Expedia buys Travelocity: Expedia Inc. has agreed to buy Travelocity from Sabre Corp. for US$280 million. Expedia and Travelocity have been working together since 2013, when they entered into a long-term agreement with Expedia handling most of Travelocity’s operations.
Read more at The Wall Street Journal
InterContinental Tampa acquired: Arden Group has acquired the InterContinental Hotel Tampa Westshore for an undisclosed amount. Arden plans to invest US$7 million in the hotel to renovate guestrooms, public space and restaurant.
Read more at The Tampa Tribune
South Korea tourism: South Korea’s government has called for the prompt spending of nearly US$16 billion dollars previously earmarked for the development of four projects to attract more than US$7 billion dollars in new investments for the construction of hotels, resorts and theme parks.
New World Petaling Jaya: New World Hotels & Resorts has been appointed by WCT Holdings Berhad to manage New World Petaling Jaya Hotel outside Kuala Lumpur. The hotel will open in 2016.
Read more at Travel Daily Asia
Bulldog Hotel Group to expand: Commer Group has taken a 20% stake in Bulldog Hotel Group. The independent hotel operator has planned to double its size of the business after gaining the investment.
Read more at Bdaily Business News