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Travel Hotels, Restaurants and Leisure

  • LOS ANGELES, May 2- The Service Employees International Union, backer of a five-year campaign to improve pay and job conditions for fast-food workers, on Tuesday asked Illinois and California officials to investigate how McDonald's Corp calculates restaurant rents, which generate about one-fourth of its revenue. "McDonald's sky-high rents leave...

  • LOS ANGELES, May 2- The Service Employees International Union, backer of a five-year campaign to improve pay and job conditions for fast-food workers, on Tuesday asked Illinois and California officials to investigate how McDonald's Corp calculates restaurant rents, which generate about one-fourth of its revenue. "McDonald's sky-high rents leave...

  • *Q1 adj. profit 38 cents/ shr vs est 28 cents. Hilton, like its hotel industry peers, is expected to benefit from an uptick in corporate demand, as companies spend more based on improved business sentiment following Donald Trump's election as president in November. Hilton, the owner of the Conrad and Double Tree hotel chains, said it now expects 2017 earnings of $1.73-...

  • Hilton, which owns the Conrad and Double Tree hotels, said it now expects 2017 earnings of $1.73- $1.81 per share, up from a prior forecast of $1.65- $1.75 per share. Net income attributable to Hilton stockholders was $74 million, or 22 cents per share, in the quarter. The company's net income in the year-ago quarter was $309 million, or 94 cents per share, reflecting $119...

  • Dunkin Donuts

    RBC Capital believes Dunkin' Brands will increase sales by focusing more on its core coffee products.

  • April 27- Domino's Pizza Inc reported better-than-expected quarterly revenue and profit, helped by higher demand in the United States and more revenue from franchisees. Same-store sales at company-owned outlets in the United States, Domino's biggest source of store revenue, jumped 14.1 percent in the first quarter, above the 12 percent rise expected by...

  • April 27- Domino's Pizza Inc's reported a 37.4 percent rise in quarterly profit, helped by higher demand in the United States and more revenue from franchisees. Same-store sales at company-owned outlets in the United States, Domino's biggest source of store revenue, jumped 14.1 percent in the first quarter, above the 12 percent rise expected by analysts polled...

  • *Tim Hortons, Burger King comp sales dip 0.1 pct. April 26- Restaurant Brands International Inc, reported an unexpected drop in quarterly comparable-store sales at both coffee and doughnut chain Tim Hortons and fast-food chain Burger King, sending the company's shares down nearly 8 percent. Restaurant Brands bought Popeyes Louisiana Kitchen for $1.8 billion...

  • Restaurant Brands, the owner of Burger King and Tim Hortons, reported an 8.9 percent rise in quarterly revenue as it opened more restaurants.

  • Wynn Resorts board has given a new $1.5 billion resort the green-light

    Wynn Resorts plans to start building the first phase of its $1.5 billion lagoon-themed Las Vegas resort, the company said Tuesday.

  • However, comparable sales growth slipped 0.1 percent at Tim Hortons and Burger King and fell 0.2 percent at Popeyes Louisiana Kitchen. Restaurant Brands bought Popeyes Louisiana Kitchen for $1.8 billion in February to use its international reach to introduce Popeyes' Louisiana-style fried chicken and buttermilk biscuits to more diners globally.

  • Richard Solomons of InterContinental Hotels talks about the brand's expansion strategy in China, which is its fastest growing market.

  • ADDIS ABABA, April 25- U.S. fast-food giant Yum Brands Inc. has signed a deal with Ethiopia's Belayab Foods and Franchise PLC to open 10 Pizza Hut restaurants in the Horn of Africa country as part of an expansion on the continent. Pizza Hut will be the first major restaurant franchise to open an outlet in Ethiopia, Africa's second most-populous nation, which has...

  • April 25- McDonald's Corp reported a better-than-expected increase in quarterly sales at established U.S. restaurants, boosted by the expansion of all-day breakfast, and Big Mac and beverage value promotions. Net income jumped 8 percent to $1.21 billion, or $1.47 per share, handily beating analysts' average estimate of $1.33, according to Thomson Reuters...

  • April 25- McDonald's Corp reported a better-than-expected increase in quarterly sales at established U.S. restaurants, boosted by the expansion of all-day breakfast, and Big Mac and beverage value promotions. The world's largest fast-food chain said on Tuesday that same-restaurant sales at McDonald's rose 1.7 percent in the three months ended March 31.

  • Airbnb: Hotel executives have 'acted on their fears'

    CNBC's Deirdre Bosa reports the highlights of a report from Airbnb on hotel price gouging following a New York Times article on the fight between them and the hotel industry.

  • Hotels taking travel ban hit

    CNBC's Susan Li reports that the hotel industry is feeling the pinch of the Trump administration's travel policies.

  • Hotels fighting back against Airbnb

    The hotel industry has it out for Airbnb.

  • A McDonald's Corp. Big Mac is displayed on a page of the McDonald's app.

    Wells Fargo believes McDonald's will benefit from a digital ordering "first-mover advantage."

  • Guests stand outside of a Hilton hotel in San Francisco, Feb. 16, 2015.

    Goldman Sachs reiterated its buy rating on Hilton Worldwide and added the company to its conviction buy list.