Marriott International’s 2020 Q1 results were dramatically impacted by the COVID‐19 global pandemic, even though January saw good results everywhere outside Greater China.
As the virus spread, RevPAR fell sharply worldwide, in April by approximately 90%. Currently, around a quarter of its hotels are closed globally.
However, results began improving in China with occupancy reaching 25% in April, up from less than 10 percent in mid‐February 2020.
The number of rooms signed during Q1 was in line with the same quarter last year, and the development pipeline grew to nearly 516,000 rooms, 45% under construction.