Online Travel

Interview: Priceline CEO on Why He Didn't Spend $4 Billion to Acquire HomeAway

Priceline Group CEO Darren Huston touts his company's organic growth versus Expedia Inc.'s strategy of mostly acquiring companies that need to be put back on track. Rest assured, however, that Priceline would plunk down a few billion dollars on the right acquisition target. It just wasn't HomeAway, and TripAdvisor and Airbnb are too expensive.
Hotels

4 Charts Showing Increases in U.S. Hotel Workers' Salaries and Wages

The end of the recession, while certainly a cause for celebration, has led hoteliers to become more cautious in their hiring and payroll processes as the embers of minimum wage fights grow brighter across the country and the impact of lower unemployment levels settles in.