1139 ET - Marriott International CEO Tony Capuano says on a call with analysts that the U.S. and Canada had their best quarterly growth in revenue per available room, or RevPAR, for the year during 4Q, up 4% on higher average daily rates. "The drop in occupancy around November's U.S. election was not as severe as we had anticipated," he says. International RevPAR grew 7% during the recent quarter thanks to higher prices and occupancy. The increase, Capuano says, was led by strong growth in Japan, India and Thailand, in addition to strong leisure demand across Europe. Shares slip 6% as Marriott's outlook underwhelms. (connor.hart@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 11:39 ET (16:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.