Marriott International reported strong first-quarter 2025 financial results, exceeding analyst estimates with adjusted earnings per share (EPS) of $2.32 versus the estimated $2.24, and revenue of $6.26 billion compared to the expected $6.20 billion. The company experienced a 4.1% increase in global revenue per available room (RevPAR), driven by a 3.3% growth in the U.S. and Canada and a 5.9% rise in international markets, with Asia-Pacific leading international growth at 11%. Average daily rates (ADR) increased 3%, and occupancy rose by one percentage point. Marriott signed a record number of over 34,000 rooms during the quarter. Despite these results, Marriott trimmed its full-year 2025 outlook for room revenue growth to a range of 1.5% to 3.5%, down from the prior forecast of 2% to 4%, reflecting a slowdown in the U.S. lodging market. Luxury hotels in the U.S. outperformed with a 6% RevPAR increase, while select-service hotels saw only 1% growth amid weaker corporate and mid-market consumer demand. Marriott continues to anticipate full-year adjusted EPS between $9.82 and $10.19 and adjusted EBITDA between $5.29 billion and $5.43 billion. The company’s performance aligns with trends reported by peers such as Hilton Worldwide Holdings, Airbnb, and Booking Holdings, which also noted slowing lodging demand in the U.S.