Marriott sees hope in China's recovery after company's worst quarter in history

While Marriott International Inc. (NASDAQ: MAR) saw its worst earnings performance in the company's nearly 100-year history during the second quarter, vastly improved occupancy and demand in China slightly buoyed what were dismal systemwide revenue numbers. Marriott CEO Arne Sorenson told investors during a Monday call he believes the worst of the pandemic is behind the company, although he could not say if 2019 demand levels would return in 2021. In the second quarter, the Bethesda hospitality…