How Marriott plans to beat Airbnb in winning over Chinese travelers

Marriott (MAR), the world’s biggest hotel chain, has a new plan for fending off competition from home-sharing behemoth Airbnb. It involves a newly announced partnership with Chinese e-commerce giant Alibaba (BABA). …They like to have local, authentic experiences that really allow them to understand where they’re traveling,” said Marriott Global Chief Commercial Officer Stephanie Linnartz.