Actionable news
0
All posts from Actionable news
Actionable news in MAR: Marriott International,

Marriott, Alitrip tie-up to let Chinese travellers book online

(Adds comments from Marriott Asia-Pacific head, data on Chinese travellers)

* Marriott signs second Alibaba deal in as many months

* APAC head Craig Smith sees "land grab" for Chinese travellers

* Outbound Chinese travellers to hit 200 mln by decade-end -CLSA

By Clare Baldwin

HONG KONG, Nov 9 (Reuters) - U.S.-based hotel chain Marriott International Inc and Alibaba Group's online travel booking platform announced a tie-up on Monday, joining a flurry of rivals expanding their presence in China to cater to the country's growing upper-middle class.

Arnold Schneider's Holdings With High Return on Capital Gurufocus 5 days ago

China's economy is forecast to slow to roughly 6.5 percent growth in coming years, but companies such as Alibaba Group Holding Ltd and Tencent Holdings Ltd promise direct access to the country's middle class and what Marriott Asia Pacific head Craig Smith is calling a...


More