On 5th of December Marriott International, Inc. (NYSE:MAR) announced sweeping consumer hotel reservations enhancements to Marriott.com. The company also expects Marriott.com to shatter its revenue record by generating nearly $4 billion in gross hotel-level sales across Marriott's 2,800 property system this year. With the anticipated gross revenue growth of more than 38 percent in 2006, Marriott.com will have doubled in size in just two years.

Wyndham Hotel Group, the lodging unit of Wyndham Worldwide, today announced it has signed an agreement with Royal Orchid Hotels Ltd. of Bangalore, India, to develop 10 Ramada(R) hotels totaling at least 1,000 rooms in the Indian states of Karnataka, Tamil Nadu, Maharashtr, Andhra Pradesh and Rajasthan.

Galaxy Entertainment Group Limited announced that it has privately placed USD$240 million, 5-year, zero coupon, zero yield convertible notes.

2007 trend predictions for budget travellers are in, and it looks set to be a year of 'as you were' for worldwide destinations, with London remaining No.1. HostelBookers.com has announced today that 2007 searches for hostels are still topped by the UK capital, while Amsterdam, New York, Paris and Barcelona take the remaining places in the top five.