12 July 2012
Marriott 2nd-qtr profit rises, but worries about overseas, luxury hotels remain | washingtonpost.com
Marriott International Inc. is betting that it can grow earnings this year through higher bookings and rates despite slowing growth overseas. The Bethesda, Md., hotel company raised its profit expectation for the full year but reined in its prediction for fees for extras like Wi-Fi. It also says demand growth is slowing in the Middle East and in Asia, where economic growth is weakening. It’s particularly concerned about demand for higher-end hotels.
