Travel

  • The fiercest bidding war dealmakers have seen in recent history

    Marriott International clinched a new deal with Starwood Hotels & Resorts yesterday, making a last-minute comeback to edge out a rival bid from China’s Anbang in...

  • China’s Anbang acquires Strategic Hotels for $6.5bn

    Chinese insurer Anbang has struck its biggest deal for prime US property, agreeing to buy Strategic Hotels & Resorts for $6.5 billion only three months after...

  • Google experiments advanced artificial intelligence

    Google has unveiled a system that attempts to pinpoint the location of where a photograph was taken by analysing the image, as the internet group continues...

  • Uber is losing $1 billion a year in China

    Uber has revealed that is losing more than $1 billion a year in China, amid fierce competition from local ride-hailing rival Didi Kuaidi. But chief executive Travis...

  • Investors are turning to private deals

    Two well-known investors in Lyft have cut their holdings in the ridesharing company, underscoring how investors are turning to private deals to find liquidity amid a...

  • Skyscanner enter the club of British ‘unicorns’

    Skyscanner has received nearly $192 million from new investors, in a move that sees the Edinburgh-based online travel site enter the small club of British ‘unicorns’...

  • Sidecar would shut down

    The massive amounts of money being poured into US ride-hailing apps Uber and Lyft showed signs of forcing a local shake-out yesterday, as Sidecar, one of the...

  • Facebook supports Uber

    Uber has agreed an alliance with Facebook Messenger that will allow users to order a ride from within the Messenger chat app, in a coup for...

  • Uber is targeting South Asia’s megacities

    Uber is set to enter a new phase of international expansion targeting South Asia’s teeming megacities, launching initially in Sri Lanka and Pakistan as it moves to...

  • The anti-Uber alliance: Ola, GrabTaxi, Lyft and Didi Kuaidi

    The global anti-Uber alliance has announced a major expansion, with new partnerships in India and Southeast Asia that will increase its coverage to nearly half of...

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