Reported 1 day ago
Marriott International's CFO, Leeny Oberg, announced that the company anticipates a continued decrease in U.S. government bookings, leading to a reduction in its projected RevPAR growth for the year from 2%-4% to 1.5%-3.5%. Despite a positive first-quarter performance with adjusted earnings exceeding analyst expectations, the overall outlook reflects softer expectations for U.S. and Canada due to a 10% decline in U.S. government demand.
Source: YAHOO