Lodging Companies Tout Strength of Recovery

HotStats | August 15, 2022

Recent second-quarter earnings reports from the major lodging companies points to a sustained recovery within the global hotel industry. They reported significantly improved results over the first quarter of 2022, with many profitability metrics outpacing those in 2019. Even Marriott International was surprised at the speed of the recovery. “There's no doubt that the recovery has accelerated faster than we had originally anticipated,” said Marriott CFO Leeny Oberg. Marriott’s operating income in the second quarter came in at $950 million, nearly double the $486 million reported the same quarter a year ago. Same with adjusted earni...