Marriott lifts 2025 profit forecast on strong luxury hotel demand

(Reuters) -Hotel operator Marriott International raised its full-year 2025 profit forecast and beat third-quarter estimates on Tuesday as resilient demand for luxury accommodation countered soft sales in its budget and select-service hotels. Sales in Marriott's upscale segments, which include brands such as Ritz-Carlton and St. Regis, cater to economically resilient customers, cushioning the impact of slowing demand in its budget and select-service offerings. Room revenue in its U.S. and Canada luxury business rose 3.5% in the reported quarter. Weaker performance at select-service hotels was largely driven by reduced government spending, the company said. In the past year, Marriott has flagged hits from a fall in the nights booked by U.S. government agencies, as President Donald Trump's fu