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Mirae Emerges as Lead Bidder for Anbang Hotel Portfolio

South Korea's Mirae Asset Financial Group is emerging as the leading bidder for a portfolio of 15 U.S. luxury hotels being sold by troubled Chinese insurer Anbang Insurance Group Co., people with knowledge

The Subscription Model Comes to Luxury Travel

What does luxury travel now have in common with grocery shopping, music streaming, and shaving? The subscription model. In mid-July, Denver-based travel club Inspirato launched its Inspirato Pass, which

Hotel Site Accuses Booking, Expedia of EU Antitrust Breaches

Online travel booking site Nustay A/S has filed a complaint to the European Union's antitrust regulator, claiming Expedia Group Inc. and Booking Holdings Inc. are trying to "kill off" the startup for offering

Hostile Hospitality: Airlines and Hotels Take On Travel Websites

Airlines and hotels are leaning on lobbyists, lawmakers, and regulators to regain control of the way travelers purchase flights and rooms by diminishing the standing of third-party travel bookers. Both

Goldman Is Near 2 Billion Euro Deal for PAI's B&B Hotels

Goldman Sachs Group Inc. is close to a deal to buy the B&B Hotels chain from PAI Partners for about 2 billion euros ($2.2 billion), people familiar with the matter said. At that price, the Paris-based

Singapore's Hotels Get a 'Crazy Rich Asians' Boost

After Singapore's residential and office markets made comebacks, the next property sector to bet on might just be its hotels. The hotel industry is heading into 2019 in good shape after boosts to visitor

Marriott CFO Calls $1 Billion Estimate on Cyber Breach Premature

It's too soon for Marriott International Inc. to estimate the cost of the massive cyber breach that the company disclosed last week, and other companies that have suffered big attacks are imperfect proxies

Airbnb Will Remove Listings for Israeli Settlements in West Bank

Airbnb Inc. said it will stop renting out homes in Jewish settlements of the West Bank, a move that drew sharp rebukes from Israeli officials on Monday. The San Francisco-based company said it would remove

These Are the World’s Most Expensive Airbnb Cities

Sunbathing in Tel Aviv or hitting Dubai's fabulous malls will set you back a bit more lately. A combination of high hotel and apartment costs and strong tourism has Airbnb rates in some Middle Eastern

These New Hotels Can Actually Compete With Airbnb -

It's one of the most divisive questions for road warriors: hotel or Airbnb? Don't agonize over your answer. Thanks to a new, hybrid concept that's taking the hospitality world by storm, it's possible to