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Marriott’s Fees Jump 14% as Owners Press for a Bigger Share of the Gains

Marriott said that its talks with hotel owners who want a bigger cut of the pie have been "constructive." It's easier for everyone to stay polite about the fee math when profit growth has revived significantly.

Who It Impacts: Hotel owners, franchisees, brand and loyalty execs, and investors weighing brand economics.

What Changed: Marriott forecast revenue per available room would be 4.5% to 5% this year.

What to Watch: Further owner concessions, and whether key money and conversion battles squeeze fee margins.

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