BETHESDA, Md. — Marriott International, Inc. has reported positive results for the second quarter of 2016, along with plans for significant future growth.

The company reported net income totaling $247 million in Q2 2016, compared to $240 million in the same quarter of the previous year.

In North America, Marriott experienced a 3.1 per cent increase in comparable system-wide RevPAR, as well as a 2.1 per cent increase in ADR.

Marriott added nearly 11,000 rooms in Q2, including approximately 1,700 rooms converted from competitor brands and roughly 3,600 rooms in international markets.

Further growth is on the company’s horizon, with Marriott’s worldwide development pipeline increasing to more than 285,000 rooms, including approximately 33,000 rooms approved, but not yet subject to signed contracts at the end of Q2.

“Marriott’s second-quarter results demonstrate the company’s strength. Leading brands and a focus on bottom-line results delivered strong results in the second quarter. While hotel performance reflected generally slower economic growth, leisure-travel demand remained robust and group business performed well,” says Arne M. Sorenson, president and CEO of Marriott International. “We look forward to completing the acquisition of Starwood Hotels & Resorts Worldwide in the coming weeks. After months of planning, we are confident we will hit the ground running and are even more excited about the prospects presented by the combination of Marriott and Starwood.”


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