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Hotels Resorts and Cruise Lines

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  • Cruise ship freed from reef off Bermuda departs for Boston Wednesday, 20 May 2015 | 12:07 AM ET

    SAN JUAN, Puerto Rico— Nearly 3,500 passengers and crew were allowed to disembark Wednesday in Bermuda after their cruise ship became grounded on a reef close to the British island as it tried to depart for Boston. The ship ran aground as it departed Bermuda after a temporary malfunction in the steering system forced it slightly off course, the company said.

  • Cruise ship freed after running aground off Bermuda Tuesday, 19 May 2015 | 7:15 PM ET

    SAN JUAN, Puerto Rico— Thousands of passengers bound for Boston will spend Tuesday night stuck aboard a Norwegian cruise ship after it ran aground as it tried to depart Bermuda, officials and passengers said. The ship hit the reef near Bermuda's North Channel and is in a stable position, an official with Bermuda's Rescue Coordination Center told The Associated...

  • Having Nobu in Melco's business mix is great: Pro

    Jonathan Galaviz, partner at Global Market Advisors, says the opening of a Nobu Hotel in the City of Dreams Manila is a great idea, but in the long run, the brand management of Nobu will be key.

  • When will City of Dreams Manila be profitable?   Monday, 18 May 2015 | 6:19 PM ET
    When will City of Dreams Manila be profitable?

    Lawrence Ho, CEO and chairman of Melco International and James Packer, chairman of Crown Resorts, outline their expectations for when the City of Dreams Manila could become profitable.

  • 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...

  • Xenia Hotels & Resorts reports 1Q results Thursday, 14 May 2015 | 7:21 AM ET

    ORLANDO, Fla. _ Xenia Hotels& Resorts Inc. on Thursday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Orlando, Florida, said it had funds from operations of $50.8 million, or 45 cents per share, in the period. The real estate investment trust that owns hotels, based in Orlando, Florida, posted revenue of $227.9...

  • *Investors have also been concerned that Greece could run out of cash. Euro zone finance ministers, who met on Monday, acknowledged progress in talks between Greece and its creditors but said more work was needed to close a cash-for-reforms deal. *AOL shares jump 18.1 percent to $50.29 after Verizon made an offer to buy the company for $4.4 billion.

  • PARIS, May 11- Accor, Europe's largest hotel group, said on Monday it had sealed a deal to open a luxury hotel in Cuba, the 518- room Pullman Cayo Coco, near the Caribbean island's international airport. Accor, which has been operating in Cuba for nearly 20 years, already manages two mid-scale Mercure hotels there, the 178- room Mercure Sevilla Havana in Habana Vieja...

  • May 5- Guests checking into a hotel run by one of the top chains in the United States can expect to pay 5 percent more this year than last as a brighter economy pushes occupancy to record highs. Hyatt Hotels Corp on Tuesday joined Hilton Worldwide Holdings Inc, Marriott International Inc and Starwood Hotels& Resorts Worldwide Inc in forecasting that group...

  • What killed Silicon Valley exec Dave Goldberg Monday, 4 May 2015 | 12:06 PM ET
    David Goldberg

    Dave Goldberg, chief executive of SurveyMonkey and husband of Facebook's Sheryl Sandberg, died after he collapsed at the gym at a private resort in Mexico.

  • Overhyped? Mayweather-Pacquiao loses some steam Friday, 1 May 2015 | 11:39 AM ET
    Workers install signs for an upcoming bout at the MGM Grand Garden Arena, April 27, 2015, in Las Vegas. Floyd Mayweather Jr. and Manny Pacquiao are scheduled to fight May 2.

    Sky-high ticket prices and hotel room rates are starting to come down, though they remain inflated beyond anything Vegas has ever seen.

  • Marriott CEO: Courtyard brand reinvented   Thursday, 30 Apr 2015 | 1:15 PM ET
    Marriott CEO: Courtyard brand reinvented

    Arne Sorenson, Marriott CEO, discusses the state of international travel to the U.S., and whether Starwood should get bought.

  • April 29- Starwood Hotels& Resorts Worldwide Inc said it was exploring strategic and financial alternatives and "no option is off the table." Starwood said on Wednesday it had retained Lazard to assist in exploring alternatives. Net income attributable to Starwood fell to $99 million, or 58 cents per share, in the first quarter ended March 31 from $137 million, or 72...

  • Starwood Hotels exploring strategic alternatives Wednesday, 29 Apr 2015 | 7:18 AM ET

    April 29- Starwood Hotels& Resorts Worldwide Inc said it was exploring strategic and financial alternatives and "no option is off the table." Regis and Sheraton hotel brands, rose 6 percent to $86 in premarket trading on Wednesday. The company, which has a market value of about $14 billion, said it had retained Lazard to assist in the process.

  • April 29- Hilton Worldwide Holdings Inc, owner of Waldorf Astoria and Conrad brands of hotels, reported higher-than-expected quarterly revenue, helped by higher room rates and increased occupancy. Net income attributable to shareholders rose to $150 million, or 15 cents per share, from $123 million, or 12 cents per share. Analysts on average expected a profit of...

  • Hilton profit up 22 pct on higher room rates, occupancy Wednesday, 29 Apr 2015 | 6:15 AM ET

    April 29- Hotel operator Hilton Worldwide Holdings Inc reported a 22 percent rise in quarterly profit, helped by higher room rates and increased occupancy. Net income attributable to shareholders rose to $150 million, or 15 cents per share, in the first quarter ending March 31, from $123 million, or 12 cents per share, a year earlier. Excluding items, the company...

  • How important is China for Crystal Cruises?   Thursday, 23 Apr 2015 | 8:47 PM ET
    How important is China for Crystal Cruises?

    While the mainland market is growing, Crystal Cruises will not focus specifically on Chinese guests or guests departing from China, says president and COO Edie Rodriguez.

  • *Sees adj profit of $4.45- $4.65/ shr vs prev $4.65- $4.85. Fuel prices have risen 14 percent and the dollar has gained 3.5 percent since the company's previous forecast, Royal Caribbean executives said on a post-earnings call. The Miami- based cruise operator cut its earnings expectations to $4.45- $4.65 per share for the year ending December, from the $4.65- $4.85 it...

  • Here's where to live like a queen in London   Friday, 10 Apr 2015 | 5:40 AM ET
    Here's where to live like a queen in London

    CNBC's Susan Li travels to the British capital in this episode of "First Class" and checks in at the most luxurious hotels in town.

  • How to invest in the EU travel sector   Thursday, 9 Apr 2015 | 6:25 AM ET
    How to invest in the EU travel sector

    Sir David M C Michels, chairman at Michels & Taylor and London & Capital, talks about launching a new hotel fund.