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Marriott higher after revenue beats

Thursday, 1 Aug 2013 | 11:35 AM ET

Arne Sorenson, Marriott International CEO & president, discusses what's pushing shares higher despite a cut in full-year profit forecast. "What we see is the individual business traveler is back on the road" and "families are back taking vacations together," Sorenson added, but near-term he sees some "softness."