Jonathan Lu’s first job after college wasn’t what he’d envisioned -- stuck at the reception desk at a Holiday Inn in Guangzhou, China. He had forgotten to fill out a page of his university entrance exam and instead of architecture school, he ended up in a hotel management program.
InterContinental Hotels Group Plc, the world’s largest provider of hotel accommodation, said 2013 profit rose 10 percent. The shares fell after the company said renovation costs will hurt this year’s earnings.
Starwood Hotels & Resorts Worldwide Inc. and Expedia Inc. among other hotel and Internet travel agencies won dismissal of an antitrust lawsuit after a judge found consumers hadn’t showed the companies conspired to fix room prices.
InterContinental Hotels Group Plc is taking 24 percent of a joint venture with Duet India Hotels Group to build 19 Holiday Inn Express hotels in India during the next five years, the Financial Times reported, citing Richard Solomons , IHG’s finance director.
The Federal Bureau of Investigation is probing envelopes containing suspicious white powder mailed to several motels in New Jersey near the MetLife Stadium where the Super Bowl will be held Sunday, the agency said.