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01 Apr, 2020
Booking Holdings Shares Jump Despite Earnings Miss
Booking Holdings Inc. (NASDAQ: BKNG) reported its third quarter financial results after market close on Monday. Despite missing earnings estimates, the Company’s shares jumped by 7%, breaking the USD 2,000 share price threshold.For the third q..
Qatar to buy Plaza Hotel in New York
Katara Holding, Qatar’s stated owned hospitality company, has acquired one of New York’s most iconic buildings, the Plaza Hotel, in a USD 600 Million deal, making the hotel the newest addition to the Company’s portfolio. The Compan..
Hilton Tops on Fourth-Quarter Profits
Hilton Worldwide Holdings Inc. (NYSE: HLT) announced its financial results for the fourth quarter on Wednesday, with both earnings and revenue beating estimates.According to the company, revenue rose 24% to $2.28 billion for the fourth quarter, beat..
Ctrip.com Stock Down After Q2 Financial Results
Ctrip.com International Ltd. (NASDAQ: CTRP), a Chinese travel service agency, released its second quarter for the fiscal year.The company reported that net revenue of RMB6.4 billion, up 45 percent from RMB4.54 billion year over year. The company rep..
Chinese Cabinet Stops Foreign Acquisitions
The Chinese government is all set to put a full stop to acquisitions outside the country by domestic businesses. The move is being touted as a means to ensure that Chinese businesses do not take on excessive debt. A document has been released by the..
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