Marriott International’s first-quarter profit jumped 31% from a year earlier, benefiting from increased revenue per available room (REVPAR) in all regions, except Europe.
Net income rose to $136 million from $104 million a year earlier. Revenue increased 23% to $3.14 billion.
Worldwide RevPAR advanced 4.6% from a year earlier, primarily on room-rate increases, Marriott said.
North America RevPAR rose 4.8%, with RevPAR at full-service brands (including Marriott, JW Marriott, Renaissance and Ritz-Carlton) advancing 5.5%. Ritz-Carlton’s RevPAR was up 9% in North America, Marriott CEO Arne Sorenson said on a conference call with analysts.
RevPAR in the Middle East-Africa and Caribbean-Latin America regions rose 11% and 6.1%, respectively, offsetting the effects of a 1.8% RevPAR decline in Europe. Mexico’s RevPAR jumped almost 16% from a year earlier. Asia-Pacific RevPAR was up 3.3%.
Marriott said it had a first-quarter net gain of about 3,000 rooms worldwide.
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