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[Travel News]: Accelerating group hotel demand boosts Marriott’s second-quarter performance

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The following is the [Travel News]: Accelerating group hotel demand boosts Marriott’s second-quarter performance from [CoStar] recommended by TheTourAttraction.com:

In Greater China, RevPAR declined more than 50% compared to 2019 because of lockdowns in many major cities.

Ongoing strength in leisure travel and an acceleration in the recovery of group demand pushed Marriott International’s second-quarter performance to or above 2019 levels.

Worldwide occupancy reached 71%, only 5 percentage points below pre-pandemic levels, while global average daily rate was 8% above June 2019 levels.

In Greater China, RevPAR declined more than 50% compared to 2019 because of lockdowns in many major cities.

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