Marriott International, Inc. reported on Friday (Nov. 6) as part of its Q3 earnings that revenue per available room (RevPAR) fell 65.9 percent globally, 65.4 percent...
Despite the economic damage inflicted by the pandemic, hoteliers expect sub-Saharan Africa to remain a hot market for big-time lodging development, the Wall Street Journal...
Marriott International’s Q2 2020 earnings — rough, as expected, reporting a net loss of $234 million after springtime bookings all but evaporated — contain nuggets...
Marriott International Inc. reported on Monday (Aug. 10) that comparable dollar revenue per available room (RevPAR) plunged 84.4 percent worldwide in Q2 on a constant-currency basis. “The lodging...
As Marriott surfaces out of pandemic lockdowns, the company has reopened all of its hotels in China and has experienced a corporate travel recovery, the...
Of all the verticals hit hard by the global pandemic, hotels have seen their business slowed to a near stop as shutdowns and social-distancing rules...
As social-distancing rules take a huge bite out of revenue, restaurants are scrounging to come up with plans to beef up their takeout businesses and...
Arne Sorenson, Marriott International Inc.’s CEO, said the deadly coronavirus pandemic will change the experience of staying in a hotel — at least temporarily —...
Worldwide furloughs are happening at Marriott International in response to the coronavirus pandemic and the resulting collapse of travel and tourism, according to reports on...