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As American Express Acquires Tock, Who’s Winning the Reservation Wars?

EATER

What you need to know about the state of the reservations systems today Tock is changing hands yet again: The reservations system founded by restaurateur Nick Kokonas in 2014 has been acquired by American Express for $400 million, the financial services company announced today.

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Revenue Managers: Yes It’s a Seller’s Market But Don’t Get Greedy

Revenue Hub

As we waited for the promised wave of demand to arrive, we realized we had misjudged the market’s profile. Firstly, our city is a drive-in market; guests don’t stay for three nights for special events. Not having anticipated this when setting our pricing strategy, we priced as we had in 2013 and 2014.

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Traditional hotels drive more extended stay revenues, report shows

Serviced Apartments

Mark Skinner, partner at The Highland Group , said: “Traditional hotels are still accommodating more extended-stay demand than extended-stay hotels despite the latter’s substantial gains in market share over the last 25 years.” It is available to purchase here.

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MRM Research Roundup: Top F&B Trends to Watch

Modern Restaurant Management

Dash From the Past: A Decade Delivered In 2013, things started off small, with a simple idea. Today, we’re looking back on the decade to see how much our tastes have changed since 2013 and what’s stayed consistent — our passion for chicken sandwiches, for one. Since 2013, more than 600 million (!)

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The Red-Sauce Joint, in a Jar

EATER

Following the path forged by Rao’s, NYC hotspots Carbone and Rubirosa are getting into the consumer product game Rao’s, the century-old 10-table Italian restaurant in New York City, is one of those places where most people, myself included, need not bother trying to get a reservation. (It It is, by many reports , a challenge.)

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Apple Hospitality purchases Cleveland Courtyard

Hotel Business

We will continue to actively explore transactions that refine, enhance and grow our existing portfolio while increasing our exposure to markets like Cleveland with strong growth trajectories and attractive cost structures.”

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An Eater’s Guide to Bentonville, Arkansas, the Home of Walmart

EATER

What to know before you go 8th Street Market : Less than a mile away from downtown, 8th Street Market is a space for small restaurant startups and culinary entrepreneurs. The market is also home to the culinary school Brightwater. It’s worth booking reservations ahead of a visit. Bentoville In the kitchen at Bentoville.