Marriott Posts 4th Quarter Profit Thanks to Vaccinations and Holiday Traffic

This post may contain affiliate links; please read our advertiser disclosure for more information.

Marriott Posts 4th Quarter Profit

Marriott Posts 4th Quarter Profit Thanks to Vaccinations and Holiday Traffic

Marriott International revealed in its fourth-quarter results that increasing vaccination rates and holiday-season traffic boosted occupancy rates across its hotels. The company’s revenue more than doubled to $4.45 billion in three months ended Dec. 31.

Rising vaccination rates worldwide have helped the hotel industry as customers returned to the comforts of luxury stays during the holiday season. Marriott has benefited from the reopening of international borders and more lenient travel restrictions, especially in North America and Europe.

“Each of our regions saw meaningful continued RevPAR (revenue per available room) recovery in the fourth quarter compared to the third quarter, with the exception of Greater China, where recovery stalled due to their zero COVID policy,” said Chief Executive Officer Anthony Capuano, as reported by Reuters. He also said that new bookings had rebounded to pre-Omicron levels despite a setback in January. Capuano is optimistic about global travel demand recovery throughout 2022.

Marriott reported a net income of $468 million, or $1.42 per share, for the fourth quarter of 2021. That’s quite the improvement from a loss of $164 million or 50 cents per share, a year earlier.

DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

More Like This

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

7,703FansLike
15,951FollowersFollow
27,700SubscribersSubscribe

  • MtM recommended tool to track & organize credit cards
  • Best card offers personalized for you
  • Track bonus deadlines, fee dates & 5/24 status
  • Full Travel Freely overview

Free Sign-Up


  • MtM recommended tool to track & organize credit cards
  • Best card offers personalized for you
  • Track bonus deadlines, fee dates & 5/24 status
  • Full Travel Freely overview

Free Sign-Up

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!