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Middle East Conflict Weighs on Marriott Q2 Results
FeaturedfinanceSkift··1 min·For: Owner, Investor, Revenue, GM

Middle East Conflict Weighs on Marriott Q2 Results

Marriott International reported a 43% drop in Middle East RevPAR for Q2 due to regional conflicts, dragging down overall international performance. Executives warn that Q4, typically peak season for the Gulf, will face the largest financial impact and development delays.

Key Takeaways

  1. 1Marriott Q2 Middle East RevPAR plunged 43% due to regional war.
  2. 2Peak season in Q4 poses the biggest risk, representing 35% of annual Middle East revenue.
  3. 3Construction delays in the Middle East will push full-year net room growth to the lower 4.5% guidance bound.

Read original source →

Source: Skift

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