Marriott rises after lifting 2025 profit forecast

Marriott International

04/11/2025 15:43

** Hotel operator Marriott International's MAR.O shares rise nearly 4% to about $274.4 in morning trading

** Co raises FY profit forecast after Q3 beat as strong demand for luxury stays offset soft sales in budget and select-service hotels

** Weak performance at select-service hotels due to reduced government spending, pullback from cost-conscious Americans

** Meanwhile, economically resilient customers continued to spend on luxury travel

** Sees FY adj profit per share of $9.98 to $10.06, the midpoint of which is higher than its earlier forecast of $9.85 to $10.08

** Expects global net rooms growth in mid single range over next few years

** Posts Q3 adj profit per share of $2.47, above analysts' estimate of $2.39, data compiled by LSEG

** Including session's moves, shares down 1.6% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))