Second quarter 2023 comparable systemwide constant dollar RevPAR increased 13.5 percent worldwide, 6.0 percent in the U.S. & Canada, and 39.1 percent in international markets, compared to the 2022 second quarter
According to data from Lodging Econometrics, the pipeline of brand conversions in Latin America jumped by 22 percent on the first quarter of 2023 compared to the first quarter of 2022, totaling 67 projects and 9,464 rooms. Marriott’s data parallels global trends, with a first quarter of healthy conversion activity, accounting for 29 percent of rooms signed and 25 percent of rooms opened by the company globally.
Awards Recognize Outstanding Associates and Properties
Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced yesterday an exclusive licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023.
A regional survey by Marriott International has coined a term to describe a new generation of travelers set to disrupt the industry over the next few years. ‘Native Explorers’ recognizes a tribe of affluent millennial and Gen Z travelers in Asia Pacific who are bucking the trend by traveling in reverse order to generations before them.
Today, on World Refugee Day, Marriott International announced it has committed to hiring more than 1,500 refugees throughout its European region by 2026. This follows Marriott's commitment to hire over 1,500 refugees by 2025 in the United States.
Marriott International, PCMA and CEMA, Release 'Guiding Principles in Experience Design' Findings at the Exchange: Association Masters
Marriott is announcing its plans to launch a new brand, which has not yet been named, but is currently being referred to as Project MidX Studios. The affordable midscale extended stay brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the U.S. & Canada.
Expanded Role Includes Overseeing Brand Management to Increase Customer Preference for the Company's Portfolio of Premium, Select Service and Longer Stay Brands
First quarter 2023 comparable systemwide constant dollar RevPAR increased 34.3 percent worldwide, 25.6 percent in the U.S. & Canada, and 63.1 percent in international markets, compared to the 2022 first quarter