Browsing Tag
Anthony Capuano
2 posts
Marriott room revenue rises 6.5% as 634,000-room pipeline raises expansion stakes
Marriott International reported stronger global hotel revenue per available room and 12% adjusted EBITDA growth as travel demand improved across major markets. However, its record development pipeline and substantial shareholder distributions increase the importance of maintaining returns while expanding the network.
Marriott International finalises acquisition of citizenM to expand global lifestyle brand footprint
Marriott completes acquisition of citizenM, adding 37 tech-driven lifestyle hotels to its portfolio; brand to join Marriott Bonvoy later this year.