Why Marriott Sees a Full Hotels Recovery in China in 2021
Photo Credit: Marriott CEO Arne Sorenson said his company's hotels in China (pictured: Beijing) are on track to reach 2019 revenue levels as early as next year. Wikimedia / Morio
Skift Take
If China continues its centralized government's stance of rapid response to coronavirus outbreaks, a full hotel industry recovery there by the end of next year isn't as impossible as it may seem.
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While average occupancy sank below 10 percent across Marriott’s 350 Chinese hotels during the worst of the pandemic, the company has since hit 60 percent occupancy in the ongoing recovery. That has Sorenson optimistic over a swift revenue rebound in China. “We think there’s a real possibility we get back to 2019 levels of revenue as early as next year,” he said last month during a Cvent webinar. “That bodes well and does tell you something about the perseverance of people [and] the resiliency of people to say, ‘We’re going to get back out, and we’re going to take our
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