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After riding the revenge-travel boom, hotel operators Hilton Worldwide Holdings Inc. and Marriott International Inc. now face the prospect of a broader recession that could threaten business in Europe as well as fee income, Citigroup analysts said.
Analysts at the firm downgraded both Hilton HLT and Marriott MAR to neutral from buy in a note late Tuesday. Shares of Hilton finished 1.5% lower on Wednesday. Marriott lost 2.3%.
The…
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