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:

Victor Betro, who started his Kempinski career at the Aqaba hotel in 2011, returns as general manager. Read more here.

Rabot Eco-Escape, formerly the Boucan by Hotel Chocolat, will be reopening on September 1. Here's what guests can expect.

Domestic outdoor destinations are the most desirable for the remainder of 2020, according to recent research by MMGY Myriad. Read more here.