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Within the United States, the world’s largest hotel brand Marriott is seeing occupancy rates rise as the travel industry begins to inch toward recovery, surpassing 20% among its open properties.
“Crossing over 20% occupancy is a meaningful improvement from where we were before, but it is a long way from where we need to get to,” Marriott International president and CEO Arne Sorenson said today at a travel conference hosted by Goldman Sachs.
That uptick is similar to the
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