Marriott Sees Weaker Demand in North America

Marriott International Inc. trimmed its forecast on a key revenue metric in the hotel industry due to weaker demand in North America, its biggest market.

For this year, Marriott expects comparable systemwide revenue per available room, or RevPAR, to rise roughly 3% world-wide; it previously forecast a rise of between 3% and 4%. The more cautious outlook comes after the world’s largest hotel company said Monday it fell short of revenue expectations in the U.S. in the third quarter and lowered its growth targets for the current...