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Hotel renovation and conversion activity soars in the U.S.

Hotel Business

Hotel renovation and conversion pipeline activity, at the end of the fourth quarter of 2022, is at the highest totals Lodging Econometrics (LE) has ever recorded. Renovations and conversions account for more projects and rooms than those that are currently in the under construction stage of the new construction pipeline.

Scale 99
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Marriott reports global RevPAR increase of 4.2%

Hotel Business

At the end of the quarter, Marriott’s worldwide development pipeline totaled more than 3,400 properties and nearly 547,000 rooms, including roughly 27,000 pipeline rooms approved but not yet subject to signed contracts. The quarter-end pipeline included 1,089 properties with more than 202,000 rooms under construction.

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Marriott reports 34.3% global RevPAR growth in Q1

Hotel Business

Our industry-leading pipeline grew to approximately 502,000 rooms, up 2.6% At the end of the quarter, Marriott’s worldwide development pipeline totaled more than 3,050 properties and approximately 502,000 rooms, including more than 21,000 rooms approved but not yet subject to signed contracts. from the year-ago quarter end.

Pipeline 105
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Marriott reports strong Q4, full-year 2022 results

Hotel Business

billion in the 2022 fourth quarter, compared to fourth-quarter 2021 adjusted EBITDA of $741 million At the end of the year, Marriott’s worldwide development pipeline totaled more than 3,000 properties and more than 496,000 rooms, including roughly 22,300 rooms approved, but not yet subject to signed contracts. in the year-ago quarter.