Marriott International Inc. turned a profit for the September quarter after posting a loss for the previous quarter, as travel demand improved from lows earlier in the pandemic. “While Covid-19 is still significantly impacting our business, our results for the third quarter showed continued improvement in demand trends around the world,” Chief Executive Arne Sorenson… Continue reading Marriott Returns to Profitability as Travel Demand Improved in Summer
Tag: travel industry
How Much Corporate Travel May Never Return?
Airline and hotel executives don’t ask themselves whether corporate travel will be permanently reduced due to Covid-19. They ask themselves by how much—and the forecasts look scary. While tourism is making a timid comeback, business travelers are still nowhere to be seen. In the last week of July, itineraries purchased by corporations were down 97%… Continue reading How Much Corporate Travel May Never Return?