Marriott Lowers Financial Outlook as Travel in US, Canada Cools

Image: Rendering of the W Calgary and JW Marriott Calgary towers (Photo Credit: Marriott International)
Image: Rendering of the W Calgary and JW Marriott Calgary towers (Photo Credit: Marriott International)
Lacey Pfalz
by Lacey Pfalz
Last updated: 8:35 AM ET, Tue August 5, 2025

Amid the current economic uncertainty brought on by Trump’s trade war cooling the travel industry in both the U.S. and Canada, Marriott International has lowered its full-year 2025 financial projections in its second-quarter report, expecting current conditions to continue throughout the remainder of the year. 

The second quarter of the year saw the hotel giant’s RevPAR, or revenue per available room, increase 1.5 percent overall, with 5.3 percent growth internationally. 

Yet closer to home, the Maryland-based company saw flat growth in the U.S. and Canada. 

“Marriott delivered another solid quarter, highlighted by strong financial results and robust net rooms growth despite heightened macro-economic uncertainty,” said Anthony Capuano, Marriott’s President and Chief Executive Officer. “Global RevPAR increased 1.5 percent in the second quarter primarily driven by the leisure segment.” 

“International RevPAR rose over 5 percent, with strong growth in APEC and EMEA. In the U.S. & Canada, RevPAR was flat year over year with continued strength in the luxury segment offset by a decline in select service demand, largely reflecting reduced government travel and weaker business transient demand. Adjusting for the Easter holiday shift, U.S. & Canada RevPAR increased by nearly 1 percent.”

Shareholders took home a diluted earnings per share (EPS) of $2.78 this past quarter. Marriott reported a net income of $763 million and an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $1.4 billion. 

Marriott’s development pipeline reached a new record during the second quarter of the year, totaling 3,900 properties in development worldwide, representing over 590,000 rooms. Marriott also finalized its acquisition of hotel brand citizenM during the second quarter. 

For the rest of the year, Marriott has downgraded its growth prediction. It expects worldwide RevPAR to grow 1.5 percent to 2.5 percent, with a full-year Adjusted EBITDA ranging between $5.31 and $5.39 billion. According to Reuters, RevPAR is a full percentage point lower than Marriott’s earlier forecast.  

Marriott expects to provide a full-year diluted EPS ranging between $9.85 to $10.08, just a few cents below its earlier projection. 

Topics From This Article to Explore

Featured Video

Lacey Pfalz

Lacey Pfalz

Senior Editor, News & Features

Lacey Pfalz is Associate Editor at TravelPulse. She's a passionate advocate of responsible travel and believes the best travel experiences happen outside of a planned itinerary. Lacey currently lives in rural Wisconsin. She can be reached at [email protected].

Get To Know Us Better

Advertise with UsTravelPulse Canada has been voted #1 by Travel Advisors in Canada year after year.. Let us help you connect with them.
Follow us on Social MediaDaily updates on Travel industry news and events across our social media channels stay current follow along!
Advertise with UsTravelPulse Canada has been voted #1 by Travel Advisors in Canada year after year.. Let us help you connect with them.
Follow us on Social MediaDaily updates on Travel industry news and events across our social media channels stay current follow along!

Become A Travel Expert

Upcoming Webinar
Exoticca 101: Navigating the Travel Advisor Portal & Selling WorldwideMonday, August 24, 2026
2:00pm Eastern
Join Exoticca for an in depth look at the Travel Advisor Portal and learn how to make the most of its...
Upcoming Webinar
Beyond the Ship: Maximizing Pre and Post Cruise ExperiencesThursday, September 10, 2026
2:00pm Eastern
Discover how to enhance the cruise experience with strategic pre and post cruise planning. Learn how...
Upcoming Webinar
Worry-Free Access to the World - Part 2Friday, September 11, 2026
2:00pm Eastern
Join Travel Weekly, TravelAge West, and TravelPulse for Worry-Free Access to the World, a webinar...
Upcoming Webinar
Exoticca 101: Navigating the Travel Advisor Portal & Selling WorldwideMonday, August 24, 2026
2:00pm Eastern
Join Exoticca for an in depth look at the Travel Advisor Portal and learn how to make the most of its...
Upcoming Webinar
Beyond the Ship: Maximizing Pre and Post Cruise ExperiencesThursday, September 10, 2026
2:00pm Eastern
Discover how to enhance the cruise experience with strategic pre and post cruise planning. Learn how...
Upcoming Webinar
Worry-Free Access to the World - Part 2Friday, September 11, 2026
2:00pm Eastern
Join Travel Weekly, TravelAge West, and TravelPulse for Worry-Free Access to the World, a webinar...