Biggest Hotel Company Increases Forecast for Room Revenue

US travel is getting better after a tough year. People are traveling more. Airlines are also doing well.

Marriott is hopeful about international travel due to the FIFA World Cup.

Marriott expects revenue per room to grow 2-3% in 2026. This is higher than their earlier forecast. The company's shares went up 2%.

The CEO said people still want to travel and have experiences, even if they have less money.

Marriott's budget hotels did better in the first quarter. Luxury hotels in the US and Canada also did well.

Marriott made more money than expected, with a profit of $2.72 per share.

The conflict in the Middle East could make travel more expensive and hurt spending.

Marriott said the conflict will still affect them, like it did their competitors Hilton and Booking Holdings.

An analyst said Marriott has the most exposure to the Middle East, about 4%.

Room revenue in the Middle East and Africa went down 1.9% in the first quarter.

Marriott's new CFO said bookings are getting better after a low point in March.

US travel bookings are back to normal after the conflict.

COPYRIGHT DISCLAIMERS

4English does not own the rights to this content. All rights belong to the owner. 4English only uses this content to help users learn English via the app's features. Contact to request the removal of your content: contact@4englishapp.com.

श्रवण अभ्यास

श्रवण अभ्यास