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‘We are firing on all cylinders': Marriott CEO says business is solid despite corporate layoffs

CNBC
Summary
Nutrition label

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.

VR Score

87

Informative language

85

Neutral language

76

Article tone

formal

Language

English

Language complexity

51

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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