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Chinese Business Travel Is Skyrocketing
In the year 2015, Chinese businesses spent more on business travel than their American contemporaries, creating a bevy of opportunities for the travel and hospitality industry. Chinese business spent...
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Here’s Why Shares of Priceline Are Diving
Priceline Group on Wednesday said its growth would slow in the second quarter as it spends more on marketing and as the timing of holidays shifts traveler bookings, even as its first quarter profit...
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Hotels Try New App to Rent Rooms By the Minute
Home-sharing company Airbnb has emerged as an economic force by enabling people to turn extra space in their homes into cash. But what about traditional hotels? It turns out, with a little bit of...
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Saudi Real Estate, U.S. Starwood Agree on Riyadh Project
Saudi Real Estate has agreed with U.S. firm Starwood Hotels and Resorts to build two hotels next to a district of Riyadh which the government plans to develop into an international business zone....
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New San Francisco Rules Take Further Aim at Airbnb
San Francisco is not giving up on its fight to force Airbnb and its hosts to comply with its short-term rental laws. On Tuesday, San Francisco’s Board of Supervisors voted 10-0 to approve a new rules...
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Seoul Prosecutors Raid Lotte Group, Casting New Doubt Over Hotel Unit IPO
South Korean prosecutors raided the offices of Lotte Group, the country’s fifth-largest conglomerate, and several affiliates on Friday, dealing a further blow to its hotel unit’s planned IPO, billed as...
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A Chinese Company Is Turning New York’s Waldorf Astoria Into a Condo
China’s Anbang Insurance Group plans to convert as much as three-quarters of the rooms at New York’s landmark Waldorf Astoria hotel into apartments, the Wall Street Journal reported on Sunday, citing...
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10 Great Tips for the Health Conscious Traveler
With the rise of tech-savvy travelers, many independent boutique hotels have introduced amenities that cater to the needs of Fitbit-wearing guests. Some offer minibars stocked with fresh fruit,...
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Here’s What Your Favorite Hotel Chains Are Offering Their High Rollers
Some of America’s top hotel chains provide their repeat high-end customers with perks most of us don’t even know about. The Wall Street Journal detailed the luxurious gifts and goodies hotel companies...
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Airbnb Valued at $30 Billion in $850 Million Capital Raise
Bloomberg reported yesterday that the room-rental platform Airbnb has indicated in a Delaware filing that it's raising an additional $850 million in capital, at a valuation of $30 billion. That's up...
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raceAhead: The Travel Industry’s Diversity Problem
As summer vacation season winds down – only to be replaced by fall conference season – it's discouraging to note that it's entirely possible to for you book your journey, give the pilot a perfunctory...
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Australian Hotels Win the Right to Undercut Online Travel Agents
Australia‘s competition watchdog on Friday said online booking agencies Expedia expe and Priceline Group’s pcln Booking.com had agreed to allow Australian hoteliers to offer lower rates for direct...
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Nearly 40% of Consumers Say They Will Shun Trump Businesses
Donald Trump has spent decades building golden armor around the family name’s brand, putting his name on casinos, condos, steaks and even vodka. But as a nasty presidential election season winds to a...
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Airbnb Hits Back at Hotel CEO’s Comments Over New York Home-Sharing Law
A recently signed bill in New York that imposes steep fines for advertising illegal short-term rentals is pitting Airbnb against a company that operates four hotels in New York City. Last week, LaSalle...
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Airbnb Forms Separate China Unit as Local Business Grows
Airbnb says its popularity among Chinese travelers is booming. Accordingly, the home-sharing company is making some notable changes to its Chinese operations, including the creation of a new business...
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More Chinese Luxury Hotels Could Be Coming to Europe
China’s Jin Jiang International, is looking to buy hotels in major European cities, including Paris, to expand its luxury portfolio, the chief executive of its Louvre Hotels Pierre-Frederic Roulot told...
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Trivago’s IPO Falls Below Expectations
Trivago, the hotel search platform that is majority owned by online travel firm Expedia expe , raised $287 million in an initial public offering on Thursday, far below expectations, according to a...
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How Travelers Can Stay Safe From Cyberattacks Over the Holidays
This past summer, as thousands of tourists relaxed, dined, and sipped cocktails at a variety of well-known hotels, hackers were stealing their credit card data. Kimpton and HEI announced that attackers...
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This Vegas Casino Giant Is Paying $7 Million to End a Bribery Investigation
Las Vegas Sands lvs agreed to pay a $6.96 million criminal penalty to end a U.S. Department of Justice probe into whether it violated a federal anti-bribery law by making payments to a consultant to...
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Italy Avalanche Death Toll Rises to Five, Four More Survivors Rescued
Five people have been confirmed dead at the hotel demolished by an avalanche in central Italy this week, and nine survivors have been pulled from the rubble, the national fire service said on Saturday....
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