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Hilton Grand Vacations to buy Diamond Resorts International for about $1.4 billion

By Reuters Staff
2 Min Read
(Reuters) - U.S. timeshare operator Hilton Grand Vacations Inc said on Wednesday it would buy Diamond Resorts International Inc for about $1.4 billion, as the hospitality industry readies for a recovery from the COVID-19 pandemic blow.
Bookings have bounced back from April 2020 lows on a relative easing of lockdowns, while a wider rollout of COVID-19 vaccines is expected to support a rebound in leisure travel.
Timeshare operators such as HGV and Diamond Resorts, along with vacation rentals firms including Airbnb Inc and Vrbo, stand to benefit from an uptick in leisure travel.
Meanwhile, business travel-reliant hotel chains including Marriott and smaller rival Hilton Worldwide are seen as having a longer path to recovery. ....

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COVID-19 Update: Thailand plans to permit oversea tourists to quarantine in resorts

COVID-19 Update: Thailand plans to permit oversea tourists to quarantine in resorts
Times of IndiaTIMESOFINDIA.COM|TRAVEL NEWS, THAILAND
Created : Mar 10, 2021, 14:30 IST
Thailand is now planning to permit oversea travellers to quarantine in resorts to promote post COVID tourism in the country. The announcement was made by the Tourism Minister on Thursday, wherein that he will propose a plan for foreigners to undertake COVID-19 quarantine in prime tourist hotspots. This means that outside travellers can stay at beach resorts too.
Recently, the tourism sector in Thailand had to suffer a lot due to the Coronavirus pandemic. With their hotel quarantine plan, the country is hoping to revive their economy. The plan is expected to begin in April or May in tourist popular regions including Krabi, Phuket, Surat Thani, Chonburi and Chiang Mai, said Minister Phiphat Ratchakitprakarn. ....

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Hilton Grand Vacations to buy Diamond Resorts as leisure travel rebounds

U.S. timeshare operator Hilton Grand Vacations Inc said on Wednesday it would buy Diamond Resorts International Inc for about $1.4 billion, as the hospitality industry readies for a recovery from the COVID-19 pandemic blow. ....

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Western Australia upgrades Crown Resorts inquiry to Royal Commission

By Reuters Staff
3 Min Read
SYDNEY (Reuters) - Western Australia upgraded an inquiry into Crown Resorts Ltd to a high-powered Royal Commission on Friday, saying it needed to ensure there were sufficient legal protections to investigate the casino operator.
FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed
The move means the company, one-third owned by billionaire James Packer, will face Royal Commissions in two Australian states simultaneously, just as it seeks to rebuild its management following a separate inquiry that saw its CEO and a host of directors leave in the past month. ....

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