(Reuters) -Hotel operator Marriott International ( MAR ) forecast 2025 profit below Wall Street estimates on Tuesday, hurt by poor performance at its hotels in Greater China, sending shares down 1.6% in premarket trading.
Marriott ( MAR ) forecast a full-year adjusted profit of $9.82 to $10.19 per share, below analysts' expectations of $10.65 apiece, data compiled by LSEG showed.
Domestic travel demand in China has been pressured as people tighten their purse strings due to poor macroeconomic conditions in the world's second-largest economy and worries over wage and job security. During the fourth quarter, room revenue in Greater China declined 1.8%.
Marriott ( MAR ) posted a quarterly revenue of $6.43 billion, compared with analysts' average estimate of $6.38 billion, according to data compiled by LSEG.