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Marriott lifts profit forecast on strong travel demand By Reuters

© Reuters. FILE PHOTO: Signage for the New York Marriott Marquis is seen in Manhattan, New York, November 16, 2015. REUTERS/Andrew Kelly

(Reuters) – Marriott International (NASDAQ:) Inc raised its annual profit forecast on Thursday, aided by higher pricing and a strong rebound in leisure and business travel as pandemic restrictions ease.

Marriott, which owns hotels like Sheraton, Westin and St. Regis (NYSE:), expects adjusted profit per share of $6.51 to $6.58 this year, compared with its previous forecast of $6.33 to $6.59 per share.

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