Marriott International posted a profit for this fourth quarter, compared to a loss a year earlier, thanks to an increase in the vaccination rate and higher hotel occupancy at the end of the year.
Marriott International benefited from the reopening of borders around the world and the easing of travel restrictions, particularly in its core markets of North America and Europe.
Indeed, the group reported net income of $468 million, or $1.42 per share, for the fourth quarter ended Dec. 31, compared with a loss of $164 million a year earlier. Meanwhile, revenue, came in at $4.45 billion in the fourth quarter of 2021, a 105 percent jump year over year viagra femenina preu. The group is beating estimates of $4 billion. Finally, RevPar (revenue per available room) saw a 125% increase.
Anthony Capuano, CEO, comments on these strong results: “The fourth quarter of 2021 capped a year that showed the incredible resilience of people’s desire to travel and the appeal of our extensive portfolio of 30 global brands. We made significant progress in the recovery of global RevPAR1 in 2021, despite the emergence of new variants and the continued headwinds of the global pandemic. (…) Leisure demand continued to shine in the fourth quarter, with slower, but continued improvement in business and group transit demand.”
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Featured photo : © Marriott
