Was Booking Holdings getting too fat? With operating costs outpacing revenue growth, something had to give. We might not know the exact chess moves for awhile.
Booking's revenue has blown past pandemic levels, and it added back nearly 4,000 employees. Expedia trimmed its workforce anew in 2024 following completion of a tech migration.
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.
The latest offer includes a 38% general pay raise over four years. The union urged its members to vote in favor of the proposal to avoid a “regressive or lesser offer in the future.”
Boeing management need to balance a speedy resolution with a sustainable long-term settlement. Given 64% of union members rejected this latest proposal, the gulf between the two parties remains significant.
New York City has tightened the rules for hotel operations. After having supported a campaign to rein in short-term rentals, the city's hotel sector has now gotten a taste of greater regulation of itself.
It’s an unwelcome return to the gate for everyone onboard these high-stakes union talks. With Boeing taking its ‘best and final’ offer off the negotiating table, the prospect of an extended dispute affecting plane deliveries is increasing by the day.
What a difference a few days makes. After delight on Sunday that a tentative deal was reached with union officials, Thursday's overwhelming rejection by members sees Boeing flying into yet another storm.