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Marriott poised for relief in NYC with construction surge easing

Thursday, August 10, 2017 - 05:50

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Marriott says that Q2 adjusted earnings per diluted share rose 35% and worldwide revenue per available room rose 2.2%.

Seattle

THE supply surge that's kept New York hotel room rates from rising for two and a half years may be starting to ease. That's good news for operators including Marriott International Inc as the industry's fight with Airbnb in the priciest US lodging market turns ugly.

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