Marriott’s Q1 Earnings Drop on Slowing Economy

A sluggish U.S. economy was to blame for dragging down Marriott International’s first-quarter profits, which posted at $121 million, down $61 million from the same period last year.

Revenue per available room (RevPAR), a key measure of a hotel’s performance, grew only 2.3 percent at Marriott’s North American properties, down precipitously from a year ago when the Bethesda, MD-based company posted double-digit RevPAR growth.

RevPAR did, however, grow 18.5 percent at Marriott’s international hotels, allowing it to raise daily rates by as much as 16 percent.

The threat of recession and a slight pullback in corporate and leisure travel has combined to take a toll on both Marriott and the entire hotel industry. Visit

Suggested Articles:

After the House approved the $2 trillion COVID-19 stimulus package on Friday, President Donald Trump signed the bill into law. Read more here.

The CARES Act, passed by the Senate, would pour $2 trillion into the U.S. Economy. Read more.

Celebrity Cruises has extended its suspension of voyages through May 12 and Alaska sailings until July 1.