The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
Hilton hotels' chief marketing officer Geraldine Calpin has called Airbnb a lodging company and claims it can provide better service than the room rental business.
When asked by CNBC's "Marketing Media Money" TV anchor Carolin Roth how she responds to the likes of Airbnb, given that hotel chains can be seen as big and anonymous, she said: "We are in the business of people serving people. We're in hospitality, which is in some ways a little different than some of the more new entrants that are into more lodging. We offer consistency in the brand, we offer security."
"You know when you are going to stay in a Hampton by Hilton or a Hilton you know what you're going to get. And we consistently ensure that we deliver that and that business of people serving people, that hospitality, the beautiful smile that you get from team members when you walk into one of our hotels is, I believe, different than some of the other new lodging companies."
Airbnb still has a pretty sizable valuation, having been valued at $31 billion in 2016, versus Marriott's $39 billion, the industry's highest.
Hilton is now the world's second largest hotel chain, being knocked off the top spot when Marriott bought Starwood for $13 billion in September 2016, but in a fiercely competitive market Calpin said her focus is on her own company.
"Really it's less about worrying about what other people are doing and more about, OK, we have got fantastic brands. We've got great customer service. We've got 50 to 60 million loyalty members and it's really about ensuring that we continue to obsess about making that right," she told Roth.
RevPAR (revenue per available room) for Hilton was up 1.8 percent to $116.09 worldwide in the second quarter of 2017 compared to the previous year, with its Waldorf Astoria brand seeing the highest growth at 7.6 percent.