Marriott International saw global RevPAR drop 84.4% in the second quarter, with Marriott CEO Arne Sorenson telling investors that the three months through June "will mark the bottom, and that the worst is now behind us." "Since April, occupancy levels have increased each month in every region around the world, albeit at varying rates," Sorenson said during Marriott's Q2 earnings call on Monday. "There's still no visibility around when RevPAR could return to 2019 levels, however the global industry trends experienced over the past couple of months give us confidence that people will continue to increase their travel."

Related