Elite Status Members of Starwood Hotels Whine that Marriott Merger Will Result In Less Pampering
LatestInstead of whining about a hotel merger, how about spending some time with your family or volunteer building a house?
On Monday, Marriott International announced it would acquire Starwood Hotels & Resorts Worldwide, a merger that would create the largest hotel chain in the world. The new Marriott-Starwood hospitality monster would own 30 brands (including the Ritz-Carlton, St. Regis, W, Sheraton, and Westin) with 5,500 hotels in over 100 countries.
According to Bjorn Hanson of NYU’s Tisch Center for Hospitality and Tourism, it is the “biggest transaction of our lifetime,” as far as hotels are concerned. If approved by shareholders of each company, the deal should close in the middle of next year.
So I get that these massive conglomerations threaten customer choice and the free market, as well as mess up the massive amount of loyalty points a number of Starwood customers have accumulated, but dudes are being crazy about this.
“It ruined my breakfast,” said Edward Pizzarello, a partner in a venture capital firm, in an interview with the Associated Press. “I realized all the effort put into lifetime status with Starwood has been wasted.”