Marriott reports higher than expected room bookings this quarter

BETHESDA, Maryland: Marriott International surpassed its quarterly revenue and profit estimates, driven by better than expected occupancy levels and higher rates amidst more group travel bookings and longer hotel stays.

After the end of most COVID-19-related restrictions, travelers are spending more on hotels, airplane tickets and car rentals, a trend that has shown no signs of slowing, despite surging inflation