Travel Hotels Resorts and Cruise Lines

  • Feb 13- Hilton Worldwide Holdings Inc on Wednesday provided a better-than-feared outlook for its key U.S. and China markets amid concerns around slowing global economic growth and trade wars, sending its shares up 7 percent. RevPAR- a key performance metric for the hotel industry- to grow in line with the company average of 1 to 3 percent in 2019, and China in...

  • Shares of the owner of Waldorf Astoria and Conrad hotel chains were up 4.4 percent at $77.51 before the opening bell. The hotel industry in the United States has thrived against the backdrop of a robust economy, allowing corporations to raise their travel budgets which helped hotel occupancy rates hit a record high last year. Though both Hilton and larger rival...

  • The hotel industry in the United States has thrived in the backdrop of a robust economy, allowing corporations to raise their travel budgets which helped hotel occupancy rates hit a record high last year. On an adjusted basis, the company earned 79 cents per share in the fourth quarter ended Dec. 31, beating analysts' estimates of 69 cents, according to IBES data...

  • Gaming is an 'under-served product' in Asia

    David Bonnet of Delta State Holdings says the gaming industry in Asia generates "outsized returns" and is a sector where huge investment can be justified.

  • Even your best budget may not save you from overspending on travel. Here's why your attempts to save on vacation are falling short and what you can do about it.

  • Royal Caribbean CEO: People want experiences and we're benefiting from that

    Royal Caribbean CEO Richard Fain joins "Squawk Alley" to discuss the global strength the company is seeing.

  • Fuller's shares jumped 21 percent to 1100 pence on Friday, their highest level in 19 months, after Asahi's move, which follows Japanese Prime Minister Shinzo Abe voicing his concerns over the risk of a disorderly British exit from the European Union in March and its impact on business. Japanese firms have spent more than 46 billion pounds in Britain, encouraged...

  • Jan 25- Shares of Fuller, Smith& Turner jumped 21 percent after the British pub operator and brewer agreed to sell its beer business to Japan's Asahi for an enterprise value of 250 million pounds. Fuller, which looks to be a focused, premium pub and hotel operator after the disposal, said the business being sold comprises its beer, cider and soft drinks brewing and...

  • MGM Resorts shares rally as activist joins board

    CNBC's Leslie Picker and Contessa Brewer report on MGM Resorts latest move to appoint Kevin Meister to the board.

  • Jan 17- Britain's GVC Holdings expects the United States to be profitable, despite a Department of Justice call for wider restrictions on all gambling on the internet. GVC has expanded rapidly and last year set up an online betting platform in the United States with hotel and casino operator MGM Resorts International. "The U.S. will open up over the next few years...

  • Jan 16- Washington hotels have cleared out entire floors. "It definitely feels like the phone should be ringing more," said Adam Plescia, owner of Custom Tours of DC. President Donald Trump's demand for $5.7 billion to build a wall along the U.S.-Mexican border.

  • The world's biggest hotel chain said the new brand, Marriott Bonvoy, will replace the existing loyalty programs Marriott Rewards, The Ritz-Carlton Rewards and Starwood Preferred Guest- integrating the three brands into one name, with the launch on Feb. 13. Regis luxury hotel brands, disclosed earlier this month that fewer than 383 million customer records were...

  • Jan 15- Shares of British betting companies, which have been pushing into the United States market because of tighter regulations at home, fell after the U.S. Department of Justice called for wider restrictions on all gambling on the internet. The 2011 reading of the federal law, which came into effect in 1961, prohibits certain types of gambling in the United...

  • *Lisbon airport at maximum capacity. LISBON, Jan 14- Portugal's long-running tourism boom is set to move decisively into reverse in 2019 due to capacity constraints at Lisbon airport and a drop in British visitors because of a Brexit-hit pound, Portugal's biggest hotel group told Reuters. Jose Theotonio, chief executive of the Pestana Group which operates 94...

  • DUBAI, Jan 14- First Abu Dhabi Bank said on Monday it had agreed to provide a 1.6 billion dirham loan to Abu Dhabi National Hotels for the acquisition of a number of Dubai- based hotels.

  • Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP.

    Shares of MGM Resorts rallied Thursday after a report that activist hedge fund Starboard Value has built a stake in the company.

  • NEW YORK, Jan 4- Marriott International Inc said on Friday that fewer than 383 million customer records were stolen in a massive cyber attack disclosed last month, down from its initial estimate that up to 500 million guests were affected. The hotel operator also said that some 25.55 million passport numbers were stolen in the attack on the Starwood Hotels...

  • Dec 26- The U.S. Coast Guard said on Wednesday it was searching for a British crew member who went overboard from a Royal Caribbean Cruises Ltd cruise ship in the Atlantic Ocean. Arron Hough, 20, went overboard 267 miles off the northwest of Puerto Rico on Tuesday, a spokesman for the Coast Guard 7th District told Reuters in a telephone interview.

  • Dec 20- Carnival Corp, the world's largest cruise operator, on Thursday forecast first-quarter adjusted profit below Wall Street estimates, hurt by higher fuel costs and a strong dollar, sending its shares down 7 percent in early trading. Carnival said it expects current-quarter adjusted profit of 40 cents to 44 cents per share. The company's adjusted earnings...

  • Dec 20- Carnival Corp, the world's largest cruise operator, on Thursday reported a 9.5 percent fall in quarterly profit, hurt by higher food and fuel costs, and forecast first-quarter profit below analysts' estimates, sending its shares down 6 percent before the bell. The company's net income fell to $494 million, or 71 cents per share, in the fourth quarter ended Nov....