HomeIndustriesMarriott Projects Revenue Growth Amid Resilient Travel Demand

Marriott Projects Revenue Growth Amid Resilient Travel Demand

Marriott International forecasted on Wednesday that 3% to 6% growth in its annualized global revenue per available room for the two years ending 2025 as the hotel group expects the boom in international travel demand to continue. This comes after the company raised its annual profit outlook in August on the back of pricier rooms and expectations of sustained travel demand.

With the company’s analysts set to meet later on Wednesday, Marriott claimed that its adjusted earnings per share could rise between 25% and 29% in 2023 from the previous year. Two-year annualized growth of 10% to 15% is expected leading up to 2025. Total gross fee revenue could increase between 16% and 18% in 2023, while the two-year annualized growth rate is projected to be between 6.5% and 9.5%.

International travel has been on a constant recovery since the easing of pandemic restrictions. Flexible work arrangements have also been sustained since the pandemic, meaning that more tourists have the flexibility to travel, even if they work some of the time while abroad.

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