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
Business travelers spent less money per trip in the second quarter, but it wasn't because prices went down, according to a new report.
Arne Sorenson, Marriott International CEO & president, discusses Marriott's deal to add Atlantis on Paradise Island in the Bahamas to its portfolio.
*Tsogo Sun to buyback shares worth $260 mln from SABMiller. LONDON/ JOHANNESBURG July 7- SABMiller will sell its $1 billion stake in South Africa's top gaming and hotel group Tsogo Sun, the brewer said on Monday, giving it cash to beef up its African beer business.
Fluffy pillows might make hotel guests feel welcome, but sometimes face time with a pet is what a road warrior might be craving.
DUBAI, July 5- Dubai is launching a project to build an entertainment and hotel district that will include the world's largest shopping mall, the emirate's ruler, Sheik Mohammed bin Rashid al-Maktoum, said on Saturday.
Girish Jhunjhnuwala, Founder & CEO of Ovolo Hotels, says its hotel's location in the southern part of Hong Kong resembles "hip areas" like New York's Meatpacking District and London's Shoreditch.
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.