Latest Hospitality and leisure industry News

Lawsuit: Vegas Strip resorts used vendor to fix hotel rates

Jan. 26, 2023 19:46 PM EST

LAS VEGAS (AP) — A federal lawsuit in Nevada is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019, alleging that most hotel-casinos on the Las Vegas Strip have used a third-party vendor to illegally fix prices. The complaint filed...

New Oklahoma AG takes over probe of agency's barbecue deal

Jan. 23, 2023 12:44 PM EST

OKLAHOMA CITY (AP) — The office of Oklahoma's new attorney general confirmed Monday that it will take over two separate criminal investigations into alleged misuse of public funds at state agencies, including the tourism department's contract with a barbecue restaurant. A criminal...

Is tipping getting out of control? Many consumers say yes

Jan. 23, 2023 11:47 AM EST

NEW YORK (AP) — Across the country, there’s a silent frustration brewing about an age-old practice that many say is getting out of hand: tipping. Some fed-up consumers are posting rants on social media complaining about tip requests at drive-thrus, while others say they’re...

Are resort fees ever worth it?

Jan. 18, 2023 11:13 AM EST

The Andaz Maui at Wailea Resort, a Hyatt resort on 15 beachfront acres in Hawaii, is far from a place to sleep. There are multiple pools, including a lagoon and three infinity pools. As part of the resort fee, you can also take a stand-up paddleboarding course, use the resort’s snorkel equipment...

UK inflation eases for a 2nd month, falling to 10.5%

Jan. 18, 2023 03:38 AM EST

LONDON (AP) — U.K. inflation eased for a second month in December, boosting confidence that the cost-of-living crisis has peaked. Consumer prices rose 10.5% in the year through December, down from 10.7% the previous month, the Office for National Statistics said Wednesday....

China’s economic growth falls to 3%, gradually reviving

Jan. 17, 2023 04:28 AM EST

BEIJING (AP) — China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from anti-virus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked protests were lifted. ...

Wendy's announces corporate revamp, possible job cuts

Jan. 13, 2023 16:31 PM EST

Wendy’s said Friday it’s planning a restructuring __ and possible corporate layoffs __ in an effort to speed decision-making and invest more in new restaurant development. The news comes just a week after rival McDonald’s announced a similar corporate reorganization, also with...

Disney faces proxy fight as Peltz pushes to join board

Jan. 12, 2023 11:07 AM EST

Activist investor Nelson Peltz is fighting for a seat on the board of Walt Disney Co., claiming that the company is struggling with self-inflicted problems. Peltz's attempt to join Disney's board comes just months after the company brought back longtime CEO Bob Iger to lead Disney...

Can US avoid a recession? As inflation eases, optimism rises

Jan. 11, 2023 11:42 AM EST

WASHINGTON (AP) — For months, the outlook for the U.S. economy has been a mostly bleak one: Inflation hitting a four-decade high, consumer spending weakening, interest rates surging. Most economists penciled in a recession for 2023. An economic downturn is still possible. Yet in...

China economy recovering but hampered by virus outbreaks

Jan. 10, 2023 01:28 AM EST

BEIJING (AP) — Wang Jian is anxious to get back to work teaching basketball to children now that China has lifted anti-COVID-19 restrictions. But his gym in the eastern city of Shenyang has been closed for a month because all its coaches are infected. The most optimistic forecasts...