The Toronto Marriott City Centre Hotel in the Rogers Centre .
TRENDING : Q1 REPORT
MARRIOTT , LIKE ITS FIERCEST COMPETITOR ,
TEASES NEW BRAND AMID STRONG Q1 PERFORMANCE
By DAVID EISEN
Quarterly earnings calls are traditionally rote and ordinary . A chance for companies to boast about how well their performance was or sugarcoat why it was not .
Back-to-back hotel earnings calls have been anything but standard fare . As Hilton teased the coming of a new extended-stay brand in the lower end of the midscale segment , Marriott would not be outdone . Marriott International CEO Tony Capuano , during the Q & A portion of the company ’ s Q1 earnings call , heralded a forthcoming brand , also in the extended-stay space , focused on price-conscious travelers in the midscale segment . Details , like with Hilton , were scarce , but the product , also like Hilton , will be newbuild and offer basic services that travelers need .
16 hotelsmag . com June 2023