Marriott Projects Slower Growth, But Still Sees Strong Travel Demand Through 2025

Marriott expects revenue per available room to grow 3-6% annually from 2023 to 2025, down from prior 12-14% forecast for 2023.
The company plans to add 230,000-270,000 net rooms over the next three years for a 5-5.5% compound annual growth rate.
Marriott forecasts adjusted earnings per share growth of 25-29% in 2023 and reaching approximately $11.45 by 2025.
Total gross fee revenue may increase 16-18% in 2023 and reach up to $5.8 billion by 2025.
Marriott sees continued strength in travel demand even as boom from pandemic recovery fades.