US Travel Giants Like Marriott and Booking.com Plan Layoffs Amid New Slowing Leisure Demand Ahead of…

The US travel industry, including major players like Marriott International, Booking Holdings, and Vail Resorts, is preparing for a challenging 2025 by implementing layoffs and budget reductions. Industry experts cite diminishing leisure travel demand, particularly from lower-income travelers, as the driving force behind these cost-cutting measures. The trend is impacting sectors ranging from budget hotels to travel booking platforms, prompting companies to streamline operations and explore efficiency strategies. Marriott International, a global hospitality leader, announced it would cut pre-tax and administrative costs by $80 million to $90 million in the first quarter of 2025. This move includes laying off more than 800 corporate-level employees. Similarly, online travel agency Booking Holdings reported cautious hiring and…