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Marriott signs deal with Alitrip

Published: 09:44 09 Nov 2015 EST

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The number of outbound Chinese tourists is expected to double to 200mln by the end of this decade.

Marriott International (NASDAQ:MAR), a U.S.-based hotel chain, struck a joint venture with Alitrip, the online travel booking platform owned by Alibaba.

The deal is a commission-based tie-up with Alitrip that allows customers to book rooms with their mobile phones.

The deal follows a September deal with an Alibaba affiliate allowing Marriott customers to settle their bills with Alipay, a Paypal-like payments service.

The number of outbound Chinese tourists is expected to double to 200mln by the end of this decade, Reuters reported, citing a study by Hong Kong-based brokerage CLSA.

Shares of the Bethesda, Maryland-based company slid 0.9% to $75.96 at 9:42 a.m. in New York.

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