BTN's annual answer book for business travel managers.
Marriott International's systemwide occupancy rose 0.7
percentage points year over year to 75.7 percent, while average daily rate increased
1.2 percent to $159.33. Marriott maintained the guidance it offered last quarter for
growth of worldwide revenue per available room for the full year: 1 to 3
percent. But the company reduced its guidance for North America from 1 to 3
percent to 1 to 2 percent and for the rest of the portfolio from 3 to 5 percent
to 2 to 4 percent. The company added 16,000 rooms during the second quarter, of
which 5,900 were in international markets. Its global development pipeline as
of June 30 stands at more than 440,000 rooms across 2,597 hotels. Reported net income increased 68 percent year
over year to $414 million.
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