Marriott Revenues Rise 6.5% as Travelers Seek Experiences
By PYMNTS
Source excerpt · PYMNTS
Marriott International said it is reaping the benefits of consumers’ ongoing prioritization of experiential spending. The hotel giant released quarterly earnings Monday (Nov. 2) showing its third-quarter global per available room (RevPAR) up 6.5%, anchored by a 12% surge in luxury hotels. Meanwhile, the company’s third-quarter gross fee revenues rose 14% year-over-year to $1.52 billion, […] The po…