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Hotels Resorts and Cruise Lines

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  • 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.

  • Profits rise at hotelier IHG on strong U.S. demand Tuesday, 17 Feb 2015 | 2:16 AM ET

    LONDON, Feb 17- InterContinental Hotels Group, one of the world's largest hoteliers, posted a 10 percent rise in 2014 profit, led by strong growth in its core North American market. The group, which owns brands such as Holiday Inn, Crowne Plaza and InterContinental, said on Tuesday underlying annual operating profit rose to $648 million at constant rates, in line...

  • Visit the London Cone! China renames UK landmarks Monday, 16 Feb 2015 | 10:05 AM ET
    London Shard

    Do you think “Garden of fashion” whenever you hear about London’s stylish Shoreditch? One community does, and has now renamed U.K.’s iconic treasures.

  • NEW YORK, Feb 11- The closing of the sale on Wednesday of New York's famed Waldorf Astoria hotel to China's Anbang Insurance Group Co Ltd for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels. Investment from mainland China into U.S. hotels is expected to be about $5.1 billion this year, or triple the amount over the...

  • In Splitsville? Try checking into the Divorce Hotel Wednesday, 11 Feb 2015 | 3:00 PM ET
    Gideon Putnam Resort

    Enter married, leave with a quickie divorce at a resort and spa in this New York town. The New York Post reports.

  • Feb 10- Starwood Hotels& Resorts Worldwide Inc reported an 83 percent jump in quarterly profit and said it would spin off its timeshare business to focus on its core hotels business. Regis and Sheraton brands of hotels rose 5 percent to $74.80, making them the top percentage gainer among S&P 500 constituents in premarket trading. The company's net income rose to...

  • Feb 10- Hotel operator Starwood Hotels& Resorts Worldwide Inc reported an 83 percent jump in quarterly profit and said it would spin off its vacation ownership business. The company's net income rose to $234 million, or $1.34 per share, in the fourth quarter ended Dec. 31, from $128 million, or 68 cents per share, a year earlier. Revenue fell 1 percent to $1.49 billion.

  • VANCOUVER, Feb 10- When Liu Chuang landed in Vancouver in 2013, he noticed that most of the Chinese immigrants he met were heavily invested in residential real estate and hungry to diversify. Flipping houses didn't appeal to the 39- year-old entrepreneur, who is launching a Vancouver- based tech incubator to help his Chinese-born friends invest in local...

  • Why Carnival is betting big on China Tuesday, 3 Feb 2015 | 7:31 PM ET
    Why Carnival is betting big on China

    Arnold Donald, president & CEO of Carnival, expects the mainland to overtake the U.S. and Europe in becoming the largest cruising market in the world soon.

  • Carnival 'docks' at the Super Bowl Friday, 30 Jan 2015 | 10:46 AM ET
    Carnival 'docks' at the Super Bowl

    Arnold Donald, CEO, Carnival Corporation, talks about the company's plans for Super Bowl advertising and how he believes it will impact his business.

  • China's middle class to surpass US population: CEO Thursday, 29 Jan 2015 | 3:15 PM ET
    China's middle class to surpass US population: CEO

    Royal Caribbean CEO Richard Fain says business is booming in China, with the country's middle class to surpass the entire U.S. population fairly soon.

  • RCL CEO: Terrific 2014 Thursday, 29 Jan 2015 | 3:15 PM ET
    RCL CEO: Terrific 2014

    Royal Caribbean CEO Richard Fain expects a robust outlook and record revenues for the rest of the year.

  • Royal Caribbean's quarterly revenue falls 2 pct Thursday, 29 Jan 2015 | 10:59 AM ET
    The Quantum of the Seas sails into New York Harbor.

    Cruise operator Royal Caribbean Cruises' quarterly revenue fell 2 percent due to weak pricing in Caribbean, its biggest market.

  • Royal Caribbean, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise, has been battling tough competition in the Caribbean from smaller rivals such as Europe's MSC Cruises, who offer cheaper packages. "The company continues to experience highly competitive Caribbean pricing through the first quarter, but...

  • Royal Caribbean, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise, has been battling tough competition in the Caribbean from smaller rivals such as Europe's MSC Cruises, who offer cheaper packages. Royal Caribbean's net yields, which include ticket sales and spending on board, rose 2.7 percent in the fourth...

  • Royal Caribbean's quarterly revenue falls 2 pct Thursday, 29 Jan 2015 | 8:23 AM ET

    Jan 29- Cruise operator Royal Caribbean Cruises Ltd's quarterly revenue fell 2 percent due to weak pricing in Caribbean, its biggest market. Royal Caribbean has been battling intense competition in the Caribbean from smaller rivals such as Europe- based MSC Cruises, who offer cheaper packages. Royal Caribbean's net income rose to $109.8 million, or 49 cents per...

  • Deadly attacks could have lasting impact on Paris tourism Wednesday, 21 Jan 2015 | 8:50 AM ET

    *Paris hotel occupancy rates down and still falling- MKG. PARIS, Jan 21- The deadly attacks in Paris earlier this month could have a lasting impact on tourism if anti- France protests that have swept the Muslim world lead wealthy Arabs to shun the city. But hospitality research firm MKG Group fears a longer-term impact in Paris after satirical magazine Charlie...

  • Jan 20- Casino operator Wynn Resorts Ltd has slashed Chief Executive Steve Wynn's salary to $2.5 million per year from $4 million, a regulatory filing showed. Wynn, 72, is worth $3.5 billion, according to Forbes magazine. He will also now have to pay to use the company jet for personal purposes, though the filing outlined a $250,000 credit per year that he will...

  • Davos 2015: The future of IHG Tuesday, 20 Jan 2015 | 11:25 AM ET
    Davos 2015: The future of IHG

    At the World Economic Forum, Richard Solomons, CEO of IHG, says trusting a brand is really important within organisations and talks about his company's plans.