For a summary of quarterly highlights, please visit: https://news.marriott.com/static-assets/component-resources/newscenter/earnings/2025/2025-q1-earnings-infographic.pdf
BETHESDA, Md., May 6, 2025 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today reported first quarter 2025 results.
Anthony Capuano, President and Chief Executive Officer, said, "The combination of continued travel demand, the strength of our brands and our fee driven business model drove strong financial results in the first quarter. Despite heightened macro-economic uncertainty, global RevPAR rose over 4 percent, primarily driven by higher ADR, and our development momentum remained positive. Our international markets experienced particularly robust growth, with RevPAR increasing nearly 6 percent, led by double-digit gains in APEC. RevPAR in the U.S. & Canada rose over 3 percent in the first quarter, although we did see slower growth in March.
"The strong momentum in our development activity continued, with record first quarter signings of over 34,000 rooms, of which two-thirds were in international markets. Conversions remained a key driver of growth, representing around a third of our room signings and openings.
"We are committed to growing our global portfolio and enhancing offerings for our guests, Marriott Bonvoy members and hotel owners. Last week, we announced that we have reached an agreement to acquire the citizenM brand, an innovative lifestyle lodging offering in the select-service segment. We are excited about the global growth prospects for this brand, given the unique and differentiated nature of the offering and our successful track record with other acquired brands like AC Hotels. Our net rooms growth outlook remains strong, and we now expect our full year 2025 net rooms growth to approach 5 percent, assuming the purchase closes before year end.
"We remain focused on expanding our industry-leading Marriott Bonvoy travel platform and loyalty program membership and on deepening engagement through numerous unique experiences and collaborations. By the end of March, our loyalty program membership base had grown to nearly 237 million members worldwide.
"Despite uncertainty about the macro-economic outlook, we are confident that the power of our industry-leading global portfolio, the strength of our Marriott Bonvoy travel platform and loyalty program, our dedicated associates, and resilient asset-light business model, position us very well for sustainable, long-term growth."
First Quarter 2025 Results
Base management and franchise fees totaled $1,071 million in the 2025 first quarter, a 7 percent increase compared to base management and franchise fees of $1,001 million in the year-ago quarter. The increase is primarily attributable to RevPAR increases and unit growth, as well as higher residential and co-branded credit card fees.
Incentive management fees totaled $204 million in the 2025 first quarter, compared to $209 million in the 2024 first quarter. Managed hotels in international markets contributed nearly two-thirds of the incentive fees earned in the quarter.
Owned, leased, and other revenue, net of direct expenses, totaled $65 million in the 2025 first quarter, compared to $71 million in the 2024 first quarter. The decrease was primarily driven by lower termination fees.
General, administrative, and other expenses for the 2025 first quarter totaled $245 million, compared to $261 million in the year-ago quarter. The year-over-year decline largely reflects lower compensation costs primarily resulting from our enterprise-wide initiative to enhance effectiveness and efficiency across the company.
Interest expense, net, totaled $183 million in the 2025 first quarter, compared to $153 million in the year-ago quarter. The increase was largely due to higher interest expense associated with higher debt balances.
In the 2025 first quarter, the provision for income taxes totaled $99 million compared to $163 million in the 2024 first quarter. The year-over-year change primarily reflects an $86 million favorable impact from the release of certain tax reserves.
Marriott's reported operating income totaled $948 million in the 2025 first quarter, compared to 2024 first quarter reported operating income of $876 million. Reported net income totaled $665 million in the 2025 first quarter, an 18 percent increase compared to 2024 first quarter reported net income of $564 million. Reported diluted earnings per share (EPS) totaled $2.39 in the quarter, compared to reported diluted EPS of $1.93 in the year-ago quarter.
Adjusted operating income in the 2025 first quarter totaled $1,016 million, compared to 2024 first quarter adjusted operating income of $952 million. First quarter 2025 adjusted net income totaled $645 million, compared to 2024 first quarter adjusted net income of $620 million. Adjusted diluted EPS in the 2025 first quarter totaled $2.32, compared to adjusted diluted EPS of $2.13 in the year-ago quarter. The 2025 first quarter adjusted results excluded the benefit of an income tax special item of $71 million ($0.25 per share).
Adjusted results also excluded cost reimbursement revenue, reimbursed expenses, and restructuring and merger-related charges. See the press release schedules for the calculation of adjusted results and the manner in which the adjusted measures are determined in this press release.
Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) totaled $1,217 million in the 2025 first quarter, a 7 percent increase compared to first quarter 2024 adjusted EBITDA of $1,142 million. See the press release schedules for the adjusted EBITDA calculation.
Selected Performance Information
The company added roughly 12,200 net rooms during the quarter, including more than 7,300 net rooms in international markets. At the end of the quarter, Marriott's global system totaled nearly 9,500 properties, with approximately 1,719,000 rooms.
At the end of the quarter, the company's worldwide development pipeline totaled 3,808 properties with more than 587,000 rooms, including 171 properties with over 27,000 rooms approved for development, but not yet subject to signed contracts. The quarter-end pipeline included 1,447 properties with nearly 244,000 rooms under construction, including hotels that are in the process of converting to our system. Over half of the rooms in the quarter-end pipeline are in international markets. We also expect additional properties to join our system upon closing of our planned acquisition of the citizenM brand. The citizenM portfolio currently includes 36 open hotels with 8,544 rooms and 3 pipeline hotels with over 600 rooms.
In the 2025 first quarter, worldwide RevPAR increased 4.1 percent (a 2.7 percent increase using actual dollars) compared to the 2024 first quarter. RevPAR in the U.S. & Canada increased 3.3 percent (a 3.0 percent increase using actual dollars), and RevPAR in international markets increased 5.9 percent (a 2.2 percent increase using actual dollars).
Balance Sheet & Common Stock
At the end of the quarter, Marriott's total debt was $15.1 billion and cash and equivalents totaled $0.5 billion, compared to $14.4 billion in debt and $0.4 billion of cash and equivalents at year-end 2024.
The company repurchased 2.8 million shares of common stock in the 2025 first quarter for $0.8 billion. Year to date through April 29, the company has repurchased 3.9 million shares for $1.0 billion.
Company Outlook
The Company's updated outlook generally assumes the continuation of current booking trends. Compared to prior expectations, it incorporates somewhat softer expectations in the U.S. & Canada region.
| | Second Quarter 2025 vs. Second Quarter 2024 | Full Year 2025 vs. Full Year 2024 |
| Comparable systemwide constant $ RevPAR growth | | |
| Worldwide | 1.5% to 2.5% | 1.5% to 3.5% |
| | ||
| | | Year-End 2025 vs. Year-End 2024 |
| Net rooms growth | | Approaching 5% |
| | ||
| ($ in millions, except EPS) | Second Quarter 2025 | Full Year 2025 |
| Gross fee revenues | $1,380 to $1,395 | $5,365 to $5,475 |
| Owned, leased, and other revenue, net of direct | Approx. $100 | $345 to $355 |
| General, administrative, and other expenses | $245 to $240 | $985 to $965 |
| Adjusted EBITDA1,2 | $1,370 to $1,390 | $5,285 to $5,425 |
| Adjusted EPS – diluted2,3 | $2.57 to $2.62 | $9.82 to $10.19 |
| Effective tax rate | Approx. 27% | Approx. 26% |
| Investment spending (including $355 million for citizenM)4 | | $1,355 to $1,455 |
| Capital return to shareholders5 | | Approx. $4,000 |
| |
| 1See the press release schedules for the adjusted EBITDA calculations. |
| 2Adjusted EBITDA and Adjusted EPS – diluted for second quarter and full year 2025 do not include cost reimbursement revenue, reimbursed expenses, restructuring and merger-related charges, income tax special items or any potential asset sales or property or brand acquisitions that may occur during the year (other than our planned acquisition of the citizenM brand, which we assume to occur in the second half of 2025), each of which the company cannot forecast with sufficient accuracy and without unreasonable efforts, and which may be significant. Adjusted EPS – diluted for full year 2025 excludes the benefit of an income tax special item of $71 million. |
| 3Assumes the level of capital return to shareholders noted above. |
| 4This outlook assumes funding of $355 million to complete the citizenM acquisition in the second half of 2025. Investment spending includes capital and technology expenditures, loan advances, contract acquisition costs, and other investing activities, but excludes any other potential property or brand acquisitions, which we cannot forecast with sufficient accuracy and which may be significant. |
| 5Assumes the level and types of investment spending noted above and that no asset sales or property or brand acquisitions occur during the year (other than our planned acquisition of the citizenM brand, which we assume to occur in the second half of 2025). |
Marriott International, Inc. (Nasdaq: MAR) will conduct its quarterly earnings review for the investment community and news media on Tuesday, May 6, 2025, at 8:30 a.m. Eastern Time (ET). The conference call will be webcast simultaneously via Marriott's investor relations website at http://www.marriott.com/investor, click on "Events & Presentations" and click on the quarterly conference call link. A replay will be available at that same website until May 6, 2026.
The telephone dial-in number for the conference call is US Toll Free: 800-274-8461, or Global: +1 203-518-9814. The conference ID is MAR1Q25. A telephone replay of the conference call will be available from 1:00 p.m. ET, Tuesday, May 6, 2025, until 8:00 p.m. ET, Tuesday, May 13, 2025. To access the replay, call US Toll Free: 800-723-0520 or Global: +1 402-220-2653 using conference ID MAR1Q25.
Note on forward-looking statements: All statements in this press release and the accompanying schedules are made as of May 6, 2025. We undertake no obligation to publicly update or revise these statements, whether as a result of new information, future events or otherwise. This press release and the accompanying schedules contain "forward-looking statements" within the meaning of federal securities laws, including statements related to our RevPAR, rooms growth and other financial metric estimates, outlook and assumptions; cash generation and shareholder returns; our growth prospects; our development pipeline; our expectations regarding acquisition of the citizenM brand and the brand's growth prospects; our Marriott Bonvoy travel platform and loyalty program; our expectations regarding new offerings; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous evolving risks and uncertainties that we may not be able to accurately predict or assess, including failure to satisfy the conditions to the consummation of the citizenM transaction; uncertainty resulting from economic, political or other global, national, and regional conditions and events, including related to tariffs, trade, travel and other policies; and the risk factors that we describe in our U.S. Securities and Exchange Commission filings, including our most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release.
ABOUT MARRIOTT INTERNATIONAL
Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of nearly 9,500 properties across more than 30 leading brands in 144 countries and territories. Marriott operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties all around the world. The company offers Marriott Bonvoy®, its highly awarded travel platform. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on X and Instagram.
Marriott encourages investors, the media, and others interested in the company to review and subscribe to the information Marriott posts on its investor relations website at www.marriott.com/investor or Marriott's news center website at www.marriottnewscenter.com, which may be material. The contents of these websites are not incorporated by reference into this press release or any report or document Marriott files with the U.S. Securities and Exchange Commission, and any references to the websites are intended to be inactive textual references only.
| | | | | |
| 1All occupancy, Average Daily Rate (ADR) and Revenue Per Available Room (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 2025 and 2024 reflect properties that are comparable in both years. | ||||
IRPR#1
Tables follow
| MARRIOTT INTERNATIONAL, INC. | |
| PRESS RELEASE SCHEDULES | |
| TABLE OF CONTENTS | |
| QUARTER 1, 2025 | |
| | |
| Consolidated Statements of Income - As Reported | A-2 |
| Non-GAAP Financial Measures | A-3 |
| Total Lodging Products by Ownership Type | A-4 |
| Total Lodging Products by Tier | A-6 |
| Key Lodging Statistics | A-8 |
| Adjusted EBITDA | A-10 |
| Adjusted EBITDA Forecast - Second Quarter 2025 | A-11 |
| Adjusted EBITDA Forecast - Full Year 2025 | A-12 |
| Explanation of Non-GAAP Financial and Performance Measures | A-13 |
A-1
| MARRIOTT INTERNATIONAL, INC. | ||||||
| CONSOLIDATED STATEMENTS OF INCOME - AS REPORTED | ||||||
| FIRST QUARTER 2025 AND 2024 | ||||||
| ($ in millions except per share amounts, unaudited) | ||||||
| | | | | | | |
| | | As Reported | | As Reported | | Percent |
| | | Three Months Ended | | Three Months Ended | | Better/(Worse) |
| | | March 31, 2025 | | March 31, 2024 | | Reported 2025 vs. 2024 |
| REVENUES | | | | | | |
| Base management fees | | $ 325 | | $ 313 | | 4 |
| Franchise fees1 | | 746 | | 688 | | 8 |
| Incentive management fees | | 204 | | 209 | | (2) |
| Gross fee revenues | | 1,275 | | 1,210 | | 5 |
| Contract investment amortization2 | | (28) | | (23) | | (22) |
| Net fee revenues | | 1,247 | | 1,187 | | 5 |
| Owned, leased, and other revenue3 | | 361 | | 357 | | 1 |
| Cost reimbursement revenue4 | | 4,655 | | 4,433 | | 5 |
| | | 6,263 | | 5,977 | | 5 |
| | | | | | | |
| OPERATING COSTS AND EXPENSES | | | | | | |
| Owned, leased, and other - direct5 | | 296 | | 286 | | (3) |
| Depreciation, amortization, and other6 | | 51 | | 45 | | (13) |
| General, administrative, and other7 | | 245 | | 261 | | 6 |
| Restructuring and merger-related charges | | 1 | | 8 | | 88 |
| Reimbursed expenses4 | | 4,722 | | 4,501 | | (5) |
| | | 5,315 | | 5,101 | | (4) |
| | | | | | | |
| OPERATING INCOME | | 948 | | 876 | | 8 |
| | | | | | | |
| (Losses) gains and other income, net8 | | (2) | | 4 | | (150) |
| Interest expense | | (192) | | (163) | | (18) |
| Interest income | | 9 | | 10 | | (10) |
| Equity in earnings9 | | 1 | | — | | * |
| | | | | | | |
| INCOME BEFORE INCOME TAXES | | 764 | | 727 | | 5 |
| | | | | | | |
| Provision for income taxes | | (99) | | (163) | | 39 |
| | | | | | | |
| NET INCOME | | $ 665 | | $ 564 | | 18 |
| | | | | | | |
| EARNINGS PER SHARE | | | | | | |
| Earnings per share - basic | | $ 2.40 | | $ 1.94 | | 24 |
| Earnings per share - diluted | | $ 2.39 | | $ 1.93 | | 24 |
| | | | | | | |
| Basic shares | | 276.9 | | 290.4 | | |
| Diluted shares | | 277.7 | | 291.6 | | |
| | ||||||
| * Calculated percentage is not meaningful. | ||||||
| 1 Franchise fees include fees from our franchise and license agreements for lodging properties (including our timeshare properties), application and relicensing fees, co-branded credit card fees, and residential branding fees. | ||||||
| 2 Contract investment amortization includes amortization of capitalized costs to obtain contracts with customers and any related impairments. | ||||||
| 3 Owned, leased, and other revenue includes revenue from the properties we own or lease, termination fees, and other revenue. | ||||||
| 4 Cost reimbursement revenue includes reimbursements from hotel owners and certain other counterparties for property-level and centralized programs and services that we operate for their benefit. Reimbursed expenses include costs incurred by Marriott for certain property-level operating expenses and centralized programs and services that we operate for the benefit of our hotel owners and certain other counterparties. | ||||||
| 5 Owned, leased, and other - direct expenses include operating expenses related to our owned or leased hotels, including lease payments and pre-opening expenses. | ||||||
| 6 Depreciation, amortization, and other expenses include depreciation for fixed assets, amortization of acquired contracts, software, and other definite-lived intangible assets, and any related impairments, accelerations, or write-offs. | ||||||
| 7 General, administrative, and other expenses include our corporate and business segments overhead costs and general expenses. | ||||||
| 8 (Losses) gains and other income, net includes gains and losses on the sale of real estate, the sale of joint venture interests and other investments, and adjustments from other equity investments. | ||||||
| 9 Equity in earnings include our equity in earnings or losses of unconsolidated equity method investments. |
A-2
| MARRIOTT INTERNATIONAL, INC. | |||||
| NON-GAAP FINANCIAL MEASURES | |||||
| ($ in millions except per share amounts) | |||||
| | | | | | |
| The following table presents our reconciliations of Adjusted operating income, Adjusted operating income margin, Adjusted net | |||||
| | | | | | |
| | Three Months Ended | ||||
| | | | | | Percent |
| | March 31, | | March 31, | | Better/ |
| | 2025 | | 2024 | | (Worse) |
| Total revenues, as reported | $ 6,263 | | $ 5,977 | | |
| Less: Cost reimbursement revenue | (4,655) | | (4,433) | | |
| Adjusted total revenues† | 1,608 | | 1,544 | | |
| | | | | | |
| | | | | | |
| Operating income, as reported | 948 | | 876 | | |
| Less: Cost reimbursement revenue | (4,655) | | (4,433) | | |
| Add: Reimbursed expenses | 4,722 | | 4,501 | | |
| Add: Restructuring and merger-related charges | 1 | | 8 | | |
| Adjusted operating income† | 1,016 | | 952 | | 7 |
| | | | | | |
| | | | | | |
| Operating income margin | 15 % | | 15 % | | |
| Adjusted operating income margin† | 63 % | | 62 % | | |
| | | | | | |
| | | | | | |
| Net income, as reported | 665 | | 564 | | |
| Less: Cost reimbursement revenue | (4,655) | | (4,433) | | |
| Add: Reimbursed expenses | 4,722 | | 4,501 | | |
| Add: Restructuring and merger-related charges | 1 | | 8 | | |
| Income tax effect of above adjustments | (17) | | (20) | | |
| Less: Income tax special items | (71) | | — | | |
| Adjusted net income† | $ 645 | | $ 620 | | 4 |
| | | | | | |
| Diluted earnings per share, as reported | $ 2.39 | | $ 1.93 | | |
| Adjusted diluted earnings per share† | $ 2.32 | | $ 2.13 | | 9 |
| | |||||
| † Denotes non-GAAP financial measures. Please see Explanation of Non-GAAP Financial and Performance Measures in these Press Release Schedules for information about our reasons for providing these alternative financial measures and the limitations on their use. |
A-3
| MARRIOTT INTERNATIONAL, INC. | ||||||
| TOTAL LODGING PRODUCTS BY OWNERSHIP TYPE | ||||||
| As of March 31, 2025 | ||||||
| | US & Canada | Total International1 | Total Worldwide | |||
| | Properties | Rooms | Properties | Rooms | Properties | Rooms |
| Managed | 615 | 212,277 | 1,366 | 355,619 | 1,981 | 567,896 |
| Marriott Hotels | 100 | 56,505 | 192 | 60,300 | 292 | 116,805 |
| Sheraton | 25 | 19,642 | 180 | 57,875 | 205 | 77,517 |
| Courtyard by Marriott | 156 | 25,372 | 127 | 27,760 | 283 | 53,132 |
| Westin | 41 | 22,486 | 78 | 23,732 | 119 | 46,218 |
| JW Marriott | 23 | 13,191 | 76 | 27,038 | 99 | 40,229 |
| The Ritz-Carlton | 42 | 12,798 | 79 | 18,407 | 121 | 31,205 |
| Four Points by Sheraton | 1 | 134 | 97 | 25,853 | 98 | 25,987 |
| Renaissance Hotels | 21 | 9,065 | 52 | 16,299 | 73 | 25,364 |
| Le Méridien | — | — | 68 | 19,336 | 68 | 19,336 |
| W Hotels | 20 | 5,515 | 44 | 12,132 | 64 | 17,647 |
| St. Regis | 13 | 2,669 | 51 | 11,180 | 64 | 13,849 |
| Residence Inn by Marriott | 73 | 12,002 | 9 | 1,116 | 82 | 13,118 |
| Delta Hotels by Marriott | 25 | 6,770 | 26 | 4,925 | 51 | 11,695 |
| The Luxury Collection | 6 | 2,296 | 42 | 7,979 | 48 | 10,275 |
| Gaylord Hotels | 6 | 10,220 | — | — | 6 | 10,220 |
| Fairfield by Marriott | 6 | 1,431 | 53 | 8,122 | 59 | 9,553 |
| Aloft Hotels | 2 | 505 | 41 | 8,949 | 43 | 9,454 |
| Autograph Collection | 10 | 3,015 | 15 | 2,964 | 25 | 5,979 |
| Marriott Executive Apartments | — | — | 39 | 5,489 | 39 | 5,489 |
| EDITION | 5 | 1,379 | 15 | 2,844 | 20 | 4,223 |
| AC Hotels by Marriott | 8 | 1,512 | 14 | 2,681 | 22 | 4,193 |
| Element Hotels | 3 | 810 | 15 | 2,964 | 18 | 3,774 |
| SpringHill Suites by Marriott | 22 | 3,755 | — | — | 22 | 3,755 |
| Moxy Hotels | 1 | 380 | 13 | 2,876 | 14 | 3,256 |
| Protea Hotels by Marriott | — | — | 22 | 2,737 | 22 | 2,737 |
| Tribute Portfolio | — | — | 11 | 1,415 | 11 | 1,415 |
| TownePlace Suites by Marriott | 6 | 825 | — | — | 6 | 825 |
| Bvlgari | — | — | 7 | 646 | 7 | 646 |
| Owned/Leased | 14 | 5,539 | 37 | 8,773 | 51 | 14,312 |
| Sheraton | 1 | 1,218 | 4 | 1,830 | 5 | 3,048 |
| Marriott Hotels | 2 | 1,304 | 5 | 1,631 | 7 | 2,935 |
| Courtyard by Marriott | 7 | 987 | 4 | 894 | 11 | 1,881 |
| W Hotels | 2 | 765 | 2 | 665 | 4 | 1,430 |
| Westin | 1 | 1,073 | — | — | 1 | 1,073 |
| Protea Hotels by Marriott | — | — | 5 | 912 | 5 | 912 |
| The Ritz-Carlton | — | — | 2 | 548 | 2 | 548 |
| Renaissance Hotels | — | — | 2 | 505 | 2 | 505 |
| JW Marriott | — | — | 1 | 496 | 1 | 496 |
| The Luxury Collection | — | — | 3 | 383 | 3 | 383 |
| Autograph Collection | — | — | 5 | 360 | 5 | 360 |
| Residence Inn by Marriott | 1 | 192 | 1 | 140 | 2 | 332 |
| Tribute Portfolio | — | — | 2 | 249 | 2 | 249 |
| St. Regis | — | — | 1 | 160 | 1 | 160 |
| Franchised, Licensed, and Other | 5,651 | 841,467 | 1,642 | 279,167 | 7,293 | 1,120,634 |
| Courtyard by Marriott | 916 | 122,880 | 135 | 24,993 | 1,051 | 147,873 |
| Fairfield by Marriott | 1,175 | 110,719 | 110 | 15,542 | 1,285 | 126,261 |
| Residence Inn by Marriott | 807 | 95,985 | 38 | 4,766 | 845 | 100,751 |
| Marriott Hotels | 232 | 73,593 | 70 | 20,066 | 302 | 93,659 |
| Sheraton | 140 | 43,391 | 82 | 23,289 | 222 | 66,680 |
| Autograph Collection | 153 | 34,542 | 154 | 30,942 | 307 | 65,484 |
| SpringHill Suites by Marriott | 547 | 63,622 | — | — | 547 | 63,622 |
| TownePlace Suites by Marriott | 530 | 53,336 | — | — | 530 | 53,336 |
| Westin | 94 | 31,764 | 32 | 9,761 | 126 | 41,525 |
| Four Points by Sheraton | 146 | 21,674 | 97 | 17,683 | 243 | 39,357 |
| AC Hotels by Marriott | 121 | 20,165 | 106 | 15,615 | 227 | 35,780 |
| Aloft Hotels | 166 | 23,748 | 29 | 5,610 | 195 | 29,358 |
| Renaissance Hotels | 71 | 19,545 | 34 | 8,830 | 105 | 28,375 |
| Moxy Hotels | 44 | 7,558 | 106 | 19,901 | 150 | 27,459 |
| MGM Collection with Marriott Bonvoy** | 12 | 26,210 | — | — | 12 | 26,210 |
| Tribute Portfolio | 93 | 17,646 | 54 | 7,636 | 147 | 25,282 |
| Timeshare* | 72 | 18,839 | 21 | 3,911 | 93 | 22,750 |
| The Luxury Collection | 14 | 7,703 | 61 | 13,504 | 75 | 21,207 |
| Delta Hotels by Marriott | 67 | 15,047 | 21 | 4,627 | 88 | 19,674 |
| City Express by Marriott | 1 | 83 | 152 | 17,694 | 153 | 17,777 |
| Design Hotels* | 21 | 2,273 | 149 | 10,625 | 170 | 12,898 |
| Element Hotels | 89 | 11,848 | 6 | 827 | 95 | 12,675 |
| Le Méridien | 24 | 5,262 | 24 | 6,183 | 48 | 11,445 |
| JW Marriott | 12 | 6,080 | 15 | 3,273 | 27 | 9,353 |
| Sonder by Marriott Bonvoy | 100 | 6,155 | 58 | 2,659 | 158 | 8,814 |
| Four Points Flex by Sheraton | — | — | 40 | 6,443 | 40 | 6,443 |
| Protea Hotels by Marriott | — | — | 37 | 3,283 | 37 | 3,283 |
| W Hotels | 1 | 1,117 | 1 | 226 | 2 | 1,343 |
| Marriott Executive Apartments | — | — | 4 | 509 | 4 | 509 |
| Apartments by Marriott Bonvoy | 2 | 253 | 2 | 231 | 4 | 484 |
| The Ritz-Carlton | 1 | 429 | — | — | 1 | 429 |
| The Ritz-Carlton Yacht Collection* | — | — | 2 | 377 | 2 | 377 |
| Bvlgari | — | — | 2 | 161 | 2 | 161 |
| Residences | 72 | 7,667 | 66 | 8,033 | 138 | 15,700 |
| The Ritz-Carlton Residences | 43 | 4,757 | 21 | 1,854 | 64 | 6,611 |
| St. Regis Residences | 11 | 1,267 | 14 | 1,947 | 25 | 3,214 |
| W Residences | 10 | 1,092 | 8 | 768 | 18 | 1,860 |
| Marriott Residences | — | — | 4 | 1,145 | 4 | 1,145 |
| JW Marriott Residences | — | — | 3 | 767 | 3 | 767 |
| Westin Residences | 3 | 266 | 2 | 353 | 5 | 619 |
| Bvlgari Residences | — | — | 5 | 526 | 5 | 526 |
| Sheraton Residences | — | — | 3 | 472 | 3 | 472 |
| The Luxury Collection Residences | 1 | 91 | 3 | 115 | 4 | 206 |
| Renaissance Residences | 1 | 112 | — | — | 1 | 112 |
| EDITION Residences | 3 | 82 | 1 | 10 | 4 | 92 |
| Le Méridien Residences | — | — | 1 | 62 | 1 | 62 |
| Autograph Collection Residences | — | — | 1 | 14 | 1 | 14 |
| Grand Total | 6,352 | 1,066,950 | 3,111 | 651,592 | 9,463 | 1,718,542 |
| | ||||||
| 1 "International" refers to: (i) Europe, Middle East & Africa, (ii) Greater China, (iii) Asia Pacific excluding China, and (iv) Caribbean & Latin America. | ||||||
| * Timeshare, Design Hotels, and The Ritz-Carlton Yacht Collection counts are included in this table by geographical location. For external reporting purposes, these offerings are captured within "Unallocated corporate and other." | ||||||
| ** Excludes five MGM Collection with Marriott Bonvoy properties (two Autograph Collection, one Tribute Portfolio, one The Luxury Collection and one W Hotels) which are presented in "Franchised, Licensed and Other" within their respective brands. | ||||||
| Property and room counts presented by brand in the above table include certain hotels in our system that are not yet operating under such brand, but are expected to operate under such brand following the completion of planned renovations. |
A-4
| MARRIOTT INTERNATIONAL, INC. | ||||||
| TOTAL LODGING PRODUCTS BY TIER | ||||||
| As of March 31, 2025 | ||||||
| | US & Canada | Total International1 | Total Worldwide | |||
| Total Systemwide | Properties | Rooms | Properties | Rooms | Properties | Rooms |
| Luxury | 207 | 61,231 | 459 | 106,006 | 666 | 167,237 |
| JW Marriott | 35 | 19,271 Für dich aus unserer Redaktion zusammengestelltDein Kommentar zum Artikel im Forum Jetzt anmelden und diskutieren
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