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Hotels, Motels & Cruise Lines

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Shenzhen Quanxinhao to set up wholly owned investment unit

Friday, 17 Feb 2017 06:52am EST

Shenzhen Quanxinhao Co Ltd <000007.SZ> : Says it will set up a wholly owned subsidiary in Shenzhen, with a registered capital of 10 million yuan .Says new unit will be mainly engaged in venture capital, economic information consultation business.

Shun Ho Property Investments announces sale and purchase agreement

Friday, 17 Feb 2017 05:24am EST

Shun Ho Property Investments Ltd <0219.HK> : Purchaser and vendor entered into sale and purchase agreement . Deal for consideration HK$1 billion . Kingslee S.A. as vendor and Houston Venture Limited as purchaser .Deal pursuant to which vendor has conditionally agreed to sell, sale shares, representing entire issued share capital of target co.

OUE Ltd appoints Bernard Lim Eng Chuan as CFO

Friday, 17 Feb 2017 04:18am EST

Oue Ltd :Appoints Bernard Lim Eng Chuan as chief financial officer of company.

Oue Ltd says Fy profit attributable to owners of company S$144.4 mln vs S$156.4 mln

Friday, 17 Feb 2017 04:15am EST

Oue Ltd : Fy profit attributable to owners of company S$144.4 million versus S$156.4 million . Fy revenue S$884.2 million versus S$431.5 million . Declared final dividend of 2 singapore cents per share ."The tourism industry continues to face headwinds in the near term".

Millennium & Copthorne reports lower FY pretax profit of 108 mln stg

Friday, 17 Feb 2017 02:00am EST

Millennium & Copthorne Hotels Plc : Final results . Group REVPAR for 2016 increased by 6.6 pct to 76.71 stg (2015: 71.98 stg). . In constant currency, REVPAR fell by 2.3 pct. For Q4 of 2016, REVPAR in constant currency fell marginally. . Total revenue in reported currency for 2016 grew by 79 mln stg or 9.3 pct to 926 mln stg (2015: 847 mln stg). In constant currency, revenue was flat . Hotel revenue in constant currency declined by 2.3 to 814 mln stg in 2016 as a result of lower contributions from group's hotels in New York and Singapore. . Reported profit before tax for year decreased slightly by 0.9 pct to 108 mln stg (2015: 109 mln stg). . Recommends a final ordinary dividend of 5.66p per share, giving a total ordinary dividend for year of 7.74p per share. . In London, leisure business in q1 was impacted by Nov 2015 Paris terror attacks and in H2 trading was affected by reduced corporate business .Is taking steps to increase revenue and profit across estate, particularly in New York and Singapore..

Millennium & Copthorne says Nicholas George to step down on May 5

Friday, 17 Feb 2017 02:00am EST

Millennium & Copthorne Hotels Plc : Additional board changes . Retirement of Nicholas George . Nicholas George has decided to retire from board with effect as of May 5 2017 .Whilst search for a permanent CEO continues, Tan Kian Seng, will assume position of interim group CEO of company on March 1 2017.

Hyatt Hotels says Q4 EPS of $0.31

Thursday, 16 Feb 2017 07:30am EST

Hyatt Hotels Corp : Hyatt reports fourth quarter 2016 results . Q4 adjusted earnings per share $0.29 . Q4 earnings per share $0.31 . Q4 earnings per share view $0.28 -- Thomson Reuters I/B/E/S . Says expects systemwide REVPAR growth of 0-2 percent in 2017 . Qtrly comparable U.S. hotel REVPAR increased 2.4 pct . Sees 2017 adjusted EBIDA growth of approximately 3-7 percent in constant currency . FY 2017 net income is expected to be approximately $94 million to $129 million . Says company expects to open approximately 60 hotels in 2017 . Sees 2017 net income is expected to be approximately $94 million to $129 million. . Sees FY 17 capital expenditures are expected to be approximately $430 million . FY 2017 capital expenditures are expected to be approximately $430 million .Sees 2017 capital expenditures are expected to be approximately $430 million.

City Lodge Hotels rev for six months ended Dec 31 up 5 pct

Thursday, 16 Feb 2017 03:15am EST

City Lodge Hotels Ltd : For six months ended Dec. 31, revenue up 5 percent to 791.3 million rand . Normalised profit before tax for group increased by 3.7 pct to 275.2 million rand, for 6 months ended Dec. 31 . Gross interim dividend of 272.0 cents per share has been declared, 1.1 pct higher than previous year's interim dividend. .Six-Month fully diluted HEPS at 455.8 cents versus 451.4 cents year earlier.

Viking Line Q4 operating result turns to loss of EUR 1.1 million

Thursday, 16 Feb 2017 02:00am EST

Viking Line Abp : Q4 sales 122.3 million euros versus 127.4 million euros year ago . Q4 operating loss 1.1 million euros versus profit 3.9 million euros year ago . Bunker prices are expected to be higher than in 2016, which should have an adverse effect on consolidated income in 2017 . Assessment is that operating income will be higher overall in 2017 than in 2016 . Says there will be fewer planned dry-docking and servicing days, which is expected to have positive effect on earnings in 2017 .Proposes dividend of 0.40 euros per share shall be paid.

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