This book takes architects and designers on a worldwide journey to discover the most stylish and appealing spots, from an urban getaway in Europe to a resort on a South Pacific island, providing a serene ...
Bill Marriott: “2010 is shaping up to be a good year”
| Tweet |
Marriott International swung to an $83 million profit in 2010's first quarter and also saw its revenues edge up from the year ago period. Those factors – coupled with an ongoing rise in demand for its rooms – have the hotel giant optimistic about the coming year.
“In the first quarter we welcomed increasing numbers of business guests to our hotels as travelers got back to work in most markets around the world,” said J.W. “Bill” Marriott Jr., the company's chairman and ceo. “Corporate roomnights for the Marriott Hotels & Resort brand in North America rose 16 percent in the first quarter as business demand strengthened dramatically. At the same time, leisure demand remained solid as vacationers continued to find memorable holiday experiences and good values. While first quarter room rates were generally lower than last year, as occupancy levels continue to improve, we see higher room rates on the horizon.”
Based on all those factors, Marriott concluded: “2010 is shaping up to be a good year.”
Did you enjoy this article? Click here to subscribe to the magazine.
