Marriott International, Inc. reported first-quarter 2023 results. Anthony Capuano, president and CEO, said, “We are off to a great start in 2023. First quarter worldwide RevPAR grew 34 percent year over year, with meaningful gains in both occupancy and average daily rate. International markets were particularly robust, with RevPAR growth of 63 percent. The lifting of travel restrictions throughout Asia Pacific, particularly in Greater China, significantly boosted first-quarter demand in the region. “In the United […]

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