Monthly Archives: February 2014

ADR continues to fall Average daily rate in the Asia/Pacific region continued to trend downward, and now demand has softened as well. Hotels in the Asia/Pacific region experienced mixed results in the three key performance metrics during December 2013 when reported in U.S. dollars, according to data compiled by STR Global. The region’s occupancy for December remained flat.
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Marriott International signed a record number of rooms during the fourth quarter and the company’s global development pace is not showing signs of slowing. There was a time not long ago when some felt Marriott International’s portfolio growth was unsustainable, the company’s President and CEO Arne Sorenson told analysts Thursday during an earnings call. The company.
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