Procurement
The average daily rate at Marriott International properties increased by 3.8 percent year over year during the first quarter,
the company announced on Wednesday. ADR increased by 4.2 percent both in North America and in the Caribbean and Latin America, by 3.5 percent in the Middle East and Africa and by 0.9 percent in Asia/Pacific. ADR fell 2.7 percent in Europe, the only such regional decrease of the quarter. Global occupancy increased by 0.6 percentage points to 67.5 percent, and occupancy was up in all global regions. Net income for the quarter was $136 million, up from $104 million in the first quarter of 2012.