Marriott International announced that revenue per available room (RevPAR) grew at its luxury and select-service hotels during the first quarter of the year.
The company stated that RevPAR at its luxury hotels increased by 6 percent globally compared to the same period last year. Select-service hotels also saw a 4 percent rise in RevPAR worldwide.
Marriott’s overall global RevPAR rose by 4.2 percent in the first quarter, according to the company’s financial results released on Tuesday. In the United States and Canada, RevPAR increased by 1.5 percent, while international markets experienced a 10.4 percent gain.
Anthony Capuano, President and Chief Executive Officer of Marriott International, said in a statement, “We were pleased with our results in the first quarter, which were driven by strong demand for travel around the world.”
The company reported net income of $564 million for the first quarter, compared to $757 million during the same period in the previous year. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were $1.09 billion, down from $1.14 billion a year earlier.
Marriott opened nearly 80 properties during the first quarter, adding more than 11,000 rooms to its global portfolio. The company’s development pipeline included over 3,400 properties and approximately 573,000 rooms as of March 31.
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