Page 110 - Development Pipeline News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Development pipeline. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Development Pipeline Today - Breaking & Trending Today

Marriott: Some future group rates above 2019 levels | Business Travel News Europe


Share
Group business already on the books for the first quarters of 2022 and 2023 at Marriott International s US and Canada properties has been booked at higher average rates than similar bookings were in 2019, Marriott CEO Tony Capuano said on a Monday earnings call. The US and Canada is the company s largest region, according to Capuano.
Rates for group room nights booked in the first quarter for 2022 and 2023 are currently 6 per cent and 10 per cent, respectively, above pre-pandemic levels, demonstrating that we are not trading rate for occupancy, he said. At the end of the quarter, group revenue on the books for 2022 was down less than 15 per cent compared to group revenue on the books as of the end of the first quarter of 2019 for 2020. ....

Tony Capuano , Leeny Oberg , Development Pipeline , Marriott International , டோனி காப்புஅனோ , வளர்ச்சி குழாய் , மேரியட் சர்வதேச ,