Marriott International has released its financial results for the fourth quarter and full year 2024. The results show a solid performance, marked by an increase in RevPAR (revenue generated per room), a significant expansion of its room portfolio and a substantial return to shareholders.
The hotel group’s Q4 adjusted net profit performed well, with a total of $686 million, although this had risen to $1,055 million for the same period in 2023, partly due to tax benefits obtained the previous year.
For the fourth quarter of 2024, Marriott International reported an increase in worldwide RevPAR of 5.0%. This figure reflects a 4.1% increase in the U.S. and Canadian markets, as well as 7.2% growth in international markets.
Reported earnings per diluted share (EPS) for the quarter were $1.63, down from $2.87 in the fourth quarter of 2023. However, adjusted diluted EPS was higher at $2.45, compared with $3.57 last year. Adjusted earnings exclude certain exceptional items such as restructuring and merger-related charges and gains on asset disposals. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter reached $1.286 billion, up 7% on fourth-quarter 2023 adjusted EBITDA of $1.197 billion.
Continued portfolio growth
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