Marriott

As 2022 Approaches, Airlines and Hotels Extend Elite Status Once Again

While the number of people flying and driving great distances hit a pandemic high over the Thanksgiving holiday, the travel industry isn’t seeing sustainable increases as the world heads into the final six weeks of the year.
Airlines and hotel chains are making note and taking steps to keep their best customers happy with yet another year of bestowed elite status, mirroring at least in part what happened at the end …

Marriott Reports $220 Million Profit, Sees ‘Continued Meaningful Improvement’

Marriott Reports $220 Million Profit, Sees ‘Continued Meaningful Improvement’

Marriott announced financial results for third quarter of 2021.
The hotelier reported a profit of $220 million for the quarter, compared to $100 million in profit in the same period last year.  Revenue was $3.9 billion, a figure that was up 75% when compared to Q3 2020.
Revenue in 2020 was significantly impacted by the coronavirus-induced decline in travel.
The chain’s CEO, Anthony Caputo, said that the company witnessed “continued meaningful improvement in …

Marriott Swings to Profit, Sees Blending of Leisure Trips with Business

Marriott Swings to Profit, Sees Blending of Leisure Trips with Business

Marriott International announced financial results for second quarter of 2021.
The hotel operator reported revenue of $486 million in the quarter compared to a net loss of $234 million in the same period in 2020 amidst the coronavirus pandemic induced downturn in travel and to net income of $232 million in the same period in 2019.  The improvement was driven by leisure travel, while the company keeps “a close eye” on …

Matild Palace in Budapest Opens Its Doors to Guests

Matild Palace in Budapest Opens Its Doors to Guests

Marriott International announced the opening of the Matild Palace, a new property in Budapest that is part of the chain’s Luxury Collection group.
Located on the storied váci utca, or Váci Street, the Matild Palace building is listed as a UNESCO world heritage site.  It was built by Princess Marie Adelheid Amalie Clotildeof Saxe-Coburg and Gotha, or in German, Marie Adelheid Amalie Clotilde, Prinzessin von Sachsen-Coburg und Gotha, Herzogin zu Sachsen, …

Great Moments in Travel History – June 2021

June, the sixth month of the year, derives its name from the Latin name for the Junius, which in turn comes from the ancient Roman goddess Juno, wife of Saturn and protector and special counselor of the state.
The month of June includes the celebration of the summer solstice in the Northern hemisphere, the longest day of the year, where it is also the start of meterological summer. Midsummer is observed …

New Oceanfront St. Regis Resort Opens in Bermuda

New Oceanfront St. Regis Resort Opens in Bermuda

Marriott International announced the opening of the St. Regis Bermuda Resort on St. George’s Island.
The 120-key property is located on St. Catherine’s Beach, and has, 21 suites. Every guest room has a private balcony.
The property also offers two- and three-bedroom residences.
Dining options include Lina, an all-day restaurant featuring Bermuda coastal cuisine, as well as BLT Steak NY, a steakhouse with daily specials. In addition, the St. Regis Bar will offer …

Marriott Reports Q1 Revenue Down by 50%

Marriott Reports Q1 Revenue Down by 50%

Marriott International announced financial results for first quarter of 2021.
The hotel operator reported a net loss of $11 million in Q1, compared with a profit of $31 million in the same period in 2020, amidst the coronavirus pandemic-induced decline in travel.
Revenue fell to $2.32 billion to $4.68 billion in Q1 2020.
The company has seen a gradual recovery in the United States and Canada, as vaccines rolled out,  said Marriott CEO …