China Requests More Time Reviewing Marriott, Starwood Merger

by Jessica Montevago

Chinese regulators requested more time to review Marriott International’s planned merger with Starwood Hotels & Resorts. 

Marriott said Monday it has agreed to extend the time period by up to 60 days. Approval from the Chinese Ministry of Commerce is the final step before the deal can close.

“Marriott and Starwood continue to believe that their planned merger transaction poses no anti-competitive issues in China,” the company said in a statement.

Regulatory authorities from  40 countries, including the United States and European Union, have approved the transaction.

  1
  0
Tip of the Day
Remember that we are in an amazing business and you help people fulfill their dreams. Sometimes we just need to look around again to remind ourselves that we are in the mansions of industries with really fun and exciting products to sell.
 
Scott Koepf, TMR Columnist 
Daily Top List

Top Three Travel Destinations For Fall

1. Havana, Cuba

2. Lisbon, Portugal

3. Madrid, Spain

Source: Elite Daily

TMR Recommendations
Top Stories
Travel Corp. CEO Sees ‘Huge Opportunity’ in Tour Segment
Travel Corp. CEO Sees ‘Huge Opportunity’ in Tour Segment

The hunger for both authentic and purpose-driven travel is creating a huge opportunity in the tour segment, but travel agent and consumer perceptions still lag, says Brett Tollman, CEO of The Travel Corporation.

Hoteliers On The Move, September 2017
Hoteliers On The Move, September 2017

To help you keep up with your favorite GMs and hotel executives as they move around and open new properties, Mary Gostelow offers up a monthly update of who's doing what.

Hurricane Maria Update: Resorts, Cruise Lines React
Hurricane Maria Update: Resorts, Cruise Lines React

Hurricane Maria made its way to the Dominican Republic Thursday, bringing with it winds near 115 mph and heavy rain.

Puerto Rico Left Without Power After Hurricane Maria Makes Landfall
Puerto Rico Left Without Power After Hurricane Maria Makes Landfall

Travel companies are being forced to react to yet another natural disaster as Maria barrels through Puerto Rico and now toward the Dominican Republic.

Central Mexico Rocked By 7.1-Magnitude Earthquake, Hundreds Killed
Central Mexico Rocked By 7.1-Magnitude Earthquake, Hundreds Killed

The death toll climbed to 226 as emergency workers continue to search for survivors.

InterContinental Hotels Group Reveals Name of New Midscale Brand
InterContinental Hotels Group Reveals Name of New Midscale Brand

IHG also shared renderings of the proposed properties.

News Briefs
Advertiser's Voice
Advertiser's Voice: Imagine Bliss