Marriott Q1 net income $377M vs loss $11M YoY; reinstates $0.30 dividend

MARRIOTT INTERNATIONAL INC /MD/

2022-Q1 EPS reported $1.14 revenue$4,199,000,000

Reported diluted EPS $1.14 vs -$0.03; adjusted diluted EPS $1.25 vs $0.10 YoY.
Worldwide RevPAR +96.5% vs Q1 2021; -19.4% vs Q1 2019; U.S.&Canada RevPAR -14.5% vs 2019.
Adjusted EBITDA $759M, up from $296M in Q1 2021.
Board declares $0.30/share quarterly dividend, payable June 30, 2022, record May 16, 2022.
Added ~11,800 rooms in Q1; development pipeline ~489,000 rooms.

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