Arne Sorenson, President & COO of Marriott International, reported in a live interview this morning that Marriott International completed the spin-off of their timeshare business into an independent public company.
He further speaks about hotel demand both in the United States and abroad. Sorenson says demand in the States continues to be strong and occupancy is almost back to 2007 peak levels and reports rates are coming back, noting Luxury rates in Ritz Carlton are raging back!
I hope you enjoy this 7 minute interview with Arne.
Click on the image above to view or use this link:
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Frank M. Speranza