Core Insights - Marriott International reported Q4 2024 earnings that exceeded analysts' expectations, with adjusted EPS of $2.45 compared to estimates of $2.39 and total revenue of $6.43 billion, slightly above the anticipated $6.4 billion [1][2] Financial Performance - Adjusted EPS for Q4 2024 was $2.45, down 31.6% from $3.57 in Q4 2023 [3] - Total revenue reached $6.43 billion, a 5.5% increase from $6.1 billion in Q4 2023 [3] - Adjusted EBITDA increased by 7.4% to $1.29 billion from $1.2 billion the previous year [3][7] - Net income fell to $455 million, a decline of 46.3% from $848 million in the prior year [3][7] - Management and franchise fees rose by 10% to $1.13 billion [7] - Total debt increased by 21% to $14.4 billion [7] Business Model and Strategy - Marriott operates an asset-light business model focusing on management, franchising, and licensing, minimizing capital investment risks [4] - The company has a diverse portfolio with over 30 brands, appealing to various market segments and optimizing occupancy [5] - The loyalty program, Marriott Bonvoy, has nearly 228 million members, enhancing customer retention [5] Market Expansion and Performance - Marriott signed a record number of new deals, growing its pipeline to approximately 577,000 rooms [6] - Revenue per available room (RevPAR) increased by 5% globally, with international markets seeing a 7.2% growth [6] - The Greater China region experienced an 8% decline in RevPAR due to weak domestic demand [6][8] Sustainability Initiatives - The company is committed to sustainability through its "Serve 360" initiative, aiming for net-zero emissions by 2050 [9] Future Outlook - Marriott projects global RevPAR growth of 2%-4% and room growth of 4%-5% for the upcoming year [11] - Cost control initiatives are planned to reduce annual pre-tax general and administrative expenses by $80 million to $90 million starting in 2025 [11] - The focus on brand diversification and geographic growth remains pivotal for the company's strategy [12]

Marriott International (MAR) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $3.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.94%. A quarter ago, it was expected that this hotel company would post earnings of $2.31 per share when it actually produced earnings of $2.26, delivering a surprise of -2.16%.Over the last four quarters, t ...

Financial Performance - Full year global RevPAR increased by 4.3%, with fourth quarter worldwide RevPAR rising by 5.0%[3][21] - Fourth quarter reported diluted EPS was $1.63, while adjusted diluted EPS was $2.45[4][15] - Fourth quarter net income totaled $455 million, with adjusted net income reaching $686 million[4][15] - Total revenues for Q4 2024 were $6,429 million, a 5% increase from $6,095 million in Q4 2023[33] - Net income for Q4 2024 decreased to $455 million, down 46% from $848 million in Q4 2023[33] - Earnings per share (EPS) for Q4 2024 were $1.63, a 43% decline compared to $2.87 in Q4 2023[33] - Total revenues for the full year 2024 reached $25,100 million, representing a 6% increase from $23,713 million in 2023[35] - Net income for the full year 2024 was $2,375 million, a 23% decrease from $3,083 million in 2023[35] - Adjusted EBITDA for the fourth quarter was $1,286 million, reflecting a 7% increase compared to the previous year[17] - Adjusted operating income for Q4 2024 was $1,072 million, an 8% increase from $992 million in Q4 2023[37] - Adjusted net income for Q4 2024 was $686 million, a 35% decrease from $1,055 million in Q4 2023[37] - Adjusted EBITDA for Fiscal Year 2024 reached $4,981 million, reflecting a 7% increase compared to 2023[66] - Estimated Adjusted EBITDA for Q1 2025 is projected to be between $1,170 million and $1,195 million, representing a 2% to 5% increase over Q4 2024[68] - Estimated Adjusted EBITDA for the full year 2025 is forecasted to be between $5,295 million and $5,435 million, indicating a 6% to 9% increase over 2024[70] Shareholder Returns - The company returned over $4.4 billion to shareholders through dividends and share repurchases in 2024[4] Development and Expansion - The company achieved record gross room additions of over 123,000 in 2024, resulting in a 6.8% increase in net rooms[4][19] - At year-end 2024, Marriott's worldwide development pipeline included nearly 3,800 properties and over 577,000 rooms[4][20] - As of December 31, 2024, Marriott International operates a total of 9,361 properties with 1,706,331 rooms worldwide[41] - The company has 6,307 properties in the US & Canada, accounting for 1,062,063 rooms, while total international properties stand at 3,054 with 644,268 rooms[41] - The company continues to focus on market expansion and new strategies to enhance its global footprint[42] Revenue Streams - Base management and franchise fees for the fourth quarter totaled $1,128 million, a 10% increase year-over-year[9] - Franchise fees for Q4 2024 increased by 13% to $795 million from $705 million in Q4 2023[33] - Cost reimbursement revenue for Q4 2024 was $4,704 million, a 6% increase from $4,418 million in Q4 2023[33] - Cost reimbursement revenue for Fiscal Year 2024 was reported at $(18,482) million, with reimbursed expenses totaling $18,799 million[66] Debt and Financial Obligations - The total debt at year-end 2024 was $14.4 billion, with cash and equivalents at $0.4 billion[22] - Interest expense for Fiscal Year 2024 amounted to $695 million, with a quarterly breakdown of $163 million in Q1, $173 million in Q2, $179 million in Q3, and $180 million in Q4[66] - Provision for income taxes for Fiscal Year 2024 was $776 million, with quarterly provisions of $163 million in Q1, $268 million in Q2, $202 million in Q3, and $143 million in Q4[66] - Restructuring and merger-related charges for Fiscal Year 2024 totaled $77 million, with $8 million in Q1, $8 million in Q2, $9 million in Q3, and $52 million in Q4[66] Operational Metrics - Revenue per Available Room (RevPAR) is calculated by dividing property level room revenue by total rooms available, serving as a key performance measure[78] - Occupancy is calculated by dividing total rooms sold by total rooms available, indicating the utilization of a property's available capacity[78] - Average Daily Rate (ADR) is calculated by dividing property level room revenue by total rooms sold, useful for assessing pricing levels[78] Brand Performance - The average daily rate (ADR) for JW Marriott increased by 2.9% to $330.63, while occupancy rose by 2.7% to 69.9% compared to the previous year[47] - The REVPAR for The Ritz-Carlton reached $355.73, an increase of 8.5%, with occupancy at 64.7%[47] - Sheraton's REVPAR improved by 9.0% to $155.85, with occupancy at 64.6%[49] - The overall REVPAR for US & Canada properties increased by 4.2% to $173.93, with an occupancy rate of 66.8%[49] - JW Marriott's REVPAR increased to $232.59, up 3.9% compared to 2023, with an occupancy rate of 70.4%, a 0.7 percentage point increase[51] - The Ritz-Carlton's REVPAR reached $343.28, a 4.0% increase year-over-year, with occupancy at 66.0%, up 1.1 percentage points[51] - Sheraton's REVPAR grew by 8.0% to $160.07, with occupancy at 68.1%, an increase of 2.3 percentage points[51] - Overall, the Composite US & Canada Luxury segment saw a REVPAR of $291.59, up 2.4%, with occupancy at 68.5%, a 0.8 percentage point increase[51] International Market Performance - In the international market, Europe reported a REVPAR of $201.35, a 6.2% increase, with occupancy at 72.2%, up 0.9 percentage points[56] - The Middle East & Africa experienced an 8.7% increase in REVPAR to $164.07, with occupancy at 74.1%, a rise of 3.1 percentage points[56] - Greater China saw a decline in REVPAR to $84.87, down 1.8%, with occupancy at 69.1%, an increase of 1.4 percentage points[56] - The Asia Pacific excluding China reported a 11.6% increase in REVPAR to $134.72, with occupancy at 74.1%, up 1.9 percentage points[56] - The Caribbean & Latin America region's REVPAR increased by 9.5% to $188.08, with occupancy at 65.9%, a 0.6 percentage point increase[56] - The overall worldwide REVPAR for the three months ended December 31, 2024, was $150.30, a 5.3% increase, with occupancy at 69.5%, up 1.3 percentage points[56]

Core Insights - Marriott International, Inc. reported strong performance in 2024, with a global RevPAR increase of 4.3% and net room growth of 6.8% to over 1.7 million rooms worldwide [2][12][16] - The company achieved record gross room additions of over 123,000 in 2024, contributing to a robust development pipeline of over 577,000 rooms [4][12][17] - The outlook for 2025 remains positive, with expected RevPAR growth of 2% to 4% and net room growth of 4% to 5% [20] Financial Performance - In Q4 2024, base management and franchise fees increased by 10% to $1,128 million compared to $1,026 million in Q4 2023 [7] - Adjusted operating income for Q4 2024 was $1,072 million, up from $992 million in Q4 2023, reflecting an 8% increase [12][42] - Reported net income for Q4 2024 was $455 million, a decrease from $848 million in Q4 2023, with diluted EPS at $1.63 compared to $2.87 in the prior year [11][15] Revenue Breakdown - Total revenues for Q4 2024 reached $6,429 million, a 5% increase from $6,095 million in Q4 2023 [31] - Cost reimbursement revenue for Q4 2024 was $4,704 million, up 6% from $4,418 million in Q4 2023 [31] - Owned, leased, and other revenue for Q4 2024 totaled $418 million, down 8% from $455 million in Q4 2023 [31] Development and Expansion - The company signed a record number of new deals in 2024, with a development pipeline of nearly 3,800 properties [4][17] - At year-end 2024, Marriott's global system included over 9,300 properties, with approximately 1,706,000 rooms [16][17] - The company enhanced its portfolio by entering the midscale segment and expanding non-traditional offerings [5] Shareholder Returns - Marriott returned over $4.4 billion to shareholders through dividends and share repurchases in 2024 [12] - The company repurchased 15.4 million shares for $3.7 billion throughout the year [19]

Marriott International, Inc. (MAR) is scheduled to release fourth-quarter 2024 results on Feb. 11, 2025, before the opening bell. In the previous quarter, the company’s earnings missed the Zacks Consensus Estimate by 2.2%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.MAR’s Trend in Estimate RevisionThe Zacks Consensus Estimate for fourth-quarter bottom line is pegged at $2.38, indicating a decline of 33.3% from $3.57 reported in the year-ago quarter.For revenues, the consensus mar ...

The upcoming report from Marriott International (MAR) is expected to reveal quarterly earnings of $2.38 per share, indicating a decline of 33.3% compared to the year-ago period. Analysts forecast revenues of $6.4 billion, representing an increase of 5% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during th ...

The market expects Marriott International (MAR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 11, 2025, might help the stock move higher if these ke ...

BETHESDA, Md., Feb. 3, 2025 /PRNewswire/ -- Marriott International today announced it has once again been named among FORTUNE Magazine's World's Most Admired Companies. The company has appeared on Fortune's Most Admired Companies' list consecutively since its inception in 1998. Marriott was named number one in the Hotels, Casinos, and Resorts category and placed number 13 in this year's ranking overall. Marriott International Named One of FORTUNE’s World’s Most Admired Companies Fortune's annual ranking ...

Core Points - The Ritz-Carlton, Naples has achieved LEED Silver Certification for its Vanderbilt Tower, highlighting its commitment to sustainability and environmental stewardship in the hospitality industry [1][3][4] - The resort's transformation included the addition of Ocean View guest rooms, the Mediterranean restaurant Sofra, and the largest Club Lounge in North America for the Ritz-Carlton brand [1][6] - The certification was obtained through strategies focused on sustainable site development, water savings, energy efficiency, materials selection, and indoor environmental quality [3][4] Company Overview - The Ritz-Carlton, Naples offers 474 guest rooms and suites with views of the Gulf of Mexico, and features amenities such as a 51,000 square-foot spa and multiple dining options [6] - The resort has received multiple accolades, including the AAA Five-Diamond award and recognitions from Travel + Leisure and Condé Nast Traveler magazines [6] - The Ritz-Carlton Hotel Company operates over 100 hotels and 45 residential properties globally, and is a subsidiary of Marriott International, Inc. [7]

Core Insights - Marriott International achieved record growth in 2024, with 123,000 gross room openings and a net rooms growth of 6.8%, ending the year with 3,766 properties and 577,265 rooms in the development pipeline [1][3][4] Development Highlights - The company signed over 1,200 deals in 2024, averaging more than 3 deals per day, representing nearly 162,000 rooms globally [4] - 34% of the room signings in 2024 were from conversion opportunities, showcasing strong momentum in this area [4] Luxury Segment Growth - Marriott's luxury portfolio now includes 658 hotels and resorts across 74 countries, with 61 new deals signed in 2024, resulting in 266 luxury properties in the pipeline [6] - Notable openings included W Prague and The St. Regis on the Bund, Shanghai, marking significant brand expansions [6] Affordable Midscale Segment Expansion - Marriott strengthened its presence in the affordable midscale segment, with City Express by Marriott planning expansions into multiple Latin American countries and a debut in the U.S. and Canada [7] - The brand currently has 153 open properties and 53 in the pipeline, while StudioRes celebrated its first groundbreaking [7] Branded Residential Portfolio Growth - Marriott's branded residences portfolio grew by over 50% since 2019, closing 2024 with 142 open locations and a pipeline of 138 [8] - The portfolio generated $2.1 billion in residential sales revenue for third-party developers in 2024, nearly double the previous year's total [8] Non-Traditional Hospitality Offerings - The company announced its entry into outdoor-focused lodging with the acquisition of Postcard Cabins and a long-term agreement with Trailborn [10][11] - This expansion aims to provide more choices in traditional and alternative accommodations for guests [11] Regional Growth Highlights - In the U.S. and Canada, Marriott's portfolio totaled over 1 million open rooms across 6,307 properties, with nearly 263,000 rooms in the pipeline [13] - The APEC region saw record signings of 109 deals, representing 21,439 rooms, with a 12% increase in the pipeline [14] - Greater China had 463 properties in the pipeline, with 161 deals signed in 2024, marking significant growth [15] - The CALA region closed the year with 183 properties in the pipeline, a 15% increase from the previous year [16] - EMEA region's pipeline grew to 596 properties, with 291 deals signed, representing a 10% increase [17]