Marriott Q1 2021 Earnings Report
Key Takeaways
Marriott International reported a net loss of $11 million and adjusted diluted EPS of $0.10 for the first quarter of 2021. The company added over 23,500 rooms globally and saw RevPAR declines of 46.3 percent worldwide compared to the 2020 first quarter.
First quarter 2021 comparable systemwide constant dollar RevPAR declined 46.3 percent worldwide, 46.3 percent in the U.S. & Canada, and 46.1 percent in international markets, compared to the 2020 first quarter.
First quarter reported diluted loss per share totaled $0.03, compared to reported diluted EPS of $0.09 in the year-ago quarter. First quarter adjusted diluted EPS totaled $0.10, compared to first quarter 2020 adjusted diluted EPS of $0.49.
First quarter reported net loss totaled $11 million, compared to reported net income of $31 million in the year-ago quarter. First quarter adjusted net income totaled $34 million, compared to first quarter 2020 adjusted net income of $160 million.
Adjusted EBITDA totaled $296 million in the 2021 first quarter, compared to first quarter 2020 adjusted EBITDA of $442 million.
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Marriott Revenue by Segment
Forward Guidance
Marriott cannot presently estimate the impact of COVID-19 on its future results, which is highly dependent on the severity and duration of the pandemic.
Revenue & Expenses
Visualization of income flow from segment revenue to net income