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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M&C, with 100 hotels globally, on Thursday said trading in Asia, where it makes 40 percent of its revenue, had suffered from slower growth in China, falling tourist numbers in South Korea and a host of problems in its biggest market, Singapore.
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Disappointing economic data hurt stocks early, with losses accelerating in the final hour of trade.
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Check out which companies are making headlines after the bell Wednesday:
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Stocks exit April on a new high, and with the promise of continuing easy money policies, investors could be tempted to rethink the "sell in May and go away" strategy of recent years.
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The "Fast Money" traders share their final trades of the day.
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*RevPAR up 6.2 pct in North America. April 30- Starwood Hotels& Resorts Worldwide Inc, whose brands include Sheraton and Westin, reported a quarterly profit that handily beat analysts' expectations as more people checked into its hotels at higher room rates, particularly in North America.
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*Hyatt Hotels Corp: Susquehanna raises price target to $49 from $48;. *Host Hotels& Resorts Inc: Susquehanna raises price target to $17. *Marriott International Inc: Susquehanna raises price target to $48.
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.160x105.jpg?v=1366904651 "Fed May Provide a Safety Net for the Market")
The Fed is expected to repeat its dovish message in the coming week, which could provide a safety net for the market amid a big wave of earnings and the April jobs report.
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*Colony's Bazin says wants Accor to be a hotel leader. PARIS, April 25- Accor's new management vowed to speed up the hotel group's transformation on Thursday, as it tried to assuage opposition at the annual meeting to the influence of its activist shareholders.
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Wal-Mart Stores said that members of its board's audit committee were paid more due to extra work they had to take on to handle an ongoing investigation into alleged bribery.
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April 22- Wal-Mart Stores Inc said on Monday that members of its board's audit committee were paid more for the latest year due to extra work they had to take on to handle an ongoing investigation into alleged foreign bribery. Back in November 2011, Wal-Mart began its own probe into matters including alleged violations of the U.S.
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Certify's SpendSmart report shows the airlines, hotels and rental car agencies used most by North American business travelers.
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Following the Boston Marathon bombings, major airlines and several hotels have issued waivers allowing travelers to alter their plans without fees. Here's a summary.
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April 5- The rustic, 316- room Cheyenne Mountain Resort hotel in Colorado Springs is usually booked solid this time of year, just days before a major national space conference rolls into town.
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The 287-room Lemon Tree Premier hotel at Delhi's Indira Gandhi International Airport features a dramatic view of planes landing and taking off, but it has no guests to see them.
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Advances in the stock market are not always as they appear. Jim Cramer explains.
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The "Fast Money" traders share their final trades of the day.
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If you've been hoarding hotel rewards points, now might be the time to use them. Several hotel chains are making big changes.
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Starwood's CEO sat down with CNBC to discuss their loyalty program, as the industry makes changes.
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BERLIN, March 7- More hotels are expected to change hands this year, with transaction volumes returning to pre-crisis levels thanks to easier financing and wealthy Gulf buyers on the hunt for trophy assets in key locations in London or Paris.