Business Marriott CEO Arne Sorenson On The Future Of The Hospitality Industry, Masks, And Furloughs So you think you’ve had a rollercoaster year? Consider the tumultuous times of hospitality leader Arne Sorenson, the president and CEO of Marriott International. On the heels of the purchase and integration of Starwood Hotels and Resorts into the Marriott organization and a period of unprecedented growth for the combined company, Sorenson was diagnosed with […] Written by imesocial July 14, 2020July 14, 2020
Business CoronaVirus Marketing Technology Hospitality Startup Sonder Raises $170 Million At A $1.3 Billion Valuation During Covid-19 Travel Collapse Sonder appears to have broken out of the hospitality slump. As Covid-19 has pushed traditional hotel occupancy rates below 20%, shrunk airline demand by 95%, and all-but obliterated business travel—the short-term apartment rental company has closed a $170 million Series E round. Fidelity, Westcap, and Inovia Capital led the deal that values Sonder at a […] Written by imesocial June 24, 2020June 24, 2020