Marriott International lifted its full‑year outlook after posting a stronger‑than‑expected first‑quarter report. The hotel operator recorded net profit of $648 million, or $2.43 a share, for the quarter ended March 31, edging out the $665 million, $2.39 per share, posted a year earlier. Revenue climbed 6% to $6.65 billion, topping analysts’ consensus.

Adjusted earnings stripped of one‑time items came in at $2.72 per share, beating FactSet’s consensus estimate of $2.56. The beat reflects resilient travel demand, with corporate and leisure bookings holding steady despite broader economic uncertainty. Investors responded positively, nudging the stock higher in early trading.

The 6% revenue rise to $6.65 billion also lifts the company’s FY2024 projection, now forecasting total sales above $27 billion, up from the prior $26.5 billion range, and support dividend‑growth plans. That upward revision aligns with management’s expectation that travel volumes will remain flat to modestly grow through the year.

Analysts see the upgraded outlook as a catalyst for valuation lifts, citing the chain’s asset‑light franchise model and its ability to capture upside from a rebounding leisure market. With cash flow generation expected to stay robust, Marriott is positioned to fund future acquisitions and return capital to shareholders.