Marriott International Inc., The World’s Largest Hotel Company, Posted Weaker Than Expected Revenue Growth

Marriott, the parent of hotel brands including Ritz-Carlton, Westin and Renaissance, said Friday that comparable systemwide revenue per available room rose 1.1% excluding currency fluctuations in the first quarter. RevPAR, which reflects pricing power, grew at a faster pace outside North America than it did on the continent, but both regions still missed Marriott’s outlook […]

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