Skift Take
If you double your hotel empire over a decade, someone's eventually going to ask: "Hey, are we running this thing efficiently?" At Marriott, that someone is CEO Anthony Capuano.
Marriott International unveiled plans Monday for its biggest organizational overhaul in a decade, targeting up to $90 million in annual cost savings as the hotel giant repositions itself after doubling in size over the past decade.
The world's largest hotel company will implement cuts of between $80 and $90 million a year, starting in 2025.
The effort is part of what Anthony Capuano, president and CEO, called an "enterprise-wide process to enhance effectiveness and efficiency." The restructuring aims to help owners and franchisees "operate even more nimbly."
UPDATE: The company responded to a Skift query by saying there will be job reductions at the corporate level and that these will be largely in place by the end of the first quarter of 2025. "We are still working through this process, so we aren’t in a position to give specifics at this point," a spokesperson sa