Global revenue per available room (RevPAR) or room revenue rose by more than 4% on the back of 11 per cent growth in international markets. North American RevPAR rose by 1.5 per cent in the quarter, mostly driven by group and business travel from large corporate businesses. Shares of the Ritz-Carlton owner fell 2% in early trading, after its adjusted quarterly profit missed analysts’ expectations of US$2.17. Marriott’s room development pipeline decreased to 547,000 rooms at the end of March.
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