Marriott will relaunch its loyalty program under a new brand name, the company said on Wednesday.
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- McDonald's Corp has lost its rights to the trademark "Big Mac" in a European Union case ruling in favor of Ireland- based fast-food chain Supermac's, according to a decision by European regulators. Supermac's said it can now expand in the United Kingdom and Europe. McDonald's, which sells its flagship "Big Mac" burgers internationally, submitted printouts of...
Delta, the second largest U.S. airline, reported quarterly revenue in line with analysts' estimates and profit that topped he Wall Street consensus by 3 cents per share. Speaking on CNBC, Delta Chief Executive Officer Ed Bastian said the partial shutdown will cost the airline $25 million in lost revenue in January because fewer government contractors are...
*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.
Shares of MGM Resorts rallied Thursday after a report that activist hedge fund Starboard Value has built a stake in the company.
BOSTON, Jan 8- Luby's Inc on Tuesday hit back at criticisms from a long-time investor that wants to shake up the casual dining chain's board by questioning the qualifications of the hedge fund's director nominees. The Texas- based restaurant company, which owns hamburger chain Fuddruckers and has a market capitalization of $39 million, said that Bandera...
BOSTON, Jan 8- Luby's Inc on Tuesday hit back at criticisms from a long-time investor that wants to shake up the casual dining chain's board by questioning the qualifications of the hedge fund's director nominees. The Texas- based restaurant company, which owns hamburger chain Fuddruckers and has a market capitalization of $39 million, said that Bandera...
For travelers whose new year's resolutions include traveling more, industry experts have no shortage of suggestions.
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...
The minumum wage is inching up in more than 20 states next year.
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.
*Oracle rises after strong profit forecast. Dec 18- Wall Street rose on Tuesday, helped by technology stocks, upbeat earnings reports and a rebound in few bellwether stocks, while investors awaited clues on the Federal Reserve's path for future rate hikes. Though investors have baked in a fourth rate hike for the year on Wednesday, turbulence in markets and a host...
To help you plan ahead (or scramble less before your flight), airports have put together gift guides highlighting unique items for sale in their terminals.
PARIS, Dec 14- Luxury goods maker LVMH has agreed to buy Belmond, the owner of hotels including Venice's landmark Cipriani, for a total of $3.2 billion to raise its profile in upmarket hospitality. The Belmond deal is LVMH's largest since it spent 4.3 billion euros in 2011 to buy Bvlgari and 6.5 billion euros in 2017 to gain full control of Christian Dior.
PARIS, Dec 14- Luxury goods maker LVMH has agreed to buy Belmond, the owner of hotels including Venice's landmark Cipriani, for $3.2 billion including debt to increase its presence in upmarket hospitality. The Belmond deal will give it properties including the only hotel within the Machu Picchu citadel in southern Peru, Hotel Splendido in Portofino on the...
LONDON, Dec 13- European travel and tourism group TUI Group posted a 10.9 percent rise in annual earnings, just ahead of forecasts, and said next year would generate similar growth, after strong demand for its higher-margin hotel and cruise offerings. TUI's earnings growth and positive outlook are the latest example of it outshining smaller British rival...
Dec 11- McDonald's Corp on Tuesday released guidelines for suppliers of beef in its top 10 sourcing countries to curb the use of antibiotics as the fast-food giant joins a broad effort to battle dangerous superbugs. The guidelines https://corporate.mcdonalds.com/content/dam/gwscorp/scale-for-good/McDonaldstBee f t A n t i b i o t i c s t P o l i c y. p d f...
The new details about the lobbying effort comes amid ongoing lawsuits arguing that Trump violated a constitutional ban on political office holders accepting gifts or emoluments from foreign governments.
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