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Hotels, Restaurants and Leisure

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  • Dec 9- Yum Brands Inc lowered its profit forecast for the year for the second time, hurt by slower-than-expected sales recovery in China following a food safety scare in July. A television report early July showing improper meat handling by supplier Shanghai Husi Food scared away customers in China, Yum's biggest market by sales. U.S.-based fast-food chains...

  • 'Mistletoe' drone at TGI Fridays injures woman Tuesday, 9 Dec 2014 | 12:20 PM ET
    The drones were intended to hover over couples and inspire a little "mobile mistletoe mischief," according to TGI Fridays.

    The drone at a Brooklyn TGI Fridays was intended to inspire couples to get romantic, but a piece of customer's nose was chipped off instead.

  • Dec 8- McDonald's Corp reported a steeper-than-expected fall in global same-restaurant sales in November and said current-quarter results would be hurt by the after-effects of a supplier scandal in China and a stronger dollar. The world's largest restaurant chain has been battling competition from Wendy's Co and Burger King Worldwide Inc as well as from...

  • Dec 8- McDonald's Corp reported a steeper-than-expected fall at global established restaurants in November, hurt by increased competition in the United States and the after-effect of a supplier scandal in China. Shares of the world's largest restaurant chain by revenue fell 2.4 percent in premarket trading. McDonald's worldwide sales at restaurants open...

  • IHG agrees to sell Paris-Le Grand to Constellation Monday, 8 Dec 2014 | 2:14 AM ET

    LONDON, Dec 8- InterContinental Hotels Group, one of the world's largest hoteliers, said on Monday it had agreed to sell its Paris- Le Grand hotel for 330 million euros to Constellation Hotels. IHG said it had accepted the offer from Constellation, which was announced in August, following a period of consultation with employees. The deal is expected to complete by...

  • These are the most-searched vacation spots of 2014 Thursday, 4 Dec 2014 | 1:53 PM ET
    Showgirls at famous Las Vegas welcome sign

    Yahoo has reported the most searched destinations on its website for 2014.

  • Dec 4- Workers in the fast-food, home care and airline industries are staging protests and strikes throughout the United States on Thursday to advocate for a $15 minimum wage and other labor rights. Workers are expected to stage strikes and walkouts at both fast-food restaurants like McDonald's, Burger King and Wendy's, and major airports like John F. Kennedy...

  • 'Incredible craze' over new bourbon: Maker's Mark Wednesday, 3 Dec 2014 | 6:35 PM ET

    Maker's Mark is releasing a new bourbon and it's causing an "incredible craze … like nothing we've ever experienced," says chairman emeritus.

  • When gas prices drop, America goes on vacation Wednesday, 3 Dec 2014 | 8:00 AM ET
    Signage for the Courtyard Bali Nusa Dua hotel, operated by Marriott International, is displayed in Bali, Indonesia.

    When gas prices plummet, U.S. consumers use that extra cash to hit the road or fly to the Caribbean and Las Vegas, benefiting travel stocks.

  • Hitting the slopes! Early winter boosts skiing Sunday, 30 Nov 2014 | 8:59 AM ET

    With much of the U.S. experiencing a cold front and snow already falling, resorts are getting a head start on ski season.

  • Insurance against terror: Host Hotels CEO  Wednesday, 26 Nov 2014 | 7:40 AM ET

    Ed Walter, Host Hotels & Resorts CEO, shares his thoughts on the importance of passing terrorism insurance legislation.

  • Controversial start-up wins Inc.’s big award Tuesday, 25 Nov 2014 | 12:27 PM ET
    Airbnb webpage

    Inc.'s editor-in-chief explains why Airbnb was just named the magazine's company of the year.

  • New FDA rules will put calorie counts on menus Tuesday, 25 Nov 2014 | 3:43 AM ET
    Water menu at Ray's and Stark in Los Angeles.

    Whether they want to or not, consumers will soon know how many calories they are eating when ordering off the menu at chain restaurants.

  • BEIJING, Nov 23- Chinese property developer Dalian Wanda Group plans to build more than 150 premium hotels around the world by 2018 in an expansion of its luxury hotel business, state news agency Xinhua said on Sunday. The announcement comes as Dalian Wanda Commercial Properties, a subsidiary of Dalian Wanda Group, plans to raise up to $6 billion in a Hong Kong...

  • Vail Resorts CEO is bullish on ski season Friday, 21 Nov 2014 | 12:18 PM ET
    Skiers on a slope in Breckenridge, near Vail, Colorado.

    Snow is coming, ski conditions are "fantastic" and the outlook is bright for Vail Resorts, its CEO told CNBC Friday.

  • *Habit Restaurants shares more-than-double in debut. Nov 20- Shares of Habit Restaurants Inc more than doubled in their trading debut, underscoring the growing appetite among investors for stocks of fast casual restaurant chains- increasingly, the choice of health-conscious diners. Restaurants such as El Pollo Loco Holdings Inc and Zoe's Kitchen Inc, which...

  • Ireland's new hotel king: Billionaire John Malone Thursday, 20 Nov 2014 | 12:17 PM ET
    The Limerick Strand Hotel is shown near the banks of the River Shannon in Limerick, Ireland.

    Cable billionaire John Malone is the largest landowner in the U.S. Now, he's becoming one of the biggest real-estate holders in Ireland.

  • Nov 20- Shares of Habit Restaurants Inc, known for its charburgers, doubled in their first day of trading, making it the most successful debut by a fast casual restaurant chain in the United States this year. The stock opened at $30 and shot up to $36, double its IPO price of $18, within five minutes of trading on the Nasdaq. Habit Restaurants' revenue rose 43 percent to...

  • FACTBOX-U.S. restaurants' IPO proceeds double in 2014 Thursday, 20 Nov 2014 | 10:43 AM ET

    Nov 20- Habit Restaurants Inc's initial public offering on Wednesday raised $90 million, making it the fifth restaurant chain to list on U.S. stock exchanges so far this year. Restaurant IPOs have raised about $486 million this year, more than double the amount raised in the same period last year. Month/Year Company IPO Price Proceeds.

  • Burger chain Habit Restaurants' shares double in debut Thursday, 20 Nov 2014 | 10:39 AM ET

    Nov 20- Shares of Habit Restaurants Inc, a fast food restaurant chain known for its charburgers, doubled in their market debut, valuing the company at about $909.1 million. The initial public offering of 5 million Class A shares raised $90 million after being priced at $18 per share, well above the expected range of $14- $16. Piper Jaffray, Baird and Wells Fargo were...