From the desks of the Hotel News Now editorial staff:
- Radisson plans Chinese growth with help from Jin Jiang
- Study shows some hotels leak guest booking details
- US to put $11b in tariffs on EU products
- What to look for in release of Fed meeting minutes
- Arne Sorenson named CEO of the year
Radisson plans Chinese growth with help from Jin Jiang: Radisson Hotel Group is looking to expand its footprint in China with help from its new owner, Jin Jiang International Holdings, HNN’s Robert McCune writes from Radisson’s Americas Business Conference.
Radisson has been owned by two different Chinese firms in the last couple of years, but CEO and COO John Kidd said at the conference that doesn’t make him an expert on Chinese hotel guests. The company will look to Jin Jiang for guidance and insight on attracting Chinese guests.
“We’re going straight to the source; we’re going to the Chinese market … really drilling into what Chinese customers want, at the different segment levels; what are they looking for and what are their expectations,” Kidd said. “And in that regard, we have tremendous support and help from our owner, Jin Jiang. They are experts in this field.”
Study shows some hotels leak guest booking details: Research released by Symantec Corp shows that “two out of three hotel websites inadvertently leak guests’ booking details and personal data to third-party sites, including advertisers and analytics companies,” Reuters reports.
Personal information that could be compromised includes full names, email addresses, credit card details and passport numbers. This information could be used by cybercriminals interested in finding out more about “influential business professionals and government employees.”
“While it’s no secret that advertisers are tracking users’ browsing habits, in this case, the information shared could allow these third-party services to log into a reservation, view personal details and even cancel the booking altogether,” Candid Wueest, the primary researcher on the study, told the news outlet.
Reuters reports “compromises usually occur when a hotel site sends confirmation emails with a link that has direct booking information. The reference code attached to the link could be shared with more than 30 different service providers, including social networks, search engines and advertising and analytics services.”
U.S. to put $11b in tariffs on EU products: The United States is planning to place $11 billion in tariffs on products from the European Union as “retaliation for European subsidies to Airbus, which the World Trade Organization ruled were illegal in May 2018,” The New York Times reports. This move led to the EU’s announcement to ready “a list of tariffs to counter American subsidies to Boeing.”
Trade relations between the U.S. and Europe have been tense since President Donald Trump decided to tax European steel and aluminum in 2018.
Trump has “repeatedly threatened to impose tariffs on European cars and car parts if the European Union does not agree to better trade terms for American products, and Europe has said it will retaliate on American goods if Mr. Trump follows through on that threat,” the news outlet reports.
What to look for in release of Fed meeting minutes: The Federal Reserve will release the minutes from its 19-20 March meeting this afternoon, which will give more color on why most officials said they didn’t expect to raise interest rates this year, The Wall Street Journal reports.
The news outlet reports people reading the minutes should look for discussions on the Feds’ short-term benchmark rate, risks of inflation, the consequences from the central bank shrinking its asset portfolio two years ago, and more.
Arne Sorenson named CEO of the year: Chief Executive magazine announced that Marriott International President and CEO Arne Sorenson has been named 2019 Chief Executive of the Year, according to a news release.
Sorenson was nominated by peer CEOs for the award.
“I have tremendous respect for Arne Sorenson, for his global leadership and for his outstanding track record amid a very challenging marketplace," Marillyn A. Hewson, chairman, president and CEO of Lockheed Martin Corporation and 2018 CEO of the Year, who also served on the selection committee, said in the release.
Compiled by Danielle Hess.