arizonatag

Marriott Room Rate Up along with Occupancy

Discussion created by arizonatag on Sep 13, 2018
Latest reply on Sep 14, 2018 by globaltreker

It appears, at least initially, that Marriott's merger with SPG is starting to pay off. 

An interesting article just surfaced about Marriott online. It begins: Two quarters into the current year, Marriott's global systemwide average daily rate (ADR) has improved nearly 2% to $161.42. Global systemwide occupancy has inched up more than one percentage point against the prior six months, to 73.1%. 4 Competitive Advantages Marriott International Wants Shareholders to Grasp -- The Motley Fool. Other highlights:

  • New Loyalty Program includes over 110 million members
  • Largest Inventory of hotel rooms globally with 466,000 rooms in the development pipeline
  • Marriott's Luxury (Aspirational Destinations) generate 19% of gross fee revenue
  • Booked revenue on Marriott's mobile apps and websites grew faster than booked revenue from OTAs

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