Anthony Capuano, chief executive of major US hotel operator Marriott International, said on the 9th that the year-on-year decline in Middle East hotel revenue narrowed sharply in July. Speaking at a conference hosted by Bank of America, he noted that the conflict in the Middle East, which began with US and Israeli strikes on Iran, is continuing and causing delays to development projects. According to Capuano, revenue per available room in the Middle East fell 12% in July from a year earlier, a smaller decline than the company had forecast and a sharp recovery from a 43% drop in the second quarter of 2026. The Middle East accounts for only about 3% of Marriott's global revenue but 6% of its development pipeline, and because supply chain bottlenecks and halted capital inflows caused by the conflict are delaying projects, the company expects net room growth for the full year to come in near the low end of its target. Meanwhile, global room revenue rose 7% in July, led by the United States and Canada, which grew 8%.
Marriott International IncGlobal room revenue rose 7% in July, led by US/Canada up 8%, and Middle East RevPAR decline narrowed to 12% from 43% in Q2.
Bank of America Corp
