Marriott International’s business transient revenue per available room (RevPAR) in the third quarter held steady year over year, according to Anthony Capuano, CEO, speaking on an earnings call. He said there was “hesitancy” among small and midsized businesses around business travel.
RevPAR from government travel fell 15% year over year as a result of the government shutdown. Otherwise, said Capuano, business transient RevPAR would have been up 1%.
Among larger companies, said Capuano, Marriott is seeing “pretty encouraging strength.” Leeny Oberg, CFO, said that with large corporate accounts “we did see relatively more weakness in the smaller and medium-sized businesses, which as you might imagine has a bit greater impact on our select-service brands.”
Marriott’s overall third quarter US RevPAR declined 0.4% year over year, driven by what Capuano called “declines in select-service brands,” offsetting stronger performance in higher tiers.
At the end of the third quarter, Marriott had about 9,720 properties in its system globally. It added 17,900 net rooms during the quarter. The company’s pipeline at the end of the quarter totaled about 3,900 properties with more than 596,000 rooms.










