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Airfare wars and room-rate promotions are usually aimed at vacationers, but airlines and hotels are resorting to similar tactics to regain their traditional cash cow — the business traveler.
Extended Stay Hotels LLC filed for Chapter 11 bankruptcy protection on Monday, citing massive debt stemming from its 2007 acquisition by the Lightstone Group and a sharp drop in business travel due to the recession.
Casino operator Las Vegas Sands Corp. said Tuesday its first-quarter loss widened year-over-year as revenue stagnated and expenses rose, but the results were slightly better than Wall Street expected.
Hotel and leisure company Starwood Hotels & Resorts Worldwide Inc. reports results for its first quarter, which ended March 31, on Thursday. The following is a summary of key developments and analyst opinion related to the period.
Royal Caribbean Cruises Ltd., battered by a sharp and prolonged drop in vacation spending, said Thursday it lost less in the first quarter than expected as bookings stabilized and cruise costs declined more than anticipated.
Cruise operator Royal Caribbean Cruises Ltd. reports earnings for its first quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.
Piracy is an important issue and Carnival Corp. is working with the U.S. military and British Ministry of Defence to protect its passengers and crew from any attacks, the cruise ship operator told its shareholders Wednesday.
A New York hotel with luxury sheets and state-of-the-art audio for less than $100 a night? All you have to sacrifice is a bit of privacy and a little — well, a lot — of space.
A growing number of companies are freezing salaries, reducing bonus pools and making other major changes to their executive pay programs, a consulting firm reported Tuesday.
The president and chief executive of Host Hotels & Resorts Inc., a real estate investment trust, received compensation valued at about $2 million in 2008, according to an Associated Press calculation.
At Lauren Graham's first rehearsal for her Broadway debut in "Guys and Dolls," the star of TV's long-running "Gilmore Girls" felt a twinge of insecurity when the actors were asked how many times they've been cast in a Broadway show.
U.S. automakers have been struggling to sell cars ever since the economy went south. Now it looks like a sharp drop in travel spending — specifically, on rental cars — has also caught up with the troubled industry.
Brian d'Arcy James makes for a very unlikely ogre. And no one was more surprised than the actor himself when he was cast as the famous green hero of "Shrek the Musical," which opens on Broadway this Sunday.
The tourists chatting in multiple languages in the piazzas, bars and shops of Rome belie a more somber mood at the ancient city's hotels.
Frits van Paasschen, president and chief executive of Starwood Hotels & Resorts Worldwide Inc., wants New Yorkers to go to work in Central Park on Monday.
Although readers keep shifting to the Internet, Esquire magazine's editor is sure print isn't dying, and he aims to prove it Monday by unveiling a 75th-anniversary issue with a cover that features electronic ink.
Media coverage of the economic downturn in the U.S. has lagged behind both economic activity and public interest, according to a study being released Monday by a Washington, D.C.-based research group.
The weak U.S. dollar has not dissuaded Americans from planning trips abroad this year, but they may be heading to destinations closer to home, according to a survey released Thursday by Visa Inc.
Blockbuster Inc. unveiled a prototype of an in-store kiosk for downloading movies at its annual meeting on Wednesday, part of its plan to transform into more than just a DVD rental chain.
Maurice R. Greenberg, the former chief executive and largest individual shareholder of AIG, says the insurer is "in crisis" and urged it to postpone its annual meeting in the wake of its massive first-quarter loss, according to regulatory filing Monday.
Netherlands-based Royal Philips Electronics NV plans to transfer its consumer television activities in the U.S. and Canada to Japan-based Funai Electric Co.
Visa Inc. hopes to cash in on its massive credit and debit card network by raising up to $10 billion in what would be the second largest initial public offering of stock in U.S. history.
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