Marriott International, Hyatt plan Web venture for supplying hotels

Tuesday May 02 by Claudia bourneMSNBC News
In an unusual coupling of rivals, Marriott International Inc. and Hyatt Corp. are forming a separate Internet company to supply the hotel industry with everything from bath soap to electricity. THE VENTURE, to be announced as early as Tuesday, ratchets up competition in the suddenly hot hotel-supply industry, which now consists of thousands of smaller companies. Just last week, Dell Computer Corp. joined a group of investors backing Zoho Corp., another business-to-business hotel supplier on the Internet. The Marriott-Hyatt venture, as yet unnamed, will be formed later this year.

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