earnings
confidence high
sentiment positive
materiality 0.80
Marriott Q2 2022: RevPAR surpasses 2019 in June; adjusted EPS $1.80 vs $0.79 YoY
MARRIOTT INTERNATIONAL INC /MD/
2022-Q2 EPS reported
$3.20
revenue$9,537,000,000
- Second quarter RevPAR up 70.6% YoY worldwide; June RevPAR exceeded 2019 levels for the first time.
- Reported net income $678M ($2.06 diluted EPS); adjusted net income $593M ($1.80 adjusted diluted EPS).
- Adjusted EBITDA $1,019M, nearly double prior year; Q2 room additions of ~17k, 25% conversions.
- Resumed share repurchases: 1.9M shares for $300M in Q2; plans to return >$2.2B to shareholders in 2022.
- Q3 2022 RevPAR guidance: flat to +3% vs 2019 worldwide; full year RevPAR -6% to -3% vs 2019.