Marriott International(US:MAR) ZACKS·2026-02-10 18:26Core Insights - Marriott International, Inc. reported fourth-quarter 2025 results with adjusted earnings missing estimates while revenues exceeded expectations, showing year-over-year growth in both metrics [1][5][10] Financial Performance - Adjusted earnings per share (EPS) for Q4 was $2.58, below the Zacks Consensus Estimate of $2.64, compared to $2.45 in the prior-year quarter [5][10] - Quarterly revenues reached $6.69 billion, surpassing the consensus mark of $6.68 billion, reflecting a 4.1% increase year-over-year [8][10] - Revenue from base management and franchise fees was $343 million and $795 million, up 3% and 6% year-over-year, respectively [9] - Incentive management fees rose to $239 million, a 16% increase from $206 million in the prior-year quarter [11] - Total expenses for Q4 were $5.91 billion, up from $5.68 billion in the prior-year quarter [14] Operational Highlights - Global RevPAR (Revenue per Available Room) increased by 1.9% year-over-year, driven by international markets and higher average daily rates [10][12] - The company reported a robust development pipeline with 4,056 hotels, including 1,648 properties under construction [16] - Strong loyalty engagement contributed significantly to growth, with member stays accounting for a large portion of global room nights [3] Future Outlook - For Q1 2026, management anticipates gross fee revenues between $1.37 billion and $1.38 billion, with adjusted EBITDA expected to be between $1.31 billion and $1.33 billion [18] - The company projects worldwide system-wide RevPAR to increase by 1.5% to 2.5% year-over-year in 2026 [18] - Adjusted diluted EPS for 2026 is expected to be in the range of $11.32 to $11.57 [20]