()) — On Tuesday, hotel chain Marriott International revised downward its projected room revenue for 2025 due to concerns over weakening travel demand within the U.S., prompted by tariff-related worries about an impending economic downturn.
The business anticipates a hotel income increase of 1.5% to 3.5% for the year, as opposed to the previously projected range of 2% to 4%.
The previous week saw competitor Hilton reduce its projection for room revenue growth, whereas vacation rental firm Airbnb noted that the booking period is becoming shorter. This suggests heightened consumer uncertainty and prudence regarding travel expenditures.
(Reported by Aishwarya Jain in Bengaluru; Edited by Sriraj Kalluvila)
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