Marriott reports strong Q1 sales, up 5.5%, but lowers 2025 forecast due to weak performance in Greater China.

Marriott International reported strong first-quarter FY24 results, with sales up 5.5% to $6.429 billion, exceeding analysts' expectations. The company saw a 5% global increase in RevPAR, with U.S. and Canada up 4.1% and international markets at 7.2%. Despite these gains, Marriott's forecast for 2025 profit and fee revenue is below estimates, mainly due to weak performance in Greater China, though outbound travel from China to Asia remains strong.

6 weeks ago
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