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Hotels, Restaurants and Leisure

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  • TORONTO, Sept 15- Canadian coffee and doughnut chain Tim Hortons Inc on Monday reported strong quarterly same-store sales growth in both the United States and Canada.

  • Shangri-La CEO: Chinese still want luxury Sunday, 14 Sep 2014 | 11:02 PM ET

    Shangri-La Hotels & Resorts remains committed to luxury despite growing concerns about weak fundamentals in the Chinese hotel market.

  • Shangri-La launches new 'Hotel Jen' brand     Sunday, 14 Sep 2014 | 7:31 PM ET

    Greg Dogan, President & CEO of Shangri-La Hotels & Resorts, says the new hotel brand is targeted at the millennial market.

  • Vending machine salad aims to sprout a hotel trend Saturday, 13 Sep 2014 | 1:00 PM ET
    A start-up company, Farmer’s Fridge, has started selling salads from a vending machine at the Chicago Marriott O’Hare as demand grows for healthy food.

    Responding to a request from a millennial, Marriott is testing a new grab-and-go healthy option for its lobby.

  • DUBAI, Sept 13- Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market on Sept. 25 in the market's first flotation for five years, the company said on Saturday.

  • Blasting NFL star's bad tip: Restaurateur not sorry Friday, 12 Sep 2014 | 6:32 PM ET
    Philadelphia Eagles’ running back LeSean McCoy watches from the bench during a preseason game between the Eagles and the New York Jets in Philadelphia.

    The restaurateur who publicly blasted LeSean McCoy for leaving a 20-cent tip told CNBC he won't apologize for starting the controversy.

  • $3M campaign launches against Airbnb Friday, 12 Sep 2014 | 4:45 PM ET
    The Share Better coalition of elected officials, housing groups and community activists has launched a PR campaign to counter Airbnb current ad campaign.

    The peer-to-peer home-sharing website Airbnb faces new opposition in New York.

  • Sept 12- Olive Garden owner Darden Restaurants Inc on Friday reported a quarterly loss, but its results were overshadowed by activist investor Starboard Value LP's release of its revised plan to boost Darden's profit and stock price.

  • Zapata gets artsy at NYC's W hotel     Friday, 12 Sep 2014 | 10:45 AM ET

    Contemporary artist Domingo Zapata, and Scott Gerber, Gerber Group CEO, discuss the launch of "Studio" at the W New York Union Square hotel. Zapata used the lounge as his personal canvas to paint his interpretation of "Alice in Wonderland."

  • TOKYO, Sept 11- Rakuten Inc, Japan's largest e-commerce company, has been actively considering launching a service like website Airbnb that would provide a hub to rent apartments and homes in Japan to short-term guests, two people with knowledge of the developing plans told Reuters.

  • Park City dilemma: Vail Resorts gets its mountain Thursday, 11 Sep 2014 | 2:13 PM ET
    Flags fly on condos at the Park City Mountain Resort on Sept. 2, 2014, in Park City, Utah.

    Vail Resorts on Thursday agreed to buy out Park City Mountain Resort for $182.5 million in cash.

  • Sept 10- Atlantic City's Revel casino-hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, a fraction of the billions of dollars it cost to build.

  • Sept 10- Atlantic City's Casino Hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, according to court documents on Wednesday.

  • *Comes after a string of disappointing Tokyo debuts. TOKYO, Sept 10- Japan's largest recruitment company Recruit Holdings said it is planning an initial public offering worth $1.8 billion, which will test investor appetite for big Tokyo listings after some weak debuts this year.

  • Beijing's anti-graft drive only impacts government spending, says Simon Cooper, President & MD, Asia Pacific at Marriott International, adding that China is still seeing fantastic growth.

  • That was close! Park City ski season to go on Tuesday, 9 Sep 2014 | 1:42 PM ET
    File photo of skiers at the Park City Mountain Resort, January 30, 2014 in Park City, Utah.

    The company that owns the bottom of Park City's most popular ski resort has agreed to pay a $17.5 million bond to maintain access to the top.

  • Sept 9- McDonald's Corp reported a fall in sales at established restaurants across all regions in August, the fifth such monthly drop since CEO Don Thompson took the helm in July 2012.

  • US STOCKS-McDonald's shares lower after August sales Tuesday, 9 Sep 2014 | 8:30 AM ET

    NEW YORK, Sept 9- Shares of McDonald's Corp are lower in premarket trading on Tuesday, with the fast food giant down 0.6 percent at $91.95 in the wake of its August sales data. McDonald's is the third-worst performing Dow component in 2014, behind only General Electric and Boeing Co..

  • In a statement on Tuesday, McDonald's Japan said sales at stores open at least 13 months dropped 25.1 percent in August, while the number of customers fell 16.9 percent, mainly due to concerns about food safety. "At the moment, we don't know how long the impact will last," a McDonald's Japan spokeswoman added.

  • ATLANTA, Sept 8- S. Truett Cathy, the founder of the Chick-fil-A fast-food chain known for its chicken sandwiches as well as for its president's public opposition to gay marriage, died on Monday at age 93, the company said.