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News Breaks
November 19, 2009
07:25 EDTMAR
theflyonthewall.com: Marriott shuffles divisions, Ritz no longer a stand-alone, Washington Post says
As part of the Marriott International (MAR) reorganization, the luxury Ritz-Carlton hotel chain will cease to be a stand-alone division, the Washington Post reports. Company executives have said over the past few weeks that it was reorganizing into four units divided along geographic lines: the Americas, Europe, the Middle East and Asia, each with its own president and resources. Marriott's current divisions are U.S. and Canadian operations, global timeshare, international and Ritz-Carlton. Global timeshare will continue to be outside the four regional units. In a recent interview with Travel Weekly, Marriott President Arne Sorenson said the move was designed to decentralize the corporate structure and allow the regional presidents to "have the resources necessary to make decisions and so those decisions can be faster, more efficient, more local." "The number of jobs lost will not be very large," Sorenson told Travel Weekly. Reference Link :theflyonthewall.com



News For MAR From The Last 14 Days
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January 27, 2012
08:34 EDTMAR
theflyonthewall.com: Marriott price target raised to $40 from $34 at JP Morgan

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January 24, 2012
06:59 EDTMAR
theflyonthewall.com: Travel, tourism companies hiring again, NY Times reports
Hiring in the travel and tourism sector - including airlines, hotels, rental car, and entertainment companies - is slowly rebounding, according to The New York Times. Reference Link :theflyonthewall.com

January 23, 2012
05:53 EDTMAR
theflyonthewall.com: Lodging sector upgraded to Overweight at Wells Fargo

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