Marriott posts 4.9 percent global RevPAR growth in Q2 - Asian Hospitality - 0 views
-
asianhospitality on 08 Aug 24MARRIOTT INTERNATIONAL REPORTED 4.9 percent year-over-year global RevPAR growth in the second quarter of 2024, with U.S. and Canada RevPAR rising 3.9 percent and international RevPAR increasing 7.4 percent. The company's net income grew to $772 million from $726 million a year ago, Marriott said in a statement. "Marriott reported strong second quarter results, with net rooms up 6 percent year-over-year and worldwide RevPAR growth of nearly 5 percent, as consumers continued to prioritize travel," said Anthony Capuano, Marriott International's president and CEO. "International RevPAR increased more than 7 percent, with Asia-Pacific excluding China leading the way, posting an impressive 13 percent RevPAR increase from the year-ago quarter." RevPAR for the U.S. and Canada grew nearly 4 percent during the quarter, Capuano said, and all customer segments grew versus the prior year quarter.