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.» Read More
Emirates Airline, the world's largest operator of A380s, offers aspiring pilots "flights" to any of a dozen major airports around the world.
COLOMBO, April 25- Sri Lanka's parliament approved a $400 million development by Australian casino operator Crown Resorts Ltd on Friday, but said it would not be allowed to open a casino there.
Shares of the company, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise, fell as much as 3.2 percent in early trading. Royal Caribbean said its cruise operations were hurt by several mishaps in the first quarter. Royal Caribbean has also been struggling to boost sales in the Caribbean, its biggest market.
April 24- Royal Caribbean Cruises Ltd, the world's second-largest cruise operator, reported a much lower-than-expected quarterly profit as costs rose and passengers spent less onboard. Shares of the company, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise, fell as much as 3.2 percent in early trading.
April 24- Starwood Hotels& Resorts Worldwide Inc's quarterly profit topped Wall Street estimates as growth in business travel in North America boosted both occupancy and room rates.
Peer-to-peer home rental site gets its day in court.
One of the major disruptors in the lodging industry heads to court Tuesday to defend the way it does business.
The environmentally-friendly alternative housing movement is expanding to the hotel industry.
The art deco-designed Raleigh Hotel in South Beach has a fashionable new owner.
Early numbers show travelers are looking to book bigger and better vacations as soon as the weather warms up.
Some RFID gaming chips have the ability to not only cut casino's cheating losses, but also track an individual player bet by bet.
The last sequential calendar date in this century may be a lucky day for some couples.
*Problems in Zimbabwe, Mozambique, Zambia. LONDON, April 15- SABMiller, the world's second-largest brewer by sales, posted a modest rise in full-year lager sales volumes following troubles in a number of African markets that have been fueling growth for the past few years.
Travelers are spending more money on a quest for something authentic. "It's almost like there's no wild places anymore," said one industry spokesman.
The peer-to-peer home rental company hopes to start collecting New York hotel taxes by July 1.
Plans were revealed for Hilton Hotels' long-awaited Waldorf Astoria in Beverly Hills, Calif., which will be opened in 2017.
April 10- Shares of auto-lender Ally Financial Inc fell as much as 3 percent in their market debut on Thursday, taking the shine off the biggest U.S. Treasury, which sold 95 million shares at $25 each, the low end of the expected price range of $25- $28.
A 5-star hotel will be built in a Ferrari theme park along with rides including the highest and fastest vertical accelerator in Europe.
*Shares open at $16.75, below IPO price of $17. La Quinta's shares, which priced below the expected range at $17, fell as much as 4 percent in early trading before recovering their losses to trade slightly up.
April 8- The initial public offering of La Quinta Holdings, owned by the Blackstone Group, was priced at $17 per share on Tuesday, valuing the hotel chain at about $2.1 billion. La Quinta's IPO raised $650 million, after its offering of 38.25 million shares was priced below an expected range of $18 to $21 a share.