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Marriott: Q4 Corp. Travel Tops 2019, Group ‘Bright Spot’
Marriott International’s fourth-quarter business transient need arrived at virtually 90 p.c recovery, with regular every day fee and income for every out there place just about every escalating 3 per cent from 2019 amounts, president and CEO Anthony Capuano stated Tuesday all through a quarterly earnings call. Momentum is continuing in 2023, executives explained. In the meantime, the company’s negotiated company fee growth for 2023 is “in the substantial solitary digits after holding these fees steady the very last two decades,” Capuano mentioned. Leeny Oberg, Marriott CFO and govt VP of small business functions, attributed the company’s continuing momentum in the very first quarter to increasing cross-border vacation and potent team…
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Despite a cost of living crisis and other challenges, Australia’s economic future is bright
I won an award in 2022. No, it wasn’t a Walkley. It was an in-house award from The Drum presented at the Christmas party: Patron Saint of Doomsday – for always reminding us that a financial crisis is nigh. All jokes aside, we do live in a troubled world. Last year saw an escalation of the climate change crisis, a war in Ukraine, soaring inflation, further phases of a global pandemic, the Bank of England rescue Britain from a major financial crisis, and the death of Queen Elizabeth II – to name but a few moments. A turbulent year saw a number of major events occur, such as Queen Elizabeth II’s death. (Reuters: Tom…
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