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.

Sabre will purchase the remaining portion of Abacus for net cash consideration of $411 million. Abacus International president Robert Bailey added, “With our extended network in Asia-Pacific, Abacus has built a trusted brand of unique significance and scale."

The board of directors of the Hawaii Tourism Authority (HTA), the state's tourism agency, announced today that George Szigeti has been selected as its next president and CEO.