Hope amidst crisis, Marriott to reopen the closed properties in China

Marriott is the world’s largest hotel operator with 800 properties in the Asia Pacific region and roughly half in Greater China. 

 Marriott had 375 properties, with roughly 122,000 rooms, across Greater China at the end of 2019, representing 9% of its total global rooms.

About 90 properties closed in China due to the global spread of coronavirus but are already seeing positive signs of a return to normal

Marriott began to see the impact of the coronavirus on business in mid-January with occupancy declines gradually, spreading from Wuhan to other markets in the Asia-Pacific region.

In February, RevPAR in Greater China declined almost 90%, versus the same period last year and in the Asia-Pacific region outside Greater China, it declined roughly 25%, year-over-year.