May 6 (Reuters) - Hotel operator Marriott International raised its room revenue growth forecast for 2026 on Wednesday, betting that strong U.S. travel demand would drive bookings for 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 2% and 3%, compared with its prior forecast of a 1.5% to 2.5% increase.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Shilpi Majumdar)
Marriott International, Inc. specializes in hotel operating. Net sales by business area break down as follows:
- The United States and Canada (82.4%):
- International (17.6%).
At the end of 2024, the group operated 9,361 hotels and residences (1,706,331 rooms) under the brands JW Marriott, The Ritz-Carlton, St. Regis, W Hotels, The Luxury Collection, EDITION, Bulgari, Marriott Hotels, Sheraton, Westin, Courtyard, Residence Inn, Le Méridien, Fairfield by Marriott, SpringHill, Renaissance, Four Points, AC Hotels by Marriott, Protea Hotels, Element, Moxy, etc., distributed between franchised hotels (7,192; 1,104,446 rooms), managed hotels (1,981; 571,889 rooms), owned and leased hotels (51; 14,312) and residential hotels (137; 15,684). In addition, the group is developing a real estate development business under its own brands.
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