Marriott International released its second-quarter financial report, reporting a Q2 revenue of USD 6.08 billion, up by 14% year-on-year, surpassing analyst expectations. The net income for the quarter reached USD 726 million, a 7% year-on-year rise.
In the second quarter, Marriott's systemwide RevPAR increased by 13.5% compared to the same period last year. Benefiting from the recovery of the Chinese market, international hotel room revenue rose by 39%. Due to the strong performance, Marriott raised its full-year expectations for the year.
Greater China, considered Marriott's second-largest market, posted a nearly USD 85 RevPAR in the second quarter of this year, more than doubling the growth compared to the same period last year, representing a 125% increase. The Q2 occupancy rate in Greater China was 68.5%, an increase of over 28 percentage points year-on-year.