hotels

Donald Trump's Legacy: Kids Who Aim to Think Big

Eric Trump started getting a taste of the family business at young age, tagging along with his real estate and hotel tycoon father, Donald Trump. That early immersion set the stage for Eric's involvement with the Trump Organization as an adult, and his desire to follow in his father's footsteps.

Priceline Has Room to Rise With Jetstar Airways Deal

Priceline recently announced a partnership with Asian low-cost carrier Jetstar Airways: Now, Priceline will provide bookings at thousands of Asian hotel properties on Jetstar's website. The potential gains from the deal should move the needle on Priceline's stock.

Expedia's AirAsia Partnership Is Just the Ticket

Expedia, the world's largest online travel agency, soon will be selling flights, hotel bookings and holiday packages in the world's fastest growing aviation and tourism market, thanks to an exclusive deal with AirAsia. Trefis takes a look at what the deal will mean for both companies.

How to Save Money at Summer Music Festivals

Summer music festivals offer a fun way to hear the country's best bands, but between tickets, travel, food and accommodations, they aren't cheap. So we asked directors and promoters of some of the summer's top events for their favorite penny-pinching tips for festival-goers.

How Could Changes at Priceline Sway Its Stock?

What if Priceline made changes to its "Name Your Own Price" service? Or what if it suddenly loses market share in hotel bookings, or starts offering its service on airline Web sites? Here,an interactive chart lets you see exactly what would happen. Go ahead, try it!

Abu Dhabi Hotel Debuts $11 Million Christmas Tree

An Abu Dhabi hotel unveiled a jewel-encrusted Christmas tree worth more than $11 million today. It is the "most expensive Christmas tree ever," said Hans Olbertz, general manager of Emirates Palace hotel, according to Agence-France Presse.

Investors Are Resting Well With Starwood

Amid some recent profit-taking, Starwood's more bullish adherents say the stock has firepower to spare as the company continues to demonstrate solid leadership. It's one of the world's largest hotel companies and is well-positioned in the hot Chinese and Indian markets.

Marriott Outlines Growth Goals for Next Three Years

Marriott International (MAR) said that earnings per share could hit $2.75 by 2013. The estimate is part of a range of ambitious growth forecasts for the next three years. The company said that it expects to add as many as 90,000 hotel rooms to its portfolio from 2011 to 2013, with additional opportunities for 22,000 rooms to open in Europe and Asia over the same time period.

Choice Hotels CEO Cleans Up His Act on Undercover Boss

Some CEOs look as though they've never done a day of manual labor in their lives, and Stephen Joyce, the head of Choice Hotels International is one of them. His week in the spotlight of "Undercover Boss" left him sweaty and distressed, and -- as usual -- put him in touch with soul of his company.

Virgin Group to Enter Hotel Industry

Virgin Group Ltd, founded by U.K. tycoon Richard Branson, plans enter the hotel industry. Virgin will spend as much as $500 million on high-end hotels aimed at "high income, well-educated, metropolitan 'creative class'" customers, Bloomberg News said. The company is scouting for locations in cities including New York, San Francisco and Miami.

Ritz-Carlton to Offer Reward Program to Attract Travelers

Ritz-Carlton will introduce a loyalty rewards program in response to declining room rates in the luxury hotel industry. The chain long insisted that its customers were not interested in such a scheme. But with the average cost of a Ritz room at $297 at the end of the second quarter, 19% below the 2008 rate, loyalty programs now hold an appeal.

Brazilian and Chinese Tourists Rediscover America

Brazilian and Chinese visitors led a resurgence in foreign tourism spending within the U.S. in the first half of 2010, giving hope to domestic hoteliers, airline companies and others that the travel-spending slump of 2008 and 2009 is over, according to a report released Wednesday.

Highland Hospitality Could File for Bankruptcy

Highland Hospitality could file for bankruptcy as economic woes squeeze the hotel industry, The Wall Street Journal reported. Highland Hospitality, which holds 27 hotels, could file as soon as next month, The Wall Street Journal reported without naming its sources. Still, discussions about the move are still at an early stage.

Labor Day travel deals await

If you've waited until now to plan an escape for the last weekend of summer, there are still bargains out there, whether you're looking to stay close...

Magic Johnson Aims for a Three-Pointer in Hotels

Earvin "Magic" Johnson recently celebrated his Los Angeles Lakers' 2010 NBA Championship win. Now, he's hoping for a similar comeback for the suffering U.S. hotel industry, where he has put money for years as a way to create jobs and services in communities underserved by investors.