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Marriott Releases Q2 Earnings

Marriott International’s Q2 earnings rose 2.9 percent. CEO Arne Sorenson said in the company’s earnings call that while hotel performance in the latest quarter reflects slower economic growth, leisure travel and group business performed well. Overall profits were $247 million ...

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Airline Uses Airbnb to Fill Seats

With lower profit expectations for the year, as advance bookings decline, German airline Lufthansa has turned to Airbnb to fill more seats on its planes. The move marks the first time an airline has listed flights on the home-sharing site. ...

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Are Booking Trends Moving Away from OTAs?

Online travel agencies have reigned supreme over the last several years, as tech-savvy guests look for quick and easy ways to book trips. But now, it would seem as though the tide is turning, and OTAs are falling slightly out ...

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Kimpton Hotels Investigates Breach Claims

Yesterday, Kimpton Hotels & Restaurants said the company has recently been made aware of a report of unauthorized charges occuring on cards used at Kimpton properties. The hotel group is working to quickly resolve the matter, but has not yet ...

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Group Makes Bid for Grosvenor House, Plaza

A U.K. multifamily office and two Middle Eastern partners have made a $1.3 billion bid to acquire the Grosvenor House hotel in London and majority stakes in The Plaza and Dream Downtown hotels in New York. If the deal goes ...

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Excess Rooms Push Rate Drops in China

China’s excess in supply has forced owners to reduce rates to attract customers. As many as four in 10 rooms in China have been empty as of late due to a proliferation of hotel chains, reports The Wall Street Journal. In the ...

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