Marriott Updates Q4 RevPAR Outlook

While Marriott International’s fourth quarter 2009 results are not yet available, the company has said it expects fourth quarter 2009 revenue per available room (RevPAR) for comparable systemwide hotels outside North America to have declined 14 to 16% on a constant dollar basis.

The company also expects comparable systemwide RevPAR inside North America will have declined 13 to 14%, somewhat better than prior guidance. Prior guidance for North America assumed a 13 to 16% RevPAR decline for the fourth quarter of 2009 for comparable systemwide hotels in North America.

In his blog on Wednesday, Marriott International’s chairman and chief executive officer J.W. Marriott, Jr. discussed his optimism for the economy and Marriott as the New Year begins. Speaking of RevPAR trends, Mr. Marriott said, “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. 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.”

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