First-quarter rates at Marriott International properties increased in North America by 2.4 percent year over year and by 5.9 percent outside of North America. Occupancy rose 2 percentage points in North America and 3 percentage points across all other regions, contributing to a revenue per available room increase of 5.8 percent in North America and 11.2 percent in the rest of the world. Berquist noted that corporate transient rate negotiations are now complete, with rate increases averaging in the high single digits, as projected. Hyatt Hotels Corp. saw similar results from negotiations. CFO Harmit Singh said those higher rates boosted the company's first-quarter corporate transient revenues by 6 percent year over year. The average daily rate at Hyatt properties worldwide increased year over year by 3.4 percent in constant dollars. North American rates increased 3.9 percent at full-service properties and 3.7 percent at select-service properties. Outside of North America, rates overall were up 3.9 percent. Starwood Hotels & Resorts president and CEO Frits van Paasschen said that for the first time since the downturn, rate played as big a role as occupancy in RevPAR growth. Average first-quarter daily rates at Starwood properties increased year over year by 4.5 percent in North America and by 7.1 percent outside North America. Rates were up in all regions, led by Asia-Pacific (11.3 percent) and Latin America (7.5 percent). Occupancy increased across all regions except Africa and the Middle East. Get the full story at Business Travel News