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Hotels Resorts and Cruise Lines

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  • Strategic Hotels & Resorts reports 4Q results Monday, 23 Feb 2015 | 5:13 PM ET

    CHICAGO _ Strategic Hotels& Resorts Inc. on Monday reported a key measure of profitability in its fourth quarter. The Chicago- based real estate investment trust said it had funds from operations of $44.2 million, or 17 cents per share, in the period. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 17 cents...

  • What Marriott hopes to achieve with new brands  Sunday, 22 Feb 2015 | 6:42 PM ET

    Simon Cooper, president & managing director for Asia Pacific at Marriott International, discusses how its new hotel brands like Edition and Autograph Collection fit into its growth strategy.

  • Marriott: 'Asia-Pacific is a good growth story'  Sunday, 22 Feb 2015 | 6:37 PM ET

    With robust demand mainly coming from Chinese travelers, the firm is focused on growing its pipeline in Asia, says Simon Cooper, president & managing director for Asia Pacific at Marriott International.

  • Choice Hotels tops Street 4Q forecasts Friday, 20 Feb 2015 | 9:24 AM ET

    ROCKVILLE, Md. _ Choice Hotels International Inc. on Friday reported fourth-quarter profit of $25.3 million. Choice Hotels expects full-year earnings to be $2.14 to $2.21 per share. Choice Hotels shares have risen 11 percent since the beginning of the year.

  • Will the Waldorf become NYC's hot new address? Thursday, 19 Feb 2015 | 11:52 PM ET

    All those pining after childhood stories of "the tippy-top floor" of New York's Plaza Hotel might soon get to recreate it a few blocks away at the Waldorf.

  • Starwood founder: CEO switch addressed THIS concern Thursday, 19 Feb 2015 | 8:48 AM ET
    Barry Sternlicht

    Starwood Hotels founder Barry Sternlicht says the CEO change at the international hotel chain reflected a concern about lagging innovation.

  • Host Hotels reports 4Q results Thursday, 19 Feb 2015 | 6:15 AM ET

    BETHESDA, Md. _ Host Hotels& Resorts Inc. on Thursday reported a key measure of profitability in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 38 cents per share. Analysts expected $1.35 billion, according to Zacks.

  • *Marriott International beats estimate on higher RevPAR. Feb 18- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter as a strong dollar makes it more expensive for foreigners to travel to the United States. Starwood Hotels& Resorts Worldwide Inc, owner of the Sheraton and Westin...

  • Marriott beats Street 4Q forecasts Wednesday, 18 Feb 2015 | 4:39 PM ET

    BETHESDA, Md.— Marriott International Inc. on Wednesday reported fourth-quarter results that topped Wall Street expectations, sending its stock higher in extended trading. The Bethesda, Maryland- based hotel company reported net income of $197 million, or 68 cents a share. The average estimate of analysts surveyed by Zacks Investment Research was for...

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Waldorf Astoria hotel brand, forecast lower-than-expected earnings for the first quarter and full year as a strong dollar makes it more expensive for foreigners to travel to the United States. The company, which also owns the Conrad brand, gets about three-quarters of its revenue from the United States.

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Conrad and Waldorf Astoria hotel brands, forecast profit below market estimates for the first quarter as well as for the full year. Hilton, which recently sold its Waldorf Astoria New York hotel to China- based Anbang Insurance Group Co for $1.95 billion, gets about three-fourth of its revenue from the United...

  • Hyatt Hotels 4Q adjusted profit tops Wall Street's view Wednesday, 18 Feb 2015 | 7:45 AM ET

    CHICAGO— Hyatt Hotels Corp.' s fourth-quarter profit rose, benefiting from a gain on the sale of real estate. The Chicago- based company earned $182 million, or $1.20 per share, for the three months ended Dec. 31. A year earlier it earned $32 million, or 20 cents per share.

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Conrad and Waldorf Astoria hotel brands, reported a better-than-expected 7 percent rise in quarterly revenue, as increased business travel in United States drove up occupancy rates. Revenue rose to $2.83 billion from $2.64 billion a year earlier. Net income attributable to shareholders rose to $158 million,...

  • Hilton revenue rises 7 pct on higher occupancy Wednesday, 18 Feb 2015 | 6:14 AM ET

    Feb 18- Hilton Worldwide Holdings Inc, the owner of Conrad and Waldorf Astoria hotel brands, reported a 7 percent rise in quarterly revenue, as increased business travel drove up occupancy at most of its properties. Net income attributable to shareholders rose to $158 million, or 16 cents per share, from $26 million, or 3 cents per share. Hilton's fourth-quarter...

  • Norwegian Cruise Line reports 4Q loss Wednesday, 18 Feb 2015 | 5:03 AM ET

    MIAMI _ Norwegian Cruise Line Holdings Ltd. on Wednesday reported a fourth-quarter loss of $25.6 million, after reporting a profit in the same period a year earlier. Analysts expected $721.3 million, according to Zacks. Norwegian Cruise Line shares have fallen 7 percent since the beginning of the year.

  • Accor CEO: Expect ups and downs  Wednesday, 18 Feb 2015 | 4:20 AM ET

    Accor posted record net profit for 2014, thanks to cost-cutting and restructuring. CNBC's Stephane Pedrazzi talks to CEO Sébastien Bazin.

  • SACRAMENTO, Calif.— Officials are considering new water restrictions as California's drought drags on, possibly forcing residents to ask for water at restaurants and for fresh towels and sheets at hotels. The State Water Resources Control Board floated the ideas at an informational hearing Tuesday as it considers extending and expanding mandatory...

  • MGM reports wider 4th-quarter loss Tuesday, 17 Feb 2015 | 8:15 AM ET

    LAS VEGAS— MGM Resorts International's fourth-quarter loss widened, hurt by a hefty provision for income taxes related to its liabilities in Macau, China, the world's largest gambling market. Nonetheless, MGM CEO Jim Murren told Wall Street analysts Tuesday that the company's earnings before taxes and non-recurring costs were the best since 2007. A...

  • Feb 17- Starwood Hotels& Resorts Worldwide Inc said Chief Executive Frits van Paasschen had resigned by mutual agreement, a week after the hotel operator announced the spinoff of its timeshare business. Regis and Sheraton hotel brands, named Director Adam Aron as interim CEO and said it had started looking internally and externally for a permanent CEO.

  • Starwood Hotels CEO Frits van Paasschen resigns Tuesday, 17 Feb 2015 | 7:12 AM ET

    Feb 17- Hotel operator Starwood Hotels& Resorts Worldwide Inc said Chief Executive Frits van Paasschen has resigned by mutual agreement. Paasschen, who took over as CEO in September 2007, will continue with as a consultant to assist in the transition, the company said. The owner of the St.