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Will Marriott Make Another Starwood Bid?

After nearly completing a deal that took four months of preparation, Marriott International is again at risk of losing Starwood Hotels & Resorts to Anbang Insurance Group. Marriott has now entered round two of a bidding war with Anbang, which ...

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Wealthy Women Boosting Luxury Travel Market

With a rise in the number of women with an ultra-high net worth (think millionaires and billionaires), the luxury travel industry is receiving a bump. These high-earning women are driving a rise in luxury health and wellness holidays and women-only ...

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Spring Break Scams Trick Would-Be Vacationers

Authorities are warning travelers to be cautious when booking hotels and vacation homes online with discounted deals that are too good to pass up. Last year, 15 million trips were booked under false pretenses, costing hopeful travelers millions of dollars, according ...

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Starwood Recieves Higher Offer from Anbang

Starwood Hotels & Resorts has received a revised proposal from the Anbang consortium with an increased purchase price of $82.75 per share, which surpasses Marriott’s raised offer from last week. The company said the new bid is “reasonably likely” to ...

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Brands Battle OTAs for Guest Loyalty

The competition between online travel agencies and hotel chains continues to heat up in an ever-evolving marketplace. Online travel agencies have a symbiotic relationship with hotels (after all, they do draw in more guests), but also take away from the ...

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Despite Struggles, Economy Grows Faster Than Expected in Q4

The U.S. economy grew at a faster pace in the fourth quarter than previously expected. The revised 1.4 percent increase is higher than the Commerce Department’s initial 1 percent increase. While slightly better than anticipated, corporate profits dropped in 2015 ...

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