Economy
State tells Trenton officials to sell Marriott Hotel
May 19, 2013 · 0 Comments
The state Department of Community Affairs said in a letter yesterday that the city should get out of the hotel business and sell its assets ...
International tourism receipts grew by 4% in 2012
Nassau Bahamas (hospitalitybusinessnews.com) According to the latest UNWTO World Tourism Barometer, international tourism receipts hit a new record in 2012, reaching an estimated US$ 1075 ...
U.S. Hotel Guests Spend More to Rent Rooms, But Not on Much Else
May 7, 2013, Atlanta, Ga. (hospitalitybusinessnews.com) Now that the national hotel occupancy rate is approaching its long run averages and scarcity has returned in certain ...
Lehman puts Ritz-Carlton Maui resort up for sale
NEW YORK – Lehman Brothers Holdings has put the Ritz-Carlton, Kapalua Resort, a 54-acre luxury condo and hotel resort in Maui, Hawaii, on the block ...
McDonald’s Global Comparable Sales Decrease 0.6% In April
OAK BROOK, Ill., May 8, 2013 (hospitalitybusinessnews.com) – McDonald’s Corporation today announced that global comparable sales decreased 0.6% in April. Performance by segment was as follows: ...
Trump Ocean Club in Panama City files for bankruptcy protection
The developer of the Trump Ocean Club in Panama City, the tallest building in Central America, has filed for Chapter 11 bankruptcy protection in New ...
Restaurant Performance Index Rose Above 100 in March as Same-Store Sales Improved
WASHINGTON, April 30, 2013 (hospitalitybusinessnews.com) — Buoyed by positive sales results and a more optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance ...
Buffets, Inc. Delivers Strongest Sales Results in Seven Years
GREER, S.C.–(hospitalitybusinessnews.com)–Buffets, Inc., parent company of Old Country Buffet®, Hometown® Buffet, Country Buffet®, Ryan’s®, and Fire Mountain® restaurants, which are popular for their family dining ...
McDonald’s Reports DisappointingFirst Quarter 2013 Results
OAK BROOK, Ill., April 19, 2013 (hospitalitybusinessnews.com) – McDonald’s Corporation today announced results for the first quarter ended March 31, 2013. While the Company posted higher ...
Caribou Coffee to close 80 locations
Nassau Bahamas (hospitalitybusinessnews.com) April 18, 2013 – Caribou Coffee issued the following press release: “Over the past few months, we at Caribou have revisited our ...
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