The art deco-designed Raleigh Hotel in South Beach has a fashionable new owner.» Read More
LOS ANGELES, March 5- Darden Restaurants Inc has canceled its analyst and investor meeting slated for later this month as two activist shareholders lobby for bolder steps to improve performance at its restaurant chains, ranging from Olive Garden to Capital Grille.
Internationally, tourism numbers are strengthening amid rises in business travel, hotel construction and airline trips.
Nathan Blecharczyk, Airbnb co-founder and CTO explains his company's business model and discusses the tax implications they will soon face. Benjamin Horowitz, Andreessen Horowitz general partner, provides insight.
A new report suggests that America's national parks have an economic impact that extends beyond their boundaries.
About half a million Americans legally travel to Cuba every year, and tour professionals are hopeful that policies may change to allow more.
March 2- While Colorado environmental groups work to put a ballot measure before voters this fall that could severely hobble the U.S. energy industry, Whiting Petroleum Corp is busy figuring out where in the state it can spend $10 billion over the next decade. The Denver- based company sees Colorado as key to its plan to sharply boost oil and natural gas production.
NEW YORK, Feb 28- TGI Fridays, the global casual dining restaurant chain known for its red-striped canopies and memorabilia-rich decor, is in advanced talks to sell itself to buyout firm TriArtisan Capital Partners, people familiar with the matter said on Friday.
Darden Restaurants isn't just defending itself against activists. It's also trying keep critical analysts out of the public eye.
McDonald's is planning to expand "build-your-own burger" concept, as it aims to adopt the customization trend in the fast-food industry.
Christopher Nassetta, Hilton Hotels president & CEO, discusses the weather's impact on hotel industry and the company's earnings. Nassetta also explains why he is optimistic with his forecast for 2014 and weighs in on the competition.
The fight to raise the minimum wage is facing a backlash in Seattle, where diners are now grumbling about tips. NBC News reports.
Feb 27- Hilton Worldwide Holdings Inc, the world's largest hotel operator, reported a 13 percent rise in quarterly revenue as increasing business and leisure travel pushed up occupancy and room rates.
Feb 27- Hilton Worldwide Holdings Inc, the largest U.S. hotel operator by market capitalization, reported a 13 percent rise in revenue due to higher occupancy and room rates at most of its properties. Revenue rose to $2.64 billion in the quarter ended Dec. 31. Total revenue per available room rose 4.7 percent.
Feb 26- Restaurant operator Noodles& Co reported weaker-than-expected fourth-quarter results, blaming the unusually cold winter in the United States, which it also said would hurt results in the current quarter.
Delta said it will become the latest carrier to change its frequent-flier program to a system based on ticket price rather than miles.
It may be time for Darden Restaurants to let shareholders take Red Lobster into their own hands.
Feb 25- Domino's Pizza Inc, the second-largest U.S. pizza chain, reported a 5 percent rise in quarterly revenue as new menu items helped boost sales around the world. The company, whose rivals include Yum Brands Inc's Pizza Hut, Little Caesars Pizza and Papa John's International Inc, said international comparable sales rose 7 percent.
Feb 24- Darden Restaurants Inc's plan to spin off its Red Lobster chain should be put to a shareholder vote, activist hedge fund Starboard Value LP said, drawing support from at least one other investor. Darden said in December it would spin off or sell the floundering Red Lobster chain, bowing to pressure from hedge fund Barington Capital Group.
Why should Corporate America support the gay community? It can't afford not to, says Marriott CEO Arne Sorenson.
As lending options returned last year, hotel companies have ramped up construction, including Best Western, which is aiming for a more upscale market.