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Hyatt, Hilton, and Marriott Stocks Downgraded by Goldman Sachs on Weaker Hotel Outlook

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Goldman Sachs downgrades shares of Hyatt, Hilton , and Marriott Monday .

The bank said it now expects U.S. hotels' average revenue per available room, or RevPAR, to grow 0.4% in 2025 .

The updated forecast does not account for a recession, Goldman said, which “would likely drive further downside".

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