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Hotel operator Marriott International raised its full year forecast for room revenue growth.
Marriott raised its 2026 room revenue growth forecast to a range of 2% to 3%.
KEY POINTS
- RevPAR in Marriott's U.S. and Canada luxury properties grew 6.8% in the first quarter.
- Marriott's Middle East and Africa revenues fell 1.9%, with occupancy down 5.4% year over year.
- Marriott beat profit expectations with an adjusted $2.72 per share, above the $2.55 estimate.
- Marriott's outlook assumes Middle East conflict and travel disruption will impact the region all year.
COMPANIES
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