Marriott Hotels’ Q3 revenue fell 57% year-on-year,But the net profit is profitable

Big accommodation Author of this article: Guan Zichen 2020-11-08
The operating conditions of Marriott hotels in Greater China have further recovered.

Although the impact of the epidemic on the hotel industry is still ongoing,However, the business conditions of International Hotel Group improved in the third 188bet best bookmaker。November 6 (US time),Marriott, the world’s largest hotel group, announced its third 188bet best bookmaker results。Financial report display,Marriott Hotels’ third 188bet best bookmaker revenue was 22.US.4 billion,Compared to 52 in the same period last year..4 billion down 57.3%,Net profit is US0 million,Compared to 3 in the same period last year.US.7 billion dropped by 74.2%。Although revenue、Double drop in net profit,However,Compared with the second 188bet best bookmaker,Marriott Hotel Group’s operating conditions have improved。

It can be seen from the performance of Marriott Hotel in this year’s second 188bet best bookmaker financial report,The world’s largest hotel group suffered its first quarterly loss in nearly nine years,And in the third 188bet best bookmaker,Business conditions have improved significantly,Achieved net profit of US0 million,And this also surprised the industry。At the same time,Marriott Hotels’ global RevPAR fell 66% year-on-year in the third 188bet best bookmaker,But compared to the RevPAR decline in the second 188bet best bookmaker,Narrowed by about 19 percentage points。

It is worth mentioning,In Greater China,Marriott Hotel’s operating conditions have also further recovered。Financial report display,Marriott Hotels’ occupancy rate in Greater China in the third 188bet best bookmaker was approximately 61%;RevPAR is 26% lower than the same period last year,An improvement of 35 percentage points from the previous month。Currently,94% of Marriott’s hotels around the world have resumed operations。

Industry opinion,This is mainly due to Marriott’s cost-cutting measures,And the relaxation of travel restrictions、Increasing demand for leisure travel。

In fact,Not just a Marriott hotel,Hilton, an established international hotel group, also disclosed in its third 188bet best bookmaker results,97% of its hotels around the world are currently open,The hotel occupancy rate in China in August this year was close to 70%,This is also the highest occupancy rate achieved by Hilton hotels in China since December 2019。

Industry insiders said,Judging from the performance of various hotel groups in the third 188bet best bookmaker,Both have recovered,But compared with previous years,There is still a big gap,Hope that business conditions can further recover in the fourth 188bet best bookmaker。

*Source of this article: Beijing Business Daily Network, author: Guan Zichen, original title: "Marriott 188bet best bookmaker’s Q3 revenue fell 57% year-on-year but net profit is now profitable》.

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