Marriott raises room revenue growth forecast (bnnbloomberg.ca)

Marriott International raised its full-year room revenue growth forecast to between 4.5 and 5 per cent, up from the previous 3 to 3.5 per cent estimate. The company reported third-quarter adjusted earnings of $3.02 per share, beating analyst expectations, while shares rose 3.4 per cent in premarket trading. Luxury segments drove performance with an 11.9 per cent revPAR increase in the U.S. and Canada, offsetting a 5.3 per cent decline in Middle East revenues.