Arne M. Sorenson – Marriott International, Inc. Europe hotels benefitting from greater US demand “our Europe hotels are benefiting from improving economic growth and greater U.S. demand, driven by the stronger dollar. As a result, Europe’s RevPAR rose 7% on … Continued
Arne M. Sorenson – Marriott International, Inc. *Home sharing phenomenon has been less impactful than imagined “You know, it’s a good question, Ryan. I think, the answer is that Airbnb and the home-sharing phenomenon has probably been less impactful to … Continued
Arne M. Sorenson Continue to expect steady as she goes in NA “Looking ahead to 2017, we continue to expect a steady-as-she-goes economy in North America. For the 2017 full year, North America group revenue pace for company-operated full-service hotels … Continued
Marriott International (MAR) Q3 2016 Results NA demand continues to moderate “Clearly, North American demand growth continues to moderate. In the third quarter, hotels with the weakest RevPAR were generally in oil and gas markets, or in gateway cities affected … Continued
Marriott’s (MAR) CEO Arne Sorenson Q2 2016 Results Received regulatory clearance for starwood from everyone except China so far “The big news this year for Marriott is the Starwood Acquisition. As you know we have received all of the necessary … Continued
Arne Sorenson We think we can accelerate unit growth “On Unit Growth Opportunity, we think there are a number of places where we can accelerate growth in the Starwood portfolio, first we should commend the Starwood team for the growth … Continued
Acquired Starwood “the biggest Marriott news in 2015 was our announced acquisition of Starwood. The transaction is on track and we expect to close around mid-year 2016.” Not going to try to put everyone on the same property management systems … Continued
Now offering Netflix in room “Speaking of entertainment, as of the second quarter, we were the first hotel company to offer Netflix programming in our guest rooms. Our collaboration with Netflix reflects changing consumer preferences in how guests want to … Continued
This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. The quotes are generally pieces of information that I find interesting or … Continued