(Marriott earnings report updated with results.)
BETHESDA, Md. ( TheStreet) -- Marriott International ( MAR) reported a 21.7% jump in quarterly profit but results missed expectations as travel demand in North America slowed.
Marriott CFO Carl Berquist, speaking at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum in Las Vegas last month, said demand in international markets has been strong but that North American revPAR has been less robust than expected, especially in large group hotels in key cities like New York, Atlanta, Orlando and Washington, D.C. Those cautionary words led investors to bid shares of
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