Marriott: Shutdown Has Caused Double-Digit Declines

by Zoe

Marriott disclosed an interesting tidbit today at the World Economic Forum in Davos. Stephanie Linnartz, the company’s global chief commercial officer, says that at 32 days in, the hotel chain is seeing a direct negative impact from the shutdown.

“[The shutdown] is impacting our business, and Washington, D.C., is just one example. We have 150 hotels and they’re seeing a decline in business, double digits, as a result of this. Both sides need to get together and start talking.”

Political uncertainty, a slow in global growth and the stock market are all concerns, while a growing middle class and millennials are positive for the company going forward.

Check out all the comments from Linnartz here.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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Ed January 22, 2019 - 4:57 pm

For a hot second, I thought you were talking about Marriott and their IT department (not the govt).

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