Despite reporting a multimillion-dollar loss in the first quarter, Marriott International, Inc. pointed to signs that travel demand is rebounding in its largest region.
The hotel chain – which has more than 7,600 properties worldwide – saw an uptick in leisure travel across North America, particularly at the company's ski and beach resorts, CEO Tony Capuano said.
MARRIOTT INTERNATIONAL, INC.
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"Occupancy started the year at 33 percent in January and reached 49 percent by March," Capuano said. "Leisure demand gained momentum, particularly in ski and beach resort destinations."
However, Capuano added that the hotel chain is also seeing an increase in special corporate and group bookings now that companies are starting to return to the office more than a year after the start of the pandemic.