Accelerating group hotel demand boosts Marriott's second-quarter performance
08/05/2022|12:16:07 AM|CoStar

Ongoing strength in leisure travel and an acceleration in the recovery of group demand pushed Marriott International’s second-quarter performance to or above 2019 levels.

Worldwide occupancy reached 71%, only 5 percentage points below pre-pandemic levels, while global average daily rate was 8% above June 2019 levels.

In Greater China, RevPAR declined more than 50% compared to 2019 because of lockdowns in many major cities.

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