Hotel Business
FEBRUARY 15, 2024
Comparing to 2019 to neutralize for COVID-impacted travel patterns, U.S. Compared to 2019, international RevPAR grew in fourth quarter and full-year by 44% and 36%, respectively, on a constant-currency basis. The growth in adjusted EBITDA was further impacted by $11 million of unfavorable marketing fund variability.
Hotel Business
FEBRUARY 16, 2023
Highlights include: Global RevPAR grew 15% compared to fourth-quarter 2021 in constant currency, a 300-basis point improvement sequentially, representing 116% of 2019 levels; full-year global RevPAR grew 20% year-over-year in constant currency. Global RevPAR was 116% of 2019 levels in constant currency, with the U.S. RevPAR grew 12%.
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Modern Restaurant Management
JULY 19, 2021
From kitchen staff to waitstaff and janitors to managers, the industry is faced with one of the tightest labor markets in years amid an economic recovery from one of the worst crises in living memory. First, the amount of time managers spend recruiting can have a distracting domino effect on food service operations.
Hotel Business
JULY 27, 2023
Signings of 24,000 rooms grew 6% YOY and 7% compared to 2019. Second-quarter financial results The comparability of Wyndham’s second-quarter results is impacted by the sale of its owned hotels and the exit of its select-service management business, both of which occurred in 2022, as well as quarterly timing variances from its marketing funds.
Modern Restaurant Management
JULY 30, 2021
However, according to a 2019 report from the Federal Reserve Bank, 37 percent of all Americans could not cover an unexpected $400 expense without going into debt. “The market is still ripe for continued expansion and growth,” said Kapoor. Compared to Q2 in 2019, Coolgreens increased sales by 79 percent.
Modern Restaurant Management
AUGUST 16, 2021
Consumer spending at restaurants was up +32 percent in the April-May-June 2021 quarter compared to the same quarter last year, and for a pre-pandemic view, flat compared to the same quarter in 2019. Quick service restaurants (QSRs), representing 81 percent of restaurant visits in the U.S., foodservice industry. “The U.S.
Modern Restaurant Management
OCTOBER 16, 2019
“We’re excited to be launching our first market in our backyard, sunny Los Angeles,” said Stephen Klein, Co-Founder, and CEO. DoorDash Kitchens provides the infrastructure, maintenance, marketing, and last-mile logistics, offering an end-to-end solution that enables restaurateurs to focus on creating delicious meals. "Given
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