Marriott International, Inc. reported on Friday (Nov. 6) as part of its Q3 earnings that revenue per available room (RevPAR) fell 65.9 percent globally, 65.4 percent in North America and 67.4 percent beyond North America, in contrast to Q3 2019.
President and CEO Arne M. Sorenson said in a call with analysts that the hotel chain’s global occupancy reached a bit over 37 percent, marking an improvement of 25 percentage points from April’s 12 percent. He noted that the recovery trajectories vary greatly by area.
