Tag:

Hotel Industry

Marriott Plans To Lay Off Over 800 Corporate Employees Marriott Plans To Lay Off Over 800 Corporate Employees
Marriott Plans To Lay Off Over 800 Corporate Employees Global hotel chain Marriott International is planning to lay off hundreds of employees by the start of the new year. According to a Maryland Work Adjustment and Retraining Notification (WARN) filing, the company, based in Bethesda, listed 833 people slated to lose their jobs by Wednesday, Jan. 3. Despite the development, Chief Executive Officer Anthony Capuano said business is solid. "Our business momentum is excellent, and as a company that embraces change, we continue to evolve our business to support our global growth," Capuano said in a third-quarter earnings call late last month,…
COVID-19: New Report Projects How Long It Will Take NYC Tourism To Return To Pre-Pandemic Level COVID-19: New Report Projects How Long It Will Take NYC Tourism To Return To Pre-Pandemic Level
Covid-19: New Report Projects How Long It Will Take NYC Tourism To Return To Pre-Pandemic Level It could be years until tourism fully recovers from the effects of the COVID-19 pandemic, according to a new report. In a report from NYC & Company released on Monday, Nov. 16, due to a lack of international tourists expected back in the Big Apple for some time due to the pandemic, as well as domestic travel restrictions, the city may not return to its 2019 pre-pandemic level before 2025. According to NYC & Company, which commissioned the study, a return to normalcy and tourism largely hinges on when or if a vaccine is distributed, and how effective it is. NYC & Company’s repor…