Global
Marriott's "special corporate rates" negotiated for 2010 "are down modestly from 2009 levels," said president and COO Arne Sorenson.
"To be sure, over time, we expect true pricing power will return as both demand recovers and supply growth abates." Sorenson noted that corporate demand is "picking up, cancellations again are running at normal levels and our 2010 group bookings continue to build."