financeasianhospitality.com··1 min·For: Investor, Owner, GM, Revenue
Marriott Lifts Full-Year Outlook on 6.5% Q3 RevPAR Growth
Marriott International raised its full-year earnings and RevPAR forecast following strong Q3 results, driven by higher room rates, occupancy gains, and a record development pipeline.
Key Takeaways
- 1Worldwide RevPAR rose 6.5% in Q3, led by 7.4% growth across the U.S. and Canada.
- 2Development pipeline expanded to a record 634,000-plus rooms across 4,209 properties.
- 3Full-year adjusted EPS guidance was increased to between $12.07 and $12.14.
Source: asianhospitality.com
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