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White House Continues to Ease Cuba Travel Restrictions

The Obama administration today announced it will allow travel to Cuba for “people to people” educational trips and lift limits on the use of U.S. dollars in transactions with Cuba. This news comes just one week before President Obama’s historic ...

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As Chinese Economy Slows, Acquisitions on the Rise

In the 1980s, Japanese companies began snapping up trophy properties in the United States, including the Rockefeller Center in New York and the Hotel Bel-Air in Los Angeles. Now, as China’s economy slows, companies like Anbang Insurance Group Co. are ...

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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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