financeSkift··1 min·For: Owner, Investor, GM, Revenue
Marriott Owners Demand Share of $1 Billion Loyalty Income
A group of 51 major Marriott hotel owners is demanding a larger share of the company's projected $1 billion in annual co-branded credit card revenue.
Key Takeaways
- 1Recognize the growing tension as 51 major owners representing 1,000 hotels demand a share of co-branded credit card revenue.
- 2Evaluate the impact of Marriott's projected 35% increase in credit card fees, which could reach $1 billion this year.
- 3Monitor the shift in hotel profitability from room stays to loyalty program economics and third-party financial partnerships.
Source: Skift
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