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Marriott posts revenue growth, adjusts outlook

Marriott reported a 4.9% increase in worldwide RevPAR, a 6% YoY net room growth and a 6% rise in total revenue to $6.44 billion for the quarter ending June 30. Despite this, the company adjusted its outlook due to weaker-than-expected performance in China, where RevPAR fell 4% YoY, and concerns about group bookings being impacted by the upcoming US presidential election. Additionally, some travelers appeared to be more cautious about spending on travel.

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