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Articles tagged “marriott”

Hotel Deals and Lending Zapped by Coronavirus at the Finish Line

Hotel Deals and Lending Zapped by Coronavirus at the Finish Line

Cameron Sperance , Skift

Until lenders can wade through the $2 trillion U.S. stimulus package and determine valuations, hotel deals will remain on ice. Expect smaller banks to issue the first round of hotel loans on the upswing.

3 days ago

Here’s What Airbnb Is Confidentially Telling Potential Investors About a New Survey

Here’s What Airbnb Is Confidentially Telling Potential Investors About a New Survey

Dennis Schaal, Skift

Airbnb will likely have no trouble raising money, assuming the valuation and terms are palatable to investors, but it's dubious that they will chip in a few hundred million dollars each based on the supposedly inherent advantages of Airbnb's product.

5 days ago

Marriott CEO Wonders Whether Aggressive Cost Cutting Will Hurt Recovery

Marriott CEO Wonders Whether Aggressive Cost Cutting Will Hurt Recovery

Dennis Schaal, Skift

Will hotel direct-booking campaigns be in play after the coronavirus crisis? That's a side issue that online travel agencies and hotels would love to have to deal with at some point. In the interim, they are facing more existential questions.

6 days ago

Marriott CEO Sorenson Details Crisis Contingency Plans in Emotional Address

Marriott CEO Sorenson Details Crisis Contingency Plans in Emotional Address

Dennis Schaal, Skift

It's fairly certain that many Marriott International-affiliated properties will never reopen. CEO Arne Sorenson is showing leadership in being candid about the tough measures the hotel chain has to take to emerge with a business worth running when coronavirus hopefully fades.

1 week ago

Hotels Chains Maneuver to Deal With Coronavirus Gut Punch

Hotels Chains Maneuver to Deal With Coronavirus Gut Punch

Dennis Schaal, Skift

Major hotel chains are undertaking financial moves to get past the coronavirus crisis. But without governmental relief, it likely won't be enough.

2 weeks ago

IHG Is the Model for Hotel Chains on Cancellations as Crisis Mounts

IHG Is the Model for Hotel Chains on Cancellations as Crisis Mounts

Patrick Whyte, Skift

Of the big global hotel chains, IHG is so far leading the way in terms of a customer-centric cancellation policy. Its rivals should take note.

2 weeks ago

How Travel Companies Themselves Are Taking Coronavirus Precautions

How Travel Companies Themselves Are Taking Coronavirus Precautions

Patrick Whyte, Skift

Travel companies are having to adapt not just to a new world for their customers, but for their staff too. This might be a temporary change, but when things return to normal, will our working habits revert as well?

3 weeks ago

Oyo’s Post-Coronavirus Valuation Could Fall to Around $6 Billion

Oyo’s Post-Coronavirus Valuation Could Fall to Around $6 Billion

Seth Borko and Dennis Schaal, Skift

Numerous travel companies, private and public, have seen their valuations taken down a peg by coronavirus. But Oyo's China business, where it fields about 60 percent of its rooms, and its ongoing operational problems in other regions exacerbate its likely valuation decline.

4 weeks ago

Marriott Is Already Reopening China Hotels During Coronavirus Crisis

Marriott Is Already Reopening China Hotels During Coronavirus Crisis

Andrew Sheivachman, Skift

Marriott was already having trouble in Asia-Pacific in 2019 before the coronavirus impact hit. The company isn't forecasting a major impact outside of Asia, and it's already reopening hotels inside China. It pays to collect fees — and not actually own or run hotels — during a crisis like this.

1 month ago

5 Takeaways From the Year’s Largest Hotel Industry Conference

5 Takeaways From the Year’s Largest Hotel Industry Conference

Nancy Trejos, Skift

The hotel industry is expected to have a slowdown in profits this year, yet companies keep starting new brands and expanding existing ones. Where is this optimism coming from?

2 months ago

Opening Closed Doors: Can Hotels Do More to Fight Human Trafficking?

Opening Closed Doors: Can Hotels Do More to Fight Human Trafficking?

Rosie Spinks, Skift

Human trafficking touches every corner of the travel industry — especially hotels. And while the accommodations sector didn't create the problem, it does have an elevated responsibility to put an end to it. The question is: How effective have the industry's efforts been so far?

2 months ago

Will Marriott and British Airways Ever Pay Those Huge Proposed Data Breach Fines?

Will Marriott and British Airways Ever Pay Those Huge Proposed Data Breach Fines?

Patrick Whyte, Skift

Those headline fines were pretty jaw-dropping, but it seems more than likely that they will be massively reduced whenever they are finally rubber-stamped.

3 months ago