Standard & Poor’s Ratings Services on Wednesday lowered its credit rating outlook for Bethesda-based hotel chain Marriott International Inc. to negative on expectations of lower revenue next year.
The ratings service said it expects revenue per room next year for hotels across the nation to decline by more than 5 percent as travel demand drops.
“The negative outlook revision reflects our worsening expectation for revenue per available room in the U.S. in 2009,” Standard & Poor’s credit analyst Emile Courtney said in a statement.
