McDonald's reported a bigger-than-expected drop in sales for February, with competition and bad weather battering U.S. sales.» Read More
NEW YORK, Jan 27- U.S. prosecutors have criminally charged a former Wells Fargo& Co broker and a banker with insider trading in Burger King securities ahead of a 2010 buyout of the fast-food chain.
NEW YORK, Jan 27- Genstar Capital LLC is exploring a sale of TravelClick Inc, a provider of online reservation systems to the hotel industry that could be valued at more than $800 million, according to four people familiar with the matter. San Francisco- based private equity firm Genstar has asked Evercore Partners Inc to run an auction.
MANILA, Jan 27- Luxury boutique hotel chain Nobu will set up its first Asia hotel in a $1.3 billion Philippines gambling complex operated by Melco Crown Entertainment Ltd, mainly targeting wealthy Chinese punters. The Manila- based City of Dreams casino- resort is a joint venture of Melco Crown and local leisure firm Belle Corp.
Andrew Sangster, editor at Hotel Analyst, discusses the luxury hotel sector, the advantages of not owning physical properties, and instead franchising or managing hotels.
Melco Crown announced that luxury hotel chain Nobu will be part of its newest integrated casino resort. CNBC's Susan Li reports live from Manila.
Baedeker Guides are long gone, but many of the traditional travel guides retain their influence when they produce a best-of list.
The luxury level hotels have been slow to offer free Internet connections, but Loews is giving up the fees in hopes of luring more guests.
Jan 23- McDonald's Corp reported weaker-than-expected quarterly sales at established restaurants on Thursday as fewer diners frequented the fast-food chain, and warned that sales would again fall short of analysts' expectations in January.
Jan 23- McDonald's Corp reported weaker-than-expected quarterly revenue as fewer customers ate at its restaurants, partly due to severe winter weather in the United States. The company known for its crispy french fries and Big Mac hamburgers reported net income of $1.40 billion, or $1.40 per share, compared with $1.40 billion, or $1.38 per share, a year earlier.
CNBC's Robert Frank shares a sneak peak of tonight's episode of "Secret Lives of the Super Rich" on CNBC, which takes a tour of the presidential suite inside San Francisco's Fairmont Hotel.
Where to find love Feb. 14 if you're willing to spend thousands on a hotel.
Jan 22- Brinker International Inc reported better-than-expected quarterly results as same-restaurant sales at its Chili's chain rose for the first time in a year, driven by new menu items. Brinker shares rose as much as 8.7 percent to a life-high of $50.74.
Frits Van Paasschen, Starwood Hotels & Resorts Worldwide president & CEO, shares his thoughts on growing global demand in the lodging industry and weighs in on travel trends in 2014. I think we will offer more services and actually lower costs because of technology, says Van Paasschen, explaining how his business model is unlike the airline industry.
Arne Sorenson, CEO & President of Marriott International, discusses his hotel's plans for global expansion and creating jobs in the industry.
Starboard Value has urged Darden Restaurants Inc to delay the spinoff of its struggling Red Lobster chain.
Jan 21- Starboard Value has urged Darden Restaurants Inc to delay the spinoff of its struggling Red Lobster chain, becoming the second activist investor in as many weeks to call on the company to rethink its strategy for improving results.
Dimitri Pauli, Regency Bar & Grill partner, and Jonathan Tisch, Loews Hotels & Resorts chairman, share their recipe for success and the culture surrounding early morning business meetings.
Jonathan Tisch, chairman of Loews Hotels and Resorts, discusses the renovation of the landmark hotel.
Jan 16- Casual dining chain BJ's Restaurants Inc estimated quarterly results below analysts' expectations mainly due to weaker-than-expected sales, dragging its shares down as much as 18 percent after the bell.
No matter where the Super Bowl is played, Las Vegas is always a winner. "Vegas is the mecca for Super Bowl shenanigans," said one repeat fan.