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
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.
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.
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.
Vail Resorts on Thursday agreed to buy out Park City Mountain Resort for $182.5 million in cash.
As ice retreats in the Northwest Passage, bigger and more luxurious cruise ships are booking voyages on the storied route. NBC News reports.
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.
Aug 31- Norwegian Cruise Line Holdings Ltd, the world's third largest cruise operator, is in advanced talks to acquire peer Prestige Cruises International Inc for around $3 billion, according to people familiar with the matter.
Atlantic City is preparing for more than 6,000 jobs lost. Insight on the road ahead for the city, with CNBC's Morgan Brennan.
Hotels are taking a page from the airlines' playbook and have begun charging guest extra fees, even for services you may not use, reports NBC's Kerry Sanders.
*Sees no significant improvement in France in H2. PARIS, Aug 26- Accor, Europe's largest hotel group, forecast operating profit would rise this year as cost-cutting and restructuring efforts start to pay off and demand for hotel rooms improves in all regions outside its home market of France.
The real headache for many travelers is a quickly-growing list of hotel surcharges, even for items they never use.
The cruise industry is seeking a bigger slice of the growing Chinese tourist pie, with Beijing putting its heft behind expansion efforts.