Seasonal trends impact its business.
Marriott reported a USD 220 million profit for the third quarter, a drop from the USD 422 million profit seen in the second quarter.
The profit was a 4% decrease from the prior year quarter.
Beijing residents get an apology after travel curbs leave some stranded; Hong Kong reportedly in advanced talks with China to open border.
Third quarter revenue totaled $441 million.
Profitability in Asia Pacific hotel markets well below pre-pandemic levels; ITB China 2021 goes fully digital.
If it doesn't connect to a positive impact on the bottom line, it might be nice to have, but it's not a necessity.
Beijing’s gross operating profit per available room (GOPPAR) of US$29.91 was 70% of September 2019 levels.