Marriott International ( (MAR) ) has released its Q4 earnings. Here is a breakdown of the information Marriott International presented to its investors.
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Marriott International, Inc., a leading global hospitality company, operates and franchises a wide range of lodging options, including hotels, residential, and timeshare properties across more than 9,300 locations worldwide.
Marriott International’s latest earnings report highlights a significant increase in its financial performance for the fourth quarter and full year of 2024. The company experienced a worldwide RevPAR growth of 5 percent for the fourth quarter, with notable gains in international markets. Additionally, Marriott achieved a record gross room addition of over 123,000 in 2024, contributing to a net room growth of 6.8 percent.
Key financial metrics from the fourth quarter of 2024 include an adjusted diluted EPS of $2.45 and an adjusted net income of $686 million. The company’s adjusted EBITDA totaled $1,286 million, reflecting a 7 percent increase from the previous year. Marriott also returned over $4.4 billion to shareholders through dividends and share repurchases during 2024. The development pipeline remains robust, with nearly 3,800 properties in progress, indicating continued expansion.
In conclusion, Marriott International is optimistic about its future prospects, leveraging its expansive global footprint and diverse brand portfolio. The company’s strategic investments and strong cash-generating asset-light business model position it well for sustained growth as it capitalizes on the ongoing momentum in the travel industry.
