Hospitality sector

Microsoft Corp (NASDAQ: MSFT) is in late-stage talks to pick a stake in SoftBank Group Corp (OTC: SFTBY)-backed Indian hotel aggregator chain Oyo Rooms that values the startup at $9 billion, TechCrunch reported on Thursday, citing a person familiar with the matter. What Happened: The...

The rise in popularity of alternative accommodations has the major players in the hospitality industry taking notice. Consumers are becoming increasingly interested in bespoke accommodations that offer authentic, local experiences generally unavailable at the properties of the biggest hotel...