China regulator delays Marriott-Starwood merger
Sunday, 09 Aug, 2016
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Chinese authorities have asked for more time to consider over the impending formation of the world’s largest hospitality group.
The Marriott-Starwood Hotels merger has been held up as China’s regulator extended its review period of the proposed deal by 60 days.
The two companies did not give any reason for the extension requested by China’s Ministry of Commerce but maintain there are no anti-competitive issues flagged by the Chinese authorities.
The combined portfolios of Marriott and Starwood would also make it the largest in China with a 4% market share.
Antitrust authorities have already cleared the transaction in Europe and North America.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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