Marriott: increases annual targets again
(CercleFinance.com) - On the sidelines of its quarterly results, Marriott International has again raised its guidance for 2023, reflecting relatively stable global economic conditions through to the end of the year, with continued resilience in travel demand.
The hotel chain now anticipates adjusted EPS of $8.36 to $8.65, adjusted EBITDA of $4.53bn to $4.65bn, and comparable RevPAR (revenue per available room) growth of between 12% and 14% at constant dollars.
In the quarter just ended, Marriott posted adjusted EPS of $2.26, versus $1.80 a year ago, and adjusted EBITDA of $1.22bn, for comparable RevPAR growth of 13.5% in constant dollars (including +39.1% outside North America).
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