Marriott International has reopened all its hotels in China and is seeing a steady recovery in the United States, its biggest market, Chief Executive Officer Arne Sorenson said on Monday.
FILE PHOTO: Arne Sorenson, the President and CEO of Marriott, participates in a meeting between U.S. President Donald Trump and tourism industry executives on coronavirus response in the Cabinet Room of the White House in Washington, U.S., March 17, 2020. REUTERS/Leah Millis
Shares of the hotel operator, which owns the Ritz-Carlton and St. Regis luxury brands, rose as much as 8.1% to $95.64 in afternoon trading after Sorenson said the occupancy rate in China was 40% currently, up from 7% to 8% in February, when COVID-19 started spreading.
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