Marriott International Inc
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The Gulf's clout as an international tourism destination is growing, with 15 million visitors expected in Dubai alone by 2015. Arne Sorenson, CEO of Marriott International, tells CNBC how he's looking to capitalize on shifting trends in the region.
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The $109 billion lodging industry is facing a triple squeeze play-- weakening demand, higher operating costs and more supply coming on-line.
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Google hits it out of the park, Merrill posts a loss but shares climb anyway and Pfizer plummets. All the earnings trades and much more right here.
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Futures popped right after the close as Google reported strong numbers; up 10 percent. Major indices stable today, despite mixed earnings report. IBM, good, Marriott, ok on strong international sales, but Conway, Nokia and Pfizer were notable disappointments.
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Mixed reports on earnings this morning; IBM is a help, but Pfizer, Continental Airlines, Marriottspacer and Nokia are not. Merrill Lynch recorded another $9 b in write-downs on mortgage-related assets, leveraged loans and hedges.
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Following are the week’s biggest winners and losers. Find out why shares of eBay and Prudential popped while Dell and Sotheby's dropped.
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Talk about the "Road less Traveled". With the dollar at all-time lows against major currencies and the continued rise of crude oil prices, many Americans may be rethinking the summer vacations they have been planning. Here are some companies that may feel the impact...
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A massive sell-off ends in a paltry 45-point drop on the Dow. Is that reason to sell or celebrate on Wednesday? Find out in the Word on the Street.
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U.S. stocks fell deeper into the red Thursday after Federal Reserve Chairman Ben Bernanke told Congress that economic growth would be "sluggish" at best in the near term.
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U.S. stocks remained in the red Thursday after Federal Reserve Chairman Ben Bernanke's testimony in Washington.
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U.S. stocks remained in the red Thursday after Federal Reserve Chairman Ben Bernanke's testimony in Washington.
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The story is on international growth today. Marriott beat, and along with everyone else on the planet reported stronger revenues (revenue per available room, or RevPAR, in this case) internationally than domestically: up 9.2 percent vs. 6.2 percent. First quarter guidance a tad below expectations. Remember, Starwood cut its 2008 forecast a short while ago.
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Will stocks get a Bernanke bounce? That's certainly what some traders are hoping for ahead of Fed Chairman Ben Bernake's testimony before the Senate Banking committee Thursday. But of course, there's always the chance his comments could bring on a Valentine's Day massacre.
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Wild volatility has become such a norm in the stock market that it's impossible to imagine anything but another rocking week ahead.
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Investors have been checking out of hotel stocks recently. Jake Fuller, hospitality analyst for Thomas Weisel Partners, thinks they'll want to check back in -- but not right away.
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Major companies such as Chicago-based Marriott International, the Intercontinental Group of Britain, Accor of France and Shangri-La of Hong Kong, have built networks and are expanding aggressively through the country.
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Athletes and companies alike are looking forward to the opportunity to shine under the spotlight in what will be a special event in the history of the Olympic games.
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Top Western hotel brands are already well established in Beijing and Shanghai – as well as smaller cities – and are boosting their presence, looking to capitalize on the games, which are expected to draw an estimated 2 million visitors.
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Commerce Secretary Carlos Gutierrez, leading a delegation representing US businesses to Hanoi's presidential palace, said the stage is set for trade growth between the US and Vietnam.
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Wyndham Worldwide posted a better-than-expected 27 percent rise in third-quarter earnings Wednesday, helped by strong time-share sales and robust hotel demand.
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Hotel operator Marriott International said Thursday that third-quarter profit fell because of lower timeshare profits and a higher tax rate. .