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US hotel operators bank on 'extended stay' brands to navigate tight financing

U.S. hotel executives say they are betting on brands that specialize in extended stays for travelers, viewing those projects as less risky given the struggle developers face in securing financing... | June 5, 2023

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US hotel operators bank on 'extended stay' brands to navigate tight financing | WSAU News/Talk 550 AM · 99.9 FM

By Doyinsola Oladipo and Bianca Flowers NEW YORK (Reuters) - U.S. hotel executives say they are betting on brands that specialize in extended stays fo...

New-york , United-states , Chicago , Illinois , Washington , Evens-charles , Anthony-capuano , Deepa-babington , Michael-bellisario , Doyinsola-oladipo , Marriott-international , International-hospitality-industry-investment-conference

US hotel operators bank on 'extended stay' brands to navigate tight financing

By Doyinsola Oladipo and Bianca Flowers NEW YORK (Reuters) - U.S. hotel executives say they are betting on brands that specialize in extended stays for ...

Washington , United-states , New-york , Chicago , Illinois , Evens-charles , Doyinsola-oladipo , Anthony-capuano , Deepa-babington , Michael-bellisario , Marriott-international-inc-on , Frontier-development

Texas Challenges Marriott and Hyatt Over Resort Fees

The State of Texas and Marriott International Inc on Tuesday entered a voluntary agreement to prominently display all "resort fees" and to increase price

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Texas settles with Marriott, sues Hyatt over "resort fees"

The State of Texas and
Marriott International Inc on Tuesday entered a
voluntary agreement to prominently display all resort fees and
to increase price transparency in its advertisements and... | May 16, 2023

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Marriott forecasts strong profit as travelers shrug off recession risks

Marriott forecasts strong profit as travelers shrug off recession risks
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Marriott posts quarterly profit on travel recovery - Netscape Money & Business

Marriott posts quarterly profit on travel recovery - Netscape Money & Business
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Marriott posts quarterly profit on travel recovery

Marriott posts quarterly profit on travel recovery
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ICO issued more than £40m in data breach fines in 2020

The ICO had stated their intention to fine the airline £183m following a cyberattack in 2018 which saw half a million customers' details harvested by hackers.
But that was reduced to £20m because of the impact of the COVID-19 pandemic, with an investigation finding that BA had breached the DPA because it was processing "a significant amount of personal data without adequate security measures in place".
A total of 17 penalties were issued last year according to official figures in the ICO's work to recover fines report.
The second largest fine, £18.4m, was handed out to Marriott International Inc on October 30, also for a breach of the DPA.

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Marriott picks veteran Capuano to steer it out of COVID-19 crisis

By Reuters Staff
2 Min Read
FILE PHOTO: A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York November 16, 2015. REUTERS/Andrew Kelly
(Reuters) - Marriott International Inc on Tuesday named Tony Capuano as its chief executive officer, tasking the 25-year veteran of the world’s largest hotel chain with charting a path out of the industry’s worst crisis.
Capuano succeeds Arne Sorenson, who died last week after a battle with pancreatic cancer and during whose tenure Marriott struck a $12.2 billion deal to buy Starwood Hotels & Resorts Worldwide Inc.
Capuano, who most recently headed the company’s U.S. and Canada lodging business, takes the reins at a time when the COVID-19 pandemic has decimated travel demand, pushing Marriott to its first full-year loss in more than a decade.

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