Marriott Sees Higher Corp. Rates, Shifting Booking Patterns

Marriott International late last week said more than 85 percent of managed North American properties are quoting higher rates than last year, with more than 55 percent raising corporate rates by at least 10 percent. Among the 15 percent of properties that have failed to raise rates, most are in the South Central or Midwest regions, said executive vice president and CFO Arne Sorenson.