NEW YORK— Darden Restaurants offered more concessions to activist investor Starboard Value on Tuesday in a fight for control of the Olive Garden parent. Darden Restaurants Inc., the owner of restaurant chains such as Olive Garden, Bahama Breeze and LongHorn Steakhouse, offered to let Starboard select three directors with the company's support in July.» Read More
April 22- McDonald's Corp posted a lower quarterly profit on Tuesday as high beef costs bit into margins and fewer customer visits resulted in a bigger-than-expected decline in sales at the fast-food chain's established U.S. restaurants.
April 22- McDonald's Corp posted a lower quarterly profit on Tuesday as sales at the fast-food chain's established U.S. restaurants fell more than expected on fewer customers. In the Asia Pacific, the Middle East and Africa region, same-store restaurant sales rose 0.8 percent, compared to analyst projections for a 0.5 percent increase.
The ACSI Travel Index is based on random interviews with more than 7,400 U.S. customers of airlines, hotels and Internet travel websites from October 2013 to March 2014.
One of the major disruptors in the lodging industry heads to court Tuesday to defend the way it does business.
The environmentally-friendly alternative housing movement is expanding to the hotel industry.
The art deco-designed Raleigh Hotel in South Beach has a fashionable new owner.
Early numbers show travelers are looking to book bigger and better vacations as soon as the weather warms up.
Some RFID gaming chips have the ability to not only cut casino's cheating losses, but also track an individual player bet by bet.
The last sequential calendar date in this century may be a lucky day for some couples.
*Problems in Zimbabwe, Mozambique, Zambia. LONDON, April 15- SABMiller, the world's second-largest brewer by sales, posted a modest rise in full-year lager sales volumes following troubles in a number of African markets that have been fueling growth for the past few years.
Travelers are spending more money on a quest for something authentic. "It's almost like there's no wild places anymore," said one industry spokesman.
The peer-to-peer home rental company hopes to start collecting New York hotel taxes by July 1.
April 11- Shares of Zoe's Kitchen Inc rose as much as 73 percent in their market debut, valuing the casual dining restaurant chain at more than $475 million. Zoe's Kitchen raised about $87.5 million from the offering, after its initial public offering of 5.83 million shares was priced at the upper-end of the expected price range.
April 10- Zoe's Kitchen Inc priced its initial public offering at $15 on Thursday, valuing the Mediterranean-style restaurant chain at about $276 million. The company earlier this week expected the IPO to be priced between $13 and $15 per share. Birmingham, Alabama- based Zoe's Kitchen is selling all the shares in the offering.
A 5-star hotel will be built in a Ferrari theme park along with rides including the highest and fastest vertical accelerator in Europe.
*Shares open at $16.75, below IPO price of $17. La Quinta's shares, which priced below the expected range at $17, fell as much as 4 percent in early trading before recovering their losses to trade slightly up.
Discussing La Quinta's IPO and the unique technology solutions it delivers to its guests, with Wayne Goldberg, La Quinta CEO.
Barry Sternlicht, Starwood Capital chairman & CEO, discusses the launch of luxury brand Baccarat Hotels & Resorts, and eco-brand 1 Hotels & Resorts.
Barry Sternlicht, Starwood Capital chairman and CEO, explains why the thinks Jeb Bush should throw his hat in the ring and run as the Republican candidate for president.
I've owned Las Vegas Sands forever, says Barry Sternlicht, Starwood Capital chairman & CEO, sharing his thoughts on where he sees investment opportunities.