Hotels in New York City Cannot Raise Rates
Hotels in New York City were only able to raise rates 1% last year, compared with 15% in Nashville, the highest increase among the top 50 markets.
Casinos & Hotels
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Newest first · Page 14Casino Revenues Tumble by 50% in Macau
The gambling control board of Macau has released its report on the island’s gambling revenues for February, and the report was, perhaps amazingly, slightly better than analysts had expected.
MGM Resorts Struggle on Low Action in China, Tax Charge
MGM Resorts International reported fourth-quarter and full-year 2014 results before markets opened on Tuesday.
JW Marriott Opens Its Largest Hotel in North America
JW Marriott Hotels & Resorts announced on Friday the opening of its largest North American property, the JW Marriott Austin.
Casino Stocks Hammered on Macau Data
On Friday, the gambling control board of Macau released its report on the island’s gambling revenues for December and all of 2014, and the news beat down casino stock prices in early trading.
Caesars Merger Precedes Chapter 11 Filing
Struggling casino owner Caesars Entertainment announced Monday morning that it is merging with asset acquisition company Caesars Acquisition.
Carnival Earnings Set Sail
Carnival reported mixed fourth-quarter and fiscal year 2014 results before markets opened Friday morning.
Would Casinos Really Make Good REITs?
Caesars Entertainment shares responded favorably to news that the company may restructure as a real estate investment trust (REIT).
What Blackstone’s Offering Will Mean for La Quinta
La Quinta announced Monday that it will have a secondary offering of 20 million shares, which could be worth around $400 million.
Melco Crown Earnings Dive as High-Rollers Forced to Stay Home
Melco Crown Entertainment reported disappointing third-quarter 2014 results before markets opened Thursday morning.
Should Investors Gamble on Macau?
Gaming stocks were not particularly pleased Tuesday and Wednesday when Macau reported revenues under what analysts were expecting.
Peak Resorts Files for IPO: Ski Resorts
Peak Resorts has filed its paperwork with the Securities and Exchange Commission for an initial public offering.
Can One Hotel Sale Be Worth Almost $2 Billion?
Hilton was the owner of the world-famous Waldorf Astoria Hotel, located in New York, until early Monday morning.
Los Angeles Hotel Workers on Track for Minimum Wage of $15.37
The Los Angeles City Council is scheduled to take a final vote next week on a proposal to raise the minimum wage for workers at the city’s large hotels.
Carnival Sailing the High Seas on Earnings and Guidance
Carnival Corp. released its earnings for its third quarter Tuesday before the markets opened.