*Expected to hit Mexico's Pacific coast on Tuesday afternoon. MAZATLAN, Mexico, Oct 23- Thousands of people were evacuated, buildings were boarded up and schools closed on Mexico's Pacific coast on Tuesday as Hurricane Willa threatened to pummel tourist resorts with high winds and heavy rains. Residents had sealed windows and doors with wooden planks on hotels...
Oct 23- McDonald's Corp said on Tuesday it would launch new breakfast items and a new classic meal deal, as world's the biggest fast-food chain looks to boost traffic at its slowing U.S. business. McDonald's Chief Financial Officer Kevin Ozan said on a post-earnings call that the number of customers in the United States had fallen in the third quarter.
The hotel and restaurant group said sales had risen on the back of an influx of tourists to the UK and a rise in the overall capacity of the company's hotels, although it said UK consumer demand overall had been weak. Total UK sales growth in the UK at Premier Inn was 4.8 percent, although like-for-like growth was just 0.2 percent reflecting the weakening of...
Nagoya's Chubu Centrair International Airport in Japan built a multi-story "Flight of Dreams" aviation attraction and commercial complex around it.
NEW YORK, Oct 19- Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking's rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace providers. Blackstone Group's EQ Office, private equity firm Rubenstein Partners LP and others have turned to "...
*China expansion provides a bright spot. IHG, which owns the Crowne-Plaza and Holiday Inn brands among others, posted a 1 percent rise in third-quarter global revenue per available room, well short of the 6 percent growth reported by French rival AccorHotels on Thursday. IHG shares were down 5.8 percent at 1000 GMT, with sentiment apparently unaffected by an...
*London outlet opens on 20 Oct, Manhattan the following week. LONDON, Oct 18- Jollibee Foods, a major Asian fast-food operator, hopes to generate half its sales outside its home market of the Philippines within five to seven years, up from 30 percent now, its chief executive told Reuters. "There are a lot of discussions going on, but only a few end up with final...
Oct 18- Starbucks Corp said on Thursday it would give its longtime partner Mexico's Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain tries to streamline its operations in markets where sales have struggled. Starbucks said it will sell 83 company-owned stores in the Netherlands and France to...
Oct 18- Starbucks Corp said on Thursday it would give its longtime partner Mexico's Alsea SAB the rights to operate its cafes in France, the Netherlands, Belgium and Luxembourg as the coffee chain looks to trim costs and battle competition. For the Europe, Middle East and Africa region, the coffee chain said it plans to restructure its back-office support...
Some of the most popular U.S. cities for tourists also happen to be the most expensive.
President Donald Trump's new tweet denying a financial stake in Saudi Arabia comes amid a growing furor over suspicions that the country's rulers ordered the killing of Saudi journalist Jamal Khashoggi in the Saudi Consulate in Istanbul.
Oct 16- Domino's Pizza Inc reported a smaller-than-expected increase in quarterly same-store sales at company-owned stores in the United States on Tuesday, underscoring intensifying competition from Pizza Hut and food delivery upstarts in an overcrowded market. The dominance of Domino's and other national pizza chains like Papa John's and Yum Brands'...
Oct 16- Domino's Pizza Inc reported a smaller-than-expected increase in quarter1ly same-store sales at company-owned stores in the United States on Tuesday, underscoring intensifying competition from Pizza Hut and food delivery upstarts in an overcrowded market. The dominance of Domino's and other national pizza chains like Papa John's and Yum Brands'...
The Federal Reserve hasn't gone overboard with rate hikes yet, says Tilman Fertitta, host of CNBC's "Billion Dollar Buyer."
"The fact is, I do have a better handle on the situation than the Fed does, just like in 2007," says CNBC's Jim Cramer.
Jim Cramer sits down with Barry Sternlicht, chairman and CEO of Starwood Capital Group, amid a vigorous sell-off to hear his take on the U.S. economy.
*Sri Lanka facing repayments on infrastructure debts. LONDON, Oct 9- Sri Lanka plans to put two state-owned hotel companies up for sale within the next six months in a sale that could raise $500 million for the island nation as it seeks to bolster its finances, the finance minister said on Tuesday. Sri Lanka would also reopen bidding for national carrier Sri Lankan...
NAIROBI, Oct 2- Hilton Worldwide Holdings plans to more than double its hotels in Africa in the next five years by mainly striking deals with existing hotels for conversion into its brand, its chief executive said. International chains, including Marriott International and Hyatt Hotels, have been increasing their investments in Africa, which has some of the...
Just this week, Inspire Brands Inc, owner of the Arby's, Buffalo Wild Wings and Rusty Taco chains, said it would buy Sonic Corp for $1.57 billion in cash, while sources told Reuters Papa John's International Inc, the world's third-largest pizza delivery company, has put itself up for sale. Bojangles shares rose 10 percent on the news to $15.35 in Friday afternoon...
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