FeaturedfinanceSkift··1 min·For: Owner, Investor, Revenue
Marriott Fees Surge 14% Amid Owner Demands for Loyalty Share
Marriott's gross fees reached $1.52 billion in Q3, fueled by strong RevPAR gains and co-branded credit card revenue, intensifying friction with hotel owners demanding a larger share of loyalty profits.
Key Takeaways
- 1Gross fees rose 14% to $1.52B, driven by credit card fees projected to increase in the high 30% range.
- 2Global RevPAR climbed 6.5% year over year, surpassing August projections of 3.5% to 4%.
- 3Hotel owners are pushing Marriott management for a larger cut of loyalty and credit card income.
Source: Skift
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