Marriott International (MAR) said Thursday it expects Q4 growth in revenue per available room, or RevPAR, to be on the lower end of its recent guidance range of 1% to 2% year over year, according to a FactSet transcript.
The revised expectation was due to government cutbacks and uncertainty due to the government shutdown in the US, Marriott CFO Leeny Oberg said in a Barclays conference on Thursday.
Price: 300.88, Change: -5.77, Percent Change: -1.88
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