It wasn’t necessarily a banner year, but 2024 was a good
year for Marriott International.
The hotel giant announced fourth-quarter and full-year
earnings and was up in almost every category.
“Marriott achieved excellent results in 2024, as we
delivered best-in-class experiences that helped drive strong demand for our
industry-leading portfolio of brands,” Anthony Capuano, President and Chief
Executive Officer, said. “
“Full year global RevPAR rose 4.3 percent and, with record
gross room additions of over 123,000, net rooms grew 6.8 percent to over 1.7
million rooms worldwide at year-end,” Capuano continued.
- Fourth quarter 2024 RevPAR (Revenue per
available room) increased 5.0 percent worldwide, with 4.1 percent growth in the
U.S. and Canada and 7.2 percent growth in international markets
- Fourth quarter reported diluted EPS totaled
$1.63 and adjusted diluted EPS totaled $2.45
- Fourth quarter reported net income totaled $455
million and adjusted net income totaled $686 million
- Fourth quarter adjusted EBITDA totaled $1,286
million
- With record gross room additions of over 123,000
in 2024, net rooms grew 6.8 percent from year-end 2023
- At the end of the year, Marriott’s worldwide
development pipeline totaled nearly 3,800 properties and over 577,000 rooms
- The company returned over $4.4 billion to
shareholders through dividends and share repurchases in 2024
And Marriott continues
to expand.
“Looking ahead, I am incredibly optimistic about Marriott’s
future,” Capuano said. “With our unparalleled global rooms distribution and
brand portfolio, leading loyalty program with nearly 228 million Marriott
Bonvoy members and our dedicated associates, I believe Marriott is
well-positioned to take advantage of the continued momentum in travel.”
“With our powerful, cash-generating asset-light business
model, we look forward to delivering strong, valuable growth as we continue to
connect people around the world through the power of travel,” Capuano
concluded.
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