Room-nights were down about 43% in April compared with 2019 levels, he said, which was an improvement from March. The rebound was being led by domestic travel.
The deal, by the San Manuel Bank of Mission Indians, will mark the biggest Las Vegas purchase by a Native Indian tribe.
For Marriott, as for much of the travel industry, things are turning up, and pockets of opportunity are becoming clearer.
The deal will give the combined entity an enterprise value of about $2.2 billion.