Hyatt and Expedia Formally Sign New Deal

Hyatt confirmed it formally signed a new contract with Expedia, definitively putting to rest any doubts about whether the two companies would renew their distribution agreement. A spokesperson for the Chicago-based hotel company issued the following statement Friday: "Our formal agreement with Expedia is complete. The team at Expedia worked quickly and productively with us, and we are pleased to continue our long-standing relationship without interruption to Hyatt hotel distribution on all Expedia platforms. As we continue to build the value proposition for our guests who book directly with Hyatt, we also work with third-party distributors to reach guests who might not be frequent travelers or who otherwise have a reason to book through these sites. The CEOs of Expedia Inc. and The Priceline G