Landmark deal: Chinese insurer buys Waldorf Astoria for $1.95 bn

Hilton Worldwide Holdings Inc said it would sell its flagship Waldorf Astoria New York hotel to a Chinese insurance company for $1.95 billion, one of the highest prices per room ever paid for a US......

Luxury hotels swap keys in India's economic slump

Global players with long-term ambitions are encouraged by the prospects for India's hospitality sector, where revenues are expected to more than double to $36 billion by 2018 from $17 billion in......

Starwood Hotels to expand its network in India

New York Stock Exchange-listed Starwood Hotels & Resorts Worldwide, Inc, on Wednesday said it expects to operate 50 hotels in India by the end of 2012 and the country is second only to China in its......

Wal-Mart to hire over 22,000 people in US

Retail giant Wal-Mart Stores will hire over 22,000 people this year, a move that will bring cheer to the country's strained labour market grappling with rising unemployment woes. The retailer,......