Innkeepers USA Trust, a real-estate investment trust that owns more than 70 midmarket hotels, filed for bankruptcy protection Monday in New York in a deal with major creditors.
Eager to snap up a company that makes some much-used travel-search technology - and keep it out of Google Inc.'s handsseveral potential buyers are circling ITA Software Inc., according to people familiar with the matter.
For wired travelers everywhere, this social-media mammoth, which has seen its number of unique visitors grow nearly 600% in the past year—is increasingly becoming the go-to site for everything from getting hotel recommendations to sniffing out midtrip dinner companions.
The Elysian hotel in Chicago, which opened in December, has adopted a no-tipping policy, a move that breaks with standard practices across the high-end- and luxury-hotel market, says the head of a trade association.
A growing number of online travel sites are offering members exclusive and time-limited access to deep discounts-adapting the business model of many online sellers of designer fashions.
If LinkedIn Corp. wants to avoid being swamped by social-networking giant Facebook Inc., it will have to convince users like Jackie Nejaime to log in more often they do now.
Blackstone Group LP is aiming to control the restructuring of hotel owner Highland Hospitality Corp. after purchasing a key slice of Highland's debt from Wachovia Corp., according to people familiar with the matter.