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Anbang 'scraps Starwood Hotels bid'

2016-03-31 23:28:33| BBC News | Business | UK Edition

Chinese insurance firm Anbang has abandoned its $14bn bid for Starwood Hotels, ending a bidding war with Marriott, media reports say.

Tags: hotels bid scraps starwood

 

Attack in Brussels weighs on airlines, travel sites, hotels

2016-03-23 01:28:31| Apparel - Topix.net

A ripple ran through the travel and lodging industry Tuesday following deadly attacks in Belgium that killed dozens of people at the Brussels airport and in the city's subway. American Airlines, Delta and United Airlines cancelled or diverted all flights to and from Brussels, where the airport was closed.

Tags: sites travel hotels attack

 
 

Starwood Hotels backs new Marriott offer

2016-03-21 17:37:42| BBC News | Business | UK Edition

Starwood Hotels backs a new offer from rival hotel firm Marriott International which values Starwood at $13.6bn.

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Travel notes: Hotels feud with online travel sites

2016-03-06 16:15:51| Wireless - Topix.net

A battle is heating up between online travel sites and U.S. hotels over the best way to book your hotel room. The American Hotel and Lodging Association, the trade group for hotels in the U.S., is pushing for legislation to crack down on fraudulent online booking sites that trick travelers into paying for hotel rooms but have no relation to the hotels.

Tags: online sites travel notes

 

Tata Group's Indian Hotels divests 1.24% stake in Belmond for nearly Rs 82 crore

2016-02-26 10:01:57| Steel - Topix.net

The sale proceeds are being utilised for the retirement of debt, Indian Hotels Company said in a filing to BSE. Tata Group hospitality arm Indian Hotels Company has said its overseas arm Samsara Properties has sold over 12.7 lakh shares or 1.24% of Belmond for a consideration of $11.96 million to pare debt.

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