Marriott

Marriott Reopens All Hotels in China

Marriott Reopens All Hotels in China

Marriott International said that it has reopened all of its hotels in China and that it is seeing a recovery in business travel.
The world’s largest hotel company has 350 properties across China.
The company’s CEO, Arne Sorenson, said that occupancy rates at its Chinese hotels is now at 40%, having dipped as low as 7% in January when China was at its peak of coronavirus cases.
Marriott said demand for hotel rooms …

Great Moments in Travel History – June 2020

June, the month with the most daylight hours in the Northern Hemisphere, is the sixth month of the year, and is equivalent to December in the Southern Hemisphere. The start of meteorological summer, June 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 …

Marriott Profit Plunges 92% as Bookings, Revenue per Room Fall Precipitously

Marriott Profit Plunges 92% as Bookings, Revenue per Room Fall Precipitously

Marriott International announced financial results for first quarter of 2020.
The hotelier reported that bookings plunged as the result of coronavirus-led government lockdowns that closed 25% of its properties.
“As the pandemic moved around the world, we saw global RevPAR fall sharply,” said Arne Sorensen, the company’s CEO, who added that, in April, worldwide RevPAR declined approximately 90%.
“These are extremely challenging times, but I am confident that we will be able to …

Marriott Gets $920 Million Cash Infusion from American Express and JPMorgan Chase

Marriott Gets $920 Million Cash Infusion from American Express and JPMorgan Chase

Marriott International will get acash infusion of $920 million under the terms of amended co-branded credit card agreements with American Express and JPMorgan Chase & Co., the hotelier said.
The world’s largest hotel company will receive $570 million from JPMorgan Chase including a $500 million prepayment of certain future revenues and $70 million from the early payment of a signing bonus under the agreement.
In addition, Marriott will receive $350 million from …

Marriott to ‘Elevate’ Cleanliness Standards with Global Council

Marriott to ‘Elevate’ Cleanliness Standards with Global Council

Marriott International announced plans for the Marriott Global Cleanliness Council, a multi-faceted approach to the novel coronavirus pandemic crisis.
The move is intended to “elevate its cleanliness standards and hospitality norms and behaviors,” the hotelier said.
“We want our guests to understand what we are doing today and planning for in the near future in the areas of cleanliness, hygiene and social distancing so that when they walk through the doors of …

Marriott Says 25% of its Hotels Are Temporarily Shuttered

Marriott Says 25% of its Hotels Are Temporarily Shuttered

Marriott International said that approximately 25% of its 7,300 properties across the globe have been temporarily closed amidst the novel coronavirus outbreak.
The hotelier said it anticipates “further hotel closures and erosion in RevPAR performance and does not expect to see a material improvement” until the coronavirus pandemic abates. It also said that it took appropriate measures to minimize the damage to its business.
“Marriott moved quickly to take substantial proactive measures …

Marriott to Extend Bonvoy Elite Status into 2022

Marriott to Extend Bonvoy Elite Status into 2022

Marriott International saidit is extending the elite status that Bonvoy members earned in 2019 through March 28, 2022 and extending the expiration of Suite Night Awards from December 31, 2020 by one year.
“We know that when you get back in the air and on the road, your points and status will be important to you,” the hotelier said in a statement.
In addition, Marriott is pausing the expiration of points until …