As it weathers a lull in travel because of COVID-19, Marriott International Inc. has taken in $920 million in cash via arrangements with co-branded credit card firms. The hotel firm will receive $570 million from JPMorgan Chase & Co. with the early payment of a...
August 01, 2023
Betting on a sharp rebound in international travel following the pandemic, Marriott International posted strong second quarter (Q2) earnings on Tuesday (Aug. 1), beating analysts’ expectations on both the top and bottom line. According to the U.S. hospitality giant, Q2 worldwide RevPAR (revenue per available room) — a key metric for the hotel industry — […]
May 05, 2020
As it weathers a lull in travel because of COVID-19, Marriott International Inc. has taken in $920 million in cash via arrangements with co-branded credit card firms. The hotel firm...
