International Krispy Kreme Doughnuts franchises nearly doubled in 2005, while many domestic stores struggled. A recent filing shows the doughnut-and-coffee chain is focusing on growth in the Middle East and Asia.
Cendant Hotel Group has unveiled the name for its previously announced timeshare and lodging businesses. Cendant Vice Chairman Stephen Holmes will become Chairman and CEO of Wyndham Worldwide, which is set to be spun off later this year.
McDonald's is jumping into the premium coffee fray with the introduction of 100% Arabica coffee, putting the likes of Starbucks and Dunkin Brands' Dunkin' Donuts on alert. To generate buzz about their respective brands, the companies recently staged free coffee promotions.
Hotel companies are expected to spend as much as $5 billion on upgrades and renovations in 2006, exceeding last year's record of $4.8 billion. Popular improvements are expected to include installation of wireless Internet access and improvements to make lobbies more appealing.
A Wichita-based franchise of Papa John's International is moving beyond take-out and delivery by opening an eat-in location. In addition to pizza, the menu will feature pastas, sandwiches and a salad bar.