Company revenues also climbed 7% to US$3.48 billion, and the group managed to reduce its expense bill by 6%, leading to a 13% jump in operating profits, which totalled US$316m. In terms of its hotel operations, Marriott’s revPAR increased 5.8% year-on-year to US$116.63. This was driven by a 1.7% rise in occupancy, to 77.0%, and a 3.5% increase in average daily rates, to US$151.39. The strongest revPAR growth was seen in the Caribbean and Latin America region, which climbed 10.6% to US$145.15. Asia Pacific hotels increased 5.6% to US$126.51, but European revPAR edged up just 1.6% to US$148.74. “Results in the quarter exceeded our expectations as worldwide revPAR increased nearly 6%. In North America, strong transient demand drove revPAR higher and room rates rose nearly 4%,” said Arne Sorenson, Marriott’s president & chief executive officer. Get the full story at Travel Daily