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Hilton’s largest shareholder, China-based HNA Group, is selling its 26% stake in the hotel chain as it succumbs to the pressure of the Chinese government to pay its huge debt. Hilton made headlines last month when it announced that it is cutting its group bookings commission for travel partners. Now, the hotel chain is facing […]
HNA Group to sell 26% stake in Hilton to pay off massive debt Read More »
Agents’ worst fears are being realised. Another hotel chain giant, Hilton Worldwide, has followed Marriott International’s lead and slashed standard hotel group booking commissions from 10% to 7%. The new rate will come into full effect on 1 October in U.S. and Canada, but business booked by planners and agents before said date will still receive the
Travel partners defiant as Hilton follows Marriott in reducing group booking commissions Read More »