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Marriott's New Acquisition, Expedia's Cuts and Europe's Blackout
Manage episode 479790438 series 3470145
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Marriott International plans to acquire CitizenM to expand its select-service and lifestyle hotel portfolio, expecting the deal to boost its 2025 net room growth and generate $30 million in annual fees. Expedia Group is laying off about 3% of its workforce, mainly in the product, technology, and finance teams, as part of a broader restructuring effort that began with its marketing team in March. Meanwhile, a rare atmospheric event triggered a major power outage across Spain and Portugal, severely disrupting travel and prompting emergency measures.
- Marriott to Buy CitizenM for $355 Million
- Expedia Restructures Product and Tech Teams, Will Lay Off 3% of Workforce
Blackouts Across Spain and Portugal Hit Travel
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