(AOF) – Marriott is expected to fall in pre-market trading on Wall Street after the presentation of its fourth quarter results. The American hotel chain expects 2024 annual adjusted earnings per share to be between $9.18 and $9.52, while analysts expected $9.69. RevPAR (revenue per available room) increased 7.2% in the fourth quarter year-over-year globally, and 15% year-over-year, driven in particular by higher room rates and performance registered in China.
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Global tourism still on the rise
Over the first nine months of 2022, 700 million tourists traveled internationally, more than double (+133%) the figure recorded for the same period in 2021. This figure reached 63% of 2019 levels , which should allow the sector to reach 65% of its pre-pandemic levels in 2022. This result is due to a high level of demand and the gradual lifting of restrictions in a large number of countries. Europe is significantly supporting this rebound with the arrival of 477 million people between January and September 2022 (68% of the global total), reaching 81% of the pre-covid level. Tourism there is driven by strong intra-regional demand and travel from the United States. Some destinations saw notable increases in revenue, including Serbia, Romania, Turkey, Latvia, Portugal, Pakistan, Mexico, Morocco and France.