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  • InterContinental unit Kimpton Hotels hit by payment card data breach

    (Reuters) - InterContinental Hotels Group Plc-owned Kimpton Hotels & Restaurants said an investigation had found a malware attack on servers that processed payment cards used at some of its hotels. The …

    (Reuters) - InterContinental Hotels Group Plc-owned Kimpton Hotels & Restaurants said an investigation had found a malware attack on servers that processed payment cards used at some of its hotels. The news comes nearly three weeks after a data breach was reported at 20 U.S. hotels operated by HEI Hotels & Resorts for …

  • Hyatt Hotels Corporation Boosts Profits, but Lowers Its Outlook
    Hyatt Hotels Corporation Boosts Profits, but Lowers Its Outlook

    The hospitality giant sees weaker growth overseas, but plans to plow ahead with an aggressive expansion initiative.

    Hyatt Hotels Corporation Boosts Profits, but Lowers Its Outlook

    The hospitality giant sees weaker growth overseas, but plans to plow ahead with an aggressive expansion initiative.

  • Austria moves to outlaw travel websites' ban on hotels undercutting prices

    Austria on Tuesday launched new legislation to outlaw travel websites' practice of forbidding hotels from offering rooms at lower prices on their own sites, following similar moves by France and Germany. …

    Austria on Tuesday launched new legislation to outlaw travel websites' practice of forbidding hotels from offering rooms at lower prices on their own sites, following similar moves by France and Germany. The practice allows online travel agents such as Booking.com, part of U.S.-based Priceline Group, to claim they always …

  • Airbnb may put lid on hotel rates during U.S. political conventions

    By Laila Kearney NEW YORK (Reuters) - This year's U.S. Republican and Democratic conventions may prove what hotels have long feared: They could lose a consistent windfall to Airbnb and other home-sharing …

    A man walks past a logo of Airbnb after a news conference in Tokyo

    By Laila Kearney NEW YORK (Reuters) - This year's U.S. Republican and Democratic conventions may prove what hotels have long feared: They could lose a consistent windfall to Airbnb and other home-sharing services. Normally, hotels would be cashing in on the combined 100,000 people expected to flood Cleveland for the Republican …

  • Cuban hotel becomes first to operate under U.S. brand

    By Sarah Marsh HAVANA (Reuters) - A large "Four Points by Sheraton" sign has gone up outside the Havana hotel that this week becomes the first in Cuba to operate under a U.S. brand since the 1959 revolution. …

    A U.S. flag and a flag of the Cuban military-run hospitality company Gaviota flutter near the logo of a  "Four Points by Sheraton" hotel in Havana

    By Sarah Marsh HAVANA (Reuters) - A large "Four Points by Sheraton" sign has gone up outside the Havana hotel that this week becomes the first in Cuba to operate under a U.S. brand since the 1959 revolution. The military-owned Gaviota 5th Avenue Hotel, close to the Caribbean seafront, is one of two hotels that Starwood …

  • Seoul prosecutors raid Lotte Group, casting new doubt over hotel unit IPO

    By Joyce Lee SEOUL (Reuters) - South Korean prosecutors raided the offices of Lotte Group, the country's fifth-largest conglomerate, and several affiliates on Friday, dealing a further blow to its hotel …

    An investigator from the prosecution office carries boxes containing confiscated articles at Lotte Group's headquarters in Seoul

    By Joyce Lee SEOUL (Reuters) - South Korean prosecutors raided the offices of Lotte Group, the country's fifth-largest conglomerate, and several affiliates on Friday, dealing a further blow to its hotel unit's planned IPO, billed as the world's biggest this year. Hotel Lotte, one of the affiliates raided, cut the size …

  • South Korea's Hotel Lotte plans $4.9 billion IPO, year's largest: sources

    By Lee Chang-ho and Joyce Lee SEOUL (Reuters) - South Korea's Hotel Lotte Co Ltd [HTLOT.UL] plans a share sale worth up to 5.7 trillion won ($4.85 billion) next month, sources said on Wednesday, in what …

    The logo of Lotte Hotel is seen at a Lotte Hotel in Seoul

    By Lee Chang-ho and Joyce Lee SEOUL (Reuters) - South Korea's Hotel Lotte Co Ltd [HTLOT.UL] plans a share sale worth up to 5.7 trillion won ($4.85 billion) next month, sources said on Wednesday, in what would be the world's biggest initial public offering since late 2015. The sprawling Lotte Group said last year it would …

  • Bluesky Hotels to buy Canada's InnVest for $2.1 billion

    (Reuters) - Canada's InnVest Real Estate Investment said that it has entered into an agreement to be bought by Bluesky Hotels and Resorts. The transaction values InnVest at $2.1 billion, including …

    (Reuters) - Canada's InnVest Real Estate Investment said that it has entered into an agreement to be bought by Bluesky Hotels and Resorts. The transaction values InnVest at $2.1 billion, including debt, the company said on Tuesday. InnVest's shareholders will receive $7.25 in cash for each InnVest unit, representing …

  • Bluesky Hotels to buy Canada's InnVest for $2.1 billion

    (Reuters) - Canada's InnVest Real Estate Investment said that it has entered into an agreement to be bought by Bluesky Hotels and Resorts. The transaction values InnVest at $2.1 billion, including …

    (Reuters) - Canada's InnVest Real Estate Investment said that it has entered into an agreement to be bought by Bluesky Hotels and Resorts. The transaction values InnVest at $2.1 billion, including debt, the company said on Tuesday. InnVest's shareholders will receive $7.25 in cash for each InnVest unit, representing …

  • Hotel chain Marriott's quarterly revenue rises 7.4 percent

    (Reuters) - Marriott International Inc's revenue rose 7.4 percent in the first quarter, helped by higher room rates and occupancy at its hotels. The company, which is buying Sheraton hotels owner Starwood …

    A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York

    (Reuters) - Marriott International Inc's revenue rose 7.4 percent in the first quarter, helped by higher room rates and occupancy at its hotels. The company, which is buying Sheraton hotels owner Starwood Hotels & Resorts Worldwide Inc, also reaffirmed its forecast of 3-5 percent growth in average revenue per available …

  • Trump's hotel chain faces another credit card system breach: Blog

    (Reuters) - Republican presidential candidate Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, appears to be dealing with the second breach of its credit card systems in a …

    Police officers block an intersection outside the Trump International Hotel & Tower in Toronto

    (Reuters) - Republican presidential candidate Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, appears to be dealing with the second breach of its credit card systems in a year, KrebsonSecurity reported on Monday. The luxury hotel fell victim to a credit card breach in July. The hotel industry …

  • China's Anbang abandons $14 billion bid to buy Starwood Hotels

    China's Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide Inc , paving the way for Marriott International Inc to buy the Sheraton …

    A woman walks past the 'W London' hotel in Leicester Square in central London

    China's Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide Inc , paving the way for Marriott International Inc to buy the Sheraton and Westin hotels operator. The surprise withdrawal marks an anticlimactic end to a bidding war that had pitted Marriott's …

  • Starwood signs first U.S.-Cuba hotel deal since 1959 revolution

    By Marc Frank HAVANA (Reuters) - Starwood Hotels & Resorts Worldwide on Saturday became the first U.S. hotel company to sign a deal with Cuba since the 1959 revolution, announcing a multimillion-dollar …

    Tourists take a selfie while sitting in a vintage car outside the Quinta Avenida Habana Hotel in Havana

    By Marc Frank HAVANA (Reuters) - Starwood Hotels & Resorts Worldwide on Saturday became the first U.S. hotel company to sign a deal with Cuba since the 1959 revolution, announcing a multimillion-dollar investment a day before U.S. President Barack Obama was due to visit Havana. Such deals would normally be prohibited …

  • New York's Plaza Hotel to go on sale next month: Bloomberg

    (Reuters) - New York's Plaza Hotel is set to go on sale in an auction next month, Bloomberg reported on Wednesday. David and Simon Reuben hold the mortgage on the five-star hotel and scheduled a foreclosure …

    File photo of the Plaza Hotel in midtown Manhattan in New York

    (Reuters) - New York's Plaza Hotel is set to go on sale in an auction next month, Bloomberg reported on Wednesday. David and Simon Reuben hold the mortgage on the five-star hotel and scheduled a foreclosure auction for April 26, Bloomberg said, citing a source. For sale are the Plaza's hotel rooms, its restaurants and …

  • Hilton to spin off hotel properties into REIT: source

    (Reuters) - Hotel operator Hilton Worldwide Holdings Inc plans to spin off its hotel properties into a REIT, a person familiar with the matter told Reuters on Wednesday. The spinoff will be tax free …

    (Reuters) - Hotel operator Hilton Worldwide Holdings Inc plans to spin off its hotel properties into a REIT, a person familiar with the matter told Reuters on Wednesday. The spinoff will be tax free and the company has already sought the blessing of the Internal Revenue Service, the person said. Hilton, which owns the …

  • French hotel group Accor in talks to buy Canada's FRHI: WSJ

    (Reuters) - Europe's largest hotel group Accor SA is planning to buy Canada-based FRHI Hotels & Resorts for about $3 billion, The Wall Street Journal reported on Thursday, citing sources. The deal, which …

    Flags fly over the entrance of the Fairmont hotel, where U.S. President Barack Obama stayed, in San Francisco

    (Reuters) - Europe's largest hotel group Accor SA is planning to buy Canada-based FRHI Hotels & Resorts for about $3 billion, The Wall Street Journal reported on Thursday, citing sources. The deal, which could be announced as early as next month, could still fall apart as the hotel giants did not reach any agreement yet, …

  • Vancouver's Rosewood Hotel unveils posh $15K per night suite

    A posh Vancouver hotel is offering those who enjoy the finer things in life a $15,000 a night experience in their luxury guest room.

    Vancouver's Rosewood Hotel

    A posh Vancouver hotel is offering those who enjoy the finer things in life a $15,000 a night experience in their luxury guest room.

  • Donald Trump's hotel collection under possible credit card breach: blog

    (Reuters) - Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared …

    The Trump Soho Hotel is seen in New York

    (Reuters) - Real estate developer Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, could be the latest victim of credit card breach, KrebsonSecurity reported, citing data shared by several U.S.-based banks. Sources at the U.S. banks traced a pattern of fraudulent debit and credit card charges …

  • U.S. hotel business poised for good years, leaders say

    By Herbert Lash NEW YORK (Reuters) - Steadily expanding demand, in line with a moderately growing U.S. economy and a still low rate of new room construction, bodes well for the U.S. hotel industry in …

    A worker paints the doorway of a hotel during the World Cup round of 16 match between Germany and Algeria in Sao Paulo

    By Herbert Lash NEW YORK (Reuters) - Steadily expanding demand, in line with a moderately growing U.S. economy and a still low rate of new room construction, bodes well for the U.S. hotel industry in the near term, leading executives in the business said on Monday. A surge in deals for U.S. hotels, driven in part by Chinese …

  • Tech executive Goldberg died after hotel gym accident: official

    SurveyMonkey Chief Executive Dave Goldberg died Friday from a head injury while exercising at a hotel gym in Mexico, the local prosecutor's office said Monday. Goldberg, the husband of Facebook Inc Chief …

    File photo of Sandberg, COO of Facebook, arriving with her husband Goldberg, CEO of SurveyMonkey, for the first day of the Allen and Co. media conference in Sun Valley

    SurveyMonkey Chief Executive Dave Goldberg died Friday from a head injury while exercising at a hotel gym in Mexico, the local prosecutor's office said Monday. Goldberg, the husband of Facebook Inc Chief Operating Officer Sheryl Sandberg, fell off a treadmill at the Four Seasons Resort in Punta Mita and hit his head, …

 
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