08-28-86 Agenda & Packet - Laserfiche WebLink

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July 30, 1986 LeistevORIftentggeld 3 in the city. A gross win of over $2 agement companies by H/M Management mag- billion is expected this year, according azine. In May, the company branched out to Variety. The state gained $85.3 mil- from Texas operations to take over Lake ion. Arrowhead Hilton Lodge at the -Southern California resort. Harness racing in Illinois provided the * * * * * * * * i state with $25.6 million last year, ac- FAST FAST FAST FOOD NOTES. Two days cording to Harness Tracks of America. after Pepsico released increased earn- Flat racing provided $35.6 million, down ings income for 2nd quarter--including slightly from $36.5 million 6 years ago. soft drink sales rise of 16% and earn- Harness racing revenues, however, fell ings increase .of ll%--company announced from $35 million The Breeders purchase of Kentucky Fried Chicken Corp. Cup in November will be televised on NBC for about $850 million in cash. Pepsi which has extended its contract through already owns Pizza Hut and Taco Bell. 1989, with options on two more years. . .. KFC is world's second largest restaurant with Texas in deep trouble on chain with 6 ,500 outlets; sales of $3.5 oil revenue losses, legislators are con- billion, however, are 3rd behind Burger sidering a state income tax, and the King Land McDonald's) . KFC offers Coca- opening dialogue toward parimutuel wa- Cola at most outlets. gering. Texas has a long history of defeating legalized gambling, including McDonald's revenues and net income grew: state lotteries. revs up 13% to $1.08 billion, and net * * * * * * * * up 10.8% to $129.8 million. Systemwide sales were $3. 15 billion, up 12.1€. As restaurant business softens because of LEISURE TRAVEL increased competition, McDonald's cites breakfast growth and new products (Mc- NOTES IN BRIEF: Army business worth an DLT) , as well as restaurant expansion. estimated $390 million a year will be * * * * * * * * opened to bids from private companies for Pollsters are in a dispute about growth the first time. Six natl regions will be statistics on the cruise industry: Lou affected; the first is the Army's 5th in Harris figures quoted in Travel Weekly the southwest states of New Mexico, Neb- are challenged by Market Scope Inc. of aska, Kansas, Oklahoma, Texas, Missouri, Miami, which says the Harris estimate is kansas and Louisiana. Total military too high by about 250%. Maximum bookings travel is about $1 billion a year can't be more than $2.5 billion a year Funding of $11.5 million for the from U.S. ports (or $3.1 billion world U.S. Travel E. Tourism Administration is wide) says Market Scope; TW/Harris put still in the balance. Canada spends al- 1985 bookings at $7.6 billion. Cruising most $70 million a yr in U.S. alone to is America's fastest growing vacation boost travel north. USTTA runs 6 over- option, both firms agree. New, larger seas offices America's counterpart ships are being added, and over-capacity to the Orient Express might be the Amer- will continue to affect industry. ican Zephyr, based in Bethesda (Md. ) , expanding services from East Coast to Boston dedicated a $5 million Black Fal- Chicago/Canada. Zephyr train will be con Cruise Terminal recently, which will featured in film, "Sullivan Street; " on host 15 cruises this season. Tourism is location in NYC in September, film re- the state's 2nd largest industry, gener- captures 1951 era. ating $7.5 billion by 20 million visitors plus $660 million in state/local tax rev- enues. Black Falcon was part of Boston LaQuinta Inns is promoting its #1 rating Army Base and is now part of Massport's by Consumer Reports this month, in the many facilities. under $40 category. Red Roof Inns came in 2nd in that category. In the next Premier Cruise Lines was undaunted by level Lto $80) Embassy Suites was far over-capacity fears in staking out Port ahead of #2/#3 (near-tie) Stouffer and Canaveral as base with blessing of Walt Red Lion Ins, with Marriott, Westin and Disney World. - Passenger load factor for , Hyatt close behind. Embassy Suites also April (when Oceanic was launched) was took 11 in the $80 and up category with 90%. * * * * * * * * Westin in #2 followed by Holiday Inn Crowne Plaza and Stouffer; Hyatt and Mar- 111/1iott followed closely. Hotels, a privately-held company based in Dallas, was ranked in the top 25 among 74 specialized hotel/motel man- 1