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LexTravel & leisure industry
Choice/Wyndham: checking in on budget hotels Premium content
...That is in line with Choice and Marriott International. Wyndham’s management is right to play hard to get. Any deal would probably attract antitrust scrutiny....
October 17, 2023
Corporate social responsibility
Amazon, Hilton and Starbucks to hire thousands of refugees across Europe
...The tech giant’s commitment is the largest among more than 40 companies including Hilton, Marriott, ISS and Starbucks, which together said they would hire more than 13,000 refugees....
June 19, 2023
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Electric vehicles
Tesla and Chinese rivals signal EV price war truce in ‘socialist values’ pledge
...In recent years, accusations of obeisance to Beijing have hit countless companies from HSBC and Nike to the hotel group Marriott and car company Daimler....
July 6, 2023
LexTravel & leisure industry
US hotel stocks: vacationers are checking in, investors are not Premium content
...Marriott International, the world’s biggest hotel company by room numbers, is the relative outperformer, falling just 4 per cent....
August 3, 2022
Russian business & finance
Hotel groups under renewed pressure to cut Russia contracts
...Snyder, a consultant to several Marriott franchisees....
April 25, 2022
Airbnb Inc
Airbnb benefits from high booking prices and predicts ‘strong’ summer
...Earlier on Tuesday, hotel group Marriott recorded a 70 per cent year-on-year jump in revenue in its second quarter....
August 2, 2022
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Cyber Security
Hotels in hackers’ sights as technology replaces personal touch
...That hack, which was only discovered after the deal, exposed the data of about half a billion customers, Marriott said, when it revealed the impact in 2018....
March 28, 2022
Due Diligence
Inside DD’s hunt for the Bed Bath & Beyond trader Premium content
...Marriott International CEO Tony Capuano, Johnson & Johnson executive Jennifer Taubert and Salesforce finance chief Amy Weaver will join the board in October....
August 23, 2022
Travel & leisure industry
Marriott warns of ‘fight for talent’ as hotels struggle to find staff
...Marriott, the world’s largest hotel company, has about 10,000 vacancies at its 600 managed hotels across the US....
September 5, 2021
The Top LineTom Braithwaite
The road warriors will defeat the beancounters
...Historically, 60 per cent of Marriott’s client base is formed of small and medium-sized companies; now that has risen to 75 per cent....
November 12, 2021
Food & Beverage
Asia’s new food frontier: the rise of edible tech
...A version of this article was first published by Nikkei Asia on July 23. ©2022 Nikkei Inc. All rights reserved....
July 27, 2022
Marriott International Inc
Marriott chief Arne Sorenson dies aged 62
...“Arne was an exceptional executive — but more than that — he was an exceptional human being,” said Bill Marriott Jr, Marriott’s executive chairman....
February 16, 2021
Marriott International Inc
Marriott chief to step back because of cancer treatment
...Both joined Marriott in the mid-1990s. The announcement comes at a difficult time for Marriott, the world’s largest hotel operator, as it battles to recover from the coronavirus pandemic....
February 2, 2021
Data protection
Hotel group Marriott faces London lawsuit over huge data breach
...The suit adds to Marriott’s legal troubles stemming from the breach....
August 19, 2020
LexExtended Stay America Inc
Blackstone/Extended Stay: third stay is astutely timed Premium content
...A 42 per cent collapse in net income to $96m in 2020 also looks less grim when compared to the net losses reported by bigger chains such as Marriott International and Hilton Worldwide....
March 15, 2021
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Inside BusinessSujeet Indap
Investors wary as Blackstone checks in to hotel chain again
...Between the start of 2020 and March 1, 2021, its shares were up 14 per cent while Marriott shares were flat....
May 17, 2021
US Capitol attack
Airbnb cancels Washington bookings ahead of Biden inauguration
...Representatives from Hilton and Marriott said the hotel chains had no plans to cancel reservations in Washington....
January 13, 2021
Airbnb Inc
Airbnb soars on debut in latest IPO bounce
...That first-day price values the lossmaking company at $86bn, or more than twice the market cap of the world’s largest hotel group, Marriott....
December 10, 2020
Due Diligence
Hedge funds vs Citigroup: finder’s keepers Premium content
...(New York Times) News round-up Top Deutsche banker wooed clients for Wirecard months before collapse (FT) Marriott chief Arne Sorenson dies aged 62 (FT) Ex-Goldman Sachs analyst and brother charged with...
February 17, 2021
Mergers & Acquisitions
Mirae wins approval to kill $5.8bn deal for Anbang hotels
...Judge Travis Laster said that Anbang had made extensive changes during the pandemic to the way it ran its hotels, which include New York’s JW Marriott Essex House and San Francisco’s Westin St Francis, moves...
December 1, 2020
Elaine Moore
Airbnb’s red-hot IPO will bring problems too
...Analysts at equity research house Redburn believe that it could soon beat Marriott and Expedia to become the second biggest accommodation business behind Booking.com....
December 10, 2020
Marriott International Inc
Marriott puts tens of thousands on unpaid leave
...Marriott had debt of $10.9bn and cash balances of $225m at the end of 2019....
March 17, 2020
Andrew Hill
Lay-offs are the worst of the bleak options facing recession-hit companies
...In a recent article for Harvard Business Review, Sandra Sucher and Shalene Gupta applaud US companies such as Tesla and Marriott for using furlough to soften the blow of this crisis....
July 27, 2020
Mergers & Acquisitions
Sycamore and L Brands call off Victoria’s Secret deal
...Anbang, the Chinese state-controlled insurer, recently filed a lawsuit to force South Korea’s Mirae to complete a $5.8bn deal for 15 US luxury hotels including the JW Marriott Essex House overlooking New...
May 4, 2020
Special ReportCyber Security
Data hacks and big fines drive cyber insurance growth
...Data breaches can be expensive — just ask Marriott. The hotel group said last November that hackers had been accessing its database since 2014, compromising up to 339m guest records....
November 20, 2019

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