Marriott Plans to Open 1,700 Hotels in the Next 3 Years

Marriott is planning to open 1,700 hotels within the next three years, the company announced Monday prior to its investor day conference in New York City. The hotel retailer said it expects to have between 275,000 and 295,000 new rooms by 2021, which includes roughly 214,000 rooms that are already under construction. Marriott International President […]

Airbnb Is Buying Last-Minute Hotel Room App HotelTonight, Giving Itself Pre-IPO Momentum

Airbnb is taking another step into the broader travel industry with a new expansion into boutique hotels. The company, which built its business on renting homes, has agreed to purchase HotelTonight for an undisclosed amount. A travel app that helps users find last-minute hotel rooms at discounted rates, HotelTonight was valued at $463 million in […]