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Marriott: Q4 Corp. Travel Tops 2019, Group ‘Bright Spot’
Marriott International’s fourth-quarter business transient need arrived at virtually 90 p.c recovery, with regular every day fee and income for every out there place just about every escalating 3 per cent from 2019 amounts, president and CEO Anthony Capuano stated Tuesday all through a quarterly earnings call. Momentum is continuing in 2023, executives explained. In the meantime, the company’s negotiated company fee growth for 2023 is “in the substantial solitary digits after holding these fees steady the very last two decades,” Capuano mentioned. Leeny Oberg, Marriott CFO and govt VP of small business functions, attributed the company’s continuing momentum in the very first quarter to increasing cross-border vacation and potent team…