It wasnt necessarily a banner year, but 2024 was a good
year for Marriott International.
The hotel giant announced fourth-quarter and full-year
earnings and was up in almost every category.
Marriott achieved excellent results in 2024, as we
delivered best-in-class experiences that helped drive strong demand for our
industry-leading portfolio of brands, Anthony Capuano, President and Chief
Executive Officer, said.
Full year global RevPAR rose 4.3 percent and, with record
gross room additions of over 123,000, net rooms grew 6.8 percent to over 1.7
million rooms worldwide at year-end, Capuano continued.
- Fourth quarter 2024 RevPAR (Revenue per
available room) increased 5.0 percent worldwide, with 4.1 percent growth in the
U.S. and Canada and 7.2 percent growth in international markets
- Fourth quarter reported diluted EPS totaled
$1.63 and adjusted diluted EPS totaled $2.45
- Fourth quarter reported net income totaled $455
million and adjusted net income totaled $686 million
- Fourth quarter adjusted EBITDA totaled $1,286
million
- With record gross room additions of over 123,000
in 2024, net rooms grew 6.8 percent from year-end 2023
- At the end of the year, Marriotts worldwide
development pipeline totaled nearly 3,800 properties and over 577,000 rooms
- The company returned over $4.4 billion to
shareholders through dividends and share repurchases in 2024
And Marriott continues
to expand.
Looking ahead, I am incredibly optimistic about Marriotts
future, Capuano said. With our unparalleled global rooms distribution and
brand portfolio, leading loyalty program with nearly 228 million Marriott
Bonvoy members and our dedicated associates, I believe Marriott is
well-positioned to take advantage of the continued momentum in travel.
With our powerful, cash-generating asset-light business
model, we look forward to delivering strong, valuable growth as we continue to
connect people around the world through the power of travel, Capuano
concluded.?
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