Marriott profit higher than expected
Bethesda, Maryland – 9 May 2017 –
Marriott International reported a higher-than-expected quarterly profit, driven by higher room rates and occupancy.
“RevPAR exceeded our expectations in North America and Europe due to stronger group attendance and higher-rated business transient demand,” chief executive Arne Sorenson said.
Marriott’s North American and worldwide systemwide RevPAR rose 3.1 percent, in the first quarter ended March 31.
The company, … Read More