Marriott’s Fees Jump 14% as Hotel Owners Seek a Bigger Cut

AI Summary

Marriott’s fees rose 14% as hotel owners seek a larger share of the economics from the hotel group. The company said discussions with owners have been constructive, with stronger profit growth helping keep negotiations amicable.

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.