Cutting entitlement spending is central to resolving the long-term fiscal challenges of the US, Starwoods CEO Frits von Paasschen told CNBC on Monday.
Discussing how going over the fiscal cliff might impact the hotel industry, with Frits van Paasschen, Starwood Hotels & Resorts CEO. "In terms of being fixated on tax increases, the proposed tax increases are actually pretty small in the scope of the overall program," he says.
More hotels are offering Apple iPads to enhance guests' stay.
Frits van Paasschen, CEO of Starwood Hotels and Resorts, tells CNBC that the group is not seeing any impact on business from the Fiscal Cliff and occupancies in North America are above where they were before the crisis.
Frits van Paasschen, CEO of Starwood Hotels and Resorts, tells CNBC why there is so much opportunity in Africa for the hotel business and their expansion plans for the continent.
Have you ever thought about what happens to your valuable frequent flier miles when you die? Here's a rundown of airline policies and tips for planning your "mileage estate."
Geller, 64, had been CEO of Strategic Hotels since it was founded in 1997. He said that with the company's recent accomplishments and his second novel set to be published this month, it seemed to be an excellent time to hand over leadership to focus on a "myriad of other activities" in his life.
*Seven major New York bridges closing; two tunnels closed. *Rail, container ports closed in New York, New Jersey. New York said it would close seven major bridges at 7 p.m. EDT on Monday, including the George Washington Bridge and the Verrazano-Narrows Bridge.
NEW YORK-- Amid worries that the recovery in travel demand may have "lost its steam," shares of Starwood Hotels and Resorts Worldwide Inc. dropped Thursday afternoon. The Stamford, Conn., company expects to earn between 64 and 66 cents per share in the last three months of the year.
Many hotels with unique amenities and specialty products offer them for sale in an effort to build loyalty and increase revenue. Are hotels turning into luxury home goods stores?
Investment bank Credit Suisse raises its rating on the advertising agency sector and hotels sector to "benchmark" from "underweight," arguing that the stocks in these sectors could benefit from a rise in U.S. consumer spending. However, the outlook is far less strong in Europe, " Credit Suisse strategists write in a note.
Hotel chain Marriott gave investors the first glimpse into the peak summer travel season this week, but the stock may be getting a bit expensive, says one fund manager.
*Shares of SNC-Lavalin rise 1.3 pct. VANCOUVER, Oct 4- The province of British Columbia said on Thursday it has selected a consortium led by SNC-Lavalin Inc to design, build and finance a C $1.4 billion light-rail line linking three suburban cities in the greater Vancouver area.
NEW YORK-- An analyst cut his rating on shares of Starwood Hotels& Resorts Worldwide Inc. on Tuesday because of the weaker global economy. Raymond James' William Crow lowered his rating to "Outperform" from "Strong Buy" for the operator of the Sheraton, Westin, W and St.
Frontier Airlines caused a stir when it announced travelers who don't book directly with the airline will pay higher fees. But do the best deals always come from travel agencies? The New York Times investigates.
Oct 2- Starwood Hotels& Resorts Worldwide Inc:. *Raymond James Cuts Starwood Hotels& Resorts Worldwide Inc to. *Raymond James cuts Starwood Hotels& Resorts Worldwide Inc price.
Signs are pointing to a slow rebound in luxury travel, even for businesses. See where hotel properties are expanding.
Apple's new iPhone 5 and operating system should be a hit for travelers with easy access to boarding passes and improved battery life, though its adapter could pose problems.
When booking a hotel stay, reading the fine print can mean the difference between added charges or big savings, a survey finds. Some tips for saving money.
More Americans are expected to take to the skies and roads this Labor Day weekend, according to AAA forecasts. Get the details on why.