Marriott's RevPar Up, China Slows
This is a China news story, published by CNBC, that relates primarily to Anthony Capuano news.
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•‘We are firing on all cylinders': Marriott CEO says business is solid despite corporate layoffs
86% Informative
Marriott CEO Anthony Capuano said he does not believe lackluster domestic demand in China will be a long-term problem.
The company's third-quarter earnings showed a 3% increase in worldwide RevPar — or revenue per available room — despite an 8% drop in RevPar in China , the company's second largest market.
Corporate layoffs are estimated to save the company $80 million to $90 million per year.
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