Marriott International said that April had “defined the bottom” and that the group was now seeing more hotels opening than closing.
President & CEO Arne Sorenson added that, despite the comparative strength of select service brands during the pandemic, it would “not trade Marriott’s model”.
Sorenson said: “We would not trade Marriott’s model for being purely in the lower segments. There might be a different risk profile but there’s also a different upside.” He added that,