As hotels prices rise through fall, travelers are expected to hit the road, lured by new hotels, Ferrari driving packages and upgraded attractions.» Read More
LONDON, Sept 17- Shares in Russian oil-to-telecoms conglomerate Sistema tumbled on Wednesday after its head Vladimir Yevtushenkov was accused by Russian investigators of money-laundering in connection with the company's acquisition of oil producer Bashneft.
Sept 16- Blackstone Group LP aims to raise about $16 billion for its latest flagship buyout fund, roughly in line with a predecessor fund that wrapped up fundraising in 2012, a person familiar with the matter said on Tuesday. The Wall Street Journal earlier reported on the fundraising target.
The travel industry has taken a deep dive into the debate of whether new jobs created since the recession are worse than the old jobs.
CAIRO— Egypt plans to increase the number of security cameras at hotels and popular tourist destinations as part of a series of new security measures aimed at buoying the flagging tourism sector following three years of political turmoil, the country's tourism minister said.
With wind speeds reaching 125 miles per hour, Hurricane Odile on Monday hit upscale resort city Cabo San Lucas in Mexico. The Category 3 storm forced authorities to evacuate coastal areas and prepare shelters for 30,000 people.
NEW YORK— Do you leave a tip in your hotel room for the maid? Marriott is launching a program with Maria Shriver to put envelopes in hotel rooms to encourage tipping. Some 750 to 1,000 hotels will participate from Marriott brands like Courtyard, Residence Inn, J.W. Marriott, Ritz-Carlton and Renaissance hotels.
Responding to a request from a millennial, Marriott is testing a new grab-and-go healthy option for its lobby.
The peer-to-peer home-sharing website Airbnb faces new opposition in New York.
Matthew Upchurch, Virtuoso chairman & CEO, reveals the top luxury destinations travelers are booking now, including New Zealand and Mexico.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Men's Wearhouse Inc., down $1.62 to $52.25. Restoration Hardware Holdings Inc., down $2.06 to $79.99.
Vail Resorts on Thursday agreed to buy out Park City Mountain Resort for $182.5 million in cash.
SALT LAKE CITY— An upscale hotel chain has agreed to pay about $2 million to settle allegations that 43 Utah employees working in the country illegally had returned to work after they were flagged by an immigration audit and fired, according to federal authorities.
As ice retreats in the Northwest Passage, bigger and more luxurious cruise ships are booking voyages on the storied route. NBC News reports.
NEW YORK— Marriott said Monday it plans to add 1,300 hotels by the end of 2017 to capitalize on economic growth and the expanding middle class overseas, with a focus on Asia. It plans to have 300 to 315 locations in Asia by the end of 2017, or at least double the 150 hotels it had there at the end of 2013..
NEW DELHI, Sept 8- The jailed chief of India's Sahara conglomerate has won 15 days more from the Supreme Court to use his makeshift office in prison to negotiate the sale of his group's trophy overseas hotels and raise $1.7 billion in bail money.
NEW DELHI, Sept 5- India's Sahara conglomerate would rather mortgage its trophy overseas hotel properties than sell them to raise the $1.7 billion in bail money for its jailed chairman, a senior company executive told Reuters.
Magic Mountain in California is banking on a combination of nostalgia and new technology for its big new ride next summer.
Sept 2- Norwegian Cruise Line Holdings Ltd said it would buy Prestige Cruises International Inc from its owner Apollo Global Management LLC in a $3 billion deal to expand its high-end luxury cruise offerings.
Norwegian Cruise Line Holdings is acquiring Prestige Cruises International for $3.025 billion in cash and stock.
Sept 2- Norwegian Cruise Line Holdings Ltd said it would buy Prestige Cruises International Inc in a $3.03 billion deal, including debt. Prestige owns upper-premium cruise operator Oceania Cruises and luxury cruise operator Regent Seven Seas Cruises.