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$MAR's system-wide North America RevPAR grew 5% in Oct., roughly 4% in Nov. and just under 3% in Dec. The company believes it was the modest growth in GDP in 4Q15 that constrained its transient business, particularly premium-rated business. Houston system-wide RevPar fell 8% in the quarter reflecting weakness in the energy sector.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.