Marriott International's U.S. Business Slows After Post-Pandemic Peak
Marriott International(MAR) Investopedia·2024-02-14 03:05
Key TakeawaysMarriott International Inc.'s fourth-quarter revenue missed estimates Tuesday as the post-pandemic travel boom eased.Marriott's North American revenue for the fourth quarter rose 3.3%, while international sales were up 17.4%.Marriott's current-quarter and full-year outlooks were below estimates.At midday Tuesday, Marriott stock was down about 6.3%.Marriott International Inc. (MAR) shares dropped Tuesday as the big hotel chain missed sales forecasts and gave weaker-than-expected guidance amid sl ...