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Dec 31, 2024
Marriott Q4 2024 Earnings Report
Key Takeaways
Marriott International reported a strong fourth quarter with worldwide RevPAR growth of 5%, driven by both ADR and occupancy gains. Adjusted diluted EPS was $2.45, while reported diluted EPS was $1.63. Net income reached $455 million, with adjusted net income totaling $686 million. Adjusted EBITDA increased 7% year-over-year to $1,286 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Marriott anticipates continued growth in 2025, projecting global RevPAR growth of 2% to 4%, net rooms growth of 4% to 5%, and adjusted EPS between $9.82 and $10.19.
Positive Outlook
- Expected worldwide RevPAR growth of 2% to 4%
- Net rooms growth projected at 4% to 5%
- Strong demand in international markets
- Continued expansion of the Marriott Bonvoy loyalty program
- Asset-light business model supporting cash generation
Challenges Ahead
- Higher interest expenses due to increased debt levels
- Softening demand in Greater China impacting performance
- Potential impact of global macroeconomic conditions
- Higher tax rate expected at approximately 26%
- Rising operational costs and labor expenses
Historical Earnings Impact
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Avg. Return Before/After Earnings
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