The hotel group Marriott International presents a three-year growth plan for the business in a press release on Wednesday. The company predicts that earnings per share will grow by 25-29 percent this year. After that, earnings are predicted to increase by 10-15 percent per year for the next two years and end up at $11.45 in 2025.
At the same time, the company expects growth per available room, RevPAR, to be between 3-6 percent in the next two years. The company also sees increased revenue growth going forward. Total gross fee income is expected to grow by 16-18 percent this year, and then by 6.5-9.5 percent a year until 2025 when it is expected to reach $5.8 billion.