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NEW YORK — Marriott International Inc. will let investors know on Wednesday if it is seeing any signs of recovery when it reports its third-quarter results after the stock market closes.
The hotel owner and operator, like many of its peers, has felt the pressure of the weak economy as business and leisure travelers cut back. To fill empty rooms, many chains dramatically slashed prices and is hoping to see signs that travelers are venturing out more to increase demand.
Analysts polled by Thomson Reuters expect Marriott to earn 22 cents per share on revenue of $2.66 billion.
Bethesda, Md.-based Marriott owns more than 3,400 properties worldwide.
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