Shares of the hotel operator, which owns the Ritz-Carlton and St. Regis luxury brands, rose as much as 8.1% to $95.64 in afternoon trading after Sorenson said the occupancy rate in China was 40% currently, up from 7% to 8% in February, when COVID-19 started spreading. In the United States, Marriott’s hotels that remained open crossed the 20% occupancy threshold and continue to see an improvement, Sorenson said. …read more
Source:: Yahoo Finance
