Marriott Q2 2024: RevPAR +4.9%, adjusted EPS $2.50 (beat), net income $772M, outlook narrowed

MARRIOTT INTERNATIONAL INC /MD/

2024-Q2 EPS reported $4.62 revenue$12,416,000,000

RevPAR worldwide +4.9% constant $; US&Canada +3.9%, international +7.4%.
Reported diluted EPS $2.69 (vs $2.38); adjusted diluted EPS $2.50 (vs $2.26). Net income $772M.
Adjusted EBITDA $1,324M, up from $1,219M; net rooms added ~15,500; total rooms ~1.66M.
Repurchased 4.1M shares for $1.0B in Q2; YTD returned $2.8B; expects $4.3B in 2024.
Full year RevPAR growth guidance narrowed to 3-4% worldwide; adjusted EPS guidance $9.23-$9.40.

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