Hot Topics

General Data Protection Regulation (GDPR)

In April 2016, the European Parliament adopted a new standard to improve data protection for individuals within the European Union (EU). Companies face strict fines for not complying with the standards set by the General Data Protection Regulation (GDPR), which provides greater predictability and efficiency for organizations that do business in the EU and offers residents increased data protection rights.

Airbnb a Threat?

It looks as if Airbnb Inc. – the online service that lets people rent their homes to travelers – may become one of the world's most valuable startups. The company is reportedly in advanced talks with private equity firms to raise funds that would give it overall market value of $10 billion - higher than major hotel brands such as Wyndham Worldwide (US$9.

Brexit Impact

Travel industry players are gathering their wits as news of the United Kingdom's vote to leave the European Union sinks in. The immediate impact on Britain has been painful: The pound sterling fell to its lowest level since 1985; investors fled the British stock market, seeking stability elsewhere; Prime Minister David Cameron, who opposed Brexit, resigned, saying Britain needed a leader that could better carry out the will of the people.

Marriott Starwood Merger

Marriott International, Inc. (NASDAQ: MAR) and Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will create the world's largest hotel company.

The Trump Effect

Since Donald Trump has become president of the United States, a lot of changes have been occurring to American and even worldwide travel. This is a collection of all notable news that has to do with certain policies and actions taken by the new president of the United States of America.