1 min de lecture

Marriott International pulls through in 2021

Marriott International posted a profit for this fourth quarter, compared to a loss a year earlier, thanks to an increase in the vaccination rate and higher hotel occupancy at the end of the year.

 

Marriott International benefited from the reopening of borders around the world and the easing of travel restrictions, particularly in its core markets of North America and Europe.

 

Indeed, the group reported net income of $468 million, or $1.42 per share, for the fourth quarter ended Dec. 31, compared with a loss of $164 million a year earlier. Meanwhile, revenue, came in at $4.45 billion in the fourth quarter of 2021, a 105 percent jump year over year viagra femenina preu. The group is beating estimates of $4 billion. Finally, RevPar (revenue per available room) saw a 125% increase.

 

Anthony Capuano, CEO, comments on these strong results: “The fourth quarter of 2021 capped a year that showed the incredible resilience of people’s desire to travel and the appeal of our extensive portfolio of 30 global brands.  We made significant progress in the recovery of global RevPAR1 in 2021, despite the emergence of new variants and the continued headwinds of the global pandemic. (…) Leisure demand continued to shine in the fourth quarter, with slower, but continued improvement in business and group transit demand.

 

 

Read also > 30 STAYS IN 300 DAYS : MARRIOTT BONVOY GIVES THREE ADVENTURERS AN UNFORGETTABLE STAY

 

Featured photo : © Marriott

Hélène Cougot

Passionate about art and fashion, Hélène went to a fashion design school: the Atelier Chardon-Savard. She then completed her training with an MBA in Marketing at ISG. She has written for the magazine Do it in Paris and specializes in writing articles about luxury, art and fashion for Luxus +.

Article précédent

Marriott International tire son épingle du jeu en 2021

Article suivant

La mythique DeLorean accélère vers le futur

Dernier en date de