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The firm, which declined to comment on future plans for cash returns, said refurbishments to hotels in Asia and the Middle East, Paris and New York would put capital expenditure at around $385 million in 2014, ahead of analyst forecasts, with the impact from hotel and room closures reducing operating profit by $9 million.
With more storms coming, traders will be plowing through economic reports for the impact of winter weather on the economy and corporate profits.
Feb 14- Hyatt Hotels Corp recorded a better-than-expected jump in quarterly revenue as growing confidence in the U.S. economy drew more business travelers and tourists to its hotels in the Americas.
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*RevPAR from Asia, excluding China, falls 3 pct. An austerity drive by China's government and slow economic activity in the rest of Asia are weighing on U.S. hoteliers' results.
*RevPAR from Asia, excluding China, falls 3 pct. Feb 13- Starwood Hotels& Resorts Worldwide Inc reported fourth-quarter revenue below Wall Street's expectations, partly due to lower occupancy and room rates in Asia, excluding China.
Customers at 14 hotels in eight states will get free credit monitoring for a year after a data breach.
As some hotel chains are going smoke free, smokers can search 250,000 smoking-allowed rooms on a new booking website.
Fourteen hotels in eight states are awaiting the results of an investigation into a nine-month security breach of customer information
Feb 3- A credit card data breach has been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday.
Feb 3- A credit card data breach had been detected that exposed guests at certain Marriott, Holiday Inn, Sheraton and other hotel properties to theft, hotel management firm White Lodging Services Corp said on Monday.
WASHINGTON, Jan 31- President Barack Obama will meet on Friday with the leaders of more than 20 big companies which have agreed not to discriminate against the long-term unemployed, part of his initiatives to get the jobless back to work.
While firms such as carmaker BMW have abandoned plans to increase their local presence due to unstable labour relations, U.S. hotel group Marriott International is piling in to a country whose stunning mountains, beaches and wildlife parks draw more than 9 million tourists a year.
It's perfect for "Squawk Box": a who's who of corporate leaders, policymakers, Hollywood A-listers ... and our intrepid co-hosts.
Arne Sorenson, CEO & President of Marriott International, discusses his hotel's plans for global expansion and creating jobs in the industry.
Business travelers have clear favorites among restaurants, hotels and airlines, but they spend their money elsewhere. Here's why.
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.
Will Hilton pop on its market debut? Feelings about the stock are mixed, but it has a lot of things going for it.
Marriott is opening the tallest hotel in America, in New York, CNBC's Sue Herera reports. Janis Milham, Marriott Courtyard vice president and global brand manager, provides insight.
“There’s an enormous deal coming next week and I think you should try to get a piece of it,” said Jim Cramer.