Marriott lowers 2024 profit forecast as US, China domestic tourism drags

(Reuters) – Hotel operator Marriott International cut its forecast for 2024 earnings on Monday, as domestic travel demand in the U.S. and China remains weak.

It expects full-year adjusted profit of between $9.19 to $9.27 per share, compared with the $9.23 to $9.40 it had previously forecast.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Sriraj Kalluvila)

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