Month: July 2018

Quickserve chains including Subway, Taco Bell, Little Caesars and KFC have hit upon $5 as the sweet price point for consumers craving meals that won’t break the budget. “A lot of us are finding $5 is really a good value and building offers that consumers respond to,” said Tony Weisman, Dunkin’ Donuts marketing chief. (USA Today)

An 8.5 percent year-on-year increase in U.S. hotels’ profit per room in June 2018 contributed to the 4.2 percent profit growth that U.S. hotels recorded in the first half of 2018, according to the latest worldwide poll of full-service hotels from HotStats. According to analysts at HotStats, June’s positive performance was due to an increase in revenue as well as a reduction in costs. (Lodging)

Established chefs and restaurateurs including Tom Colicchio who have long supported other chefs’ efforts to open new eateries are taking a more active role and making bigger investments to foster the next generation. At Chicago’s Pacific Standard Time, chef Erling Wu-Bower won the backing of former boss Paul Kahan at One Off Hospitality Group. (Eater)