Marriott International

Ikea and Marriott Team Up on Cheap European Hotels

Last year Ikea announced its intention to open a chain of economy hotels in western Europe; now comes news that the Swedish furniture merchant will be assisted in this venture, called Moxy, by Marriott International.

Wall Street Watch Thursday: Hewlett-Packard Drops the Box

No one was expecting good news out of Hewlett-Packard's analyst day on Wednesday, but few imagined the leading PC maker would dramatically slash its near-term guidance. CEO Meg Whitman stunned investors, forecasting profitability to drop in the fiscal year that begins next month.

What to Watch This Week: Tech Titans, Big Banks and Your Shoes

It'll be fairly quiet on the earnings front this week, but Wall Street still bears watching. Yahoo will try to cheer up investors at its annual meeting; some big banks will report; Marriott will check in; Google will add gadgets; and a major footwear company will size up its quarter.

Why Even the Wealthiest 1% Are Fed Up With Wall Street

The Occupy Wall Street crowd has plenty of reasons to complain about how the big financial institutions treat Main Street America. But you'll be shocked to find out how poorly the masters of the investment world treat their richest clients. Multimillionaire and ex-CEO Al Checchi pulls back the curtain.

Calm Returns to Egypt, but Not American Tourists

Egypt's famed antiquities and tourism sites are reopening following the political unrest there. But heeding warnings from Washington, many American travelers are steering clear from the region for now -- disrupting the tourism industry in both the U.S. and Egypt.

Week Ahead: Earnings from Dell, Smucker's and More

Dell will highlight a handful of tech company results this week. Also reporting earnings will be food giants Smucker and Campbell Soup, also Marriott and other members of the lodging and hospitality industry, and the first of a long string of results from retailers.

Marriott Outlines Growth Goals for Next Three Years

Marriott International (MAR) said that earnings per share could hit $2.75 by 2013. The estimate is part of a range of ambitious growth forecasts for the next three years. The company said that it expects to add as many as 90,000 hotel rooms to its portfolio from 2011 to 2013, with additional opportunities for 22,000 rooms to open in Europe and Asia over the same time period.

Ritz-Carlton to Offer Reward Program to Attract Travelers

Ritz-Carlton will introduce a loyalty rewards program in response to declining room rates in the luxury hotel industry. The chain long insisted that its customers were not interested in such a scheme. But with the average cost of a Ritz room at $297 at the end of the second quarter, 19% below the 2008 rate, loyalty programs now hold an appeal.

Beware Hotels Offering 'Convenient' Shuttle to Airport

When it comes to airport shuttle bus services, convenience is increasingly being trumped by cost-cutting. Hotels near airports are "carpooling" -- sharing their shuttles to save time and money for themselves, but not necessarily for you.

Travel Rebound Drives Marriott's Earnings Up 42%

Hotel chain Marriott beat Wall Street expectations, turning in a 31 cent earnings-per-share increase and a 42% rise in net income for the second quarter. The strong results reflect a travel rebound supporting firmer rates and occupancy.

Travel Maze: Hungry Nights in Luxury Hotels

If you fly into many major U.S. cities late, don't count on getting room service at your high-end hotel -- or even finding a decent meal nearby: Late-night dining options are frequently off the table, even if you're staying at the best hotel in town.

Tavern on the Green Shutting Down in the Red

After decades as a must-dine spot for tourists and a must-book location for benefits and parties, New York's famous Tavern on the Green will serve its last meal on New Year's Eve.