MarriottInternational

Ritz-Carlton to Offer Reward Program to Attract Travelers

Ritz-Carlton will introduce a loyalty rewards program in response to declining room rates in the luxury hotel industry. The chain long insisted that its customers were not interested in such a scheme. But with the average cost of a Ritz room at $297 at the end of the second quarter, 19% below the 2008 rate, loyalty programs now hold an appeal.

Tavern on the Green Shutting Down in the Red

After decades as a must-dine spot for tourists and a must-book location for benefits and parties, New York's famous Tavern on the Green will serve its last meal on New Year's Eve.