The average daily rate at Marriott International properties during the final four months of 2012 increased by 3.3 percent year over year to $139.56, and occupancy increased by 1.3 percentage points to 68.8 percent. In North America, ADR was up 4 percent to $132.40, and occupancy increased 1.2 percentage points to 68.1 percent. ADR remained largely flat elsewhere, except for the Caribbean and Latin America, where it increased by 1.4 percent. Net income for the period was $181 million, up from $141 million for the final four months of 2011. The 16-week period for which the figures represent, longer than the typical 12 weeks, is a result of a change Marriott made this year to its reporting calendar.
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Hyatt Hotels Corp. selected Chuck Floyd to become global president of operations, a new position overseeing all three of Hyatt's regional presidents, effective Aug. 1.... read more »