{"id":72482,"date":"2021-11-04T12:31:34","date_gmt":"2021-11-04T11:31:34","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=72482"},"modified":"2021-11-04T12:31:34","modified_gmt":"2021-11-04T11:31:34","slug":"satisfactory-third-quarter-for-aston-martin-and-marriott","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/satisfactory-third-quarter-for-aston-martin-and-marriott\/","title":{"rendered":"Satisfactory third quarter for Aston Martin and Marriott"},"content":{"rendered":"<h4>Both Aston Martin and Marriott have reported results well above their forecasts for the third quarter of this year 2021. The carmaker doubled its sales, while the hotel chain benefited from the recovery in leisure travel.<\/h4>\n<h4><!--more--><\/h4>\n<p>&nbsp;<\/p>\n<h2>Aston Martin rebounds from difficult times<\/h2>\n<p>&nbsp;<\/p>\n<p>The<strong> British car manufacturer<\/strong> has had a <strong>prolific<\/strong> third quarter, with sales of vehicles to dealers <strong>soaring<\/strong> by 104% to 1,349 units.<\/p>\n<p>&nbsp;<\/p>\n<p>It must be said that the group has come a long way. Even before the pandemic, <strong>Aston Martin<\/strong> was in <strong>serious financial trouble<\/strong> with its cash flow running out. Executive chairman <strong>Lawrence Stroll<\/strong> was forced to bring in <strong>new financing<\/strong> and to find a <strong>new development strategy<\/strong>. <strong>Profitability<\/strong> is back on track as the brand embarks on a <strong>transformation plan<\/strong>. On Thursday, annual sales forecasts of around 6,000 cars were <strong>maintained<\/strong>, while production of the <strong>Valkyrie<\/strong> model continues to increase.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;<em>In the first nine months of this year, we have successfully built on the foundation that we put in place from 2020<\/em>,&#8221; said <strong>Stroll<\/strong>. &#8220;N<em>ot only do we have a low dealer inventory, but it is also healthy and fresh, a testament to our move to ultra-luxury positioning<\/em>.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<h2>Leisure travel benefits Marriott<\/h2>\n<p>&nbsp;<\/p>\n<p><strong>Marriott International<\/strong> also reported <strong>strong<\/strong> third-quarter results, beating <strong>revenue estimates<\/strong> on Wednesday, thanks to a <strong>strong<\/strong> rebound in <strong>leisure travel<\/strong> that helped <strong>counteract<\/strong> new restrictions in Asia caused by the Delta variant.<\/p>\n<p>&nbsp;<\/p>\n<p>The company&#8217;s shares rose 4% to a <strong>record high<\/strong> on Thursday. According to the hotel operator, demand for leisure travel could<strong> continue to grow<\/strong> until 2022.<\/p>\n<p>&nbsp;<\/p>\n<p>Occupancy rates in most major markets have <strong>improved<\/strong> from the pandemic lows thanks to <strong>vaccination<\/strong> and the reopening of economies. The recovery in <strong>China<\/strong>, however, has been <strong>slower<\/strong> and<strong> more turbulent<\/strong>, partly due to the country&#8217;s <strong>zero Covid policy<\/strong>. Nevertheless, global <strong>leisure travel<\/strong> remained <strong>strong<\/strong> throughout the quarter.<\/p>\n<p>&nbsp;<\/p>\n<p>Occupancy in the JW Marriott and Ritz-Carlton owner&#8217;s<strong> key region<\/strong> of the <strong>US<\/strong> and <strong>Canada<\/strong> was 63.5% in the third quarter, <strong>up<\/strong> from 37% a year earlier. Occupancy in <strong>Europe<\/strong> was 46.7%, <strong>up<\/strong> 26.3% from the same period in 2020.<\/p>\n<p>&nbsp;<\/p>\n<p>Revenues <strong>rose<\/strong> 75% to $3.95 billion, exceeding estimates of $3.81 billion.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt; <a href=\"https:\/\/luxus-plus.com\/en\/radisson-wants-to-double-its-offer-in-west-and-central-africa-by-2025\/\">RADISSON WANTS TO DOUBLE ITS OFFER IN WEST AND CENTRAL AFRICA BY 2025<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 Wikimedia Commons<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Both Aston Martin and Marriott have reported results well above their forecasts for the third quarter of this year 2021. The carmaker doubled its sales, while the hotel chain benefited from the recovery in leisure travel.<\/p>\n","protected":false},"author":1,"featured_media":72490,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"Both Aston Martin and Marriott have reported results well above their forecasts for the third quarter of this year 2021.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"Aston martin,Aston martin results,Marriott,Marriott international,Marriott International results,Marriott results,Carmaking,Hostel industry,Tourism","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-72482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/72482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=72482"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/72482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/72490"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=72482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=72482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=72482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}