Marriott re-signs with Expedia

    Marriott International and Expedia Group have concluded months of negotiations over commission rates, with the operator reportedly increasing the control it has over when and where rooms are sold. Neither party revealed the commission level being paid, which was thought to have fallen from 12% to 10%, but highlighted plans for a new transient booking [...]

    Airbnb takes OYO stake

    Airbnb has acquired a stake in OYO for a rumoured USD150m, with the India-based company due to list some of its properties on the sharing platform. The deal came weeks after Airbnb acquired HotelTonight, in a move which many saw as a precursor to an IPO. Last year OYO completed a USD1bn funding round led [...]