Marriott Q3 adjusted EPS $2.11 vs $1.69 YoY; raises FY RevPAR growth guidance to 14-15%

MARRIOTT INTERNATIONAL INC /MD/

2023-Q3 EPS reported $7.32 revenue$17,618,000,000

Adjusted diluted EPS $2.11, up from $1.69; reported net income $752M vs $630M.
Worldwide comparable RevPAR +8.8% constant dollar; International RevPAR +21.8%.
Added ~17,200 rooms in Q3; pipeline ~557,000 rooms, 43% under construction.
FY2023 RevPAR growth guidance raised to 14-15% (from prior implied); expects $4.3-4.5B shareholder return.
Repurchased 4.8M shares for $950M in Q3; YTD returned $3.7B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARRIOTT INTERNATIONAL INC /MD/ reported Third Quarter 2023 results: net income $752 million, EPS $2.51. Guidance raised.

Period: Third Quarter 2023
Net income: $752 million
EPS: $2.51
Guidance: raised
Result: reported results

Exact text from the filing

BETHESDA, MD – November 2, 2023 - Marriott International, Inc. (NASDAQ: MAR) today reported third quarter 2023 results. Anthony Capuano, President and Chief Executive Officer, said, “We are extremely pleased with our results in the quarter. Worldwide RevPAR 1 grew 9 percent year over year, reflecting robust demand around the world. International RevPAR increased 22 percent, with particular strength in Asia Pacific. Both occupancy and rate contributed to global RevPAR gains in the third quarter, and cross-border travel continued to rise. 1 All occupancy, Average Daily Rate (ADR) and RevPAR statistics and estimates are systemwide constant dollar. Unless otherwise stated, all changes refer to year-over-year changes for the comparable period. Occupancy, ADR and RevPAR comparisons between 2023 and 2022 reflect properties that are comparable in both years. 1 “In the U.S. & Canada, RevPAR rose more than 4 percent, with many urban markets showing outsized growth. Group and business transient s

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Source: SEC EDGAR

accession 0001628280-23-036166

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