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Anbang Offer Puts Starwood-Marriott Merger at Risk

Starwood Hotels & Resorts has received a $12.84 billion buyout offer from a consortium led by China’s Anbang Insurance Group, threatening to derail its planned takeover by Marriott International. The consortium made the unsolicited offer on March 10 to acquire ...

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Marriott Presents Lower Rates for Direct Booking

In an effort to dismiss potential rumors that other travel websites offer lower rates for its hotels, Marriott International will begin to offer discounted room rates exclusive to Marriott Rewards members who book directly or through appointed corporate travel professionals. ...

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Millennials Soon To Be Top Hotel Spenders

According to hospitality expert Sabre, millennials will become the largest spenders on hotels as soon as next year. This prediction comes from data gathered by Sabre about the millennial demographic, which will become the largest spending travel demographic by 2020. ...

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More Mergers, Acquisitions to Come in 2016

Following a year that saw major hotel companies wheeling and dealing toward a more consolidated marketplace, Reuters is expecting to see even more merger and acquisition (M&A) activity in the hospitality space in 2016. There are a number of drivers behind this activity, ...

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Baby Boomers Have Newfound Travel Interests

A new British Airways survey of 2,000 U.S. baby boomers shows that the generation wants to travel the world, but feels hindered by work and cost. More than a fifth surveyed said they haven’t traveled more due to work commitments. ...

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Starwood Fights Against Discriminatory Bill

Starwood Hotels & Resorts has sent a letter to Georgia Gov. Nathan Deal, urging him to oppose a religious freedom bill that, in its current form, could lead to discrimination based on sexual orientation and gender identity. Starwood General Counsel ...

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