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:

KASA Hotel Riviera Maya and KASA Hotel Parota in Tulum joined the collection this October. Take a look.

Prime Minister Boris Johnson’s bid for a “meaningful vote” on the latest Brexit deal has been rejected. More here.

On Sunday two cranes at the site of the collapsed Hard Rock Hotel New Orleans were demolished. Latest here.