Marriott’s worldwide RevPAR was up 4.9%, net room growth was 6% year-over-year, and total revenue for the quarter through June 30 was $6.44 billion, up about 6%.
Executives on an earnings call blamed the adjustment in outlook on greater-than-expected weakness in China. China’s RevPAR fell 4% year-over-year in the quarter.
The company also said that group bookings for the first half of November faced headwinds because of the U.S. presidential election. They also noted some trends suggesting that travelers were being more “judicious” about travel splurges.
However, Marriott’s management was broadly bullish.
“We delivered another strong quarter as travel demand remained robust in most markets around the world, and our net rooms grew by 6% year-over-year,” said Anthony Capuano, president and CEO.
