Marriott finished the year 2022 well 
Marriott is benefiting from the renewed dynamism in its sector. The hotel group has posted a good performance in the last quarter of 2022, exceeding analysts’ forecasts.
A nice Valentine’s Day for Marriott. Thanks to strong leisure demand, the hotel group yesterday, Feb. 14, posted rising earnings in the final quarter of 2022 that beat Wall Street estimates. “Our performance in 2022 was terrific”, said Anthony Capuano, Marriott International’s CEO. “Just two years after experiencing the steepest downturn in our company’s history, we have delivered record financial results.”
As a result, the hotel group reported operating income up 57 percent to about $996 million in the fourth quarter of 2022. Adjusted net income thus grew 54% to $673 million.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was up 47% to $1,090 million in Q4 2022. In the fourth quarter of 2022, global RevPAR (revenue per available room) increased 28.8%. It grew 23.6% in the U.S. and Canada, and 45.1% in international markets.
An expanding group
The U.S. group boosted its global lodging portfolio in 2022 with the addition of more than 65,000 rooms, including approximately 40,000 rooms in international markets (outside the U.S.). During the fourth quarter of 2022, the company added 145 properties (22,589 rooms). Of those, there were nearly 6,900 rooms converted from competing brands and approximately 16,700 rooms in international markets. By the end of 2022, Marriott’s global lodging system had nearly 8,300 properties, with more than 1,525,000 rooms.
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Featured photo : © Marriott Hotels
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