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Marriott raises annual room revenue growth forecast

Reuters
Marriott raises annual room revenue growth forecast

Nov 2 (Reuters) - ‌Hotel operator Marriott International ​raised ‌its full-year room ‌revenue growth forecast on ‌Monday, betting that strong travel demand would drive ⁠bookings across ‌its properties.

The Bethesda, ⁠Maryland-based company expects ​2026 revenue per available room (revPAR) - ​a key ​lodging ‌metric that tracks ​average ⁠daily rate and ‌occupancy - to ​grow ​between 4.5% and 5%, compared with its prior ‌forecast of a 3% ‌to 3.5% ​increase.

(Reporting by Anshuman Tripathy in Bengaluru; Editing ‌by Devika Syamnath)