Marriott sees slower cash burn as domestic travel recovers - conf call

Marriott ceo says there is still no visibility around when revpar could return to 2019 levels - conf. call.marriott ceo says revpar decline in july slowed to 70%, from 78% in june and 85% in may.marriott ceo says after declining 85% year-over-year in february, revpar in greater china improved to down 34% in july.marriott ceo - at current rate of recovery, assuming no wide resurgence of covid-19, greater china market could approach 2019 occupancy, revpar levels as early as next year.marriott ceo says system-wide n.america revpar continued to improve in july to y-o-y decline of 69%, which is 7 percent points better than june.marriott ceo says expects "solid leisure demand" will continue through labor day in north america.marriott ceo says expects "solid leisure demand" in north america could continue into the fall as employers & schools alike operate remotely.marriott ceo says business transient & group demand in north america while lagging are showing very early signs of improvement.marriott ceo says group bookings, outside of those associated with co's caregiver & first responder programs, tend to be mostly smaller ones.marriott ceo says year-to-date, have signed 30% more deals in asia pacific than we did in first half of 2019.marriott ceo says still expect some openings will be delayed due to slower construction time lines & supply chain issues related to covid-19.
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