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
The Dow may have retraced its losses from the financial crisis, but some Travel and Leisure investors believe only now will they really profit from its aftermath.
NEW YORK, March 1- My uncle and I were different in many ways, but we shared a love of travel. Every year, U.S. travelers rack up as many as 3 trillion frequent flyer miles, according to Randy Petersen, editor of InsideFlyer magazine.
More than 200 companies have signed on to a supporting brief calling for the Supreme Court to overturn part of the Defense of Marriage Act. The NYT reports.
The online travel market is "huge, growing and not saturated to any degree at all," said a top analyst at Piper Jaffray.
While hotel operators are fretting the impact of sequestration, the CEO of Host Hotels and Resorts says the recovery from a few brutal years is looking strong.
Marriott International is in talks with possible business partners in Myanmar and may use the same investment model used in India.
Simon Cooper, President & Managing Director for Asia Pacific at Marriott International, talks about the company's Southeast Asian expansion plans, including projects in Thailand and India.
Arne Sorenson, CEO of Marriott International, sees gridlock in Washington as a serious threat to his business.
Arne Sorenson, CEO & President of Marriott International, discusses his company's better than expected fourth quarter, and explains why he expects per-room revenue to rise four to seven percent this year.
Some of the names on the move ahead of the open.
Feb 19- Marriott International reported better-than-expected quarterly results as room revenue rose, aided by rising international travel and higher rates, and the hotel operator said it expects per-room revenue to rise further in 2013..
Stocks finished modestly higher across the board Tuesday, with the Dow and S&P 500 closing at their best levels since October 2007, lifted by optimism for more M&A deals and after positive economic data from Europe.
Check out which companies are making headlines after the bell Tuesday:
U.S. stock index futures rose Tuesday, after the S&P 500 posted its seventh-straight week higher, lifted by optimism for more corporate deals as investors returned from the long Presidents Day holiday weekend.
After that Wal-Mart email leaked, traders will be watching to see if the payroll-tax increase trips up the consumer. Plus, a trio of housing reports and Fed minutes.
The S&P 500 ended up 0.1 percent for the week, recovering from a late sell-off on Friday after a Bloomberg report about slow February sales at Wal-Mart triggered a slide in the retailer's shares.
Take a look at some of Friday's midday movers:
Feb 13- Hyatt Hotels Corp reported lower-than-expected fourth-quarter revenue and margins on weak performance in Europe and the Middle East and a slow recovery in its convention business, sending its shares down as much as 4 percent.
*First-quarter EPS forecast $0.51- $0.54 vs est $0.48. Feb 7- Starwood Hotels& Resorts Worldwide Inc, whose chains include Sheraton and Westin, raised the lower end of its full-year forecast for its per-room revenue on an anticipcated rise in demand, but its shares fell 3 percent on lackluster earnings.
WASHINGTON, Feb 5- The first major U.S. immigration reform effort since 1986 came under attack on Tuesday from congressional Republicans who cast doubt on a proposal backed by President Barack Obama to give 11 million illegal immigrants a chance to become citizens.