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Marriott's 2025 profit forecast falls short of expectations on China performance
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Marriott's 2025 profit forecast falls short of expectations on China performance
Feb 11, 2025 4:39 AM

(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.

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