Marriott International (NAS:MAR) Average Occupancy Rate %

: 65.30% (As of Mar. 2023)

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Average Occupancy Rate % is the percentage of occupied rooms in the property at a given time. It measures the ratio of occupied to total usable rental space. For hotel hospitality industry, a higher occupancy rate is better.

Marriott International's Average Occupancy Rate % for the quarter that ended in Mar. 2023 was 65.30% , which is higher than 64.50% for the pervious quarter ended in Dec. 2022.

Marriott International's Average Occupancy Rate % for the annual that ended in Dec. 2022 was 64.00% , which is higher than 51.30% for the pervious year ended in Dec. 2021.

The historical rank and industry rank for Marriott International's Average Occupancy Rate % or its related term are showing as below:

MAR's Average Occupancy Rate % is not ranked ^*
in the Travel & Leisure industry.
Industry Median:
* Ranked among companies with meaningful Average Occupancy Rate % only.

Marriott International Average Occupancy Rate % Historical Data

The historical data trend for Marriott International's Average Occupancy Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Marriott International Annual Data

Trend

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Average Occupancy Rate %

Marriott InternationalQuarterly Data

Trend

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Average Occupancy Rate %

Competitive Comparison

For the Lodging subindustry, Marriott International's Average Occupancy Rate %, along with its competitors' market caps and Average Occupancy Rate % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Marriott International (NAS:MAR) Average Occupancy Rate % Calculation

Average Occupancy Rate % is calculated as

Average Occupancy Rate %

Number of Occupied Rooms

Number of Available Rooms

100%

Marriott International (NAS:MAR) Average Occupancy Rate % Explanation

Average Occupancy Rate % is the percentage of occupied rooms to the total amount of available rooms in the hotel at a given time. It is one of the most high-level indicators of the hotel business, providing an indication of anticipated cash flows.

For hotel business, a higher occupancy rate is better. Hotels with low occupancy rates often have worse profitability than similar properties with high occupancy rates, since they have to spend time and money to find additional guests and face the risk of not making money but still having to pay maintenance costs and taxes. In some cases, a low occupancy rate indicates inefficient hotel management.

Applying length of stay (LOS) restrictions is the best way to increase the occupancy rate. Hotels can also improve their occupancy rate by improving the service or investing in advertisement. However, the occupancy rate is also decided by the location of the hotel and the season.

Marriott International Average Occupancy Rate % Related Terms

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Marriott International (NAS:MAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Marriott International Inc (NAS:MAR) » Definitions » Average Occupancy Rate %

Comparable Companies

Traded in Other Exchanges

MAR:Mexico MAQ:Germany MAR:Austria

Address

10400 Fernwood Road, Bethesda, MD, USA, 20817

Website

https://www.marriott.com

Marriott operates about 1.5 million rooms across roughly 30 brands. At the end of 2021, luxury represented 10% of total rooms, while full service, limited service, and time-shares were 43%, 46%, and 2% of all units, respectively. Marriott, Courtyard, and Sheraton are the largest brands, while Autograph, Tribute, Moxy, Aloft, and Element are newer lifestyle brands. Managed and franchised represent 97% of total rooms. North America makes up two thirds of total rooms. Managed, franchise, and incentive fees represent the vast majority of revenue and profitability for the company.

Executives

Isabella D Goren	director	C/O LYONDELLBASELL INDUSTRIES N V, DELFTSEPLEIN 27E, ROTTERDAM P7 3013AA
Benjamin T. Breland	officer: EVP & Chief HR Officer	10400 FERNWOOD ROAD, BETHESDA MD 20817
Horacio Rozanski	director	8283 GREENSBORO DRIVE, MCLEAN VA 22102
Felitia Lee	officer: Controller and CAO	10400 FERNWOOD ROAD, BETHESDA MD 20817
Margaret M Mccarthy	director	AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
William P Brown	officer: Pres. & Managing Dir., Europe	10400 FERNWOOD ROAD, BETHESDA MD 20817
Rena Hozore Reiss	officer: EVP & General Counsel	71 SOUTH WACKER DRIVE, 12TH FLOOR, CHICAGO IL 60606
Bruce W Duncan	director	ONE NORTH WACKER DRIVE, SUITE 4200, CHICAGO IL 60606
Eric Hippeau	director	STARWOOD HOTELS & RESORTS WORLDWIDE, 44 SOUTH BROADWAY, WHITE PLAINS NY 10601
Aylwin B Lewis	director	111 N. CANAL, SUITE 850, CHICAGO IL 60606
Kathleen K. Oberg	officer: CFO	10400 FERNWOOD ROAD, BETHESDA MD 20817
Craig S. Smith	officer: Pres. Mgn. Dir. Asia Pacific	10400 FERNWOOD ROAD, BETHESDA MD 20817
Susan C Schwab	director	2101 VAN MUNCHING HALL, COLLEGE PARK MD 20742
Juliana B. Marriott Marital Trust	other: Member of a 10% Group	6106 MACARTHER BOULEVARD, SUITE 110, BETHESDA MD 20816
Val Bauduin	officer: Controller & CAO	10400 FERNWOOD ROAD, BETHESDA MD 20817