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.» Read More
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.
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.
Hotel operator Marriott International said Thursday that third-quarter profit fell because of lower timeshare profits and a higher tax rate. .
Stocks closed a listless trading session unchanged on Thursday as cautious investors stayed on the sidelines ahead of Friday's release of monthly employment data.
Here are my morning observations: 1) If there's anything there is a consensus on, it's that the four-year decline in volatility is now ending. The implications of this are very important for hedge funds and active investors, particularly those that employ a quantitative strategy: 1) fewer concentrated portfolios (spreading out risk), 2) an unwinding of leverage, and 3) sector rotation.
October's normally the month to fear on Wall Street, but it'll be hard to top the scary volatility of the summer. A hefty economic calendar, the start of corporate earnings season, news from the mired housing market, and the continuing unwinding of the credit crunch will keep market volatility high this coming month.
Hotel operator Marriott International said it planned to quadruple its hotels in China to 100 in the next five to six years to tap growing demand for tourism and business.
U.S. hotels and airlines are bracing for softer demand as the economy shows signs of slowing, but the pain may not hit the travel industry for months.
One year from Wednesday, Aug. 8, the 2008 Olympic Games will begin in Beijing -- focusing the world's attention on China like never before. As part of our one-year countdown to the games, CNBC sent Darren Rovell and Melissa Lee to China for a series of special reports.
It's officially one year to the Beijing Olympics and as we’ve told you before, the games are not only a cultural phenomenon for China - they are a business phenomenon, too. In fact, the Chinese government is spending $40 billion on infrastructure in the ramp-up to the games. So what’s the trade now, with the games only 365 days away.
CNBC's Bob Pisani says with all the worries over mortgage lenders, here's a CNBC 101 on how the mortgage business works, and why it is in a bit of a tizzy at the moment.
Think of the best teacher you ever had. What made him or her great? It likely wasn't their knowledge or diction or their wardrobe. It was very likely the passion they brought to the art of teaching. Shelby Futch is THAT kind of teacher. Futch is the CEO and founder of the Scottsdale Golf Group, which includes the John Jacobs Golf Schools. Jacobs, who is English, was an early partner of Futch's. A renowned golfer in his own right in his time, Jacobs is in his 80's now and lives in England.
August may mark the depths of summer vacation season, but it's been getting a bad wrap in recent years on Wall Street. Over the span of just about two-decades, the eighth month of the year has become among the weakest for the S&P 500, according to the Stock Trader's Almanac.
Investors are sure to keep one eye on the debt markets and the other on the foreign exchange as a cycle of rising risk aversion in the U.S. spurs an unwinding of the Japanese yen carry trade, which in turn sucks money away from global stock markets.
Marriott International, the top U.S. hotel operator, said Thursday that second-quarter profit rose a better-than-expected 11 percent, but concerns about slowing growth in North America led to a decline in the shares.
Warm weather and corporate announcements were some of the catalysts behind the most actively traded stocks on Friday.
Is Best Buy a good buy?; post-Purcell era Morgan Stanley; the only hotel stocks worth owning.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
It just might be time to check into some hotel stocks, according to Jon Najarian co-founder of Optionmonster.com. He's seen at lot of activity in the options of big names in the hotel industry. The buzz started last week with Starwood Hotels, but then spilled over to Wyndham Worldwide and Marriott International.
Cramer takes a call from a soldier serving in Iraq. Plus, Novastar, Marriott, Nastech and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
American travelers have several forces working against them this summer: gasoline prices and airfares are edging higher, while vacationing overseas will be a lot more expensive given the sagging dollar. While those factors may keep some folks closer to home, some analysts say a beleaguered greenback may actually help profits at some lodging and leisure companies this season