Accommodation Association News
Marriott International, Inc. (NASDAQ: MAR) has completed its acquisition of Starwood Hotels & Resorts Worldwide, Inc., creating the world's largest and best hotel company.
STR's preliminary August 2016 data for Melbourne, Australia, indicates flat year-over-year performance.
Transaction represents continued intense competition for Australian trophy hotel assets.
The accommodation industry has significant concerns about an agreement which has been reached between the ACCC and two offshore-based companies who command around 80% of the OTA market in Australia
Operators of a restaurant who relied on informal market research to set their wage rates have been penalised almost $300,000 for deliberately short changing employees.