2024-05-01 09:21:52 ET
Sluggish room revenue in the U.S. is weighing on shares of Marriott ( NASDAQ: MAR ) after the hotel operator said RevPAR in the U.S. and Canada increased by just 1.5% in the latest quarter compared to an 11.1% increase in international markets. However, the encouraging pace of growth for international travel prompted the company to increase its full-year earnings guidance, mitigating losses to the stock in premarket trade....
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Sluggish domestic travel weighs on Marriott