In order to provide a projection lens barrel and a projection display device that are capable of correcting the optical characteristics of a plurality of lens groups, a projection lens barrel, comprising a lens optical system causing light from an image display element to be formed as a projected image on a screen, also comprises correction mechanisms that move each of at least two lens groups along an optical axis and correct the optical characteristics to be corrected, said lens groups each having different optical characteristics for correction in order to suppress reduction in image quality of a projected image caused by changes in optical characteristics caused by temperature changes in the projection lens barrel.