{"id":10376,"date":"2020-06-02T16:24:15","date_gmt":"2020-06-02T08:24:15","guid":{"rendered":"\/\/www.teutonici.com\/?p=10376"},"modified":"2021-09-09T18:20:09","modified_gmt":"2021-09-09T10:20:09","slug":"marriott-opens-all-hotels-in-china-sees-steady-u-s-recovery","status":"publish","type":"post","link":"\/\/www.teutonici.com\/en\/marriott-opens-all-hotels-in-china-sees-steady-u-s-recovery\/","title":{"rendered":"Marriott Opens All Hotels in China, Sees Steady U.S. Recovery"},"content":{"rendered":"\t\t
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Marriott Opens All Hotels in China, Sees Steady U.S. Recovery<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Marriott International has reopened all its hotels in China and is seeing a steady recovery in the United States, its biggest market, Chief Executive Officer Arne Sorenson said on Monday.<\/p>

Shares of the hotel operator, which owns the Ritz-Carlton and St. Regis luxury brands, rose as much as 8.1% to USD95.64 in afternoon trading after Sorenson said the occupancy rate in China was 40% currently, up from 7% to 8% in February, when COVID-19 started spreading.<\/p>

\u201cIt\u2019s not just leisure travel growing, but it is business travel. Chinese are flying again,\u201d Sorenson said at a Goldman Sachs conference.<\/p>

In the United States, Marriott\u2019s hotels that remained open crossed the 20% occupancy threshold and continue to see an improvement, Sorenson said.<\/p>

\u201cThe (U.S.) hotels that are performing strongest are those that are most dependent on drive to business.\u201d<\/p>

The company had an occupancy rate of about 12% in North America in April, with 16% of its hotels closed temporarily.<\/p>

However, Sorenson warned that it could take Marriott a few years to get back to levels of occupancy seen in 2019, when its global occupancy rate was 71%.<\/p>

Read more.<\/a><\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Source:<\/strong>\u00a0ChinaTravelNews<\/a><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Marriott Opens All Hotels in China, Sees Steady U.S. Recovery Marriott International has reopened all its hotels in China and is seeing a steady recovery in the United States, its biggest market, Chief Executive Officer Arne Sorenson said on Monday. Shares of the hotel operator, which owns the Ritz-Carlton and St. Regis luxury brands, rose … <\/p>\n

Continue reading “Marriott Opens All Hotels in China, Sees Steady U.S. Recovery”<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":10415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[109],"tags":[],"class_list":["post-10376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry_news","entry"],"acf":[],"_links":{"self":[{"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/posts\/10376"}],"collection":[{"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/comments?post=10376"}],"version-history":[{"count":11,"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/posts\/10376\/revisions"}],"predecessor-version":[{"id":10711,"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/posts\/10376\/revisions\/10711"}],"wp:featuredmedia":[{"embeddable":true,"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/media\/10415"}],"wp:attachment":[{"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/media?parent=10376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/categories?post=10376"},{"taxonomy":"post_tag","embeddable":true,"href":"\/\/www.teutonici.com\/en\/wp-json\/wp\/v2\/tags?post=10376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}