The earnings call highlighted strong global growth in net rooms and RevPAR, as well as significant development pipeline expansion. However, challenges in Greater China and anticipated impacts from the U.S. election were notable concerns. The company is also undertaking cost-saving initiatives that involve substantial restructuring charges.

Company Guidance

During the third quarter 2024 earnings call for Marriott International, the company reported several key metrics reflecting their ongoing business momentum. Net rooms grew nearly 6% year-over-year, with global RevPAR increasing by 3%, driven by a 2.5% rise in average daily rate (ADR). Group RevPAR saw a notable 10% year-over-year increase, marking the second consecutive quarter of robust performance in this segment. Despite macroeconomic challenges, Greater China experienced a RevPAR decline of 8%, while internationally, RevPAR growth was strong, particularly in Europe, the Middle East, Africa, and Asia Pacific (excluding China), with a 9% increase. Marriott's development activities remained vigorous, with a pipeline of 585,000 rooms, and they added approximately 16,000 net rooms during the quarter. The company also announced a strategic initiative to achieve $80 million to $90 million in annual pretax general and administrative cost reductions beginning in 2025. Adjusted EBITDA for the quarter rose 8% to $1.2 billion, while adjusted EPS increased by 7% to $2.26. For the full year 2024, Marriott anticipated global RevPAR growth of 3% to 4%, alongside gross fee revenue growth of 6% to 7%.

Net Rooms Growth

Net rooms grew nearly 6% year-over-year with strong development activity.

Global RevPAR Increase

Global RevPAR increased 3% driven by 2.5% ADR growth.

Group Revenue and Future Pacing

Group RevPAR rose 10% year-over-year. Group revenues for 2025 are pacing up 7%.

International RevPAR Growth

RevPAR grew 5% internationally, with notable 9% increases in EMEA and APAC regions excluding China.

Record Loyalty Program Growth

Marriott Bonvoy membership grew to over 219 million members, a record quarter of enrollments.

Strong Development Pipeline

Pipeline grew 5% to a record 585,000 rooms with significant conversion activities.

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Marriott International (IT:1MAR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IT:1MAR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 06, 2018	2018 (Q2)	- / 1.68	1.097	53.10% (+0.58)	―	―
Nov 05, 2018	2018 (Q3)	- / 1.65	1.068	54.55% (+0.58)	―	―
Feb 28, 2019	2018 (Q4)	- / 1.40	1.087	28.57% (+0.31)	―	―
May 10, 2019	2019 (Q1)	- / 1.37	1.301	5.22% (+0.07)	―	―
Aug 05, 2019	2019 (Q2)	- / 1.51	1.68	-9.83% (-0.17)	―	―
Nov 04, 2019	2019 (Q3)	- / 1.43	1.65	-13.53% (-0.22)	―	―
Feb 26, 2020	2019 (Q4)	- / 1.52	1.398	9.03% (+0.13)	―	―
May 11, 2020	2020 (Q1)	- / 0.25	1.369	-81.56% (-1.12)	―	―
Aug 10, 2020	2020 (Q2)	- / -0.62	1.515	-141.03% (-2.14)	―	―
Nov 06, 2020	2020 (Q3)	- / 0.06	1.427	-95.92% (-1.37)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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IT:1MAR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 04, 2024	€240.65	€233.97	-2.78%
Jul 31, 2024	€221.99	€206.18	-7.13%
Feb 13, 2024	€227.76	€216.33	-5.02%
Nov 02, 2023	€174.78	€171.54	-1.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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