Tag: Lodgings/Restaurants/Bars

Inflation Is Still on the Menu
Health

Inflation Is Still on the Menu

Democratic politicians and commentators say we should stop worrying about inflation now that it’s cooled to 3.2%. They should try eating out. At a humble Turkish restaurant near my home in Tampa, Fla., the cheapest item on the kids’ menu was $14 last week. It costs nearly $30 to take my family of four to our favorite ice cream shop, and that’s if we order single scoops and tip less than the touch-screen register recommends. At an eatery Google Maps labels with two dollar symbols—meaning it’s moderately priced compared to others—I recently paid $31 for tagliatelle bolognese, which has since risen to $32.90. My inattentive waiter presented the bill with three pre-set tip options: 22%, 25% or 30%.The cost of dining out increased 5.4% between October 2022 and October 2023, but it feels as if ...
Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels
World

Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels

Another bid by Choice Hotels to strike a deal with Wyndham Hotels & Resorts has fallen flat. After months of on-and-off talks for a deal that would unite two of the biggest budget hotel owners in the country, Wyndham’s board received a letter from Pat Pacious on Nov. 14, in which the Choice chief executive sought to restart negotiations and strike a deal with Wyndham before the end of the year, according to people familiar with the matter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels
Money

Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels

Another bid by Choice Hotels to strike a deal with Wyndham Hotels & Resorts has fallen flat. After months of on-and-off talks for a deal that would unite two of the biggest budget hotel owners in the country, Wyndham’s board received a letter from Pat Pacious on Nov. 14, in which the Choice chief executive sought to restart negotiations and strike a deal with Wyndham before the end of the year, according to people familiar with the matter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Health Care Roundup: Market Talk
World

Health Care Roundup: Market Talk

The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0833 GMT – Hong Kong shares closed higher, led by tech and consumer stocks amid overall positive sentiment. China kept its benchmark lending rates steady as expected, which may stabilize the mainland and Hong Kong stock markets. Almost all sectors gained, with the technology and consumer sectors leading gains. JD Health International rose 5.4% and Tencent Holdings gained 3.6%. Haidilao International was up 5.3% and China Mengniu Dairy advanced 4.3%. China Hongqiao Group led losses, dropping 0.3%, and Sino Biopharmaceutical was down0.3%. The benchmark Hang Seng Index closed 1.9% higher at 17778.07 and the Hang Seng Tech Index was up 2.45%. (jiahui.huang@ws...
How Starbucks Lost the Top Spot in China’s Coffee Race
World

How Starbucks Lost the Top Spot in China’s Coffee Race

Listen to article(2 minutes)Starbucks is losing its prime spot among chains racing to meet China’s growing thirst for coffee.Luckin Coffee has surpassed Starbucks as China’s biggest coffee chain by sales and units, company reports show, a comeback for the Chinese company after an accounting scandal that stalled its growth.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Starbucks ‘Red Cup Day’ Strike: Workers Walk Out in Bid to Kickstart Negotiations
World

Starbucks ‘Red Cup Day’ Strike: Workers Walk Out in Bid to Kickstart Negotiations

Updated Nov. 16, 2023 2:53 pm ETThousands of unionized Starbucks workers went on strike Thursday on a busy sales day for the coffee chain in a bid to bring the company back to the negotiating table.Baristas walked out on the company’s annual “Red Cup Day” promotion for the second straight year, according to the union representing them. During the promotion, Starbucks gives customers a free reusable cup when they order a holiday drink.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
A Beachfront Estate on a Carless Caribbean Island Asks $40 Million
World

A Beachfront Estate on a Carless Caribbean Island Asks $40 Million

Listen to article(2 minutes)Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert.A beachfront home on a private island north of Antigua is coming on the market for $40 million. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8