Patrick Scholes, Managing Director for Gaming & Lodging Equity Research at SunTrust Equity Research, says the landscape for U.S. hotel companies in Asia is challenging as the region is beset by so much new supply.» Read More
Marriott International CEO and President Arne Sorenson discusses the minimum wage and whether raising it would affect the company's bottom line.
Marriott International is switching over from trading at the NYSE to the NASDAQ. Arne Sorenson, Marriott International CEO & president, discusses what's behind the hotel's move and what it means to shareholders. "The world has changed and the physical location of an exchange floor is much less important," Sorenson says.
Those two tickets to paradise may be available for purchase with bitcoin, now that real-world tour companies are accepting the currency.
Nov 13- Shares of Extended Stay America Inc rose as much as 19 percent in their market debut on Wednesday, valuing the hotel chain at about $4.8 billion as investors bet on the recovery in the U.S. hotel sector.
Arne Sorenson, CEO and president of Marriott International, discusses the company's move into Africa and the opportunities available.
Marriott and Hyatt reported stronger-than-expected profits as a rebound in U.S. business travel boosted hotel occupancy and room rates.
Arne Sorenson, Marriott International CEO & president, breaks down the hotel company's earnings and shares his strategy to expand globally. A little over fifty-percent of all the rooms in the pipeline are overseas, Sorenson says.
*Marriott earnings/share $0.52 vs est. Oct 30- Hotels chains Marriott International Inc and Hyatt Hotels Corp reported stronger-than-expected quarterly profits as a rebound in U.S. business travel boosted both hotel occupancy and room rates.
Bulls face a trio of challenges: The Fed, earnings from some big names and delayed data due to the shutdown. Will they keep running or lie down?
Talking Squawk looks at Kid Rock calling out Madonna on Detroit, Carl Icahn's Apple obsession and some Greenspeak.
A new Colloquy study has found heirs may have trouble claiming inherited reward miles or points. Do you need a mileage estate plan?
Take a look at some of Tuesday's midday movers:
Arne Sorenson, CEO & President, Marriott International says the company plans to more than double in size in Asia in a massive expansion drive, and will soon enter markets like Bangladesh and Sri Lanka.
Anxiety and uncertainty within U.S. politics will continue to weigh on the U.S. economic recovery, the chief executive and president of the Marriott International hotel group told CNBC.
Arne Sorenson, CEO and president of Marriott International, says guests want a design edge and individuality in a hotel.
*Deutsche Bank, Goldman, BofA, Morgan Stanley lead underwriters. Sept 12- Blackstone Group LP is hoping the stock market will value Hilton Worldwide Inc at around $30 billion, including debt, a source familiar with the situation said, as the private equity firm filed papers on Thursday to take the U.S. hotel operator public.
U.S. stocks dipped on Wednesday, as a drop in shares of Apple Inc. threatened to put an end to a six-day run of gains for the S&P 500 and weighed heavily on the Nasdaq. **APPLE INC, $467.00, down 5.5 pct.
U.S. stocks dipped on Wednesday, as a drop in shares of Apple Inc. threatened to put an end to a six-day run of gains for the S&P 500 and weighed heavily on the Nasdaq. **APPLE INC, $469.22, down 5 pct.
Some of the names on the move ahead of the open.
MUMBAI, Aug 30- The Indian rupee's crash has swept away banker Nupur Sood's dream of a holiday in Venice: instead the 35- year-old will settle for cold beers on the beaches of Goa on India's west coast.