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Stock impact report

Hotel owner IHG says business travel returning after busy summer season [Reuters]

Marriott International - Class A (MAR) 
Last marriott international - class a earnings: 2/26 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/mar
Company Research Source: Reuters
the United States as the Holiday Inn owner's room revenue inches closer to pre-pandemic levels. A general view of an Intercontinental Hotel at the O2 ahead of Q3 2020 InterContinental Hotels Group PLC Trading Statement Release, in London, Britain October 20, 2020. REUTERS/Matthew Childs The owner of the Crowne Plaza, Regent and Hualuxe hotel chains said hotel room revenue (RevPAR), a key performance indicator, rose 66% in the third quarter, with the United States down just 7% from 2019 levels after a busy summer season. “Domestic leisure demand was particularly strong in a number of markets over the summer, where occupancy and rate climbed back to 2019 levels,” Chief Executive Officer Keith Barr said. IHG said it was encouraged by signs of an uplift in business travel, group bookings and international trips during September. Companies in the travel and hospitality industry around the world are recovering from the pandemic, as higher vaccination rates and an easing in restric Show less Read more
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