Search results for “Starwood Hotels and Resorts”
A busy year for travel acquisitions, lodging deals dominating
10/10/2016|9:21:00 AM|
While Expedia Inc.’s buying spree created most of the mergers and acquisitions buzz last year, 2016 has been a quieter year for mega online travel agency acquisitions and the focus has shifted to hotel and other hospitality tech company acquisitions so far this year.
Marriott will have more hotels in China than the US in 5 years
10/07/2016|6:11:41 PM|
Marriott plans to open about 100 mid-scale hotels in China within next five years. This is expected to give the hotel group a bigger presence in China than in the United States.
Hilton brings apartment-style hotel to China’s mid-range
09/30/2016|1:46:14 PM|
Hilton Hotels recently introduced its concept of apartment-style hotel to China for the first time in a bid to expand into the country’s mid-scale market.
China's US property investment to double in next 5 years
08/16/2016|5:26:01 PM|
For the past five years, Chinese buyers spent about USD 17 billion on U.S. commercial real estate while spending roughly USD 93 billion on homes in U.S. over same period.
Adobe finds more evidence desktop dominates US travel booking despite mobile growth
08/04/2016|1:23:30 PM|
Adobe found that although 52% of consumers browse travel experiences via their smartphone or tablet, only 21% of travel sales occur on portable devices.
Hotel room glut drives down room rate and revenue in China
08/03/2016|10:01:40 AM|
Hotel chains over-expansion has caused four in ten hotel rooms in China staying empty and is driving down room rate and RevPAR.
Abercrombie & Kent acquired by Chinese investment group
07/25/2016|6:01:03 PM|
Luxury tour operator Abercrombie & Kent has entered into a deal to be acquired by Chinese tourism developer and investment group Zhonghong Holdings.
Hotels turn to ‘member’ discounts to battle travel websites
07/11/2016|5:03:09 PM|
Online travel agents captured about 15% of U.S. net bookings last year, major hotel operators are taking a new tack to reduce payments to fast-growing online travel websites: lower prices to direct-purchase customers.
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