News Snapshot:
CEOs cutting salaries is mostly a 'publicity stunt' Marriott said demand for hotel rooms in the US is also recovering but is currently only about half the level of its China properties at 20%. The hotel group, which owns about 30 brands including Ritz-Carlton, St Regis and Sheraton, has extended furloughs for employees and reduced working weeks until early October. "Given the company's expectation that prior levels of business will not return until beyond 2021, the company anticipates a signific...
