Marriott Stock Slides as 2024 Guidance Disappoints

Key TakeawaysMarriott International lowered the upper end of its 2024 revenue per available room guidance when it reported second-quarter earnings Wednesday.The hotel chain noted a weaker operating environment in China and telegraphed softer expectations in the U.S. and Canada.Shares fell to their lowest level since January. Marriott International’s (MAR) second-quarter results Wednesday came with disappointing revenue per available room (revPAR) guidance, sending the huge hotel company's shares sharply low ...