Marriott Global pulled back again on enhancement of new inns in the U.S. in the 2nd quarter of this 12 months, in accordance to remarks from CEO Arne Sorenson through a convention call with Wall Street analysts. The international resort chain also canceled a on a regular basis scheduled assembly with builders in April.
The business had 510,000 full rooms in its pipeline, which includes 28,000 authorised in the quarter, down from 516,000 rooms a quarter previously. Sorenson stated a variety of promotions have been place on maintain owing to developers’ uncertainty more than COVID-19.
“Even if the