Marriott International Inc. reported a 23% drop in quarterly profit and lowered its view for a crucial metric in the hospitality industry, as growth in the hotel business cools off. Bethesda, Md.-based Marriott—the world’s largest hotel company, with some 7,200 properties—now expects comparable revenue per available room, adjusted for currency fluctuations, at the low end of its guidance of 1% to 2% growth.

Source: Wall Street Journal November 04, 2019 23:40 UTC