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Forecast favorable through 2020, hotel monitor says

A new analysis by CBRE Hotels calls for continued growth in U.S. hospitality revenues and profits through 2020, with a modest and temporary slowdown in 2021. A healthy economy will meet increasing supply with abundant demand, CBRE predicts. Read the Travel Daily News International story

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Hong Kong eatery Yardbird to expand to the U.S.

Hong Kong’s Yardbird draws chefs from around the world with its international appeal and is set to expand to Los Angeles this year. The restaurant is a modern Japanese-style izakaya specializing in yakitori, but its diverse menu also includes Mexican-style beer cocktails and Korean-style fried

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Denmark’s Ole & Steen opens first US bakery

Denmark-based bakery chain Ole & Steen recently opened its first U.S. shop in New York City, with a menu of soups and sandwiches in addition to the brand’s grain-based baked goods. Two more locations are to open in the city this year. Read the Restaurant

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Fiat Chrysler plans $4.5B expansion

Fiat Chrysler is expected to begin construction on its $4.5 billion expansion in the second quarter of 2019. Roughly 35% of the money will be allocated toward converting the two plants of the Mack Avenue Engine Complex into a new manufacturing site for the Jeep

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