🏨 MGM Resorts ended merger talks with Barry Diller’s People Inc. after its $18 billion takeover offer—$48.30 per share, a 10.6% premium—collapsed over financing. Launched June 1, the bid was withdrawn in September. An amended agreement disclosed Wednesday caps People’s stake at 29.9% and requires People and Diller to follow MGM’s board on change-of-control votes. MGM pledged no defensive or adverse actions; CEO Bill Hornbuckle said the company is refocusing on operations.

🏨 The AI Hospitality Alliance published its free AI Orchestration Framework for Hospitality “yesterday,” led by Ira Vouk with contributors from AWS, Cloudbeds, Apaleo, Canary and FLYR. Addressing the prospect of hotels running five AI agents from five vendors, it covers permissions, checks before AI changes hotel records, vendor questions and when orchestration isn’t needed. The author and Marianna Gelardi plan to attend WTM London “next week.”

🏨 AI-native travel funding rounds fell more than 50% from Q2 to Q3 this year, Skift’s Dan Marcec reported. Meanwhile, JLL counts 59 hotels worldwide with average daily rates above $3,000, compared with none in 2019. Wealthy travelers’ demand for luxury experiences is outpacing hotel supply, constrained by scarce sites, lengthy approvals and construction costs. Examples include newly opened Airelles Palladio in Venice and planned Singita Elela in Botswana and One&Only Barrigona in Costa Rica.

🇯🇵 Meta’s Muse AI agent has launched in Japan, its first market outside North America, on iOS, Android and web. Integrations include Trip.com, Agoda, Stripe and Shopify. Klook connects 426,000 bookable experiences across 4,600 destinations; with traveller approval, Muse places orders, redirects users to Klook for payment and saves bookings in chat. Following Muse’s September launch, Expedia Group announced an integration. Klook marketing SVP Jakii Chu highlighted the expansion on October 23.

🏨 Agoda announced a hotel-sharing partnership with RateHawk owner Emerging Travel Group on 15 October; Traveloka followed on 27 October. Both gain inventory across Europe, the US, Latin America and the Middle East, while ETG gains Asia-Pacific hotels. RateHawk serves over 110,000 travel professionals, offering 3.2 million options from 350-plus suppliers and 250,000 directly contracted hotels. Overlapping B2B and consumer inventory weakens exclusive-access advantages, though prices, availability and cancellation terms still vary.

🏨 Marriott confirmed global corporate job cuts Wednesday during budget planning, without disclosing how many roles are affected; hotel staff are unaffected. Employee reports cited HR, IT, consumer affairs and quality assurance, with some November departures. Maryland’s layoff-notice log through October 23 showed no new Marriott filing. The company listed 88 Bethesda or remote openings, many through its contingent Flex program, and reports third-quarter results November 2.