Marriott’s Growth in China Helps Buck New Industry Trend
Marriott International is faring better than its industry rivals in the increasingly important Chinese market, thanks to its Alibaba partnership and expanding market portfolio in the country.
While U.S. hotel chains Hyatt and Hilton, and Paris-based Accor reported declines in revenue per available room growth (RevPAR) in China in the second quarter, due to ongoing protests in Hong Kong and the nation's trade war with the U.S., Marriott disclosed on Monday night positive results in both inbound and outbound Chinese travel.
RevPAR in China for the chain rose 2.6 percent for the period ending June 30, buoyed by the performance of manufacturing markets like Shenzhen and more corporate destinations, such as Shanghai, according to the company.
