BRIEF-Marriott CEO says Q1 RevPAR In APEC Rose Over 7%, Driven By Strong ADR Growth And An Increase In Demand From Chinese Guests - Conf. Call

ماريوت الدولية

Marriott International, Inc. Class A

MAR

0.00

- Marriott International Inc MAR.O:

  • MARRIOTT CEO: FIRST QUARTER REVPAR IN APEC ROSE OVER 7%, DRIVEN BY STRONG ADR GROWTH AND AN INCREASE IN DEMAND FROM CHINESE GUESTS - CONF. CALL

  • MARRIOTT CEO: BEGINNING IN MARCH, MIDDLE EAST TRAVEL CORRIDOR DISRUPTIONS STARTED TO IMPACT SELECT APEC MARKETS, INCLUDING INDIA AND THE MALDIVES

  • MARRIOTT CEO: REVPAR IN CALA ROSE 2%, LED BY RECORD LEISURE RESULTS IN THE CARIBBEAN, PARTIALLY OFFSET BY A DECLINE IN REVPAR AT MEXICAN LUXURY RESORTS

  • MARRIOTT CEO: GLOBAL SIGNINGS ARE OFF TO AN EXCELLENT START THIS YEAR, WITH FIRST QUARTER DEAL SIGNINGS UP 9% YEAR OVER YEAR

  • MARRIOTT CFO: Q1 TOTAL GROSS FEE REVENUES INCREASE REFLECTS HIGHER REVPAR, ROOMS GROWTH, 37% INCREASE IN CO-BRANDED CREDIT CARD FEES, OVER 70% INCREASE IN RESIDENTIAL BRANDING FEES

  • MARRIOTT CFO: IN EMEA, ASSUME THAT AIR CAPACITY AND TRAVEL SENTIMENT WILL CONTINUE TO BE IMPACTED, PARTICULARLY IN THE MIDDLE EAST, THROUGH THE END OF THE YEAR.

  • MARRIOTT CFO: MIDDLE EAST ACCOUNTS FOR 3% OF OPEN ROOMS, 7% OF PIPELINE ROOMS, AND FOR FULL YEAR 2025, 3% OF GLOBAL GROSS FEES

  • MARRIOTT CFO: LOWERING OUR REVPAR OUTLOOK IN EMEA, REFLECTING CONTINUED YOY DECLINES IN OUR MIDDLE EAST PROPERTIES, WITH THE MOST SEVERE DECLINE EXPECTED TO OCCUR IN THE SECOND QUARTER

  • MARRIOTT CFO: GUIDANCE ASSUMES CONFLICT IN THE MIDDLE EAST COULD IMPACT FULL YEAR GLOBAL REVPAR GROWTH BY 100 TO 125 BASIS POINTS

  • MARRIOTT CFO: WORLD CUP IS STILL EXPECTED TO ADD 30 TO 35 BASIS POINTS TO GLOBAL REVPAR GROWTH THIS YEAR

  • MARRIOTT CFO: CO-BRANDED CREDIT CARD FEES ARE STILL EXPECTED TO INCREASE AROUND 35%

  • MARRIOTT CFO: Q2 IMFS EXPECTED TO BE DOWN IN THE MID-SINGLE DIGIT RANGE, DRIVEN BY SIGNIFICANT DECLINES IN THE MIDDLE EAST

  • MARRIOTT CFO ON MIDDLE EAST: SEEN BOOKING ACTIVITY SHOWING SOME SIGNS OF RECOVERY FROM THE LOWS EXPERIENCED IN MARCH

  • MARRIOTT CFO: EXPECT THAT THE IMPACT TO THE MIDDLE EAST PROPERTIES WILL CONTINUE THROUGH THE END OF THE YEAR

  • MARRIOTT CFO ON MIDDLE EAST: ANTICIPATING ABOUT A 50% REDUCTION IN REVPAR IN Q2

  • MARRIOTT CEO: ACROSS DEMOGRAPHICS, WE CONTINUE TO SEE A PRIORITIZATION OF TRAVEL AND EXPERIENCES OVER CONSUMPTION OF HARD GOODS

  • MARRIOTT CEO: "EVEN IN LOWER INCOME HOUSEHOLDS, YOU'RE SEEING THAT SHIFT. AND I THINK THAT'S HAVING A PRETTY MATERIALLY POSITIVE IMPACT ON THE PERFORMANCE OF OUR SELECT BRANDS"

  • MARRIOTT CFO: SEEING STRENGTH ACROSS ALL CHAIN SCALES AND SEGMENTS CONTINUE IN US AND CANADA IN APRIL

  • MARRIOTT CFO: EXPECT UPLIFT FROM THE WORLD CUP IN Q2 AND Q3

  • MARRIOTT CFO: EXPECT A BIT OF AN IMPACT FROM THE MIDTERM ELECTIONS IN Q4

  • MARRIOTT CFO: HAD A GREAT FIRST QUARTER, PREDOMINANTLY DRIVEN BY LEISURE

  • MARRIOTT CEO: FEELING GOOD ABOUT THE SUMMER TRAVEL SEASON

  • MARRIOTT CFO: FIRST FEW WEEKS OF THE CONFLICT, DID SEE THAT US TRAVELERS SLOWED THEIR INTERNATIONAL BOOKINGS A BIT, BUT THOSE TRENDS HAVE NORMALIZED

  • MARRIOTT CFO: "WE'RE BACK TO KIND OF PRE-CONFLICT TRENDS IN TERMS OF DOMESTIC VERSUS INTERNATIONAL TRAVEL BOOKINGS FROM THE US"

Source text: [ID:]

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