Marriott International reported second-quarter 2021 results. Net income totaled $422 million, compared to net loss of $234 million in the year-ago quarter.
Comparable systemwide RevPAR increased 262.6 percent worldwide, 274.6 percent in the U.S. & Canada, and 223.2 percent in international markets, compared to the 2020 second quarter. RevPAR declined 43.8 percent worldwide, 39.5 percent in the U.S. & Canada, and 55.6 percent in international markets, compared to the 2019 second quarter.
Anthony Capuano, Chief Executive Officer, said that the swift resurgence of lodging demand once the virus has been largely contained and restrictions have eased has been most evident in Mainland China. Second-quarter RevPAR in mainland China was on par with the second quarter of 2019, and in April, for the first time since the pandemic began, leisure, business transient and group room nights were all ahead of 2019 levels.
Read original article