In this video, John Willard Marriott, Jr. the Chairman and CEO of Marriott Int., suggested (1) the RevPAR of its portfolios was up 9% in May; (2) The company sees overall improvement of all brands, especially the luxury segment like the Ritz Carlton; (3) Business travel activities are up; (4) The U.S. and Asian markets recovered better than others; (5) Consumers will not easily find hotel bargains. Have you seen signs of recovery in your property yet? If so, by how much?
This YouTube (Bloomberg TV) video was downloaded from: http://tinyurl.com/linchikwok06092010V
Interested to read more? You may check out the Reuters' report (06/08/2010):
ReplyDeleteUPDATE 1 - Marriott rates rise for first time since 2008 http://www.reuters.com/article/idUSN088214620100608
The Wall Street Journal (06/10/2010) - Hotel Demand Heads Up http://on.wsj.com/dhH5pO
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