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Today: January 15, 2025
Today: January 15, 2025

Marriott forecasts 2024 profit below estimates as US travel demand moderates

Economy
FILE PHOTO: Logo of Marriott hotel is seen in Vienna
April 26, 2024
Reuters - Reuters

(Reuters) - Hotel operator Marriott International forecast 2024 profit below Wall Street estimates on Tuesday, as travel demand in the United States normalizes from its post-pandemic peak.

The company sees a full-year profit of between $9.18 and $9.52 per share, while analysts had expected $9.69 per share, LSEG data showed.

(Reporting by Aishwarya Jain in Bengaluru; editing by Milla Nissi)

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