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Marriott, the world’s largest hospitality brand, has extended furloughs that began in April with the outbreak of Covid-19 through the summer, until Oct. 2.
“The Covid-19 pandemic is having a more severe and sustained financial impact on Marriott’s business than 9/11 and the 2008 financial crisis combined,” according to a company statement. “Today, Marriott informed its associates that the company will need to implement additional measures in light of the increasing likelihood that it will be some time before lodging demand and RevPAR [revenue per available room] levels recover.”
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