1145 ET - Marriott management told Truist analysts they are prepared for the possibility of a recession if it happens since they've already withstood other times of heightened uncertainty. The hotel company plans to provide guidance in its upcoming earnings report, and won't simply pull guidance like it did during uncertainty in 2008 and 2020, Truist analysts say. About 75% of Marriott's business is booked within three weeks of arrival, so they have somewhat limited visibility into the future, they say. "Our sense is that if nothing else we will not see them raise their guidance," the analysts say.(katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 07, 2025 11:45 ET (15:45 GMT)
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