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Hotels Resorts and Cruise Lines

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  • CONCORD, N.H.— A roster of residents from the economically distressed North Country took to the podium Tuesday at a public hearing to urge passage of a measure that could help an ambitious plan to redevelop the shuttered Balsams resort in Coos County. They see the promised restoration of one of the last grand hotels in the state as a lifeline that would create jobs...

  • Royal Caribbean and Hasbro are big market movers Monday, 20 Apr 2015 | 7:08 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Royal Caribbean Cruises Ltd., down $6.32 to $72.71. The defense contractor will buy cybersecurity company Websense Inc. from equity firm Vista Equity Partners for about $1.9 billion.

  • *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...

  • LAS VEGAS— Elaine Wynn said Thursday she has her ex-husband Steve Wynn's endorsement in her battle to remain on the board of the casino-hotel company they co-founded. Elaine Wynn cited statements the Wynn Resorts Ltd. CEO made on Charlie Rose's interview show this week that he didn't agree with the board's decision not to re-nominate her.

  • 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.

  • YOUR MONEY-How much is your hotel loyalty worth? Wednesday, 8 Apr 2015 | 8:00 AM ET

    In about 20 years of traveling, he has stayed 1,079 nights in Marriott International Inc hotels, where he expects- and receives- a certain level of service, says the 51- year-old sales manager for Oregon- based Tec Laboratories. Hilton and Marriott have by far the most popular hotel loyalty programs, according to a 2014 study by MMGY Global, and Wyndham unveiled a...

  • Cramer: Carnival's magnificent turnaround   Tuesday, 7 Apr 2015 | 6:25 PM ET
    Cramer: Carnival's magnificent turnaround

    Mad Money host Jim Cramer looks at what Carnival Cruise Lines is bouncing back from. The stock is up nearly 30 percent over the past year.

  • WASHINGTON, April 2- Online home-rental marketplace Airbnb Inc now offers properties in Cuba, the company said on Thursday, as it looks to capitalize on an expected travel boom resulting from the normalizing of relations between the United States and the Communist-run nation. But pure beach and resort tourism remains illegal for Americans in Cuba under a...

  • *China Vanke also eyeing e-commerce. China's biggest commercial property developer by sales is looking at France and Germany to add to its six projects in the United States, United Kingdom, Spain and Australia. "Policy change won't alter the market's fundamental trend; it will only accelerate or prolong cycles of rising or falling prices," President Yu Liang of...

  • Vail Resorts set sights on Australia   Monday, 30 Mar 2015 | 9:46 PM ET
    Vail Resorts set sights on Australia

    Rob Katz, chairman and CEO of Vail Resorts, explains why the U.S.-based ski resort operator is acquiring Australia's Perisher Ski Resort.

  • *Says demand for Caribbean cruises strong. March 27- Carnival Corp reported a better-than-expected quarterly profit, helped by higher onboard spending and lower fuel prices, and the company said bookings for Caribbean cruises, its biggest business, were strong for the rest of the year. The operator of Carnival, Holland America and Costa cruise lines faced...

  • March 27- Carnival Corp, the world's largest cruise operator by revenue, reported a better-than-expected quarterly profit, helped by higher demand and lower fuel prices. Carnival Corp said fuel prices declined 38 percent in the first quarter ended Feb. 28. Excluding items, Carnival Corp earned 20 cents per share in the latest quarter, beating analysts' average...

  • REFILE-Carnival Corp swings to profit as costs fall Friday, 27 Mar 2015 | 9:42 AM ET

    March 27- Carnival Corp, the world's largest cruise operator by revenue, swung to a quarterly profit, helped by lower costs. The company reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28, compared to a net loss of $20 million, or 3 cents per share, a year earlier. Carnival Corp's operating costs fell 7 percent in the latest quarter,...

  • Carnival Corp swing to profit as costs fall Friday, 27 Mar 2015 | 9:29 AM ET

    March 27- Carnival Corp, the world's largest cruise operator by revenue, swung to a quarterly profit, helped by lower costs. The company reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28, compared to a net loss of $20 million, or 3 cents per share, a year earlier. Carnival Corp's operating costs fell 7 percent in the latest quarter,...

  • TALLAHASSEE, Fla., March 26- A bill to create two casino gambling "destination resorts" in south Florida divided the Republican-controlled statehouse on Thursday, with the expansion of craps, slot machines and high-stakes gaming opposed by family-oriented tourist attractions. Proponents argue that Florida is losing billions in tourism revenue to Caribbean...

  • Royal Caribbean sets sail for China   Tuesday, 24 Mar 2015 | 10:52 PM ET
    Royal Caribbean sets sail for China

    Michael Bayley, president & CEO at Royal Caribbean International, says the company is seeing good growth out of the mainland, driven partly by younger Chinese passengers.

  • YASMIN HAMMAMET, Tunisia, March 23- The European visitors strolling Tunisia's Hammamet resort are an encouraging sign for a government determined to minimise the fallout of last week's shooting of 20 tourists in the nearby capital. Japanese, Spanish, Italian and Colombian tourists were among the victims when at least two gunmen opened fire on their buses as...

  • BERLIN/ LONDON, March 22- Driven by the demands of a new plugged-in generation seeking "authentic" travel experiences with a local feel, the world's biggest hoteliers are moving into a new sector in Europe- the "lifestyle" boutique hotel. After many years focused on baby boomers and business travellers, brands such as Marriott, Hilton, Starwood and InterContinental...

  • MGM also said it would consider the investment manager's plan to nominate four candidates to its board, including founder Jonathan Litt. MGM operates destination resorts such as the Bellagio, MGM Grand and the Mirage. Land and Buildings', which owns a 0.8 percent stake in MGM, said it expected MGM's net asset value to rise to $55 per share from $33 after the...