Record First Quarter Global Signings
Development activity remained robust, with record first quarter global signings, and net rooms grew 4.6% over the trailing 12 months through March.
Global RevPAR Growth
First quarter global RevPAR rose 4.1%, with ADR increasing 3% and occupancy rising 1 percentage point. APAC's first quarter RevPAR rose 11%, driven by strong ADR growth and higher demand from international guests.
Strong Performance in Group Segment
Group RevPAR rose 8% both globally and in the U.S. in the first quarter, with growth driven by ADR increases.
Marriott Bonvoy Growth
Marriott Bonvoy loyalty program had nearly 237 million members at the end of March, with member penetration reaching a record of 68% of room nights globally.
CitizenM Acquisition
Marriott announced the acquisition of citizenM, adding over 8,500 open rooms and 600 pipeline rooms to its system.