Reported 10 months ago
U.S. travel companies, including Marriott and Booking Holdings, are planning layoffs and budget cuts ahead of 2025 due to a downturn in leisure travel demand from lower-income travelers. Marriott expects to cut costs by up to $90 million and lay off over 800 employees, while Booking.com has already slowed its workforce growth. Other firms, like Vail Resorts and Norwegian Cruise Line, are also implementing cost-saving measures and relying on automation to adapt to the changing market conditions.
Source: YAHOO