Monday, August 7, 2017

Marriott seeks larger share of Chinese travel market with Alibaba deal

Marriott International Inc. (NASDAQ: MAR) is teaming up with Alibaba Group Holding Ltd. (NYSE: BABA) in a venture that will make it easier for customers of the Chinese e-commerce behemoth to book rooms across the brands managed by the Bethesda-based hotelier. “With the growing number of Chinese consumers exploring new destinations, this venture will introduce our hotels worldwide to this new and growing traveling class,” Marriott President and CEO Arne Sorenson said in a press release announcing…


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