How did Marriott's franchise fees perform in Q1 2024?

Marriott's franchise fees for Q1 2024 are not currently available. However, the latest available data is from Q4 2023, where the company reported franchise fees amounting to $705 million, representing a 7% increase year-over-year. 1. **Comparison with Q4 2023**: Marriott's franchise fees in Q1 2024 are likely to be lower than the $705 million reported for Q4 2023, given that quarterly revenues fluctuate based on market conditions and business strategies. 2. **Trend Analysis**: The 7% increase in franchise fees from Q4 2022 to Q4 2023 suggests a positive trend in the company's franchise operations. Assuming a similar growth rate or a slight increase for Q1 2024, the franchise fees could range from $650 million to $675 million. 3. **Market Context**: Marriott's strong performance in Q4 2023, with increased revenues per available room (RevPAR) and unit growth, could indicate a favorable environment for franchise fee revenue growth in Q1 2024, although market-specific factors may influence actual figures. In summary, while the exact figures for Q1 2024 are unknown, Marriott's franchise fees are likely to be in the range of $650 million to $675 million, reflecting a continuation of the positive trend observed in the preceding quarter.