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Business transient RevPAR at Marriott International properties dropped 2% year over year during the first half of 2025, and the company now projects full-year business RevPAR to be “around flat year over year”.

Marriott CFO Leeny Oberg has attributed the business travel slowdown to macroeconomic uncertainty, but the company projects overall fourth-quarter RevPAR to accelerate, due in part to the timing of large events.

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