Marriott International raises annual outlook on stronger US and Canada travel

15 articles · Updated · The Wall Street Journal · May 6

First-quarter revenue per available room rose 4%, while revenue increased 6% to $6.65 billion and adjusted earnings reached $2.72 a share, beating analyst estimates.
Executives said Americans are favouring drive-to domestic trips and using tax refunds for local holidays, helping offset a 30% March drop in Middle East revenue per available room.
Marriott said the Iran conflict will cut full-year revenue per available room growth by 1 to 1.25 percentage points, with the biggest regional impact expected in the second quarter.

Could peace in the Middle East and cheaper fuel threaten Marriott's unexpected domestic travel boom?

As U.S. tourism slumps, what is Marriott's secret to defying the broader industry downturn at home?