Trends in China Give Marriott Executives Confidence in Global Recovery
Overall Travel Demand Grows As Vaccinations Increase
As more people receive one of the available COVID-19 vaccines, demand has been rebounding, Marriott International CEO Tony Capuano said.
As more people receive one of the available COVID-19 vaccines, demand has been rebounding, Marriott International CEO Tony Capuano said.
Speaking during Marriott's first quarter 2021 earnings call, Capuano said more than 95% of the company's hotels are open globally and worldwide occupancy has improved each month this year.
"In March, we saw the largest month-over-month sequential increase in global occupancy since the beginning of the pandemic," he said.
Occupancy grew to more than 45%, an increase of 9 percentage points over February, he said. Global occupancy grew again in April to about 48%.