Reported about 12 hours ago
Marriott International has revised its full-year forecast for 2025, predicting slower net room growth and profit below Wall Street expectations, primarily due to declining performance in Greater China. The hotel operator anticipates adjusted profits of $9.82 to $10.19 per share, falling short of the $10.65 expected by analysts. Domestic travel demand in China has weakened amid economic concerns, leading to a 1.7% decline in room revenue in the region, while global net room growth is expected to slow to 4-5%. However, Marriott's quarterly revenue surpassed estimates, showing strong performance in the Asia-Pacific region outside China.
Source: YAHOO