Marriott International and Hilton Worldwide Holdings are suspending the development of new hotels in Russia, joining their voices with other companies reacting to the Russian invasion of Ukraine. Their announcements come after the decisions of McDonalds, Starbucks and other emblematic brands that stop operating in the country. Neither Marriott nor Hilton have suspended their operations […]
Tag: Marriott
Marriott International’s quarterly earnings and revenue higher than estimated
Marriott International’s share of pre-conference trading rose 3.4% as the hotel management company announced adjusted earnings and quarterly revenue more than doubled and exceeded estimates. Revenue per available room continued to improve as restrictions eased. The company posted a net profit of $ 468 million, or $ 1.42 per share, compared with a loss of […]
W Hotels Worldwide is coming to Greece – Collaboration with Marriott International and TEMES
The entry of W Hotels Worldwide in Greece, with the operation of the first W in Costa Navarino was announced by Marriott International Inc and TEMES SA. The new W Costa Navarino hotel, as highlighted in a relevant announcement, is expected to open in the summer of 2022 and will be the newest addition to […]
W Hotels Worldwide is coming to Greece – Marriott International Cooperation with TEMES
The entry of W Hotels Worldwide in Greece, with the operation of the first W in Costa Navarino was announced by Marriott International Inc and TEMES SA. The new W Costa Navarino hotel, as highlighted in a relevant announcement, is expected to open in the summer of 2022 and will be the newest addition to […]
Marriott: Returned to earnings in the third quarter
Marriott Vacations Worldwide announced that it returned to third-quarter earnings, which exceeded estimates, while revenue increased in line with estimates, as contract sales almost tripled to 3% of pre-pandemic level. The share of the holiday package company remains inactive in the pre-conference transactions. Net income was $ 10 million, or 23 cents a share, compared […]