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Hotels Resorts and Cruise Lines

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  • 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...

  • Full steam ahead for Asia’s cruise industry Wednesday, 18 Mar 2015 | 3:08 AM ET
    The international luxury liner Costa Romantica arrives at the Tianjin International Cruise Homeport in China.

    Following years of double-digit growth, Asia's cruise industry is set for a "record-breaking year" in 2015, thanks to booming demand from Chinese holidaymakers, a new report shows.

  • Guess who's the growth driver of Asia's cruise market? Tuesday, 17 Mar 2015 | 9:44 PM ET
    Guess who's leading growth in Asia's cruise market?

    Adam Goldstein, chairman of the Cruise Lines International Association, says Chinese travelers are spearheading the double-digit growth in Asia's cruise industry.

  • Why Vail beat Street despite FX headwinds: CEO Thursday, 12 Mar 2015 | 11:27 AM ET
    Rob Katz, Vail Resorts CEO

    Vail Resorts CEO Rob Katz explains why the company beat analysts earnings expectations despite recent currency headwinds.

  • MIAMI, March 11- The former chief executive of Norwegian Cruise Line Holdings Ltd sued Richard Branson's Virgin Group in federal court in Miami for $300 million on Wednesday over plans by the British billionaire to launch his own luxury cruise line. Virgin Group announced the Bain Capital- backed cruise line project last December. As CEO of the new Virgin...

  • Hotel investors battle for yield as sector heats up Sunday, 8 Mar 2015 | 5:00 AM ET

    *Report predicts $68 bln in hotel real estate deals in 2015. BERLIN, March 8- Investors are expected to pump more money into buying, converting or building hotels in 2015 than in any year since the start of the global financial crisis, with a focus on budget and' buzz'. "It's not about people loving hotels, it's about investors searching for a return on their money which...

  • BOSTON, March 5- Hotel operator Mandarin Oriental International Ltd said on Thursday that it was the victim of a cyberattack and that it found malicious software on credit card systems at "an isolated number" of hotels in the United States and Europe. The company said in a statement on its website that it was working with credit card companies, law enforcement and...

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

    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
    Marriott: 'Asia-Pacific is a good growth story'

    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.

  • 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.