Why are Global Hotel Firms Still Operating in Russia?

I recently received an email from Iryna Sidletska, president of the Ukrainian Hotel & Resort Association, and Mariana Oleskiv, chairperson of the State Agency for Tourism Development of Ukraine. In it, they make a case that all global hotel brands should join other Western companies in pulling out of Russia completely, in protest of its attack on Ukraine.

Marriott and InterContinental Hotels Group (IHG) announced in mid-March that they were closing their corporate offices in Moscow and would put new openings, future development activity and investment in Russia on hold. Similarly, Hilton closed its corporate office and is also suspending new development activity. Still, hotels in Russia continue to operate under all three companies' flags.