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Dec 31, 2021
Marriott Q4 2021 Earnings Report
Reported increased RevPAR and earnings per share.
Key Takeaways
Marriott International reported a strong fourth quarter in 2021, with significant increases in RevPAR and adjusted EBITDA. The company added over 86,000 rooms globally during the year and expects continued recovery and growth in 2022.
Comparable systemwide constant dollar RevPAR increased 124.5 percent worldwide compared to Q4 2020.
Reported diluted EPS totaled $1.42, compared to a reported diluted loss per share of $0.50 in the year-ago quarter.
Adjusted EBITDA totaled $741 million, compared to $317 million in Q4 2020.
The company added more than 86,000 rooms globally during 2021, with net rooms growth of 3.9 percent from year-end 2020.
Revenue by Segment
Forward Guidance
Marriott anticipates gross rooms growth approaching 5 percent and deletions of 1 to 1.5 percent, resulting in anticipated net rooms growth of 3.5 to 4 percent.
Positive Outlook
- Global recovery will progress meaningfully throughout 2022.
- New bookings across customer segments have rebounded to pre-Omicron levels.
- Momentum around conversions and our industry-leading pipeline.
- Focus on driving revenues, controlling costs, maximizing cash flow, and improving our credit metrics.
- Could begin returning cash to shareholders later in 2022.
Challenges Ahead
- Continued impact from Omicron.
- The impact from COVID-19 on travel.
- Numerous uncertainties associated with COVID-19.
- Severity and duration of the pandemic and its impacts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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