A dip in North America revenues has prompted Marriott to slightly lower its forecast. Marriott, the parent company of brands Westin, Ritz-Carlton and Renaissance, said it had previously forecasted its comparable systemwide revenue per available room (RevPAR) at between 3 and 4 percent, but has lowered it closer to 3 percent, following a weaker than expected third quarter, according to the Wall Street Journal. The forecast, described during a during an analyst conference call Tuesday, […]
source https://therealdeal.com/2018/11/07/dip-in-us-revenue-prompts-shorter-forecast-for-marriott/
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