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News in brief: Airbnb, Expedia, Trump

Airbnb buy? Home-rental site Airbnb is in talks to acquire Luxury Retreats, a Canadian company that deals in high-end vacation villas, in a US$200 million deal.

Read the Financial Times article

 


Expedia bookings up: An increase in bookings helped online travel company Expedia reported better-than-expected revenue in Q4. The company said gross bookings rose 8% to US16.10 billion.

Reuters has the story

 


Trump hotel conflict? A lobbying firm working for Saudi Arabia paid for a room at US President Donald Trump’s Washington, D.C., hotel, raising questions of whether the payment represents a violation of the Constitution’s foreign emoluments clause.

Read the story on Politico

 


Ronaldo scores in Morocco: A Moroccan newspaper is reporting that Portuguese football star Cristiano Ronaldo plans to buy a hotel in Casablanca that would be part of the Pestana CR7 hotel group he founded, of which two are currently open, both in Portugal.

Read the story on Morocco World News

 


Red Sea resorts targeted: An Egyptian jihadist group linked to the Islamic State claimed responsibility for rockets fired at the Israeli Red Sea resort area of Eilat.

The Times has the story

 


Positive vibes in Caribbean: According to the second annual Caribbean Hotel and Tourism Association Industry Performance and Outlook Study, 81% of hoteliers have an “encouraging outlook for tourism in 2017.” According to the survey, 78% of hotels registered a net profit in 2016 despite threats including Brexit, warmer temperatures from feeder markets, Zika and exchange rates. Room occupancy decreased for just more than half (51%) of the reporting hotels; 29% reported an increase in occupancy.

 


Aman names COO: Roland Fasel, former GM of The Dorchester and regional director, UK, for the Dorchester Collection, joined the company as chief operating officer.

 


Aloft in Dallas: A Dallas developer will add Aloft to the Trophy Club Town Center, a mixed-use development.

It’s in the Dallas Business Journal

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