Friday, February 28, 2020

Marriott closes nearly a quarter of China hotels amid coronavirus concerns

Bethesda-based Marriott International Inc. (NASDAQ: MAR) has closed dozens of China hotels amid growing concerns over the global spread of the COVID-19 coronavirus. And while it’s reopened some in recent days, roughly 90 of its 375 China hotels remain closed now. The hospitality giant began to see the coronavirus affect its business in mid-January, as declines in hotel occupancy rates had spread from Wuhan, China, where the virus originated, to other markets in the Asia Pacific region, Marriott…



from https://www.bizjournals.com/baltimore/news/2020/02/28/marriott-closes-nearly-a-quarter-of-china-hotels.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/611226374528696320

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