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Marriott CEO Talks Merged Loyalty Program

After Starwood Hotels & Resorts accepted Marriott International’s sweetened $13.6 billion merger offer, Marriott CEO Arne Sorenson hopped on an analyst call from Cuba yesterday to discuss the new deal, which has a meaningfully higher cash component to it. In ...

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Airbnb Looks to Expand Its Reach

Not content to simply offer home rentals anymore, Airbnb is looking for ways to give customers the full vacation experience with packages that include services such as personal chefs, restaurant reservations, art gallery tours, and bicycle rentals. Sources say that ...

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Quarter of American Tourists Considering Cuba Visit

According to the latest Skift Survey of American adult Internet users, the appeal for a U.S. tourist to spend a vacation in Cuba skyrocketed to 25 percent following the media coverage of the historic visit made by the sitting president ...

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Starwood Chooses Marriott’s Sweetened Deal

Today, Starwood Hotels & Resorts Worldwide agreed to Marriott International’s raised $13.6 billion merger offer, topping Chinese insurer Anbang’s $13.16 billion offer. This news comes just three days after Starwood said it would terminate Marriott’s buyout agreement in favor of ...

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JVs Changing U.S. Real Estate Market

Over the past 12 months, more U.S. REITs and corporations have turned to joint ventures to raise capital. Ernst & Young, a multinational professional services firm, expects 2016 to be an active year for joint ventures, as companies will use ...

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U.S. Federal Reserve Scales Back Pace of Rate Rises

Federal Reserve officials’ unfavorable expectations of the economy have led to the announcement that they would most likely not be raising interest rates as rapidly as they had previously anticipated, reflecting on the risks posed by soft global growth and ...

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