German hotels score sales boost
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World cup visitors help German hotels and caterers see a rise in sales over the summer.
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Air France-KLM Group, Europe&#39;s biggest airline, said second-quarter sales grew 6.4 percent as passengers generated more revenue.
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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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BEVERLY HILLS, Calif. (Dow Jones/AP) -- Hilton Hotels Corp. on Monday posted a 79 percent jump in third-quarter profit, as strong summer travel demand and higher room rates helped the company&#39;s bottom line.
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Business got better for Boston hotels last month, as events including the Democratic National Convention and Macworld brought plenty of guests and higher rates than local hoteliers have seen in recent years, according to a study released yesterday.
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A new survey showed that investor confidence is picking up in Germany, as improved retail confidence and a stabilisation in both oil prices and the euro help fuel burgeoning optimism in the eurozone's biggest economy at the beginning of the new year.
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The following stocks may make significant gains or losses in German markets today. Futures that track Germany&#39;s benchmark DAX Index rose 0.4 percent to 3890.
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Part of a 4.5 km-long, 10,000-room German hotel complex built by the Nazis as a holiday resort for soldiers and workers sold for 625,000 euros (&#36;769,900) at auction Thursday.
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Marriott International Inc. MAR.N,  the largest U.S. hotel operator, on Thursday said third-quarter  profit rose 45 percent as business travel continued to perk up  after three years of stagnation.
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German retail sales post a surprisingly strong rise in December, driven by a jump in household goods sales.
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European equity markets were higher on Monday, driven by a combination of firm results, broker upgrades and reports of bid activity.
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The luxury hotel manager doubles earnings for the second straight quarter.
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Hotels and gaming company Hilton today reported a 72% rise in profits, powered by sales from its betting division, Ladbrokes. However, the company maintained a cautious outlook, saying it did not anticipate
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Marriott International Inc. , the largest U.S. hotel operator, on Thursday said third-quarter profit rose 45 percent as business travel continued to perk up after three years of stagnation.
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The office furniture maker is producing impressive growth overseas.
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Host Marriott Corp. on Wednesday said its third-quarter results improved as occupancy and room rates increased to drive revenue. The lodging real estate investment trust reported quarterly funds from operations
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German consumers are seen being more confident in June, helped by better wages and job prospects, a survey finds.