Travel/Tourism
Marriott Int’l Finally Acquires Starwood Hotels & Resorts

By Dipo Olowookere
The acquisition of Starwood Hotels & Resorts Worldwide has finally been completed by Marriott International, creating the world’s largest and best hotel company.
With the deal concluded, Marriott now offers the most comprehensive portfolio of brands including leading lifestyle brands, a significant global footprint, and leadership in the luxury and select-service tiers as well as the convention and resort segment.
It was gathered that from now on, Marriott will match member status across Marriott Rewards – which includes The Ritz-Carlton Rewards – and Starwood Preferred Guest (SPG), enabling members to transfer points between the programs for travel and exclusive experiences when they link their accounts later today.
“Throughout our nearly 90-year history we have never stopped searching for fresh ways to serve our guests. With the addition of Starwood’s strong brands, great properties, and talented people, we have dramatically expanded our ability to provide the best experiences to our customers.
“We also welcome the tremendous responsibility as the world’s largest hotel company to be a good global steward, providing new opportunities for our associates and building the economic strength of the communities we call home,” said J.W. Marriott, Jr., Executive Chairman and Chairman of the Board of Marriott International.
According to Arne Sorenson, President and Chief Executive Officer of Marriott International, “We believe that Marriott now has the world’s best portfolio of hotel brands, the most comprehensive global footprint, and the most extensive loyalty programs, providing an unparalleled guest experience. Combining Starwood’s brands with ours better enables Marriott to reach our goal of having the right brand in the right place to serve our loyal guests and welcome new ones.”
“We can now provide a better range of choices for our guests, more opportunities for our associates, and greater financial benefits for our owners, franchisees, and shareholders.”
The new company will operate or franchise more than 5,700 properties and 1.1 million rooms, representing 30 leading brands from the moderate-tier to luxury in over 110 countries. With the completion of this acquisition, Marriott’s distribution has more than doubled in Asia and the Middle East.
Best-in-Class Loyalty Programs
Marriott Rewards – which includes the Ritz-Carlton Rewards – and SPG are the most recognized and awarded loyalty programs in hospitality. Together, these programs will offer members more benefits when they link their accounts, as well as new destinations such as Aruba, Tuscany’s Serchio Valley and Kruger National Park in South Africa for SPG members and the Maldives, Bora Bora and Santorini, Greece for Marriott Rewards and The Ritz-Carlton Rewards members.
“Marriott will draw upon the very best each program offers and we can’t wait to show the loyal members of these programs the power and benefits of Marriott and Starwood coming together,” said Stephanie Linnartz, Executive Vice President and Global Chief Commercial Officer.
Marriott will launch a microsite later today, http://ift.tt/2cxSHgH, for all members of the combined company’s loyalty programs to learn more about the reciprocal benefits now available and to link accounts.
New Board Members and Shares Listing
Effective today, Marriott’s Board of Directors has increased from 11 to 14 members, with the addition of Bruce Duncan, former Chairman of the Board of Starwood Hotels & Resorts Worldwide, Inc. and President, CEO and Director of First Industrial Real Estate Trust, Inc.; Eric Hippeau, Partner, Lerer Hippeau Ventures; and Aylwin Lewis, Chairman and CEO of Potbelly Corporation. Messrs. Hippeau and Lewis are also former Starwood board members. Full biographies on each of the three new board members are available at http://ift.tt/1ASnASA.
Before market opens, Starwood’s shares will cease trading on the New York Stock Exchange. As previously announced, Starwood shareholders will receive $21.00 in cash and 0.80 shares of Marriott International, Inc. Class A common stock for each share of Starwood Hotels & Resorts Worldwide, Inc. common stock.
Transaction Benefits
Marriott’s acquisition of Starwood enables the combined company to expand the scope of its distribution and portfolio while deploying its larger scale to realize cost efficiencies in its corporate and property operations.
As previously stated, Marriott is confident the company can achieve $250 million in annual cost synergies. Other synergies should come in the form of leveraging operations and sharing best practices. Combined sales expertise and improved account coverage are expected to provide both enhanced efficiencies and increased revenue opportunities.
“These enhanced efficiencies and revenue opportunities should drive improved property-level profitability as well as greater owner and franchisee preference for the combined company’s brands, which will encourage new hotel development,” Sorenson said. “As new travel destinations emerge, Marriott can be counted on to be there.”
One-time transaction costs for the merger are expected to total approximately $140 million. Marriott intends to take the steps necessary to cause Starwood’s outstanding public debt to be pari passu with the outstanding public debt of Marriott International by the end of 2016.
Marriott remains committed to maintaining an investment grade credit rating and to continue managing the balance sheet prudently after the merger.
Arne Sorenson remains President and Chief Executive Officer of Marriott International, and Marriott’s headquarters continues to be located in Bethesda, Maryland.
Advisors:
Lazard and Citigroup were financial advisors to Starwood Hotels & Resorts Worldwide and Deutsche Bank Securities and Goldman Sachs were the financial advisors to Marriott International. Cravath, Swaine & Moore served as legal counsel to Starwood Hotels & Resorts Worldwide and Gibson, Dunn & Crutcher served as legal counsel to Marriott International on the transaction.
Travel/Tourism
FG Begs Airline Operators Not to Suspend Operations April 20
By Adedapo Adesanya
The federal government has appealed to domestic airlines under the Airline Operators of Nigeria (AON) to refrain from increasing air ticket prices or embarking on the planned suspension of operations.
Recall that yesterday, the airlines said they would halt operations from April 20 following a sharp rise in the cost of aviation fuel, known as Jet A1, by 300 per cent.
In a letter dated Thursday, April 16, 2026, addressed to the President of AON, the Minister of Aviation and Aerospace Development, Mr Festus Keyamo, urged the operators to exercise restraint despite mounting operational pressures.
The appeal came amid threats by airline operators, in an earlier correspondence to the federal government, to halt flight operations from next Monday over what they described as an unsustainable increase in aviation fuel prices.
Mr Keyamo, who acknowledged the severity of the situation, especially with the price of Jet A1 surging dramatically within a short period, however, called for calm.
“I write in reference to your correspondence dated April 14, 2026, concerning the operational challenges currently confronting your member airlines, especially the sudden hike in Jet A1 fuel from N900 per litre as at February 28, 2026, to N3,300 per litre as at today, representing a three hundred per cent (300%) increase,” he said.
The minister commended airline operators for maintaining services despite the challenges, describing their efforts as critical to the nation’s economy.
He reiterated the strategic importance of the aviation sector to the administration of President Bola Tinubu, stressing its role in national development, and made a direct appeal to operators to avoid passing the burden to passengers.
“First, I urge your members to exercise restraint with respect to any proposed increase in airfares at this time. While the prevailing cost pressures on your operations are fully acknowledged, any immediate upward adjustment in ticket prices would impose significant hardship on the travelling public,” he said.
He also warned against suspending operations, noting the broader implications for the economy and public confidence.
“Secondly, I appeal for the reconsideration of any planned suspension of flight operations. Such action would have far-reaching adverse implications for the national economy, disrupt critical mobility and logistics networks, erode public confidence, and undermine the progress recorded under the ongoing reforms within the aviation sector,” he added.
Mr Keyamo assured operators that the federal government was actively working to address the crisis.
“I wish to formally assure you that the concerns raised by your members have received the full attention of the Federal Government and we shall take immediate steps to address the issues,” he said.
As part of efforts to resolve the impasse, the minister disclosed that an emergency meeting had been convened.
“Accordingly, a high-level emergency stakeholders’ meeting has been scheduled to be held on Wednesday, April 22, 2026, in Abuja, bringing together all relevant stakeholders and regulatory authorities with a view to achieving a prompt, practical, and sustainable resolution,” he said.
The development came as Nigeria’s aviation sector grapples with rising operational costs, with fuel accounting for a significant portion of airline expenses. Industry stakeholders warned that without urgent intervention, the situation could lead to widespread disruptions in domestic air travel.
Travel/Tourism
Nigerian Airlines to Suspend Operations from April 20 Over Jet Fuel
By Adedapo Adesanya
The Airline Operators of Nigeria (AON), an industry body grouping around a dozen mainly domestic carriers, have announced plans to suspend all flight operations from April 20, due to the high cost of jet fuel.
The organisation wrote to the Major Energies Marketers Association of Nigeria (MEMAN) on April 14, complaining that jet fuel prices had risen by about 270 per cent since late February, and accused the country’s fuel marketers of artificially inflating the cost.
The cost of fuel has generally risen in the last two months due to the escalating war with Iran by the US and Israel, which has triggered one of the most severe energy shocks in decades. Oil prices have surged above $115 per barrel as markets react to escalating tensions and the risk of prolonged disruption.
At the centre of the crisis is the Strait of Hormuz, a chokepoint through which roughly one-fifth of global oil supply flows. With shipping constrained, the effects are cascading across the global economy, raising fuel costs, fueling inflation, and increasing the risk of economic slowdown across many economies.
AON called the jet fuel increase in Nigeria “astronomical and artificial,” saying it far outpaced global crude oil prices.
The airline’s body said the hike situation has now become unbearable and clearly unsustainable.
“Currently, airline revenues are insufficient to cover the cost of fuel alone, which is only one of many operational expenses incurred daily. The situation continues to deteriorate.
“The actions of fuel marketers are effectively decimating the aviation industry and putting the nation’s economy, safety, and security at risk, as airlines are gradually being forced to suspend operations.
“For the avoidance of doubt, this arbitrary increase has already severely impacted one airline, forcing it to ground all operations since March 13, 2026. This may become inevitable for other airlines if the situation does not change immediately.
“Aviation remains a sector of strategic national importance. The continued arbitrary rise in jet fuel prices is both unhealthy and detrimental to national well-being. Airlines are now facing existential threats, with serious consequences for the broader economy.
“If ticket prices are adjusted to reflect the current cost of aviation fuel, flights will operate with low passenger loads. Conversely, if airlines cease operations, financial institutions will be impacted, millions of livelihoods will be lost, and insecurity may increase.
“We therefore urge you to prevail on marketers to proportionately adjust jet fuel prices in line with international market realities, as airlines can no longer sustain purchases at the current exorbitant rates,” the letter read.
Travel/Tourism
Nigeria Secures 20-Year ICAO Strategic Roadmap
By Adedapo Adesanya
Nigeria recorded a significant aviation milestone during the opening session of the ICAO Global Implementation Support Symposium (GISS) in Marrakesh, Morocco.
The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, officially received Nigeria’s Civil Aviation Master Plan (CAMP) from the International Civil Aviation Organisation (ICAO).
This 20-year roadmap (2025–2045) is designed to fundamentally restructure and modernise Nigeria’s aviation sector.
The CAMP is not just a policy document; it is a strategic framework aligned with Nigeria’s National Development Plan.
It focuses on several critical areas, such as upgrading airports to meet global standards and transforming them into Aerotropolis hubs (airport cities) to drive trade and job creation, reaffirming a commitment to a zero-fatality aviation environment through strict adherence to ICAO’s international standards and deployment of advanced systems, including the integration of unmanned aerial systems (drones) into the national airspace.
Others are addressing the skills gap by developing a future-ready workforce through specialised training and global partnerships, and by creating a more attractive environment for private-sector investment, specifically in Maintenance, Repair, and Overhaul (MRO) facilities, to reduce capital flight.
According to a spokesman for the Minister of Aviation and Aerospace Development, Mr Tunde Moshood, the presentation of the CAMP at the ICAO Global Implementation Support Symposium underscored Nigeria’s growing visibility and commitment to international best practices in aviation development.
The ICAO, as the global body responsible for setting standards and regulations for aviation safety, security, efficiency, and environmental protection, he noted, continues to play a pivotal role in supporting Nigeria’s aviation modernisation efforts.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
