Business
22:30, 07-Aug-2017
Marriott looks to woo Chinese travelers with Alibaba deal
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Hospitality giant Marriott International said on Monday it would partner with China's Alibaba Group to tap into the growing number of Chinese consumers traveling abroad.
Marriott's shares were up 3.5 percent in premarket trading.
The world's biggest hotel chain said the joint venture with Alibaba would allow Chinese travelers to book rooms at Marriott hotels via Alibaba's travel service platform, Fliggy.
Guests would be able to pay for their bookings using the Chinese e-commerce company's online payment platform, Alipay, the companies said.
The deal would allow Marriott to leverage Alibaba's large consumer base in China.
The US firm owns the JW Marriott, Ritz-Carlton, Renaissance and Autograph Collection hotel brands, among others.
(Source: Reuters)