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Sep 30, 2021
Marriott Q3 2021 Earnings Report
Marriott's comparable systemwide constant dollar RevPAR increased, diluted EPS and adjusted diluted EPS increased, and net income increased compared to the year-ago quarter.
Key Takeaways
Marriott International reported a significant improvement in global trends for Q3 2021, despite the Delta variant's impact. Worldwide RevPAR was down 26% compared to Q3 2019, a considerable recovery from the previous quarter. The company added approximately 17,500 rooms globally and expects net rooms growth of approximately 3.5% for the year.
Third quarter 2021 comparable systemwide constant dollar RevPAR increased 118.4 percent worldwide compared to the 2020 third quarter.
Third quarter reported diluted EPS totaled $0.67, compared to reported diluted EPS of $0.31 in the year-ago quarter.
Third quarter reported net income totaled $220 million, compared to reported net income of $100 million in the year-ago quarter.
Adjusted EBITDA totaled $683 million in the 2021 third quarter, compared to third quarter 2020 adjusted EBITDA of $327 million.
Revenue by Segment
Forward Guidance
Marriott anticipates that full year 2021 investment spending will total $525 million to $550 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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