Business Travel Is Recovering, Marriott Says—Just Not at the Start of the Week
1. Business travel nearly at pre-pandemic levels; weekdays lag behind. 2. Occupancy levels higher than 2019 except for early week nights. 3. Large corporates still lag in business travel recovery compared to smaller firms. 4. Q4 RevPAR increased 5% YoY, above expectations but room growth outlook soft. 5. Shares fell 5% after announcing lukewarm outlook for growth and profit.