China’s Anbang Insurance Group Co has challenged Marriott International Inc’s (MAR.) merger with U.S. hotel operator Starwood with a $12.eight billion cash offer, burnishing its credentials as one in all China’s high company acquirers.
New motel development is uncommon in the 2000s as lodge chains have been constructing economy-priced, limited service franchised properties at freeway exits which compete for largely the same clientele, largely saturating the market by the Nineteen Nineties. Motels are still useful in less populated areas for driving vacationers, but the extra populated an area turns into, the more hotels transfer in to satisfy the demand for lodging. Many of the motels which remain in operation have joined national franchise chains, usually rebranding themselves as hotels, inns or lodges.
Surveys show that the intention is there among this market. According to a 2008 ballot of 1,000 enterprise travellers in the U.S. by Deloitte, ninety five p.c of … Read more