July 28- Global business travel spending will reach a record $1.18 trillion this year, up nearly 7 percent from 2013, bolstered by growth in China, a U.S. trade group said on Monday.» Read More
Hotel and air rates in many destinations are either flat or lower than 2013, but July 4 travel is up for a third year in a row.
An app-only booking company has added keyless room entry and mobile check-in features for hotel guests.
Intercontinental Hotels' board rejected a merger offer in May, Sky News reports.
June 24- Carnival Corp, the world's largest cruise operator, forecast an adjusted profit below market estimates for the current quarter, blaming increased competition in the Caribbean.
*Forecasts $1.38- $1.44/ share for Q3 vs est $1.51. June 24- Carnival Corp, the world's largest cruise operator, forecast a weaker-than-expected adjusted profit for the third quarter, citing increased competition in the Caribbean and higher costs, sending its shares down 2 percent in early trading.
June 24- Carnival Corp, the world's largest cruise operator, said its quarterly profit more than doubled as costs fell. Net income rose to $106 million, or 14 cents per share, in the second quarter ended May 31, from $41 million, or 5 cents per share, a year earlier. Excluding items, the company earned 10 cents per share.
U.S. airlines collected $790 million in bag fees in the first quarter of 2013.
The ex-wife of energy tycoon T. Boone Pickens has become a Nevada hotelier, offering tipis with butler service, from $1,000 a night.
June 17- Oracle Corp is in talks to buy Micros Systems Inc, which makes software for retailers and hotel chains, for more than $5 billion, Bloomberg reported citing people familiar with the matter. Oracle declined to comment, while Micros could not be immediately reached for comment.
June 17- Oracle Corp is in talks with Micros Systems Inc to buy the software maker for retailers and hotel chains for more than $5 billion, Bloomberg reported, citing people familiar with the matter. Micros shares were up 17 percent at $67.54 in early afternoon trading on the Nasdaq. Oracle and Micros could not be immediately reached for comment.
Competition to secure a private plane for the World Cup is heating up as Brazilian airports fill up.
The economy in Sin City continues to move away from gaming since the worst days of the Great Recession.
Blackstone is trimming its stake in Hilton Worldwide, with the "Squawk on the Street" crew.
As travel rebounds, second-tier U.S. cities, looking to grow arrivals and receipts, are wooing both developers and travelers—even overseas.
Carnival's new CEO made a career at Monsanto overseeing Roundup weed killer and later led a company manufacturing the artificial sweetener Equal.
A field of 25 bidders has been narrowed to a final few who want to buy a Times Square hotel infamous for winning a dubious "dirty" honor.
At The Cosmopolitan, poolside revelers can get bottle-service via drone. What could go wrong?
The prototype for the Empire State Building will turn into a hotel and luxury apartments next year.
The oceanfront resort made famous in "Some Like it Hot" has sold in a deal that values its rooms in excess of $1 million each.
HomeAway COO Brent Bellm, discusses the vacation rental industry and the competition with hotels, and whether he's worried about regulation in the industry.