Starwood’s Board of Directors determined that revised terms from Marriott constitute a superior proposal compared to previously announced offer by Consortium led by Anbang Insurance Group.
Hilton brands take out the top four spots in a ranking by TOPHOTELPROJECTS.
Inaugural Luxury Insights Report from Fairmont reveals global trend in travellers seeking emotional connection to historic and iconic hotel destinations.
If Starwood terminates its merger agreement with Marriott, the company would be obligated to pay Marriott a $400 million termination fee in cash.
The number is expected to reach almost 126 million, making China the largest outbound market overtaking the US, Germany, and the UK.
The agreement with Standard Textile creates approximately 150 U.S. jobs and will mean the annual production of 2.6 million bath towels and 4.9 million hand towels – the equivalent of as much as 5.6 million pounds of textiles.
London is the most talked about travel destination on Twitter, with the words ‘London’ and ‘travel’ tweeted together more than 630,000 times in 2015, 200,000 times more than the next most popular cities.