Marriott International Expands into Affordable Midscale Segment with Acquisition of the City Express Brand Portfolio

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Marriott (MAR) earnings boosted by the lifting of Covid restrictions in China, raises FY profit guidance

May 2, 2023 8:04 AM EDT

Marriott (NASDAQ: MAR) shares are up premarket Tuesday after the company beat first-quarter earnings and guidance expectations.

Solid demand and the lifting of travel restrictions throughout the Asia Pacific region, particularly in Greater China, significantly boosted the company's results.

The hotel company... More