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Marriott Sees ‘Improving Trends’ In Greater China As Region’s Travel Begins Recovery

PYMNTS

Marriott CEO and President Arne Sorenson said on a Monday (May 11) earnings call that, overall, “negative trends appear to have bottomed in most regions around the world. He noted that occupancy levels in the region are currently a bit more than 30 percent, which is higher from the lows of below 10 percent in mid-February.

Trends 178
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US Liquor Sales Rise, But Not Enough To Offset COVID-Related Global Revenue Decline

PYMNTS

By region, Diageo’s Asia sales saw the biggest drop at 16 percent. The company attributed that to the fact that many countries in that region not only shuttered bars and restaurants, but also liquor stores. However, not all regions showed declines: North America bucked the trend and saw its sales rise 2 percent.

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Uber Freight Rolls Out Platform For Shippers To Access Its Network

PYMNTS

21) that it is rolling out a platform to enable shippers to tap into the company’s network and manage shipments from a personal computer. Uber Freight is expanding its services, announcing in a blog post on Tuesday (Aug.

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Who Pays A Higher Price For Online Sales Tax?

PYMNTS

South Carolina, though, is attempting to retroactively collect taxes from Amazon. A majority — 53 percent — thought that managing sales taxes for their businesses was either “somewhat” or “not at all” clear. . A recent survey of U.S. Clearly, the largest online marketplaces will be fine.

Taxes 102
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Grocery Stores Decimated In Preparation For Hurricane Matthew

PYMNTS

While most people think “milk, bread and eggs” when stocking up for a disaster, the run-up to Hurricane Matthew in South Florida has been marked by people stocking up on the three Bs: batteries, bottled water and booze. ” And store managers are rushing to keep up with crowds. “We just stack it out here. .

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Spotlight on lending: Commercial loan growth geographically

Abrigo

” The data pointed to states south of the Mason-Dixon Line as host to an increase in C&I loans in the third quarter. The list identified a significant uptick in commercial and industrial lending in the South, as 7 of the 15 community banks included are located in the region. From that subset of all U.S.

Lending 186
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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes. The OCC on Oct.