Travel
Hotels, Restaurants and Leisure
PARIS, April 20- AccorHotels, Europe's biggest hotel group, will make further acquisitions in coming years, using cash from the sale of a majority stake in its property business rather than paying a special dividend, its chief executive said on Friday. In February, the company agreed to sell 55 percent of its AccorInvest property business to sovereign and...
NEW YORK— The lunchtime lines at Dos Toros move faster these days— customers don't fumble for bills or coins, and employees don't make change. And the significant majority of cash customers don't have any problem with it either, "says co-owner Leo Kremer, who has 14 stores in New York and one in Chicago. Many of the companies adopting the policy are restaurants with...
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Bertucci's said it had reached a tentative deal to sell its assets to Chicago- based Right Lane Dough Acquisitions LLC for nearly $20 million. One of the locations closing is in Taunton, Massachusetts, where in May 2016 a man with a knife fatally stabbed teacher George Heath as he came to the aid of a pregnant waitress. His widow, Rosemary, tells The Taunton Daily...
NEW YORK— Starbucks, moving swiftly to confront a racially charged uproar over the arrest of two black men at one of its stores in Philadelphia, plans to close more than 8,000 U.S. stores for several hours next month to conduct racial-bias training for nearly 175,000 workers. Philadelphia- area media said the two were waiting for a friend. Philadelphia police...
A prominent pub chain in the UK shut down its Facebook, Twitter and Instagram accounts, saying that people are spending too much time on social media. Tim Martin, the chair of JD Wetherspoon, said that people could not control their urge to use them
ATLANTIC CITY, N.J.— Carl Icahn's company struck an approximately $1.85 billion deal Monday that would fuse the gambling and hotel operations of Tropicana Entertainment to Eldorado Resorts Inc.. The agreement includes the sale of Tropicana Entertainment Inc.' s real estate to Gaming and Leisure Properties Inc. It doesn't include Tropicana's Aruba assets,...
NEW YORK— Domino's, which has been bringing pizzas to doorsteps for more than half a century, will now deliver to the great outdoors. In all, Domino's said it will deliver to 150,000 outdoor locations including under the Gateway Arch in St. Louis; by the Las Vegas welcome sign; or next to a statue of soul singer James Brown in Augusta, Georgia. McDonald's has a deal with...
Denny's, with more than 1,700 restaurants, agreed to pay more than $54 million in a landmark settlement of racial discrimination claims with the Justice Department in 1994.. Thousands of black customers alleged they were refused service, forced to wait longer than white customers or overcharged at Denny's restaurants nationwide. Denny's promised to treat...
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The restaurant industry is expected to grow quickly, but many of its workers are living paycheck to paycheck
Gerard Inzerillo of the Forbes Travel Guide weighs in on hotels in Asia.
The U.S. Department of Commerce says government statistics showing a decrease in international arrivals to the United States may be wrong. Adam Sacks, president of a company called Tourism Economics, says his company calculates that the U.S. had a 2 percent increase in international arrivals last year. The announcement by the Department of Commerce was also...
Wyndham Hotel Group announced Tuesday that it's adding the words "by Wyndham" to 12 hotel brand names. Days Inn becomes Days Inn by Wyndham. The solidifying of Wyndham hotel brands comes as Wyndham Worldwide prepares to spin off its hotel business into a separately traded company apart from its timeshare business.
McDonald's, which in January reported its highest sales growth in six years, currently serves 150 million customers a year in Denmark, Sweden, Norway and Finland from its around 430 restaurants in the region. Starting in May, the fast food chain will begin home delivery in Sweden and Finland, followed by Denmark and Norway in the second half of the year.
*Lufthansa, Air New Zealand work with Winding Tree on blockchain. BERLIN, April 10- Blockchain technology has the potential to shake up the travel industry by giving airlines and hotels a way to bypass controlling intermediaries like Expedia or Amadeus and gain better access to customer data. That looks very fruitful potentially, " Xavier Lagardere, head of...
CINCINNATI— Big Boy is getting a museum in Ohio. The Mainliner opened in 1939 in Fairfax, just east of Cincinnati. Long an iconic Cincinnati brand, Frisch's has the Big Boy trademark in the region and there are a total of 121 restaurants in Ohio, Indiana and Kentucky.
*Hilton sees 1st- qtr adj EPS 52- 54 cents vs prior 43- 47 cents. April 9- Hilton Worldwide Holdings Inc's main shareholder HNA Tourism Group will sell about 63 million shares of Hilton common stock in a secondary offering, making good on signals it would exit its stake in the U.S. hotel operator. Hilton, which owns the Waldorf Astoria brand, raised its first-quarter...
April 9- Hilton Worldwide Holdings Inc's main shareholder HNA Tourism Group will sell about 63 million shares of Hilton common stock in a secondary offering, making good on signals it would exit its stake in the U.S. hotel operator. Its parent, HNA Group Co Ltd, said last week it would sell some or all of the $6.3 billion stake in Hilton. Hilton, which also owns the...
April 9- U.S. hotel operator Hilton Worldwide Holdings Inc said on Monday a selling stockholder affiliated with China's HNA Tourism Group Co Ltd had commenced a secondary offering of about 63 million shares of Hilton common stock. HNA Tourism Group, Hilton's biggest stockholder with a 26 percent stake, owned about 82.5 million shares as of April 5.
Shares of Wynn Resorts initially rose after a report that MGM Resorts could be interested in a deal.
April 5- China's HNA Group Co Ltd said on Thursday it has decided to sell some or all of the common stock it holds in Hilton Worldwide Holdings Inc.. HNA is Hilton's biggest shareholder with a 26.1 percent stake in the U.S. hotel operator. Hilton's shares fell about 2 percent to $76.50 in premarket trading.
