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
*Intercontinental Hotel Group gains on M&A talk. LONDON, May 27- European shares rose to multi-year highs on Tuesday, bolstered by U.S. economic data, mergers and acquisitions talk and expectations of more policy easing by the European Central Bank.
*Travel and leisure index top gainer in Europe. The STOXX Europe 600 Travel and Leisure index rose to its highest since 2007 and was up 1.2 percent by 1042 GMT, the best sectoral gainer in Europe, led by Intercontinental Hotel Group after media reported deal interest from an unidentified bidder in the United States.
*Accor has no plan to sell HotelInvest, brands for now- CEO. *HotelInvest buys 97 hotels in Europe for 900 mln euros- Accor. PARIS, May 27- Europe's largest hotel group, Accor, has no plans to spin off its HotelInvest real estate business or sell any of its hotel brands, but "nothing is taboo" in the long term, Chief Executive Sebastien Bazin said.
HONG KONG, May 26- The Chinese developer behind an eight-storey clubhouse with a billion-dollar view over Shanghai's Huangphu River is turning to lower-end coffee shops and restaurants to fill the space, as a broad anti-graft campaign puts the brakes on conspicuous spending.
Check-in is only the start of hotel spending. Guests are paying more for cocktails, massages and other extras.
LONDON, May 25- The world's largest hotelier, Intercontinental Hotels Group, has rejected a 6 billion pound takeover offer from a U.S. bidder, Sky News reported, citing unidentified sources. A spokeswoman for IHG, which runs 4,700 hotels with brands such as Crowne Plaza, Holiday Inn and Intercontinental, declined to comment on the report.
For those with a private jet at their beck and call, some destinations are more popular than others.
A lawsuit seeks to find the person who posted a negative review including the claim "the owner smokes weed," The Oregonian reports.
Dorchester Collection hotels in California face more protests over their owner's ties to severe Islamic law penalties in Brunei.
After a court battle, the peer-to-peer home rental company has agreed to comply with a subpoena but, at least initially, in an anonymous way.
A new luxury hotel has opened in the California desert with 244 guest rooms and suites.
Europe's AC Hotels are coming to the United States in hopes of luring the millennial business traveler.
Ann Sherry, CEO at Carnival Australia, describes the company's plans to make Australia one of their main ports of call
U.S. financial services giant Genworth Financial Inc raised A $583 million by selling 34 percent of its Australian business, joining a rush of companies to capitalize on the country's buoyant equity markets.
The recession finally appears to be in the rear-view mirror for American travelers, many of whom will even indulge in upgrades, according to new industry reports.
The Queen Mary 2 will depart Brooklyn, New York, today for a special 10th anniversary transatlantic crossing. David Dingle, Cunard Line CEO, explains how the mighty ocean liner is celebrating her anniversary.
The Carnival-owned Queen Mary 2 docked in New York City for anniversary celebrations.
New York Attorney General Eric Schneiderman is trying another tack in pursuit of people who may be illegally renting their residences via Airbnb.
A New York judge ruled in favor of Airbnb Tuesday in its ongoing fight with the state's attorney general.
The protest against the Beverly Hills Hotel and Bel-Air Hotel continues to grow.