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Global Hoteliers Take Spending Spree to Africa

ADDIS ABABA, Ethiopia — The world's biggest names in hospitality are battling for a slice of one of the world's fastest-growing markets for hotels: Africa.
 Tourists are pouring into many of the continent's 54 nations in record numbers, fueling development in traditional tourist hubs and new investment in frontier markets. The continent boasts the world's fastest-growing population, some of its most swiftly expanding economies and a ballooning domestic-travel market driven by Africa's expanding middle class.

Jet Airways Cuts Operations

MUMBAI — India's Jet Airways has drastically reduced operations as it looks for an investor to purchase a controlling stake in the airline and help reduce its mounting debt.
 The airline, which was India's second largest by market share as recently as last year, has canceled all its international flights and is flying just seven planes as it awaits a cash injection from a consortium of lenders that has taken control of the airline.

Caesars to Name Outsider as CEO

Caesars Entertainment Corp. is preparing to name Anthony Rodio as its next chief executive and says it will evaluate takeover interest in the casino operator, people familiar with the matter said.
 Mr. Rodio, who currently serves as CEO of privately held Affinity Gaming, will succeed departing Caesars CEO Mark Frissora and take his seat on the board, Caesars is expected to announce Monday.

Boeing Woes Spread at Two Airlines

The grounding of Boeing Co.'s 737 MAX jetliners continues to ripple through the airline industry, with two airlines now extending flight cancellations into August as efforts to fix the planes are beset with delays.
 American Airlines Group Inc. said Sunday that it will cancel MAX flights through Aug. 19. Southwest Airlines Co., which has the biggest fleet of MAX jets, has pulled the plane from its schedules until Aug. 5. Together, the two airlines will be cutting an average of 275 flights a day.

Outsider must rebuild trust at Air France-KLM

Benjamin Smith, the new head of Air France-KLM, faces one overriding question: can he make peace with the same French unions who pushed out his predecessor and in 2015 stripped executives at the airline half naked, forcing them to flee over a fence?
 It is a tough challenge for a self described “aviation geek” who takes over a group riven by conflict that has struggled to deal with recalcitrant unions that have cost the airline €335m in strikes in the first half of this year. Everybody knows that “what's been done in the past has not helped anybody. Nobody has gained, except the

Indian Startup Attracts $1 Billion

NEW DELHI — SoftBank Group Corp. is doubling down on one of its biggest bets in India by leading a $1 billion investment in hotel-booking startup OYO Hotels.
 The company, based in Gurgaon, India, has received $800 million in a round led by Soft- Bank's Vision Fund, which SoftBank Chief Executive Masayoshi Son is using to back cutting-edge technologies, OYO said Tuesday. U.S. venture-capital firms Sequoia Capital and Lightspeed Venture Partners also contributed to the round, and existing investors have pledged a

New York Hotels Roar Back

The New York City hotel market is bouncing back, as a growing U.S. economy and a wellspring of visitors have helped overcome years of construction that flooded the city with new hotels and pressured room rates.
 Hotels in the city are enjoying their highest occupancy rates since 2000 for the first eight months of the year, according to data provider STR. The market also has experienced the fastest growth in revenue per room since 2013.

America's Deadliest Place to Bike

Trung Huynh used a marked crosswalk with flashing yellow lights when he rode his bike across busy, six-lane Park Boulevard in Pinellas Park, Fla., one morning in June.
 The 18-year-old didn't make it to the median.
 A white Chevy Malibu going an estimated 45 mph slammed into him and his bike, police said. Mr. Huynh died at the scene.
 The collision added to the already-high cyclist death toll in Pinellas County. Its per capita cyclist death rate for the past decade ranks No. 1 among the four counties in the Tampa Bay

Uber Wins Appeal In Drivers' Lawsuit

Uber Technologies Inc. scored a legal victory over drivers on Tuesday after a federal appeals court dismantled the class-action status of a lawsuit that sought to reclassify independent contractors as employees, with possible broader implications for the so-called gig economy.
 A panel of judges at the U.S. Ninth Circuit Court of Appeals ruled that some 240,000 ridehail drivers who had sought to be certified as a class to challenge their worker classification would have to pursue their claims individually in arbitration.

WeddingWire to Marry the Knot in Match Made by Private Equity

XO Group Inc., parent company of wedding-planning website the Knot, agreed to be taken private for about $933 million, a deal that would hitch it to nuptials- planning marketplace WeddingWire Inc.
 In the deal, private-equity firms Permira and Spectrum Equity, lead investors of Wedding- Wire, will pay XO Group shareholders $35 a share, a 27% premium to XO Group's closing price Monday of $27.64.