Marriott reported earnings per share (EPS) of $2.58, slightly below the anticipated $2.60 but exceeded revenue expectations with $6.69 billion.The company's worldwide Revenue Per Available Room (RevPAR) increased by 1.9% in the fourth quarter, with international markets experiencing a notable 6.1% growth.Marriott's financial metrics reveal a price-to-earnings (P/E) ratio of approximately 34.46, indicating investor confidence in its earnings potential.Marriott International, Inc. (NASDAQ: MAR) is a leading g ...

Business Segments and Operations - The company operates in four reportable business segments: U.S. & Canada, EMEA, Greater China, and APEC, with Caribbean & Latin America results included in "Unallocated corporate and other" due to accounting criteria[15]. - The brand portfolio includes a total of 9,805 properties and 1,779,936 rooms across various quality tiers, with 1,065,108 rooms in the U.S. & Canada alone[20]. - The Luxury brand segment includes 130 properties and 50,891 rooms, while the Premium segment has 619 properties and 218,237 rooms[19]. - By year-end 2025, the company had 7,644 franchised, licensed, and other properties, totaling 1,183,513 rooms and timeshare units[24]. - The company operated 2,017 properties with 580,170 rooms at year-end 2025, which included properties under long-term management agreements[25]. Growth and Development - The company anticipates continued growth in its development pipeline, with expectations for room growth and capital expenditures to meet liquidity requirements[12]. - The company is exploring market expansion opportunities, particularly in emerging markets, to drive future growth[12]. - New product and technology developments are underway, aimed at enhancing guest experiences and operational efficiency[12]. Sustainability and Social Impact - The company has a strong focus on sustainability and social impact strategies, which are expected to enhance its market position[12]. - The company’s sustainability strategy focuses on integrating sustainable practices across energy, emissions, waste, and water management[51]. Loyalty Program - The company plans to expand its Loyalty Program, aiming to increase customer retention and engagement[12]. - Approximately 75% of U.S. hotel room nights and 68% of global hotel room nights were booked by Loyalty Program members in 2025[30]. - The company’s Loyalty Program is central to its business strategy, enhancing guest loyalty and generating repeat business[30]. - The company received fixed and variable amounts from co-branded credit card agreements, contributing to the funding of the Loyalty Program[31]. Financial Strategy and Capital Allocation - The company expects to continue share repurchases and dividend payments as part of its capital allocation strategy[12]. - The company has terminated its licensing agreement with Sonder Holdings Inc., indicating a strategic shift in its operational partnerships[20]. Market Share and Employment - The company has a 17% share of the U.S. hotel market and a 4% share of the hotel market outside the U.S., based on the number of rooms[38]. - At year-end 2025, the company managed approximately 414,000 associates, including 148,000 directly employed by the company[42]. Risk Management - The company is exposed to market risks primarily from changes in interest rates and currency exchange rates, managing this exposure through derivative arrangements and credit granting policies[174]. - The average interest rate for fixed-rate notes receivable is 3.90%, while for floating-rate notes receivable it is 8.57%[176]. - The total fair value of fixed-rate debt is $13.828 billion, with an average interest rate of 4.49%[176]. - The total fair value of floating-rate debt is $2.404 billion, with an average interest rate of 4.76%[176]. - The company intends to offset gains and losses related to forward contracts with those related to cash and intercompany loan balances, resulting in negligible effects on earnings[175]. - Scheduled maturities for fixed-rate notes receivable total $18 million by 2030, with a fair value of $35 million[176]. - Scheduled maturities for floating-rate notes receivable total $126 million by 2030, with a fair value of $128 million[176]. - The company does not foresee significant changes in its exposure to fluctuations in interest rates or currency rates in the future[174]. - The company continues to have exposure to market risks to the extent they are not hedged[175]. - The total carrying amount of fixed-rate debt is $6.924 billion, with scheduled maturities extending to 2030[176]. Management Agreements and Pay Equity - The company’s management agreements typically last 20 to 30 years, with options for renewal, and include performance metrics for hotel owners[26]. - The company is committed to maintaining pay equity and conducts annual pay equity audits in the U.S.[48].

Core Insights - Marriott International, Inc. reported fourth-quarter 2025 results with adjusted earnings missing estimates while revenues exceeded expectations, showing year-over-year growth in both metrics [1][5][10] Financial Performance - Adjusted earnings per share (EPS) for Q4 was $2.58, below the Zacks Consensus Estimate of $2.64, compared to $2.45 in the prior-year quarter [5][10] - Quarterly revenues reached $6.69 billion, surpassing the consensus mark of $6.68 billion, reflecting a 4.1% increase year-over-year [8][10] - Revenue from base management and franchise fees was $343 million and $795 million, up 3% and 6% year-over-year, respectively [9] - Incentive management fees rose to $239 million, a 16% increase from $206 million in the prior-year quarter [11] - Total expenses for Q4 were $5.91 billion, up from $5.68 billion in the prior-year quarter [14] Operational Highlights - Global RevPAR (Revenue per Available Room) increased by 1.9% year-over-year, driven by international markets and higher average daily rates [10][12] - The company reported a robust development pipeline with 4,056 hotels, including 1,648 properties under construction [16] - Strong loyalty engagement contributed significantly to growth, with member stays accounting for a large portion of global room nights [3] Future Outlook - For Q1 2026, management anticipates gross fee revenues between $1.37 billion and $1.38 billion, with adjusted EBITDA expected to be between $1.31 billion and $1.33 billion [18] - The company projects worldwide system-wide RevPAR to increase by 1.5% to 2.5% year-over-year in 2026 [18] - Adjusted diluted EPS for 2026 is expected to be in the range of $11.32 to $11.57 [20]

The economy resembles a dual-track highway as seen through the prism of hotel giant Marriott (MAR). "I mean, there is certainly — pick your description — a K-shaped economic bifurcation of the consumer. We continue to see really consistent strength across luxury for the full year," Marriott CEO Anthony Capuano said on Yahoo Finance (video above). He added that it seems like Marriott's business is "firing on all cylinders," pointing to a lot of new hotels being built alongside strength with higher-income ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Insights - Marriott's shares increased after the company reported a strong revenue per available room (RevPAR) performance, despite missing earnings expectations and providing solid guidance for 2026 [1][3]. Group 1: Revenue Performance - The global luxury RevPAR increased over 6% year-over-year, indicating strong demand in the luxury segment [3]. - In the U.S. and Canada, RevPAR would have increased by about 1% if not for the impact of the government shutdown, which affected operations for approximately 43 days [5]. - The company has about 10% of its global inventory and pipeline in the luxury tier, benefiting from the K-shaped economy [6]. Group 2: Travel Trends - There is a noticeable decline in international inbound travel to the U.S., which may impact domestic tourism and events like the World Cup [7]. - However, cross-border travel globally is ahead of 2019 levels, suggesting a recovery in international travel [8]. Group 3: Business Travel - Leisure travel was the strongest segment for the quarter and the year, followed by group travel, while business transient travel remained flat [9]. - The company anticipates low to mid-single-digit increases in rates for special corporate business negotiations, indicating a positive outlook for business travel [10].

Marriott International (NasdaqGS:MAR) Q4 2025 Earnings call February 10, 2026 08:30 AM ET Company ParticipantsJackie McConagha - SVP of Investor RelationsLeeny Oberg - CFORichard Clarke - Managing DirectorStephen Grambling - Managing Director and the Head of U.S. Gaming, Lodging, and Leisure ResearchTony Capuano - CEOConference Call ParticipantsAri Klein - Director and Equity Research AnalystBrandt Montour - Director and Senior Equity Research AnalystConor Cunningham - Director and Senior Equity Research An ...

Marriott International (NasdaqGS:MAR) Q4 2025 Earnings call February 10, 2026 08:30 AM ET Company ParticipantsAnthony Capuano - CEOJackie Burka McConagha - SVP of Investor RelationsLeeny Oberg - CFORichard Clarke - Managing DirectorStephen Grambling - Managing Director and the Head of U.S. Gaming, Lodging, and Leisure ResearchConference Call ParticipantsAri Klein - Director and Equity Research AnalystBrandt Montour - Director and Senior Equity Research AnalystConor Cunningham - Director and Senior Equity Re ...

Marriott International (NasdaqGS:MAR) Q4 2025 Earnings call February 10, 2026 08:30 AM ET Speaker8Please note that this call is being recorded, and we're standing by should you need any assistance. It is now my pleasure to turn the meeting over to Jackie McConagha, Senior Vice President of Investor Relations. Please go ahead, ma'am.Speaker5Good morning, everyone, and welcome to Marriott's fourth quarter 2025 earnings call. On the call with me today are Tony Capuano, our President and Chief Executive Officer ...

分组1 - Marriott International reported quarterly earnings of $2.58 per share, missing the Zacks Consensus Estimate of $2.64 per share, but showing an increase from $2.45 per share a year ago, resulting in an earnings surprise of -2.33% [1] - The company posted revenues of $6.69 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.13% and increasing from $6.43 billion year-over-year [2] - Over the last four quarters, Marriott has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] 分组2 - The stock has gained approximately 6.8% since the beginning of the year, outperforming the S&P 500's gain of 1.7% [3] - The current consensus EPS estimate for the coming quarter is $2.56 on revenues of $6.54 billion, and for the current fiscal year, it is $11.54 on revenues of $27.9 billion [7] - The Zacks Industry Rank indicates that the Hotels and Motels sector is currently in the bottom 27% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]