News

Widespread layoffs hit the lodging business

By Peter Romeo on Mar. 18, 2020

Marriott expects to furlough tens of thousands of property-level employees, and the tally of industrywide job eliminations could top 4 million near term, said the American Hotel & Lodging Association.

Financing

How the coronavirus shock is hurting restaurants

By Jonathan Maze on Mar. 18, 2020

On this week’s episode of "A Deeper Dive," RB editors discuss how the virus and steps to prevent its spread are impacting the industry.

Financing

Subway works to keep its franchisees afloat

By Jonathan Maze on Mar. 18, 2020

With sales falling amid the coronavirus shock, the sandwich giant is reducing royalties and suspending ad funds.

Operations

Distributors ask for help to keep trucking

By Peter Romeo on Mar. 18, 2020

The industry's food haulers say they lack the cash flow and capital to keep supplying restaurants and noncommercial customers.

Operations

Restaurant chains start promoting delivery service

By Jonathan Maze on Mar. 18, 2020

Denny’s, KFC and Chipotle are among the chains offering delivery deals as they work to offset dine-in sales declines.

Financing

The coronavirus takes out eatertainment chains

By Jonathan Maze on Mar. 18, 2020

Chuck E. Cheese and Dave & Buster’s face weeks without game-playing customers, which could be devastating.

Financing

McDonald’s may consider rent deferrals for its franchisees

By Jonathan Maze on Mar. 17, 2020

As the chain closes dining areas amid the spread of coronavirus, it is working to ensure its operators have the cash to get through a sales slump.

Operations

Grubhub clarifies its restaurant aid program amid operator complaints

By Heather Lalley and Peter Romeo on Mar. 17, 2020

With some operators calling it a “bait and switch,” the third-party delivery provider is offering up new details on its repayment guidelines for restaurants.

Financing