Restaurant Industry News Archive for 2003

According to the Travel Industry Association of America’s (TIA) Winter 2003-2004 Travelometer forecast, Americans will take 213.4 million person-trips this winter season (December, January and February), an increase of 2.3 percent over last winter. A person-trip is one person on one trip traveling 50 miles or more from home, one way.

A senior British Airways executive once referred to Virgin boss Sir Richard Branson as ‘the smiling pullover’. One wonders what term BA attaches to its other controversial archrival, Ryanair boss Michael O’Leary.

It's that time of year again when we start talking and thinking about New Year's Resolutions even though they're old hat and we instinctively know they don't work.

AAA reports that Christmas-New Year's holiday travel should increase by more than two percent from 2002. An estimated 59.6 million Americans will travel 50 miles or more from home this holiday, up 2.4 percent from the 58.2 million who traveled last year.

Whistle Junction Debuts in First Quarter

Heads for 160 Additional Restaurants in 2004

"The past two years have been extremely difficult for the travel and tourism industry - not least for the hospitality sector," Alain-Philippe Feutré, IH&RA CEO told delegates from some 40 countries meeting in Cairo for the 40th Annual Congress of the International Hotel & Restaurant Association (5-9 December 2003).

CBRL Group, Inc. (the "Company") (NASDAQ: CBRL) today reported quarter-to-date sales for the second fiscal quarter and reaffirmed its earnings guidance for the second fiscal quarter and remainder of 2004.

Association forecasts record sales of $440.1 billion, 13th consecutive year of growth

Spending by travelers accounts for approximately 50 percent of revenues at restaurants with an average check of $25 or more, according to the 2004 Restaurant & Foodservice Market Research Handbook.