Marriott's Revenue Per Available Room (RevPar) Up 6.7% Worldwide for 2nd Qtr 2012
Jul 12, 2012, 5:55 am
#1
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Marriott's Revenue Per Available Room (RevPar) Up 6.7% Worldwide for 2nd Qtr 2012
Marriott International Reports Second Quarter 2012 Results
According to Arne Sorenson, “In the second quarter, our business performed well in most markets around the world. In North America, strengthening group business, more travel by our special corporate customers, especially in the technology and consulting industries, and the impact of modest supply growth, drove our occupancy and room rates higher."
Good for Marriott, but I don't think it bodes well for elites hoping for any additional benefits from Marriott. As a matter of fact with increased room rates, I think there will be a lot of category changes early next year.
Regards,
RIP
According to Arne Sorenson, “In the second quarter, our business performed well in most markets around the world. In North America, strengthening group business, more travel by our special corporate customers, especially in the technology and consulting industries, and the impact of modest supply growth, drove our occupancy and room rates higher."
Good for Marriott, but I don't think it bodes well for elites hoping for any additional benefits from Marriott. As a matter of fact with increased room rates, I think there will be a lot of category changes early next year.
Regards,
RIP
Jul 12, 2012, 5:58 am
#2
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That's great news for Marriott. Anyone have comparable o rates for its competitors in the same quarter?
That's great news for Marriott. Anyone have comparable o rates for its competitors in the same quarter?
Jul 12, 2012, 7:18 am
#3
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as posted by another OP, guess all the clientele aren't going to other brands due to a diminution of value..........
Marriott International Reports Second Quarter 2012 Results According to Arne Sorenson, “In the second quarter, our business performed well in most markets around the world.
Last edited by BKKLEE; Jul 12, 2012 at 8:09 am
Jul 12, 2012, 7:54 am
#4
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Q1 2012 - 6.8% REVPAR increase
Q4 2011 - 5.9% REVPAR increase
Q3 2011 - 8.3% REVPAR increase
Q2 2011 - 7.7% REVPAR increase
Q1 2011 - 6.5% REVPAR increase
Great news for Marriott and stockholders but bad news for customers:
Rate increases:
Q2 2012 - 4.1% Avg Daily Rate increase
Q1 2012 - 3.5% Avg Daily Rate increase
Q4 2011 - 3.7% Avg Daily Rate increase
Q3 2011 - 5.3% Avg Daily Rate increase
Q2 2011 - 4.5% Avg Daily Rate increase
Q1 2011 - 3.0% Avg Daily Rate increase
Which raises an interesting question:
FTers always get irate and we end up with threads that are a bazillion posts long when point devaluation occurs every 8-10 years. Why doesn't the same thing happen for rate increases that happen all the time?
Q4 2011 - 5.9% REVPAR increase
Q3 2011 - 8.3% REVPAR increase
Q2 2011 - 7.7% REVPAR increase
Q1 2011 - 6.5% REVPAR increase
Great news for Marriott and stockholders but bad news for customers:
Rate increases:
Q2 2012 - 4.1% Avg Daily Rate increase
Q1 2012 - 3.5% Avg Daily Rate increase
Q4 2011 - 3.7% Avg Daily Rate increase
Q3 2011 - 5.3% Avg Daily Rate increase
Q2 2011 - 4.5% Avg Daily Rate increase
Q1 2011 - 3.0% Avg Daily Rate increase
Which raises an interesting question:
FTers always get irate and we end up with threads that are a bazillion posts long when point devaluation occurs every 8-10 years. Why doesn't the same thing happen for rate increases that happen all the time?
Jul 12, 2012, 8:01 am
#5
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Here is the link since it was missing in the OP: Marriott International Reports Second Quarter 2012 Results
Jul 12, 2012, 2:43 pm
#6
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For the same reason we don't see folks celebrating in the streets when ADR's decline, the industry as a whole is hoping ADR's finally reach pre-recession levels next year (some markets did achieve that this year)
Jul 12, 2012, 2:57 pm
#7
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While I was not celebrating their cause, I was celebrating the low rates years ago and even posted numerous times that I was not using points as rates were too low to justify the use of points. I was saving the points for when rates rise (as they have been doing). I am now starting to use points once again and with a sizable stash of points to boot. I still won't go below a 1.5˘/pt burn rate but it is much easier to find hotels that meet that criteria with the rise in rates. YBRMV
Jul 13, 2012, 7:33 am
#8
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While I was not celebrating their cause, I was celebrating the low rates years ago and even posted numerous times that I was not using points as rates were too low to justify the use of points. I was saving the points for when rates rise (as they have been doing). I am now starting to use points once again and with a sizable stash of points to boot. I still won't go below a 1.5˘/pt burn rate but it is much easier to find hotels that meet that criteria with the rise in rates. YBRMV
Jul 14, 2012, 6:48 am
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Starwood's RevPAR increased 5.8% for 1Q. 2Q not out yet.
Hyatt's 1Q RevPAR increased 8.3%; excluding the effect of currency, it increased 8.7%. 2Q not out yet.
IHG released 1Q2012 results in May so 2Q won't be out for a while. 1Q showed a 7% increase vs 6.8% for Marriott.
Wyndham will report 2Q on 25 July. 1Q showed a 9% domestic RevPAR gain and 7% systemwide.
Choice Hotels reported a 1Q domestic RevPAR growth of 8.6%; no systemwide RevPAR listed.
Going off of 1Q data, Marriott was near the bottom of the pack as far as RevPAR growth, beaten by Hyatt, IHG, Wyndham, and Choice. However, they beat Starwood in RevPAR growth for 1Q.
