secwatch.observer — SEC 8-K summary
======================================

Issuer:     MARRIOTT INTERNATIONAL INC /MD/ (MAR)
CIK:        0001048286
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001628280-21-015244
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Q2 2021: net income $422M, adj. EPS $0.79; RevPAR up 262.6% YoY
------------------------------------------------------------------------

- Reported net income $422M (diluted EPS $1.28) vs net loss $234M a year ago; adjusted net income $260M (adj. EPS $0.79).
- Comparable systemwide RevPAR increased 262.6% YoY but down 43.8% vs Q2 2019; U.S. & Canada RevPAR +274.6%.
- Adjusted EBITDA $558M, up from $61M in prior-year quarter, driven by lodging demand recovery.
- Added ~25,000 rooms in Q2, including ~5,300 conversions; worldwide pipeline totals 2,750 properties (478,000 rooms).
- Full-year 2021 investment spending expected $575M-$625M; net debt $9.5B, liquidity $4.7B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048286/000162828021015244/0001628280-21-015244-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048286/000162828021015244/mar-20210803.htm
  HTML page:      https://secwatch.observer/filing/0001628280-21-015244

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer