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Hotels Resorts and Cruise Lines

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  • LAS VEGAS— MGM Resorts International is still counting the money it earned from hosting Saturday's Floyd Mayweather-Manny Pacquiao fight, so CEO Jim Murren says he will save any "fun facts" for the company's second quarter results. MGM Resorts posted a profit of $169.9 million, or 33 cents a share, in the quarter that ended March 31. It bottom line was boosted in part...

  • 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.

  • Extended Stay America beats Street 1Q forecasts Thursday, 30 Apr 2015 | 8:36 AM ET

    CHARLOTTE, N.C. _ Extended Stay America Inc. on Thursday reported first-quarter earnings of $21.5 million. Extended Stay America expects full-year revenue in the range of $1.27 billion to $1.3 billion. Extended Stay America shares have increased 8 percent since the beginning of the year.

  • Host Hotels reports 1Q results Thursday, 30 Apr 2015 | 6:18 AM ET

    BETHESDA, Md. _ Host Hotels& Resorts Inc. on Thursday reported a key measure of profitability in its first quarter. The average estimate of 13 analysts surveyed by Zacks Investment Research was for funds from operations of 33 cents per share. Host Hotels expects full-year funds from operations in the range of $1.52 to $1.55 per share.

  • Starwood Hotels and Carter's are big market movers Wednesday, 29 Apr 2015 | 5:34 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Starwood Hotels Hotels& Resorts Worldwide Inc., up $6.73 to $87.53. Lumber Liquidators Holdings Inc., down $6.66 to $26.76.

  • Marriott tops 1Q profit forecasts Wednesday, 29 Apr 2015 | 4:48 PM ET

    BETHESDA, Md. _ Marriott International Inc. on Wednesday reported first-quarter net income of $207 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share. Six analysts surveyed by Zacks expected $3.58 billion.

  • 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 considering strategic options Wednesday, 29 Apr 2015 | 7:35 AM ET

    NEW YORK— Starwood Hotels& Resorts Worldwide says its board of directors will explore "a full range" of strategic and financial options for the hotel company. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Eight analysts surveyed by Zacks expected $1.4 billion.

  • 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.

  • Starwood Hotels tops Street 1Q forecasts Wednesday, 29 Apr 2015 | 7:09 AM ET

    STAMFORD, Conn.— Starwood Hotels& Resorts Worldwide Inc. on Wednesday reported first-quarter net income of $99 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. For the current quarter ending in June, Starwood Hotels expects its per-share earnings to range from 70 cents to 74 cents.

  • 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...

  • LAS VEGAS— Elaine Wynn failed Friday to win re-election to the board of Wynn Resort Ltd.— the casino-hotel company she co-founded with ex-husband Steve Wynn— a development that ended a feud over the issue. Shareholders who had to decide between re-electing Elaine Wynn or agreeing with a company recommendation to re-elect two other sitting board members...

  • 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.

  • Cruise line to offer free drinks on Miami-based ship Thursday, 23 Apr 2015 | 6:00 AM ET

    MIAMI— Norwegian Cruise Line is offering free booze to attract more customers on short cruises out of Miami. The Miami Herald reports the company slightly raised the base price of cruises on the 2,204- passenger ship for next year, but not as much as it would cost to buy a drinks package on other cruise lines. Information from: The Miami Herald,...

  • *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.

  • Hotel deals in Asia will kill it this year Wednesday, 8 Apr 2015 | 6:35 PM ET
    A room in South Korea's Lotte Hotel.

    Holidaymakers eyeing a trip to Asia this year now have an additional reason to start booking: Cheap hotel deals.