10:48 AM EDT, 05/06/2025 (MT Newswires) -- Marriott ( MAR ) tempered its full-year room revenue guidance amid slower-than-projected growth in the US and Canada, while the hotel giant's first-quarter results topped analysts' views.

The company now expects global comparable systemwide revenue per available room, or revPAR, to grow 1.5% to 3.5% from last year, compared with its prior growth outlook of 2% to 4%. Marriott ( MAR ) continues to expect 2025 adjusted per-share earnings of $9.82 to $10.19. The consensus on FactSet is for non-GAAP EPS to rise to $10.14 from last year's $9.33.

"Our update incorporates lower than previously anticipated revPAR growth in the US and Canada region for the second through fourth quarters of the year," Chief Financial Officer Leeny Oberg said during an earnings, according to a FactSet transcript. "This is primarily due to an expected continuation of declines in US government demand."

For the ongoing quarter, revPAR is projected to grow 1.5% to 2.5%, slowing sequentially following 4.1% annual growth in the March period. The company expects adjusted EPS of $2.57 to $2.62. Analysts are looking for non-GAAP EPS of $2.68.

Adjusted EPS rose to $2.32 for the March quarter from $2.13 a year earlier and surpassed the consensus of $2.25. Revenue grew 5% year on year to $6.26 billion, above analysts' $6.19 billion estimate. RevPAR in the US and Canada increased 3.3%, while international markets improved by 5.9%.

"We reported strong first-quarter results this morning despite an uncertain macroeconomic environment, and each of our regions outperformed our expectations," Chief Executive Anthony Capuano told analysts on the call. "Our global signings have been excellent so far this year, despite uncertainty around construction costs and the challenging financing environment in the US and Europe."

Marriott's ( MAR ) shares were up 2.4% intraday. The stock has fallen 9.3% so far this year.

Marriott ( MAR ) last week announced a deal to acquire hotel chain CitizenM for $355 million in a move that is expected to expand the former's select-service and lifestyle lodging offerings.

The CitizenM global portfolio consists of 36 open hotels across more than 20 cities in the US, Europe, and Asia Pacific, Marriott ( MAR ) said on April 28. Three CitizenM hotels under construction are scheduled to open next year.

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