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Marriott International Reports Solid Q1 Results

Marriott International Reports Solid Q1 Results

Marriott International posted a better-than-expected quarterly profit as increased business travel boosted occupancy and allowed the company to raise room rates in North America, Reuters reports. The company said comparable systemwide revenue per available room rose 6.3 percent in North ...

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Year-End Results Show Positive Industry Uptick

Year-End Results Show Positive Industry Uptick

End-of-the-year earnings statements released by major hotel companies show that the industry ended 2013 on a positive note, with gains in RevPAR, occupancy, and ADR. Although some companies saw a drop in fourth-quarter revenues, year-end results for the majority remained ...

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