Copyright Reuters
The Bethesda, Maryland-based company reported adjusted profit of $2.47 per share during the period, compared with $2.26 per share a year earlier. Sign up here. Sales in Marriott's upscale segments, which include brands such as Ritz-Carlton and Sheraton, cater to economically resilient customers, cushioning the impact of slowing demand in its budget and select-service offerings. In the United States and Canada, room revenue declined 0.4% due to weaker demand in the lower chain scales, largely reflecting reduced government travel, the company said. The luxury and premium segments comprised roughly half of the operator's total rooms as of 2024. Reporting by Aishwarya Jain in Bengaluru; Editing by Pooja Desai
