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Travel Hotels, Restaurants and Leisure

  • SCOTTSDALE, Ariz. _ Kona Grill Inc. on Thursday reported a loss of $3.3 million in its third quarter. On a per-share basis, the Scottsdale, Arizona- based company said it had a loss of 33 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • FORT LAUDERDALE, Fla.— President Donald Trump's upscale Mar-a-Lago club received permission from the federal government to temporarily hire 70 foreign housekeepers, waiters and cooks to fill out its staff during its upcoming busy season, with its managers attesting there aren't enough Americans qualified, willing and available to do the work.

  • MIAMI _ Norwegian Cruise Line Holdings Ltd. on Thursday reported third-quarter earnings of $400.7 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share. Norwegian Cruise Line expects full-year earnings to be $4.05 per share.

  • China is Airbnb's fastest-growing market domestically and second-fastest for outbound trips, says co-founder and Chief Strategy Officer Nathan Blecharczyk.

  • The company's shares fell 4.5 percent to $14.05 in early trading on Wednesday. Wendy's same-restaurant sales in North America rose 2 percent in the third quarter, lower than the 2.4 percent increase, analysts polled by Consensus Metrix had expected. The burger chain, which has the highest concentration of stores in Florida and Texas among U.S. states, blamed...

  • Nov 8- Wendy's Co reported lower-than-expected third-quarter profit and sales on Wednesday as hurricanes curtailed traffic at restaurants in Florida and Texas, leading the burger chain to cut its full-year earnings forecast. Wendy's has the highest concentration of stores in Florida and Texas, which were slammed by hurricanes Irma and Harvey during the...

  • Nov 8- U.S. burger chain Wendy's Co on Wednesday reported a smaller-than-expected rise in third-quarter sales at established restaurants in North America, as hurricanes hit traffic at restaurants in Florida and Texas. Same-restaurant sales in North America rose 2 percent. Net income fell to $14.3 million, or 6 cents per share, from $48.9 million, or 18 cents per...

  • *HNA will sell and repurchase 1.14 pct stake in Spain's NH Hotel. NEW YORK/ HONG KONG, Nov 8- China's HNA Group struck a second deal in less than a week to raise short-term funds, amid concerns about rising financing costs at the indebted airline-to-property conglomerate. It has $17.2 billion of outstanding bonds, of which $2.3 billion are due in 2018 and $4.6 billion...

  • NEW YORK, Nov 7- Online travel booking sites Priceline Group and TripAdvisor took a beating from investors on Tuesday, highlighting how the companies' once industry-disrupting model is under growing pressure from other competitors. Rival Expedia Inc's shares skidded another 2.74 percent and are down 19 percent since Oct. 26, the day before the company...

  • Regis luxury hotel brands, raised its full-year profit forecast to $4.22- $4.24 per share, from $4.06- $4.18. Net income rose to from $392 million, or $1.04 per share, from $70 million, or 26 cents per share, a year earlier, which included $179 million in costs related to Marriott's acquisition of Starwood Hotels. Excluding items, Marriott earned $1.10 a share, beating...

  • Nov 7- Marriott International Inc, the world's largest hotel chain, reported a 43.7 percent rise in third-quarter revenue as more people booked its rooms. Net income rose to from $392 million, or $1.04 per share, in the quarter, from $70 million, or 26 cents per share, a year earlier, which included $179 million in costs related to Marriott's acquisition of Starwood...

  • NEW YORK, Nov 7- China's heavily indebted airline-to-property conglomerate HNA Group has agreed a sale and repurchase deal on some of its shares in Spain's NH Hotel Group to raise cash for internal financing. In a statement to Spain's market regulator CNMV, HNA said it will sell and buy back a 1.14 percent stake in NH Hotel to "provide liquidity to HNA globally in...

  • NEW YORK, Nov 7- China's heavily indebted airline-to-property conglomerate HNA Group has agreed a sale and repurchase deal on some of its shares in Spain's NH Hotel Group to raise cash for internal financing. In a statement to Spain's market regulator CNMV, HNA said it will sell and buy back a 1.14 percent stake in NH Hotel to "provide liquidity to HNA globally in...

  • The TripAdvisor Inc. application is seen in the App Store on an Apple Inc. iPhone.

    Priceline and TripAdvisor shares both fell after each firm indicated an uptick in future spending in response to mounting competition.

  • LONDON, Nov 6- European shares steadied on Monday just off recent highs, following weaker Asian trading as and some earnings disappointments which took the shine off early trading. Offshore energy company SBM Offshore sank 12 percent after taking a $238 million provision to settle a U.S. probe over a Latin American bribery case. Shares in French hotel group...

  • While the sales environment had been challenged for most chain restaurants in the quarter, Starbucks seemed to be struggling to keep up with the customer flow, as mobile order-and-pay becomes more popular, Instinet analyst Mark Kalinowski said in research note. Kalinowski cut his price target to $63 from $67. The median price target on the stock is $63, still 15...

  • Hurricanes Harvey and Irma battered same-store sales at more than 1,100 cafes in the United States, which still accounts for the lion's share of operating income. The Seattle- based coffee chain cut its long-term earnings target to growth of 12 percent or greater per share from its prior call for growth of 15 percent to 20 percent. Analysts have warned that the...

  • Nov 2- Starbucks Corp, the world's biggest coffee chain, posted an unexpected drop in quarterly net revenue on Thursday due to disappointing sales at established cafes in the U.S.-dominated Americas region. Sales at Starbucks' cafes open at least 13 months in the Americas region increased 3 percent in the fourth quarter. Total net revenue dipped to $5.70...

  • Nov 2- Starbucks Corp, the world's biggest coffee chain, posted a smaller-than-expected rise in quarterly sales at established cafes in the U.S.-dominated Americas region, sending its shares down more than 5 percent in afterhours trading. Starbucks' Americas region saw comparable store sales increase 3 percent, excluding the impacts of hurricanes, in the...

  • Nov 2- Yum Brands Inc beat Wall Street's third-quarter profit target as KFC, Taco Bell and Pizza Hut restaurant sales topped expectations, sending shares up nearly 8 percent to a record high on Thursday. Yum's U.S.-dominated Taco Bell reported 3 percent same-store sales growth amid intense competition from other restaurants, food retailers and newer rivals...