Marriott's Q2 highlights: Surge in Europe travel, China recovery
A surge in Americans' international travel as well as a rebound in China helped boost Marriott's global performance in the second quarter
Marriott CFO Leeny Oberg cited "a big exodus of Americans going over to Europe and other places in the world," which she said has helped bolster cross-border demand across other international markets.
Key takeaways
- Leisure room nights booked by U.S. and Canadian travelers jumped 90% year over year in the Asia-Pacific region and more than 20% in Europe;
- Revenue per available room (RevPAR) in China was up nearly 125% primarily due to a surge in domestic travel demand;
- RevPAR in the U.S. and Canada grew 6% in Q2, driven by an increase in group and business travel.
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