Articles tagged “marriott”

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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.

3 months 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.

3 months 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?

4 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?

4 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.

5 months ago

How Much Did Big Travel Companies Spend on TV Ads in 2019?

How Much Did Big Travel Companies Spend on TV Ads in 2019?

Dennis Schaal, Skift

Airlines, hotels, and booking sites have divergent reasons for leaning into or out of TV advertising. Attracting more direct bookers is always a goal, but sometimes competitive reasons, or the emergence of new platforms, skew the TV budgets.

5 months ago

The Most Important Story in Hotels in 2019

The Most Important Story in Hotels in 2019

Nancy Trejos, Skift

The tug-of-war between hotels and short-term rentals intensified in 2019, with both sides making strategic moves to display their strength. There were wins and losses for everyone, and the result so far has been a deeper blurring of the lines between the two sectors.

5 months ago

What Have Hotels Done on Cybersecurity Since the Marriott Hack?

What Have Hotels Done on Cybersecurity Since the Marriott Hack?

Nancy Trejos, Skift

Hotels are ripe for data breaches, with all the information guests provide them. The Marriott hack sounded a wake-up call when revealed last year. But hotels have been slow to come up with ways to protect their guests.

5 months ago

Hotel and Short-Term Rental Players Face Off Over Regulation

Hotel and Short-Term Rental Players Face Off Over Regulation

Spencer Lee, Skift

Nobody has found the best formula for regulation of the short-term rental industry. But hotel groups and rental platforms both realize that the outcomes of early battles will set precedents for future laws. This might explain why they are so willing to confront and call each other out publicly.

5 months ago

U.S. Hotel Expansion Threatened by Construction Worker Shortages

U.S. Hotel Expansion Threatened by Construction Worker Shortages

Nancy Trejos, Skift

U.S. hotel companies are facing a shortage of construction workers just as they are building new brands and properties. The result: delayed projects and higher costs. The industry will have to get more aggressive to recruit workers if it plans to keep the momentum going on its expansion plans.

5 months ago

What’s Ahead for the Next Gen of U.S. Hotel Franchisees?

What’s Ahead for the Next Gen of U.S. Hotel Franchisees?

Nancy Trejos, Skift

Big hotel chains like Marriott, Hilton, and others are moving increasingly to an asset-light strategy, signing on more franchisees. Many are still owned by individuals and families: How diverse and adaptable will the next generation of hotel owners be?

5 months ago

Marriott’s Foray Into Short-Term Rentals No Longer an Experiment — It’s a Business: Exec

Marriott’s Foray Into Short-Term Rentals No Longer an Experiment — It’s a Business: Exec

Rosie Spinks, Skift

Hospitality giants moving into the short-term rental space hasn't always gone smoothly. But Marriott's vice president of Homes & Villas said that the company isn't getting its feet wet anymore — it's found a business model that works and wants to grow it.

6 months ago