Marriott CEO Arne Sorenson On The Future Of The Hospitality Industry, Masks, And Furloughs

  • 📰 Forbes
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Quote of the day:

Travelers who resist wearing masks are risking the recovery of the hospitality industry.

The corporate furloughs carried out in April at Marriott headquarters will be extended until October, and may ultimately be coupled with outright position eliminations. Unfortunately, in light of the time it’s going to take for lodging demand and RevPAR to recover, “the furloughs and reduced work-week schedules which began in April for above-property associates in the United States will be extended through the beginning of October.” Furthermore, “given our expectation that prior levels of business will not return until beyond 2021, we expect to have a number of above-property position eliminations later this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

“Global community” lol.

Yes...artificial crisis don’t last long enough👍🏻

One world order

ExactezMoi

Oi

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines