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Hotels, Restaurants and Leisure

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  • 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.

  • Disney hit gets 'Frozen' in time, and on stage Saturday, 20 Dec 2014 | 2:00 PM ET
    Anna and Elsa in DIsney's Frozen On Ice.

    Disney's "Frozen" is still breaking records after more than a year, but in a cooler way—both literal and metaphorical.

  • Icelandair hotel serves cocktail named 'apartheid' Friday, 19 Dec 2014 | 2:56 PM ET
    An Icelandair airplane sits on the tarmac as travelers wait for a flight inside the Akureyi Airport, in this April 24, 2010 photo in Akureyi, Iceland.

    A vodka cocktail served in one of Icelandair's hotels was named 'Apartheid.'

  • The hottest travel trend this holiday: Staycations  Thursday, 18 Dec 2014 | 8:47 PM ET

    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...

  • IHG acquires Kimpton in $430 million deal  Tuesday, 16 Dec 2014 | 7:17 AM ET

    Richard Solomons, InterContinental Hotels CEO, discusses IHG's hot hospitality merger with boutique hotel operator Kimpton.

  • LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, has agreed to buy U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the faster-growing boutique hotel sector. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings...

  • LONDON, Dec 16- InterContinental Hotels Group, one of the world's largest hoteliers, said it had agreed to acquire U.S.-focused Kimpton Hotels& Restaurants for $430 million to boost its exposure to the boutique hotel space. IHG, home to the Crowne Plaza, Holiday Inn and InterContinenal brands, said on Tuesday that the cash acquisition would be earnings enhancing...

  • PARIS, Dec 14- French hotel operator Accor announced a strategic alliance with China Lodging Group on Sunday to create a major new player in the fast-growing Chinese domestic travel and hospitality market. The partnership "will leverage the strengths of Accor's global brands with a leading player in Chinese hospitality," Accor Chairman and Chief Executive...

  • PARIS, Dec 14- French hotel operator Accor announced a strategic alliance with China Lodging Group on Sunday to create a major new player in the fast-growing Chinese domestic travel and hospitality market. The deal will combine the French hotel operator's brands including Ibis with more than 2,000 existing establishments run by China Lodging's Huazhu...