Marriott highlights strong Q1 leisure demand, rates

Aloft Dublin, Marriott

How the recovery from the pandemic will shake out still is very uncertain, but Marriott International is encouraged by the direction performance is taking.

During its first-quarter conference call, leaders said they are confident in their projections through the end of the year.

“As we look ahead to the rest of 2021, assuming continued progress with vaccinations and an improving consumer and macroeconomic environment in many regions around the world, we believe that the pace of the global recovery will continue to accelerate,” said Leeny Oberg, the company’s CFO.

“While trends will vary by region, we expect overall leisure demand will strengthen further into the summer months. In the U.S. and Canada, reservations at our resort hotels are particularly strong; transient roomnights for stays 30 days out are now over 60 percent above 2019 levels. And on top of that rates are almost 20 percent higher than the 2019 level.”

Read more on our our sister publication Hotel Management