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Financial Times: Marriott and Hilton Cut Forecasts Amid Fears of Growth Peak

According to The Financial Times:  Two of the biggest US hotel chains, Marriott International and Hilton Worldwide Holdings, cut their growth forecasts as tightening corporate travel budgets and global economic uncertainty put pressure on hotel bookings.

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Lukas Hartwich, a senior analyst at Green Street Advisors, said he expects revenue growth rates to remain low until profits in the energy sector recover and multinationals loosen travel budgets. “The macro backdrop is driving the bus right now,” he said.

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To view the full article from The Financial Times, click here.