on May 24, 2015.

    As LeBron James and the Cleveland Cavaliers gear up for 2015 NBA Finals, the team's investment in the 11-time NBA All-Star appears to be paying off.

  • Focused on quality of growth: Four Seasons CEO Monday, 1 Jun 2015 | 10:51 AM ET
    Focused on quality of growth: Four Seasons CEO

    Allen Smith, Four Seasons Hotels & Resorts CEO, joins CNBC's Simon Hobbs to discuss the outlook on business and expectations on service.

  • May 27- McDonald's Corp will stop reporting monthly same-store sales after June to focus on longer-term actions as part of its turnaround plan, the newly-appointed chief executive of the world's biggest restaurant chain said. "Disclosing comparable sales as part of our quarterly reporting is consistent with nearly all retailers and will provide a greater...

  • May 27- McDonald's Corp will stop reporting monthly same-store sales after June, Bloomberg reported, citing an email from the retailer. The world's biggest restaurant chain will stop providing the closely-watched metric for each month after reporting second-quarter results, Bloomberg said. McDonald's was not immediately available for comment.

  • Retailers Walgreen Co and Payless Shoesource Inc, and hotel chain group Choice Hotels International Inc on Tuesday followed the lead of General Mills Inc in removing their ads from the program. "We share your concerns and we have decided to remove our advertising from the show," said Choice Hotels, which runs Comfort Inn and Econo Lodge chains, among others.

  • May 26- Taco Bell and Pizza Hut, two of Yum Brands Inc's largest restaurant chains, said they would remove artificial colors and flavors from their food as consumers shift to products perceived as healthier. Taco Bell said on Tuesday it planned to replace all artificial flavors and colors and some additives such as trans-fats in its foods with natural...

  • Marriott: 'Hotel occupancy still good in Macau' Monday, 25 May 2015 | 9:16 PM ET
    Marriott: 'Hotel occupancy still good in Macau'

    Simon Cooper, managing director for Asia Pacific at Marriott International, says occupancy rates in Macau are unaffected by the fall in gaming revenues hence the decision to open the 1,000-room JW Marriott.

  • JOHANNESBURG, May 25- South African fast-food restaurant group Famous Brands plans to enter Ghana this year as part of its drive to grow beyond a domestic market held back by high unemployment and sharply rising electricity costs. However the company, which runs Steers, Debonairs Pizza and Wimpy restaurants, said on Monday it was pulling out of India less than...

  • LOS ANGELES/ BOSTON, May 21- McDonald's Corp shareholders defied executives at its annual meeting on Thursday, approving a proposal to make it easier to nominate directors to the board of the fast-food chain and taking its new CEO to task over wages, advertising and its food. McDonald's Chief Executive Steve Easterbrook, who took the helm on March 1, is fighting on...

  • LOS ANGELES/ BOSTON, May 21- McDonald's Corp shareholders on Thursday approved a proposal that would make it easier to nominate directors to the board of the fast-food chain, which is in turnaround mode after losing customers and sales to competition and after internal missteps. The California Public Employees' Retirement System and the New York City Pension...

  • Hotel outlook sunny but dark clouds loom Thursday, 21 May 2015 | 7:23 AM ET
    Hotel outlook sunny but dark clouds loom

    Jonathan Tisch, Loews Hotel chairman, shares his outlook on tourism, and weighs in on the strong U.S. dollar and whether there is a hotel room glut in New York City.

  • LOS ANGELES/ BOSTON, May 21- McDonald's Corp shareholders will vote Thursday on a proposal that would make it easier to nominate directors to the board of the fast-food chain, which is in turnaround mode after losing customers and sales to competition and after internal missteps. Vanguard Group and BlackRock Inc, major investors that hold significant stakes in...

  • CHICAGO, May 20- Thousands of McDonald's workers seeking a minimum wage of $15 per hour swarmed the fast-food giant's headquarters for the first of two days of protests to coincide with the fast-food chain's annual meeting on Thursday. Companies such as McDonald's Corp and Wal-Mart Stores Inc are raising starting pay and cities like Seattle and Chicago are...

  • Why Asia's first Nobu Hotel is in Manila Monday, 18 May 2015 | 7:20 PM ET
    Why Asia's first Nobu Hotel is in Manila

    CNBC's Susan Li speaks to Robert de Niro and his business partners about why they chose to open Asia's first Nobu Hotel in the Philippines.

  • May 15- Some of the top U.S. hedge fund investors and activists, including Jana Partners LLC took new positions or raised their equity stakes in fast food chain McDonald's Corp during the first quarter, according to regulatory filings on Friday. Highfields Capital Management LP raised its stake more than 1,000 percent to 9.8 million shares, valued at about...

  • May 14- Restaurant chain operator El Pollo Loco Holdings Inc reported weaker-than-expected quarterly comparable sales and forecast a full-year profit largely below estimates, as customer traffic at its restaurants grew at its slowest pace since the company went public in July last year. The company's net income rose to $6.8 million, or 17 cents per share, in...

  • May 14- Restaurant chain operator El Pollo Loco Holdings Inc reported weaker-than-expected quarterly comparable sales, sending its shares down 11 percent in after-market trading on Thursday. The company's net income rose to $6.8 million, or 17 cents per share, in the first quarter ended April 1, from $5.5 million or 18 cents per share, a year earlier.

  • NEW DELHI, May 14- India's Supreme Court has deferred a decision on media-to-hotels group Sahara's bid to obtain bail for its boss, jailed more than a year ago in a long-running dispute over illegal bonds. India's capital market regulator and the court have estimated that Sahara owes as much as $7 billion to the bond investors. The Supreme Court has previously...

  • US STOCKS-Futures higher ahead of weekly jobless data Thursday, 14 May 2015 | 7:36 AM ET

    May 14- U.S. stock index futures were higher on Thursday ahead of weekly jobless numbers, after the market closed little changed on Wednesday on weak April retail sales data. *Dow component Cisco fell 1.2 percent to $29 after the company beat estimates but said spending by telecom customers was not going to improve in the near future. *Puma Biotechnology shares...

  • 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...