Marriott International Inc. trimmed its forecast on a key revenue metric in the hotel industry due to weaker demand in North America, its biggest market. About 8,000 Marriott union workers in eight cities voted to strike in early October, resulting in the largest multihotel strike in the U.S., according to Unite Here, the union that represents more than 20,000 Marriott hotel workers across North America. Over the weekend, striking hotel workers at two Marriott properties in Oakland and Detroit reached a settlement with Marriott and ratified contract agreements, union representatives said. But strikes continue for a fifth week for more than 7,000 Marriott workers at 21 Marriott properties including those in California cities, such as San Jose, San Francisco and San Diego, and Boston. At least a 3% increase in wages generally tends to satisfy union workers, the union’s president, D. Taylor, said Monday.

Source: thestar November 06, 2018 20:26 UTC