News in brief: Starwood, Rida, TripAdvisor

Starwood earnings decline in Q3:  Starwood Hotels & Resorts Worldwide reported a net income of US$157 million for the third quarter of 2013, down from US$170 million during the same period in 2012.

Download this PDF from Starwood for the full earnings report


Rida Development, City of Aurora file lawsuit against 11 hotels:  Rida Development Corp., the City of Aurora, Colorado, and the Aurora Urban Renewal Authority filed a lawsuit against 11 Denver-area hotels due to their alleged “baseless legal maneuvering” to obstruct and delay the recently revived development.

Read more at the Denver Business Journal


TripAdvisor says will not become OTA:  TripAdvisor CEo Stephen Kaufer said in a call with investors that his company has no plans to become an online travel agency.

Read more at Tnooz


AKA launches film division:  AKA announced the launch of a new filmmaking division, which will hold a screening for its first film, the documentary “The Barefoot Artist” later this month in Beverly Hills, California.

Read more at PR Newswire


China to surpass US in business travel spending:  China is expected to surpass the U.S. as the world’s most dominant business travel market as early as 2016, according to a new report from the Global Business Travel Association. GBTA expects total spending on Chinese-originated business travel to grow 14.3% in 2013 to US$224 billion. In 2014, China is projected to see a 17.2% increase in business travel spend, more than twice the rate of the U.S.