(Reuters) - For the second straight quarter, Marriott lowered its forecast for revenue per available room, or revpar -- a key measure of hotel performance -- from its hotels in North America. The lowered forecast reinforced concerns about a slowdown in its home market.
"Marriott's second top-line revision for 2007 offers one more support to our view that trends in the US are decelerating at a faster-than-expected clip," Goldman Sachs analyst Steven Kent said in note.
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"Marriott's second top-line revision for 2007 offers one more support to our view that trends in the US are decelerating at a faster-than-expected clip," Goldman Sachs analyst Steven Kent said in note.
Read more at Reuters.com Hot Stocks News
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