1. Marriott expects declines in U.S. government bookings. 2. Marriott lowered RevPAR growth forecast to 1.5% to 3.5%. 3. First-quarter earnings beat expectations at $2.32 EPS. 4. Rivals Hyatt and Hilton also lowered RevPAR forecasts. 5. Marriott shares are down about 10% year-to-date.
The expected declines in government bookings and lowered RevPAR forecast could negatively impact earnings growth, reminiscent of previous downturns in hospitality due to reduced government travel spending.
The implications of declining government bookings can directly affect MAR's revenue, making the article highly relevant.
Market sentiment may react quickly to the lowered guidance, likely affecting stock price in the near term as investors reassess future revenue figures.