Hotels Check Into Technology Arms Race
Big hotel chains have done a good job of fending off threats from the tech industry so far, but the fight is getting more expensive. The shares of InterContinental Hotels , IHG -2.99% owner of the Holiday Inn and Crowne Plaza brands, slipped Tuesday about 3% in London after new Chief Executive Keith Barr said the company wouldn’t return spare cash to shareholders this year. (Wall Street Journal)
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