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The hospitality industry has been suffering as tourism dried up during the pandemic, but as Covid vaccine distribution gains headway, Marriott CEO Tony Capuano expects its business to bounce back. “As the vaccine gets widely distributed, we see pretty strong and steady prospects for demand growth,” Capuano told CNBC’s Seema Mody in an interview Wednesday.
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A JetBlue Airways plane taxis next to American Airlines, Delta Air Lines and Alaska Airlines aircraft at Reagan National Airport (DCA) in Arlington, Virginia, on Monday, April 6, 2020. Andrew Harrer | Bloomberg | Getty Images The oil rally is taking jet-fuel along for the ride, posing another headache for airlines still struggling from depressed
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Following the news of his death after a nearly two year battle with pancreatic cancer, several current and former Marriott International employees shared how CEO Arne Sorenson lead with his heart. “I consider Arne’s legacy to Marriott and the hospitality industry as immeasurable. Perhaps one of Arne’s greatest legacies is his principled and gracious leadership, an ‘esprit
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Trivago CFO Axel Hefer Source: Trivago LONDON — The chief executive of European travel booking firm Trivago believes attitudes toward the world’s biggest technology companies have changed. Axel Hefer, who has been at the helm of Trivago for almost five years, told CNBC’s “Squawk Box Europe” Wednesday that there has been a “change in sentiment”
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United Airlines believes you may someday take a small electric aircraft to get to the airport.  The airline is joining other investors backing Archer, a start-up developing electric vertical takeoff and landing aircraft. If Archer can get its eVTOL certified by the Federal Aviation Administration, it expects to deliver the first aircraft in 2024. “It’s
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Airlines canceled most New York City-area flights scheduled for Monday ahead of a strong winter storm that’s expected to bring high winds and heavy snow to the region. Local officials also urged people to stay off roads. Flight schedules were already drastically lower than the norm because of the Covid-19 pandemic and a host of
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Umar Shariff Photography DUBAI, United Arab Emirates — The United Arab Emirates announced that Emirati nationality will now be officially attainable for foreigners, in a major first for the Gulf state. The move is a significant change in direction for a country whose economy relies heavily on expatriates, for whom residency is typically contingent on
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SINGAPORE — Indian low-cost carrier IndiGo’s international operations may be struggling, but the division could make a full recovery by the end of the year, the airline’s chief executive told CNBC this week. Ronojoy Dutta of IndiGo, which is operated by InterGlobe Aviation, said the split between domestic and international segments for the airline has
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