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Marriott Returns to Profitability as It Sheds Costs

Marriott Returns to Profitability as It Sheds Costs

Marriott International Inc. returned to profitability in the latest quarter as it halved its spending and travel demand improved from lows earlier in

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Marriott International Inc. returned to profitability in the latest quarter as it halved its spending and travel demand improved from lows earlier in the pandemic.

“While Covid-19 is still significantly impacting our business, our results for the third quarter showed continued improvement in demand trends around the world,” Chief Executive Arne Sorenson said Friday.

The…

This post first appeared on wsj.com

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