2. J.W. Marriott, Jr., chairman and chief executive officer of Marriott International, said, "In the first quarter we welcomed increasing numbers of business guests to our hotels as travelers got back to work in most markets around the world . Corporate roomnights for the Marriott Hotels & Resort brand in North America rose 16 percent in the first quarter as business demand strengthened dramatically. At the same time, leisure demand remained solid as vacationers continued to find memorable holiday experiences and good values. While first quarter room rates were generally lower than last year, as occupancy levels continue to improve, we see higher room rates on the horizon. In fact, we anticipate that North American systemwide REVPAR will increase by 3 to 6 percent for the full year 2010 with higher room rates by year end . International demand trends are even stronger . We expect REVPAR outside North America will increase 4 to 7 percent on a constant dollar basis in 2010 reflecting strong demand in Europe, South America and Marriott Corporation -1 st Quarter 2010 Highlights
3. Comparable Systemwide North American Properties(1) ------------------------------------------------- Twelve Weeks Ended March 26, 2010 and March 27, 2009 ------------------------------------------------ REVPAR Occupancy ------ --------- vs. vs. Brand 2010 2009 2010 2009 ----- ---- ---- ---- ---- Marriott Hotels & Resorts $89.79 -1.0% 63.5% 3.9% pts. Renaissance Hotels $87.78 -2.2% 63.6% 4.7% pts. Composite North American Full- Service(2) $89.43 -1.2% 63.5% 4.1% pts. The Ritz-Carlton(3) $193.68 2.5% 64.2% 6.8% pts. Composite North American Full-Service & Luxury(4) $94.31 -0.9% 63.5% 4.2% pts. Residence Inn $78.22 -0.8% 70.6% 4.3% pts. Courtyard $66.99 -2.9% 61.4% 2.4% pts. Fairfield Inn & Suites $46.59 -3.9% 56.4% 0.9% pts. TownePlace Suites $49.27 -4.5% 61.3% 3.4% pts. SpringHill Suites $58.95 -4.4% 61.1% 2.6% pts. Composite North American Limited- Service(5) $64.15 -2.6% 62.8% 2.7% pts. Composite - All(6) $75.63 -1.8% 63.0% 3.3% pts. Luxury Segment (Ritz Carlton) Moderate Priced Hotels ( Fairfield Inn – TownPlace Suites ) Marriott International 1 st Quarter 2010 Current Lodging Industry Performance (Results by Brand) North American Properties
4. Twelve Weeks Ended March 26, 2010 and March 27, 2009 ------------------------------------------------ REVPAR Occupancy ------ --------- vs. vs. Brand 2010 2009 2010 2009 The Ritz-Carlton(3) $193.68 2.5% 64.2% 6.8% pts. Luxury Brand Ritz-Carlton saw improvement in both rev par and occupancy compared with 1 st quarter 2009.
5. Twelve Weeks Ended March 26, 2010 and March 27, 2009 ------------------------------------------------ REVPAR Occupancy ------ --------- vs. vs. Brand 2010 2009 2010 2009 Fairfield Inn & Suites $46.59 -3.9% 56.4% 0.9% pts. TownePlace Suites $49.27 -4.5% 61.3% 3.4% pts. Moderate priced brands (Fairfield Inn and TownePlace Suites had lower rates and rev par with slight increases in occupancy.
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7. Lodging Trends Blog Highlights from recent postings can be found at the St. Croix Hotel Blog. Click the link below to catch the trends or offer your comments. www.stcroixhotels.blogspot.com