Iberia has announced a new partnership agreement with Avis Budget Group, which has become the exclusive car rental partner of the airline’s loyalty program, Iberia Plus. The partnership launch campaign, ‘We Travel Together’, highlights the opportunity for Iberia Plus members to earn Avios for every rental.

The buyers include Ctrip.com International, Ltd., Keystone Lodging Holdings Limited, Plateno Group Limited and Luxuriant Holdings Limited. According to Reuters, Ctrip said it purchased a 37.6 percent stake in competitor eLong at a cost of roughly $400 million.

Starwood Capital Group, owner of Baccarat Hotels & Resorts and the new 1 Hotels boutique brand, announced on Wednesday that it has acquired 50 economy extended-stay hotels.

Just days after getting a new owner, Los Angeles-based luxury line Crystal Cruises announced plans to open a branch office in Miami on June 1.

Genting Hong Kong has completed the acquisition of Crystal Cruises from Nippon Yusen Kabushiki Kaisha for a total transaction of $550 million.