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Airbnb’s $555 Million Funding Round Led by Google Capital

In a massive funding round led by Alphabet’s Google Capital and Technology Crossover Ventures, Airbnb has raised more than $555 million in new primary equity at a $30 billion valuation. The infusion could eventually total $850 million. For more information, click ...

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Marriott Officially Acquires Starwood

After a nearly 12-month process, Marriott has officially absorbed Starwood Hotels & Resorts, making it the biggest hospitality company in the world. Marriott now operates or franchises more than 5,700 hotels across the globe with 30 brands and more than ...

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Expedia Ends ‘Dimming’ Practice

Expedia has done away with “dimming,” the act of keeping certain hotels from prominent positions or removing media to pursuade shoppers into choosing a different property. Critics of the practice said Expedia was punishing hotels that would not offer it ...

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Brexit Hurting London Hotel Occupancy

Many companies are worried U.K. economic growth will slow in the wake of Brexit and are cutting travel budgets in response, according to PricewaterhouseCoopers LLP. Occupancy rates are expected to drop to about 80 percent, the lowest in nine years. ...

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A Look at European Development

According to Europe’s Hotel Construction Pipeline from Lodging Econometrics (LE), the three cities with the largest pipelines are: London with 78 projects/14,070 rooms, Istanbul with 35 projects/6,310 rooms and Moscow with 31 projects/7,805 rooms. The leading franchise companies in Europe’s ...

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Congress Urged to Act on Zika

According to AH&LA and the U.S. Travel Association, the U.S. Congress, mired in election-year politicking, has failed to advance a Zika funding measure. This failure to act could be consequestial for the travel industry, as many tourists could become increasingly ...

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