LAGUNA BEACH, California— An exceedingly opulent seaside resort in Southern California has sold for an eye-popping $360 million. That price tag for the Montage Laguna Beach— which comes to $1.4 million per room— "shattered the price barrier for California hotels by a wide margin," hotel consultant Alan Reay of Atlas Hospitality tells the Los Angeles Times on...» Read More
PARIS, Oct 13- Accor, Europe's largest hotel group, is among potential buyers of No. 2 budget operator Louver Hotels, which owner U.S. investment group Starwood Capital is seeking to sell, a source close to the matter said on Monday. French daily Les Echos said on Monday that Starwood was seeking buyers for Louver Hotels and that Accor was among those that had...
PARIS, Oct 13- Accor, Europe's largest hotel group, is among potential buyers of No. 2 budget operator Louvre Hotels, which owner U.S. investment group Starwood Capital is seeking to sell, a source close to the matter said on Monday. French daily Les Echos said on Monday that Starwood was seeking buyers for Louvre Hotels and that Accor was among those that had...
E-cig consumption is on track to pass regular cigarettes in a decade, but for now, rules on where you can smoke are often unclear.
Bedbugs have not gone away, they've just found new places to hide. But the answer to the problem might be closer than you think.
NEW YORK, Oct 8- Where is retirement going to take you? They nixed Australia from their list, but over the years have done about 10 group tours, including two weeks in Alaska this year. Consider this: Viking River Cruises, one of the largest riverboat cruise operators, will carry more than 250,000 passengers in 2014 with a median age of 55, and 75 percent of them will do...
Prices are going up for business travelers and, at least for now, they're willing to spend, according to a new report.
Oct 6- Hilton Worldwide Holdings Inc said it would sell its flagship Waldorf Astoria New York hotel to a Chinese insurance company for $1.95 billion, one of the highest prices per room ever paid for a U.S. hotel. Anbang Insurance Group Co Ltd will pay $1.38 million per room for the Manhattan hotel that was once home to Marilyn Monroe, in a deal that will see Hilton...
Hilton Worldwide Holdings announced on Monday it has sold the Waldorf Astoria New York to Anbang Insurance Group for $1.95 billion.
International tourism to the United States was up 9 percent in the first half of this year. Could Ebola fears reverse that trend in the coming months?
Mad Money host Jim Cramer shares his top three picks in the cruise space.
One of the world's biggest hotel chains aims to become the "largest publishers of lifestyle," Variety reports.
A campaign to encourage more people to tip housekeeping may provide an opening for more mandatory hotel fees.
Fewer than 10,000 workers could get the new minimum raise adopted by the Los Angeles City Council.
Sept 23- Carnival Corp will relocate its chief operating officer to Shanghai from Miami and expand his role, underscoring the increasing importance of Asia for the world's largest cruise operator. The $29 billion global cruise industry is expected to benefit in the coming years from the rise of the middle class in emerging economies such as China and India.
Sept 23- Carnival Corp, the world's largest cruise operator, reported a better-than-expected quarterly profit and raised its full-year profit forecast as higher demand from Chinese holiday makers boosted ticket sales for cruises in Asia.
Sept 23- Carnival Corp, the world's largest cruise operator, reported a 4.7 percent rise in quarterly revenue, helped by higher demand for its Asia cruises. The company's net income rose to $1.25 billion, or $1.60 per share, in the third quarter ended Aug. 31 from $934 million, or $1.20 per share, a year earlier.
As hotels prices rise through fall, travelers are expected to hit the road, lured by new hotels, Ferrari driving packages and upgraded attractions.
Sept 18- Hyatt Hotels Corp said it will sell as franchises 38 select service hotels to a company organized by Lone Star Funds for about $590 million.
EDINBURGH, Sept 18- Scotland's independence vote is too close to call, but the owners of hotels, pubs and restaurants are already jubilant as thousands of journalists and tourists descended on the ancient streets of Edinburgh.
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.