Marriott Deals With a Summer Slowdown
The hotel industry is a global powerhouse, but it's still susceptible to the ups and downs of the economic cycle. Even a hotel company as large as Marriott International (NASDAQ: MAR) can't escape economic slowdowns entirely, and as much of the world labors under a variety of financial pressures, Marriott has recently predicted that it would see some negative impacts on its own business from the macroeconomic weakness it's seeing.
Coming into Monday's second-quarter financial report, Marriott investors were prepared for some sluggishness, but they still wanted to see whatever encouraging signs the hotel giant could give them. Marriott wasn't able to reassure investors completely, and the hotelier still expects some tough times ahead.
Image source: Marriott.
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