Marriott International has updated its Q4 RevPar outlook, which is slightly improved over previous guidance. Outside North America, RevPar declined 14 to 16 percent. On the continent, the key metric dropped about 13 to 14 percent. "For Marriott, the fourth quarter looked better than we expected outside North America, while things in the U.S. and Canada were also a little better," CEO J.W. Marriott, Jr., writes on his blog. "Leisure travelers are responding to the terrific values we’re offering. We’ve also seen business travel and large meetings start to pick up, which is big for our industry."
Marriott will officially disclose its fourth quarter earnings on February 11th.
