May 6 (Reuters) - Marriott International ( MAR ) trimmed
its 2025 room revenue forecast and projected second-quarter
profit below Wall Street expectations on Tuesday, as the U.S.
hotel operator braces for slowing travel demand.
The dour forecasts add to recent downbeat comments from
travel-related companies as consumers rein in discretionary
spending amid rising risks of a recession following U.S.
President Donald Trump's erratic trade policy.
Marriott ( MAR ) expects full-year room revenue growth of 1.5% to
3.5% for the year, compared with 2% to 4% it forecast earlier.
Last week, rival Hilton cut its forecast for room
revenue growth, while vacation rental company Airbnb ( ABNB )
said the booking window was shortening, signaling consumer
uncertainty and caution in travel spending.
Marriott ( MAR ), which owns brands including Sheraton and
Courtyard, expects second-quarter adjusted profit of $2.57 to
$2.62 per share, below analysts' estimates of $2.68.
The Ritz Carlton parent said while it saw slower growth in
revenue per available room (RevPAR) in the U.S. and Canada in
March, room revenue in the region for the quarter was still up
3%.
Excluding items, first-quarter profit of $2.32 per share
beat estimates of $2.25, according to data compiled by LSEG.
The company posted quarterly revenue of $6.26 billion, up 5%
from last year. Analysts on average were expecting revenue of
$6.17 billion.