Marriott's Q4 2024 Earnings: A Strong Finish to a Record Year
Generated by AI AgentWesley Park
Wednesday, Feb 12, 2025 12:41 am ET1min read
FLEX--
Marriott International, Inc. (Nasdaq: MAR) reported its fourth quarter and full year 2024 results on February 11, 2025, capping off a year marked by record growth and expansion. The company's strong performance was driven by a robust recovery in travel demand, strategic development initiatives, and a focus on enhancing the guest experience.
Q4 2024 Highlights:
* Worldwide RevPAR increased by 5.0%, with 4.1% growth in the U.S. & Canada and 7.2% growth in international markets.
* Adjusted diluted EPS totaled $2.45, and adjusted net income was $686 million.
* Adjusted EBITDA totaled $1,286 million.
* Net rooms grew by 6.8% from year-end 2023, driven by record gross room additions of over 123,000 in 2024.
* The worldwide development pipeline reached nearly 3,800 properties and over 577,000 rooms at the end of the year.
* The company returned over $4.4 billion to shareholders through dividends and share repurchases in 2024.
Full Year 2024 Highlights:
* Global RevPAR rose by 4.3%, with net rooms growing to over 1.7 million worldwide at year-end.
* The company signed a record number of new deals, with conversions representing more than one-third of rooms signings and over half of room additions.
* Marriott enhanced its portfolio by opening 28 Four Points Flex hotels across EMEA and APEC and launching the City Express by Marriott brand in the U.S. & Canada.
* The company strengthened its non-traditional offerings by forming founding deals in the outdoor lodging segment with key players such as Postcard Cabins and Trailborn.
Marriott's strong Q4 2024 results and full year 2024 performance reflect the company's ability to capitalize on the continued recovery of the travel industry and its commitment to strategic growth initiatives. With an unparalleled global rooms distribution and brand portfolio, a leading loyalty program, and a dedicated team of associates, Marriott is well-positioned to take advantage of the continued momentum in travel and deliver strong, valuable growth in the long term.
As an investor, it's essential to stay informed about the latest trends and developments in the travel and hospitality industry. By following Marriott's progress and understanding the factors driving its success, you can make more informed decisions about your investments and capitalize on the opportunities presented by the continued recovery of the travel sector.
MAR--
Marriott International, Inc. (Nasdaq: MAR) reported its fourth quarter and full year 2024 results on February 11, 2025, capping off a year marked by record growth and expansion. The company's strong performance was driven by a robust recovery in travel demand, strategic development initiatives, and a focus on enhancing the guest experience.
Q4 2024 Highlights:
* Worldwide RevPAR increased by 5.0%, with 4.1% growth in the U.S. & Canada and 7.2% growth in international markets.
* Adjusted diluted EPS totaled $2.45, and adjusted net income was $686 million.
* Adjusted EBITDA totaled $1,286 million.
* Net rooms grew by 6.8% from year-end 2023, driven by record gross room additions of over 123,000 in 2024.
* The worldwide development pipeline reached nearly 3,800 properties and over 577,000 rooms at the end of the year.
* The company returned over $4.4 billion to shareholders through dividends and share repurchases in 2024.
Full Year 2024 Highlights:
* Global RevPAR rose by 4.3%, with net rooms growing to over 1.7 million worldwide at year-end.
* The company signed a record number of new deals, with conversions representing more than one-third of rooms signings and over half of room additions.
* Marriott enhanced its portfolio by opening 28 Four Points Flex hotels across EMEA and APEC and launching the City Express by Marriott brand in the U.S. & Canada.
* The company strengthened its non-traditional offerings by forming founding deals in the outdoor lodging segment with key players such as Postcard Cabins and Trailborn.
Marriott's strong Q4 2024 results and full year 2024 performance reflect the company's ability to capitalize on the continued recovery of the travel industry and its commitment to strategic growth initiatives. With an unparalleled global rooms distribution and brand portfolio, a leading loyalty program, and a dedicated team of associates, Marriott is well-positioned to take advantage of the continued momentum in travel and deliver strong, valuable growth in the long term.
As an investor, it's essential to stay informed about the latest trends and developments in the travel and hospitality industry. By following Marriott's progress and understanding the factors driving its success, you can make more informed decisions about your investments and capitalize on the opportunities presented by the continued recovery of the travel sector.
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