Marriott cuts current-quarter forecast on weak North America demand

FILE PHOTO - A woman on a mobile phone walks past a Marriott hotel in Hangzhou, Zhejiang province, China January 11, 2018. REUTERS/Stringer

(Reuters) – U.S. hotel chain Marriott International Inc on Monday cut its fourth-quarter forecast for a key measure of hotel health, blaming uncertainty related to weak demand in North America, its biggest market. Marriott’s shares fell 4.4 percent, overshadowing a higher-than-expected third quarter profit. Marriott, which owns the Ritz-Carlton and St. Regis luxury hotel brands, […]

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