Nov 24, 2025 12:00 PM Eastern Standard Time AEG and Marriott Bonvoy Renew Global Partnership, Expanding More Than Decade-long Alliance Across Music, Sports, Live-Entertainment and Ticketing The renewed partnership underscores how both companies have evolved to understand what fans truly value when attending live events. From booking travel to experiencing shows to post-event memories, every aspect of the collaboration focuses on removing friction while adding genuine value that enhances rather than complica ...

Accessibility StatementSkip Navigation BETHESDA, Md., Nov. 21, 2025 /PRNewswire/ --Â Marriott International, Inc.'s (Nasdaq: MAR) Chief Financial Officer and Executive Vice President, Development, Leeny Oberg, will speak at the Barclays 2025 Eat, Sleep, Play, Shop Conference, to be held on Thursday, December 4, in New York, NY. Ms. Oberg's remarks will be at approximately 8:15 a.m., Eastern Time, and will be webcast live. To access the webcast, please go to http://www.marriott.com/investor, and then click o ...

Core Insights - Marriott International has been recognized as one of the top five World's Best Workplaces by Great Place To Work® and Fortune magazine, highlighting its commitment to a people-first culture and excellence [1][2] Company Commitment and Culture - The recognition reflects Marriott's dedication to its core values and culture, emphasizing a people-first approach that has been a guiding principle for nearly a century [2] - Marriott's people brand, "Be," empowers associates to start their career journey, belong to a global team, and develop personally and professionally [2] - Innovative programs like Elevate enhance career growth and retention, with participants being twice as likely to experience job changes within the organization and over five times more likely to be promoted compared to non-participants [2] Employee Experience - Over 9 million employees were surveyed, with those at recognized companies reporting higher levels of trust and opportunities for personal and professional growth [3][6] - The World's Best Workplaces list highlights organizations where employees feel trusted, empowered, and motivated to perform at their best [3] Company Overview - As of September 30, 2025, Marriott International operates over 9,700 properties across more than 30 brands in 143 countries and territories [5] - The company offers the Marriott Bonvoy travel platform, which is highly awarded [5]

Core Insights - Marriott International, Inc. (MAR) is experiencing strong growth momentum and expanding its portfolio of branded residential projects across Europe, the Middle East, and Africa (EMEA) [2][3] Expansion and Development - Marriott is rapidly expanding in the EMEA region, currently operating in 18 countries and territories, with 33 branded residential projects open and over 50 more planned [3][10] - The company's portfolio has increased by 23% in Europe and 59% in the Middle East and Africa since late 2023, indicating strong demand for luxury branded homes [3] - In 2025, Marriott secured nearly 20 branded residential agreements in the EMEA region, with significant projects like The Residences at the Dubai Beach EDITION [5][10] Financial Performance - As of the end of Q3 2025, Marriott's global portfolio of rooms increased by 4.7% year over year, reaching over 1.75 million rooms across more than 9,700 properties [7] - The development pipeline reached a record high of over 596,000 rooms, with more than 250,000 currently under construction [7] - Global RevPAR increased by 0.5% year over year, with EMEA leading at a growth of 2.5% driven by higher average daily rates and improved occupancy levels [8][10] Market Position - Shares of MAR gained 4.7% year-to-date, outperforming the Zacks Hotels and Motels industry's 7.8% decline, supported by strong leisure demand and solid global booking trends [11] - The integration of digital capabilities with exceptional hospitality service allows Marriott to command premium room rates in a competitive lodging industry [6]

Core Insights - Marriott International is experiencing significant growth in its branded residential portfolio across the EMEA region, with record-setting residential signings and a strong development pipeline [1][2][3] EMEA Portfolio Expansion - The EMEA branded residential portfolio now spans 18 countries and territories, with 33 open locations and over 50 in the pipeline, reflecting a 23% growth in Europe and a 59% growth in the Middle East & Africa since year-end 2023 [1][3] - Year-to-date 2025, Marriott has signed nearly 20 branded residence agreements in EMEA, with approximately two-thirds in the luxury segment [3][4] Sales Performance - Developers of Marriott Branded Residences have seen strong sales velocity, with 19 projects launching sales this year, including notable successes such as The St. Regis Residences in Abu Dhabi, which sold 60% of units at record prices before public launch [4][5] - The Affini, a Tribute Portfolio Residence in Dubai, sold out within one week of its launch, showcasing the high demand for branded residences [4] Notable Projects - Recent signed agreements and sales launches include: - Marriott Residences, Budapest: Hungary's first branded residence [5] - The Residences at The St. Regis Baku: A showcase of standout architecture [5] - The Ritz-Carlton Residences, Al Maryah Island, Abu Dhabi: Developed in collaboration with SAAS Properties [5] - The Residences at The St. Regis Karya Cove Resort, Bodrum: Marks Marriott's 100th property in Turkey [5] - JW Marriott Residences at Dubai Islands: The city's first JW Marriott Residence [5] Future Outlook - By the end of 2025, the company anticipates a total of six branded residence openings in EMEA, continuing to leverage strong brand recognition and integrated ownership recognition platforms [6]

Core Points - Marriott International, Inc. announced the termination of its licensing agreement with Sonder Holdings Inc. due to Sonder's default [1] - Following the removal of Sonder rooms, Marriott's net rooms growth for 2025 is now projected to be approximately 4.5 percent [1] - There are no changes to other outlook metrics previously provided by Marriott on November 4, 2025 [1] Company Overview - Marriott International, Inc. is based in Bethesda, Maryland, and operates a portfolio of over 9,700 properties across more than 30 brands in 143 countries and territories as of September 30, 2025 [2] - The company engages in the operation, franchising, and licensing of hotels, residential, timeshare, and other lodging properties globally [2] - Marriott offers the Marriott Bonvoy travel platform, which has received multiple awards [2]

Core Points - Marriott International has terminated its licensing agreement with Sonder Holdings due to Sonder's default, resulting in no affiliation with Marriott Bonvoy and unavailability of Sonder properties for new bookings on Marriott's channels [1] Group 1: Impact on Guests - Marriott's immediate priority is to support guests currently staying at Sonder properties and those with upcoming reservations, with plans to contact guests who booked directly through Marriott channels [2] - Guests who booked through third-party online travel agencies are advised to contact those organizations for assistance [2] Group 2: Company Overview - Marriott International, based in Bethesda, Maryland, operates over 9,700 properties across more than 30 brands in 143 countries and territories as of September 30, 2025 [4] - The company offers the Marriott Bonvoy travel platform, which is highly awarded [4]

Group 1 - The article discusses the planning and booking process for a trip to Christmas markets in Europe, focusing on utilizing points and miles for travel expenses [1][27] - The destinations considered for the trip included southeast Germany and Strasbourg, with a final focus on France, Germany, and surrounding areas [2][3] - Flexibility in travel dates was crucial for finding award flight availability, especially during peak travel season [3][6] Group 2 - The booking process for business class flights involved using Delta SkyMiles and Chase Ultimate Rewards points, with a focus on transfer partners for better availability [6][8] - A flight from Chicago to Frankfurt was booked for 70,000 Air Canada Aeroplan points plus $56.98 in taxes and fees, highlighting the importance of timely point transfers [8][11] - The return flight from Zürich to New York was secured for 60,000 Aeroplan points plus $113.30 in taxes and fees, demonstrating effective use of points for international travel [11][27] Group 3 - Hotel accommodations were booked using points, including a stay at Kimpton Main Frankfurt for 58,765 Chase points, which would have cost $1,175 in cash [28][35] - In Stuttgart, three nights were booked at Le Meridien Stuttgart using Marriott free night certificates, which would have otherwise cost $830 [30][33] - A night at Park Hyatt Zürich was booked for 35,000 World of Hyatt points, valued at approximately $966.46, showcasing the value of points in luxury hotel stays [35][37] Group 4 - The total cost for the trip, including flights and hotel stays, amounted to $363.88 out of pocket, with a total cash value of over $7,300 if booked without points [27][38] - The article emphasizes the transformative power of points and miles in making expensive trips feasible, highlighting the real-life value beyond cash savings [38]

Financial Data and Key Metrics Changes - Third quarter adjusted EBITDA rose 10% to $1.35 billion, exceeding expectations, while adjusted EPS grew 9% [15][17] - Global RevPAR increased by 0.5%, driven by nearly 1% ADR growth, offsetting a 30 basis point decline in occupancy [15][17] - Total gross fee revenues increased 4% year-over-year to $1.34 billion, primarily due to rooms growth and strong co-branded credit card fee growth [15][17] Business Line Data and Key Metrics Changes - RevPAR growth was strongest in the APEC region, increasing nearly 5%, driven by robust ADR growth and higher demand from international travelers [6][7] - International RevPAR grew 2.6%, outperforming the U.S. and Canada, where RevPAR was down 0.4% [5][6] - Luxury RevPAR rose 4%, while select service brands in the U.S. and Canada saw declines, impacting overall RevPAR performance [8][9] Market Data and Key Metrics Changes - RevPAR in EMEA rose 2.5%, with a potential 5% increase when excluding the impact of major events last year [7] - In Greater China, RevPAR was flat due to weaker macro conditions, although market share continued to grow [7][8] - The U.S. business transient RevPAR was flat, with government transient down 14% [8][9] Company Strategy and Development Direction - The company aims to continue strong net rooms growth, with a pipeline of over 596,000 rooms, including 250,000 under construction [9][21] - Focus on technology transformation to enhance customer experience and operational efficiency [12][14] - Launch of new brands like Outdoor Collection by Marriott Bonvoy and Series by Marriott to expand offerings [10][11] Management's Comments on Operating Environment and Future Outlook - Management anticipates global RevPAR growth of 1%-2% in Q4, with stronger growth expected internationally compared to the U.S. [17][18] - Preliminary outlook for 2026 suggests similar RevPAR growth of 1.5%-2.5% as this year, with the World Cup expected to contribute positively [18][19] - Management remains optimistic about the future, citing strong cash flow performance and ongoing negotiations for credit card partnerships [14][22] Other Important Information - Membership in Marriott Bonvoy grew to nearly 260 million, up 18% year-over-year, enhancing customer engagement [11] - The company expects full-year G&A expenses to decline by 8%-9% due to efficiency initiatives [20][21] - Total investment spending for the year is expected to be around $1.1 billion, with a focus on growth and shareholder returns [22] Q&A Session Summary Question: Credit card program and renewal parameters - Management acknowledged ongoing negotiations and highlighted the growth of the Bonvoy program, which has doubled in membership since 2017 [24][27] Question: Health of franchisees and owner requests - Management noted record signings and efforts to enhance top-line performance, indicating strong franchisee health [36][39] Question: Investment spending trends - Management clarified that increased investment spending is related to tech transformation and existing hotel CapEx, not new development-related key money [44][45] Question: 2026 outlook and RevPAR growth - Management expects U.S. RevPAR to improve slightly, driven by the World Cup, with group pace up 7% [48][50] Question: Development environment in APAC and China - Management reported strong rooms growth and signings in Asia, particularly in Greater China, with a 24% increase in signings year-over-year [60][64] Question: Business transient trends - Management indicated flat global business transient RevPAR, with government transient down significantly, but larger corporate segments showing strength [66][68] Question: AI and digital distribution opportunities - Management expressed optimism about leveraging AI for distribution and enhancing customer experience through new channels [74][76]

Financial Data and Key Metrics Changes - Third quarter adjusted EBITDA rose 10% to $1.35 billion, exceeding expectations, while adjusted EPS grew 9% [15][21] - Global REVPAR increased by 0.5%, with nearly 1% ADR growth offsetting a 30 basis point decline in occupancy [15][17] - Total gross fee revenues increased 4% year-over-year to $1.34 billion, driven by rooms growth and strong co-branded credit card fee growth [15][16] Business Line Data and Key Metrics Changes - REVPAR growth was strongest in the luxury segment, which rose 4%, while select service brands in the US and Canada saw declines [8][9] - Incentive management fees (IMFs) totaled $148 million, down 7% year-over-year, primarily due to declines in the US and Canada [16] - Owned lease and other revenue net of expenses rose 16% compared to the prior year, driven by contributions from newly acquired properties [16] Market Data and Key Metrics Changes - International REVPAR grew 2.6%, outperforming the US and Canada, where REVPAR was down 0.4% [5][6] - APEC region saw nearly 5% REVPAR growth, driven by robust ADR growth and higher demand from international travelers [6][7] - Greater China faced challenges with flat REVPAR, impacted by macro conditions and multiple typhoons, although market share continued to grow [7][8] Company Strategy and Development Direction - The company aims to drive growth through technology transformation and expansion of its global portfolio, with a focus on high-end segments [10][12] - The launch of new brands like Outdoor Collection by Marriott Bonvoy reflects the company's strategy to diversify offerings and enhance guest experiences [10][11] - The company remains committed to maintaining an investment-grade rating while returning excess capital to shareholders through dividends and share repurchases [22] Management's Comments on Operating Environment and Future Outlook - Management anticipates global REVPAR growth of 1-2% in Q4, with stronger growth expected internationally compared to the US and Canada [17][18] - The preliminary outlook for 2026 suggests similar REVPAR growth of 1.5%-2.5%, with the World Cup expected to contribute positively [18][19] - Management expressed optimism about the future, citing strong cash flow performance and a robust pipeline of new hotel signings [21][22] Other Important Information - Membership in the Marriott Bonvoy loyalty program grew to nearly 260 million, up 18% year-over-year, enhancing guest engagement and value for owners [11] - The company is leveraging AI to improve customer experiences and operational efficiency [14][12] - The pipeline of new rooms reached a record high of over 596,000, with significant contributions from conversions [9][10] Q&A Session Summary Question: Credit card program and renewal parameters - Management acknowledged ongoing negotiations and highlighted the growth of the Bonvoy program, which has doubled in membership since 2017 [26][28] Question: Health of franchisee and owner requests - Management noted record signings and efforts to enhance top-line performance, indicating strong owner engagement [36][38] Question: Investment spending trends - Management clarified that increased investment spending is related to tech transformation and existing portfolio improvements, not a change in key money philosophy [44][45] Question: 2026 outlook and business transient trends - Management expects leisure to outperform business transient, with group pace showing positive signs for next year [46][49] Question: Development environment in APAC and China - Management reported strong growth in signings and room growth in APAC, particularly in Greater China, despite macro challenges [60][62] Question: Changes in underlying seasonality - Management observed an extension of peak seasonality into fall, with no significant shifts in customer mix from the US [78][81]