Marriott International

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Covid-19

Corporate ‘steadily improving’, says Marriott

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Marriott International CFO Leeny Oberg said that the group was selling twice as many business nights as it was in April and May in the US, but was still looking to a vaccine to push demand.

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    Insider

    The end of uncertainty

    This week saw CBRE say that it no longer saw any “material uncertainty” in real estate valuations, giving funds the chance to pile back in. Given the UK government’s mixed messages this week - go to work, don’t mix with more than five people at home - uncertainty was the message coming out of Number 10 and the message we are all getting as the number of Covid-19 cases rising across Europe.
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    Results

    Corporate ‘steadily improving’, says Marriott

    Marriott International CFO Leeny Oberg said that the group was selling twice as many business nights as it was in April and May in the US, but was still looking to a vaccine to push demand.
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    Development

    Global pipeline up 5%

    The global hotel construction pipeline stood at 14,779 projects/2,412,736 rooms, up by 5% by projects and 4% by rooms, according to Lodging Econometrics.
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    Development

    Middle East construction decelerates

    The hotel construction pipeline in the Middle East decelerated once again to 591 projects/169,538 rooms, according to Lodging Econometrics.
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    Data protection

    Marriott faces class action over hack

    Marriott International is facing a class-action lawsuit in London after the data hack revealed in 2018 which affected 339 million people.
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    Distribution

    Operators deny leisure shift to OTAs

    The global operators used the recent results season to deny that the shift to leisure demand had made them more reliant on the online travel agents for business.
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    Insight

    August: not so soporific summer

    August, the month of holidays, was anything but in the shadowland created for us all by the pandemic; part work, part play, lines of demarcation missing in action. But, as governments across Europe encouraged their citizens to take a break - but stay at home - the hotel sector wound itself up to look more like a September in its enthusiasm for deals and derring do.
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    Covid-19

    Vaccine, policy key to business travel

    The release of a vaccine remained key to the return of business travel, according to the GBTA.
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    Results

    Marriott sees China rebound

    Marriott International saw that it could see occupancy and revpar levels in China return to their 2019 levels by next year, despite restrictions on international travel.
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    Marriott

    The effectiveness of implementation

    “Guest safety and associate safety were the absolute priority and understanding what we needed to do to ensure their health and wellbeing” said Cameron Read, chief financial officer, Europe, Middle East & Africa reflecting on the initial response from Marriott International to the outbreak of COVID-19.