Thursday, February 11, 2010

Marriott says tough to predict recovery

NEW YORK, Feb 11 (Reuters) - Marriott International Inc (MAR.N) posted a higher-than-expected quarterly profit but said it would be difficult to predict the pace of recovery for the hotel industry, which has been hurt by tepid business travel.

Business travel is an important step to recovery for Marriott, which relies heavily on corporate demand to help set room rates. Although business travel has improved in recent months, it still remains below levels of 2008 and earlier

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