Marriott CEO: Technology Is the Biggest Risk in the Starwood Merger
The biggest risk or threat to the success of Marriott’s integration of Starwood is figuring out the technology platforms that would link all of its more than 6,100 hotels worldwide.
Boosted by its $13.3-billion acquisition of Starwood Hotels & Resorts in September 2016, Marriott International has demonstrated strong global performance in its first quarter results with Starwood on board.
The Bethesda, Maryland-based company, now the world’s largest hotel company, beat Wall Street’s expectations both in terms of revenue and in earnings, posting earnings per share of $1.01 and total revenues of $5.56 billion, a 47.7 percent increase from the same period last year when Starwood wasn’t yet part of the company.
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