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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Marriott International, Inc.    MAR

MARRIOTT INTERNATIONAL, INC.

(MAR)
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Airbnb to cancel Washington DC bookings as police warn of militia threat

01/13/2021 | 01:33pm EST
FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo

(Reuters) - Home-sharing giant Airbnb is cancelling hotel reservations in the Washington DC Metro area for the week of President-elect Joe Biden's inauguration after law enforcement warned of the threat from armed militia, it said on Wednesday.

The decision was made voluntarily after consulting local and federal officials, a company spokesperson said.

"We are aware of reports emerging yesterday afternoon regarding armed militias and known hate groups that are attempting to travel and disrupt the Inauguration," Airbnb said.

Airbnnb, which raised nearly $3.5 billion in December in a blockbuster listing, has already banned from its platform some individuals who were found to have ties with hate groups or were involved in last week's deadly storming of the U.S. Capitol.

The company will issue a full refund to guests and hosts will be paid in full for the canceled bookings. Its spokesperson declined to comment on the financial impact of its decision to cancel bookings.

The home-sharing company and HotelTonight, which it bought in 2019, are both blocking and cancelling reservations. Airbnb shares were trading up nearly 7% at 12.34 p.m. ET.

SECURITY THREAT

Security around the DC Metro area has been ramped up, with the National Guard securing the capital. A number of local, state and federal officials have asked people not to travel to Washington DC during the Inauguration week.

Some of the 10,000 National Guard troops streaming into Washington DC to help secure the area ahead of the inauguration will be armed, officials have told Reuters.

Facebook Inc said it has seen an increase in signals indicating potential future acts of violence associated with efforts to contest the result of the presidential election since the Capitol siege last week.

In the coming weeks, anti-Trump activists are planning to protest hotels where Trump supporters stayed during post-election protests.

"We call on every hotel in DC to close completely between Jan. 15 and 21. In the leadup to Jan. 6, we asked hotels to disavow white supremacists and refuse them service," Black Lives Matter DC and ShutDownDC said in a statement.

"The vast majority refused - and failed to prevent white supremacists from staying in our city."

Major hotel chains Hilton Worldwide Holdings Incand Marriott International said it planned to uphold existing reservations.

"Our hotels in the D.C. area will remain open leading up to and through the inauguration. We of course have the safety of our guests and associates top of mind given the recent events. We are monitoring the situation very closely and have operational and security plans in place," Marriott said.

Hyatt did not immediately respond to a request for comment.

(Reporting by Chris Sanders in Washington, Anirban Sen and Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)

By Anirban Sen and Ankit Ajmera


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AIRBNB, INC. 0.81% 181.87 Delayed Quote.23.89%
FACEBOOK INC 0.60% 274.5 Delayed Quote.0.49%
HILTON WORLDWIDE HOLDINGS INC. -0.35% 33.85 Delayed Quote.7.97%
HILTON WORLDWIDE HOLDINGS INC. -3.55% 104.96 Delayed Quote.-5.66%
MARRIOTT INTERNATIONAL, INC. -2.94% 122.9 Delayed Quote.-6.84%
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Financials (USD)
Sales 2020 10 767 M - -
Net income 2020 -76,1 M - -
Net Debt 2020 9 465 M - -
P/E ratio 2020 -585x
Yield 2020 0,39%
Capitalization 39 860 M 39 860 M -
EV / Sales 2020 4,58x
EV / Sales 2021 3,37x
Nbr of Employees 174 000
Free-Float 83,4%
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Technical analysis trends MARRIOTT INTERNATIONAL, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 123,43 $
Last Close Price 122,90 $
Spread / Highest target 23,7%
Spread / Average Target 0,43%
Spread / Lowest Target -24,3%
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Managers and Directors
NameTitle
Arne M. Sorenson President, Chief Executive Officer & Director
John Willard Marriott Executive Chairman
Raymond Bennett Chief Global Officer-Global Operations
Kathleen Kelly Oberg Chief Financial Officer & Executive Vice President
Stephanie C. Linnartz Group President-Consumer Operations & Technology
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