Business and Economics
Marriott warns of ‘fight for talent’ as hotels struggle to find staff

Marriott’s CEO warns that the company is in a “fight for talent” as it seeks to hire 10,000 staff at hotels in the United States to accommodate the rapid recovery of bookings.

Tony Capuano took over after his predecessor’s death in February Arne Sorenson. The pandemic redundancy “raised” workers’ confidence in the travel and tourism sector, causing a serious staff shortage.

“We have to do a consistent job of sharing the story that it’s actually an industry segment that can build an incredible career,” he told the Financial Times. .. “In the face of the battle for this talent, the ability to tell the story around the world is more important than ever.”

Marriott, the world’s largest hotel company, has approximately 10,000 vacancies in 600 hotels across the United States.

Capuano said the challenge was “especially serious” in states such as Florida, one of the fastest recovering markets from the pandemic due to the surge in demand for resort vacations.

oDoc makes record progress in 1H of 2021

oDoc, Sri Lanka’s largest digital health company, has revolutionised the industry by their innovative range of premium digital healthcare offerings targeted towards individuals and corporates around the country.

With the uncontrollable surge of Covid-19 cases across Sri Lanka, virtual doctor channelling has  become increasingly popular and practical, leading to an exponential rise in the number of people using oDoc. The range of services include video consulting a doctor, home delivery of  medications as well as at-home lab testing.

oDoc has seen impressive growth in 1H2021 with a 70% increase in the number of consultations and an 149% increase in new users on the app.

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Bourse reaches new highs – Acuity Stockbrokers

The Bourse ended the week on a positive note this week with ASPI increasing by 385.32 points (or 4.31%) to close at 9,316.65 points, while the S&P SL20 Index also increased by 149.51 points (or 4.47%) to close at 3,494.76 points.

Expolanka was the highest contributor to the week’s turnover value, contributing LKR 15.64Bn or 26.17% of total turnover value. Browns Investments followed suit, accounting for 22.12% of turnover (value of LKR 13.22Bn) while L O L C Holdings contributed LKR 3.35Bn to account for 5.60% of the week’s turnover.

Total turnover value amounted to LKR 59.75 Bn (cf. last week’s value of LKR 55.05 Bn), while the daily average turnover value amounted to LKR 11.95Bn (8.54% W-o-W) compared to last week’s average of LKR 11.01Bn. Market capitalization meanwhile, increased by 4.31% W-o-W (or LKR 171.70 Bn) to LKR 4,151.63 Bn cf. LKR 3,979.93 Bn last week.

Liquidity (Value & Volume)

Transportation Industry Group was the highest contributor to the week’s total turnover value, accounting for 26.27% (or LKR 15.70Bn) of market turnover. Industry Group’s turnover was driven primarily by Expolanka which accounted for 99.62% of the sector’s total turnover. Food Beverage & Tobacco Industry Group meanwhile accounted for 24.79% of the total turnover value while Capital Goods Industry Group contributed 21.32% to the weekly turnover.

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