Travel
Hotels, Restaurants and Leisure
FRANKFURT, Aug 11- A cyber-spying group with suspected links to Russian military intelligence was probably behind a campaign targeting hotel guests in eight mostly European countries last month, researchers at security firm FireEye said on Friday. The wave of attacks during the first week of July targeted travellers who were staying in several hotel chains...
The Trump International Hotel had a nearly $2 million profit in the first four months of 2017, according to multiple media reports.
LAKEWOOD, Colo. _ Good Times Restaurants Inc. on Thursday reported a fiscal third-quarter loss of $247,000, after reporting a profit in the same period a year earlier. Good Times Restaurants expects full-year revenue in the range of $78 million to $79 million. Keywords: Good Times Restaurants, Earnings Report.
NEW YORK _ Ark Restaurants Corp. on Thursday reported fiscal third-quarter profit of $1.4 million. Ark Restaurants shares have fallen almost 7 percent since the beginning of the year. Keywords: Ark Restaurants, Earnings Report.
From tree houses to igloos, Airbnb offers some pretty unique accommodation experiences, but now it is giving vacationers the chance to stay in the former home of a sitting president.
*Underlying loss before tax of A $3.7 mln beats analyst estimates. SINGAPORE, Aug 10- Virgin Australia Holdings Ltd, the country's second-biggest airline, reported on Thursday a smaller-than-expected annual loss and said its outlook had brightened with a surge in business confidence driving up corporate traffic. In positive signs not only for Virgin but also...
CAIRO, Aug 9- Hilton Worldwide plans to nearly double the number of its hotels in Egypt within seven to 10 years as tourism returns to levels seen before a 2011 uprising, the company's deputy head for Egypt and North Africa said. But Mohab Ghali, vice president of operations for Egypt and North Africa, expects occupancy rates to improve from last year, especially in...
*Q2 sales $320.34 mln vs. est. The Dublin, Ohio- based also said it expects net franchise rental income of about $100 million to $105 million in the year. The company's revenue fell 16.3 percent to $320.34 million, but beat the average analyst expectation of $301.7 million, according to Thomson Reuters I/B/E/S.
Same-restaurant revenue from North America, the company's biggest market, rose 3.2 percent, helped by new items such as fresh mozzarella chicken salad on its menu. The company swung to a net loss of $1.85 million or 1 cent per share, in the second quarter ended July 2, compared with a profit of $26.48 million, or 10 cents per share, a year earlier. Excluding certain...
The company swung to a net loss of $1.85 million or 1 cent per share, in the second quarter ended July 2, compared with a profit of $26.48 million, or 10 cents per share, a year earlier. The latest quarter included $41.1 million in losses related to acquiring and selling some restaurants. The company's revenue fell 16.3 percent to $320.34 million.
*Upgrades FY op forecast to Y16.5 bln from Y15 bln previously. *H1 profit Y9.4 bln vs Y47 mln year earlier. In an effort to lure back customers McDonald's Japan has undertaken and accelerated a wide ranging store modernization programme, with around 85 percent of stores set to complete renovation by year-end.
*Upgrades FY op forecast to Y16.5 bln from Y15 bln previously. *H1 profit Y9.4 bln vs Y47 mln year earlier. TOKYO, Aug 9- McDonald's Holdings Co Japan Ltd upgraded its full year profit outlook on Wednesday as the fast-food chain sustained a recovery from a series of food scandals that hit consumer appetites.
TOKYO, Aug 9- McDonald's Holdings Co Japan Ltd upgraded its full year profit outlook on Wednesday as the fast-food chain sustained a recovery from a series of food scandals that hit consumer appetites. The company, an affiliate of U.S. fast-food giant McDonald's Corp, forecast full year operating profit to be 16.5 billion yen for the year ending December,...
SHANGHAI, Aug 8- McDonald's Corp said it would almost double the number of stores in mainland China by 2022, slightly more than was expected, as part of its strategic partnership with state-backed conglomerate CITIC Ltd and Carlyle Group. Earlier in the year, the U.S fast food chain agreed to sell most of its China and Hong Kong business to CITIC and Carlyle for up...
SHANGHAI, Aug 8- McDonald's Corp will increase its number of stores in mainland China to 4,500 by the end of 2022, up from 2,500 currently, as part of a strategic partnership with Citic Ltd and the Carlyle Group, it said on Tuesday. The global fast-food chain said it aimed to achieve double-digit sales growth in mainland China every year for the next five years.
Aug 7- Marriott International Inc, the world's largest hotel chain, narrowed its forecast for the revenue it expects to earn this year from its rooms in North America, sending the company's shares down more than 2 percent in extended trading on Monday. Marriott, whose brands also include the JW Marriott, Autograph and Courtyard, said its room rates in North America...
Net income rose to $414 million, or $1.08 per share, in the three months ended June 30, from $247 million, or 96 cents per share, a year earlier. Marriott, also benefiting from its acquisition of Starwood Hotels, said revenue rose 48.5 percent to $5.80 billion. The $12.41 billion Starwood acquisition closed in September last year.
CNBC's Deirdre Bosa reports on the partnership between Alibaba and Marriott to capitalize on the Chinese travel market.
Jim Cramer checked in with top CEOs on whether they see growth and how trends like the humanization of pets and the move to mobile are changing business.
Cramer explains why he is concerned about reckless auto loans and the parallel he sees to 2007.
