For a summary of quarterly highlights, please visit: https://news.marriott.com/static-assets/component-resources/newscenter/earnings/2025/2025-q2-earnings-infographic.pdf.
BETHESDA, Md., Aug. 5, 2025 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today reported second quarter 2025 results.
Anthony Capuano, President and Chief Executive Officer, said, "Marriott delivered another solid quarter, highlighted by strong financial results and robust net rooms growth despite heightened macro-economic uncertainty. Global RevPAR increased 1.5 percent in the second quarter primarily driven by the leisure segment. International RevPAR rose over 5 percent, with strong growth in APEC and EMEA. In the U.S. & Canada, RevPAR was flat year over year with continued strength in the luxury segment offset by a decline in select service demand, largely reflecting reduced government travel and weaker business transient demand. Adjusting for the Easter holiday shift, U.S. & Canada RevPAR increased by nearly 1 percent.
"Development activity remained robust. We signed nearly 32,000 rooms, over 70 percent of which were in international markets, and our quarter-end pipeline stood at a record of more than 590,000 rooms. Conversions continued to be a key driver of growth, representing approximately 30 percent of our room signings and openings in the first half of this year. We still expect full year net rooms growth to approach 5 percent this year.
"With our strategy to be everywhere our guests want us to be, we expanded our industry leading global brand portfolio with the launch of Series by Marriott™, a new regional collection brand targeting the midscale and upscale segments. We are excited about our founding deal to affiliate the Fern portfolio of brands in India with Series by Marriott, and by the strong interest from owners around the world in this extension of our successful soft brand model. We also recently completed the acquisition of the innovative lifestyle brand citizenM, further broadening offerings for our guests, Marriott Bonvoy members and owners. We believe both of these new brands have meaningful global growth potential.
"We continue to enhance our powerful Marriott Bonvoy travel platform. Membership reached nearly 248 million members at the end of June, and we are deepening engagement through unique experiences and strategic collaborations.
"Our results in the second quarter underscore the resiliency of our cash-generating, asset-light business model and the strength of our brands. Year to date through July 30, we have returned approximately $2.1 billion to our shareholders through share repurchases and dividends, and we remain on track to return approximately $4 billion for full year 2025."
Second Quarter 2025 Results
Base management and franchise fees totaled $1,200 million in the 2025 second quarter, a nearly 5 percent increase compared to base management and franchise fees of $1,148 million in the year-ago quarter. Higher RevPAR, rooms growth and co-branded credit card fees were key contributors to the increase.
Incentive management fees totaled $200 million in the 2025 second quarter, compared to $195 million in the 2024 second quarter, driven by strong international hotel results. 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 $113 million in the 2025 second quarter, compared to $99 million in the 2024 second quarter. The increase was mainly driven by the addition of the Sheraton Grand Chicago to our portfolio of owned hotels.
General, administrative, and other expenses for the 2025 second quarter totaled $245 million, compared to $248 million in the year-ago quarter. The year-over-year change largely reflects lower compensation costs.
Interest expense, net, totaled $191 million in the 2025 second quarter, compared to $164 million in the year-ago quarter. The increase was largely due to higher interest expense associated with higher debt balances.
In the 2025 second quarter, the provision for income taxes totaled $291 million compared to $268 million in the 2024 second quarter.
Marriott's reported operating income totaled $1,236 million in the 2025 second quarter, compared to 2024 second quarter reported operating income of $1,195 million. Reported net income totaled $763 million in the 2025 second quarter, a 1 percent decrease compared to 2024 second quarter reported net income of $772 million. Reported diluted earnings per share (EPS) totaled $2.78 in the quarter, compared to reported diluted EPS of $2.69 in the year-ago quarter.
Adjusted operating income in the 2025 second quarter totaled $1,186 million, compared to 2024 second quarter adjusted operating income of $1,120 million. Second quarter 2025 adjusted net income totaled $728 million, compared to 2024 second quarter adjusted net income of $716 million. Adjusted diluted EPS in the 2025 second quarter totaled $2.65, compared to adjusted diluted EPS of $2.50 in the year-ago quarter.
Adjusted results excluded cost reimbursement revenue, reimbursed expenses, restructuring and merger-related charges, and, for the 2025 second quarter, income tax special items. 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 $1,415 million in the 2025 second quarter, a 7 percent increase compared to second quarter 2024 adjusted EBITDA of $1,324 million. See the press release schedules for the adjusted EBITDA calculation.
Selected Performance Information
The company added roughly 17,300 net rooms during the quarter, including more than 8,500 net rooms in international markets. At the end of the quarter, Marriott's global system totaled over 9,600 properties, with approximately 1,736,000 rooms.
At the end of the quarter, the company's worldwide development pipeline totaled 3,858 properties with more than 590,000 rooms, including 234 properties with over 37,000 rooms approved for development, but not yet subject to signed contracts. The quarter-end pipeline included 1,447 properties with over 238,000 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. The quarter-end pipeline does not reflect any rooms from our acquisition of the citizenM brand or from the launch of Series by Marriott.
In the 2025 second quarter, worldwide RevPAR increased 1.5 percent (a 1.7 percent increase using actual dollars) compared to the 2024 second quarter. RevPAR in the U.S. & Canada was flat (a 0.1 percent decrease using actual dollars) year-over-year, and RevPAR in international markets increased 5.3 percent (a 6.1 percent increase using actual dollars) year-over-year.
Balance Sheet & Common Stock
At the end of the quarter, Marriott's total debt was $15.7 billion and cash and equivalents totaled $0.7 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 second quarter for $0.7 billion. Year to date through July 30, the company has repurchased 6.4 million shares for $1.7 billion.
Company Outlook
The Company's updated outlook generally assumes the continuation of the current macro-economic environment.
| | Third Quarter 2025 vs. Third Quarter 2024 | Full Year 2025 vs. Full Year 2024 |
| Comparable systemwide constant $ RevPAR growth | | |
| Worldwide | flat to 1.0% | 1.5% to 2.5% |
| | ||
| | | Year-End 2025 vs. Year-End 2024 |
| Net rooms growth | | Approaching 5% |
| | ||
| ($ in millions, except EPS) | Third Quarter 2025 | Full Year 2025 |
| Gross fee revenues | $1,310 to $1,325 | $5,365 to $5,420 |
| Owned, leased, and other revenue, net of direct expenses | $80 to $90 | $360 to $370 |
| General, administrative, and other expenses | $245 to $240 | $985 to $965 |
| Adjusted EBITDA1,2 | $1,288 to $1,318 | $5,310 to $5,395 |
| Adjusted EPS – diluted2,3 | $2.31 to $2.39 | $9.85 to $10.08 |
| 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 third 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 acquisition of the citizenM brand in the 2025 third quarter), 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 income tax special items of $74 million. |
| 3Assumes the level of capital return to shareholders noted above. |
| 4This outlook includes $355 million of funding related to our acquisition of the citizenM brand. 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, property acquisitions or additional brand acquisitions occur during the year. |
Marriott International, Inc. (Nasdaq: MAR) will conduct its quarterly earnings review for the investment community and news media on Tuesday, August 5, 2025, at 8:30 a.m. Eastern Time (ET). The conference call will be webcast simultaneously via Marriott's investor relations website at 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 August 5, 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 MAR2Q25. A telephone replay of the conference call will be available from 1:00 p.m. ET, Tuesday, August 5, 2025, until 8:00 p.m. ET, Tuesday, August 12, 2025. To access the replay, call US Toll Free: 800-723-0389 or Global: +1 402-220-2647 using conference ID MAR2Q25.
Note on forward-looking statements: All statements in this press release and the accompanying schedules are made as of August 5, 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 Marriott Bonvoy travel platform; 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 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 over 9,600 properties across more than 30 leading brands in 143 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 2, 2025 | |
| | |
| Consolidated Statements of Income - As Reported | A-2 |
| Non-GAAP Financial Measures | A-4 |
| Total Lodging Products by Ownership Type | A-5 |
| Total Lodging Products by Tier | A-7 |
| Key Lodging Statistics | A-10 |
| Adjusted EBITDA | A-14 |
| Adjusted EBITDA Forecast - Third Quarter 2025 | A-15 |
| Adjusted EBITDA Forecast - Full Year 2025 | A-16 |
| Explanation of Non-GAAP Financial and Performance Measures | A-17 |
| MARRIOTT INTERNATIONAL, INC. | ||||||
| CONSOLIDATED STATEMENTS OF INCOME - AS REPORTED | ||||||
| SECOND QUARTER 2025 AND 2024 | ||||||
| ($ in millions except per share amounts, unaudited) | ||||||
| | | | | | | |
| | | As Reported | | As Reported | | Percent |
| | | Three Months Ended | | Three Months Ended | | Better/(Worse) |
| | | June 30, 2025 | | June 30, 2024 | | Reported 2025 vs. 2024 |
| REVENUES | | | | | | |
| Base management fees | | $ 340 | | $ 330 | | 3 |
| Franchise fees1 | | 860 | | 818 | | 5 |
| Incentive management fees | | 200 | | 195 | | 3 |
| Gross fee revenues | | 1,400 | | 1,343 | | 4 |
| Contract investment amortization2 | | (29) | | (27) | | (7) |
| Net fee revenues | | 1,371 | | 1,316 | | 4 |
| Owned, leased, and other revenue3 | | 441 | | 395 | | 12 |
| Cost reimbursement revenue4 | | 4,932 | | 4,728 | | 4 |
| | | 6,744 | | 6,439 | | 5 |
| | | | | | | |
| OPERATING COSTS AND EXPENSES | | | | | | |
| Owned, leased, and other - direct5 | | 328 | | 296 | | (11) |
| Depreciation, amortization, and other6 | | 53 | | 47 | | (13) |
| General, administrative, and other7 | | 245 | | 248 | | 1 |
| Restructuring and merger-related charges | | 8 | | 8 | | — |
| Reimbursed expenses4 | | 4,874 | | 4,645 | | (5) |
| | | 5,508 | | 5,244 | | (5) |
| | | | | | | |
| OPERATING INCOME | | 1,236 | | 1,195 | | 3 |
| | | | | | | |
| Gains and other income, net8 | | 5 | | 4 | | 25 |
| Interest expense | | (203) | | (173) | | (17) |
| Interest income | | 12 | | 9 | | 33 |
| Equity in earnings9 | | 4 | | 5 | | (20) |
| | | | | | | |
| INCOME BEFORE INCOME TAXES | | 1,054 | | 1,040 | | 1 |
| | | | | | | |
| Provision for income taxes | | (291) | | (268) | | (9) |
| | | | | | | |
| NET INCOME | | $ 763 | | $ 772 | | (1) |
| | | | | | | |
| EARNINGS PER SHARE | | | | | | |
| Earnings per share - basic | | $ 2.78 | | $ 2.70 | | 3 |
| Earnings per share - diluted | | $ 2.78 | | $ 2.69 | | 3 |
| | | | | | | |
| Basic shares | | 274.2 | | 285.8 | | |
| Diluted shares | | 274.7 | | 286.7 | | |
| | | | | | | |
| 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 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. | ||||||
| MARRIOTT INTERNATIONAL, INC. | ||||||
| CONSOLIDATED STATEMENTS OF INCOME - AS REPORTED | ||||||
| SECOND QUARTER YEAR-TO-DATE 2025 AND 2024 | ||||||
| ($ in millions except per share amounts, unaudited) | ||||||
| | | | | | | |
| | | As Reported | | As Reported | | Percent |
| | | Six Months Ended | | Six Months Ended | | Better/(Worse) |
| | | June 30, 2025 | | June 30, 2024 | | Reported 2025 vs. 2024 |
| REVENUES | | | | | | |
| Base management fees | | $ 665 | | $ 643 | | 3 |
| Franchise fees1 | | 1,606 | | 1,506 | | 7 |
| Incentive management fees | | 404 | | 404 | | — |
| Gross fee revenues | | 2,675 | | 2,553 | | 5 |
| Contract investment amortization2 | | (57) | | (50) | | (14) |
| Net fee revenues | | 2,618 | | 2,503 | | 5 |
| Owned, leased, and other revenue3 | | 802 | | 752 | | 7 |
| Cost reimbursement revenue4 | | 9,587 | | 9,161 | | 5 |
| | | 13,007 | | 12,416 | | 5 |
| | | | | | | |
| OPERATING COSTS AND EXPENSES | | | | | | |
| Owned, leased, and other - direct5 | | 624 | | 582 | | (7) |
| Depreciation, amortization, and other6 | | 104 | | 92 | | (13) |
| General, administrative, and other7 | | 490 | | 509 | | 4 |
| Restructuring and merger-related charges | | 9 | | 16 | | 44 |
| Reimbursed expenses4 | | 9,596 | | 9,146 | | (5) |
| | | 10,823 | | 10,345 | | (5) |
| | | | | | | |
| OPERATING INCOME | | 2,184 | | 2,071 | | 5 |
| | | | | | | |
| Gains and other income, net8 | | 3 | | 8 | | (63) |
| Interest expense | | (395) | | (336) | | (18) |
| Interest income | | 21 | | 19 | | 11 |
| Equity in earnings9 | | 5 | | 5 | | — |
| | | | | | | |
| INCOME BEFORE INCOME TAXES | | 1,818 | | 1,767 | | 3 |
| | | | | | | |
| Provision for income taxes | | (390) | | (431) | | 10 |
| | | | | | | |
| NET INCOME | | $ 1,428 | | $ 1,336 | | 7 |
| | | | | | | |
| EARNINGS PER SHARE | | | | | | |
| Earnings per share - basic | | $ 5.18 | | $ 4.64 | | 12 |
| Earnings per share - diluted | | $ 5.17 | | $ 4.62 | | 12 |
| | | | | | | |
| Basic shares | | 275.5 | | 288.1 | | |
| Diluted shares | | 276.2 | | 289.1 | | |
| | | | | | | |
| 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 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. | ||||||
| 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 income, and | |||||||||||
| | | | | | | | | | | | |
| | Three Months Ended | | Six Months Ended | ||||||||
| | | | | | Percent | | | | | | Percent |
| | June 30, | | June 30, | | Better/ | | June 30, | | June 30, | | Better/ |
| | 2025 | | 2024 | | (Worse) | | 2025 | | 2024 | | (Worse) |
| Total revenues, as reported | $ 6,744 | | $ 6,439 | | | | $ 13,007 | | $ 12,416 | | |
| Less: Cost reimbursement revenue | (4,932) | | (4,728) | | | | (9,587) | | (9,161) | | |
| Adjusted total revenues† | 1,812 | | 1,711 | | | | 3,420 | | 3,255 | | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| Operating income, as reported | 1,236 | | 1,195 | | | | 2,184 | | 2,071 | | |
| Less: Cost reimbursement revenue | (4,932) | | (4,728) | | | | (9,587) | | (9,161) | | |
| Add: Reimbursed expenses | 4,874 | | 4,645 | | | | 9,596 | | 9,146 | | |
| Add: Restructuring and merger-related charges | 8 | | 8 | | | | 9 | | 16 | | |
| Adjusted operating income† | 1,186 | | 1,120 | | 6 | | 2,202 | | 2,072 | | 6 |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| Operating income margin | 18 % | | 19 % | | | | 17 % | | 17 % | | |
| Adjusted operating income margin† | 65 % | | 65 % | | | | 64 % | | 64 % | | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| Net income, as reported | 763 | | 772 | | | | 1,428 | | 1,336 | | |
| Less: Cost reimbursement revenue | (4,932) | | (4,728) | | | | (9,587) | | (9,161) | | |
| Add: Reimbursed expenses | 4,874 | | 4,645 | | | | 9,596 | | 9,146 | | |
| Add: Restructuring and merger-related charges | 8 | | 8 | | | | 9 | | 16 | | |
| Income tax effect of above adjustments | 18 | | 19 | | | | 1 | | (1) | | |
| Less: Income tax special items | (3) | | — | | | | (74) | | — | | |
| Adjusted net income† | $ 728 | | $ 716 | | 2 | | $ 1,373 | | $ 1,336 | | 3 |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
| Diluted earnings per share, as reported | $ 2.78 | | $ 2.69 | | | | $ 5.17 | | $ 4.62 | | |
| Adjusted diluted earnings per share† | $ 2.65 | | $ 2.50 | | 6 | | $ 4.97 | | $ 4.62 | | 8 |
| | | | | | | | | | | | |
| † 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. | |||||||||||
| MARRIOTT INTERNATIONAL, INC. | ||||||
| TOTAL LODGING PRODUCTS BY OWNERSHIP TYPE | ||||||
| As of June 30, 2025 | ||||||
| | US & Canada | Total International1 | Total Worldwide | |||
| | Properties | Rooms | Properties | Rooms | Properties | Rooms |
| Managed | 612 | 213,382 | 1,360 | 353,456 | 1,972 | 566,838 |
| Marriott Hotels | 99 | 56,180 | 187 | 59,155 | 286 | 115,335 |
| Sheraton | 25 | 19,769 | 180 | 57,877 | 205 | 77,646 |
| Courtyard by Marriott | 155 | 25,227 | 132 | 28,912 | 287 | 54,139 |
| Westin | 41 | 22,486 | 79 | 23,888 | 120 | 46,374 |
| JW Marriott | 23 | 13,191 | 76 | 27,076 | 99 | 40,267 |
| The Ritz-Carlton | 42 | 12,798 | 79 | 18,394 | 121 | 31,192 |
| Four Points by Sheraton | 1 | 134 | 96 | 25,583 | 97 | 25,717 |
| Renaissance Hotels | 21 | 9,065 | 51 | 16,054 | 72 | 25,119 |
| Le Méridien | — | — | 67 | 18,286 | 67 | 18,286 |
| W Hotels | 20 | 5,513 | 45 | 12,460 | 65 | 17,973 |
| St. Regis | 13 | 2,669 | 52 | 11,380 | 65 | 14,049 |
| Residence Inn by Marriott | 73 | 12,002 | 9 | 1,116 | 82 | 13,118 |
| Gaylord Hotels | 7 | 11,820 | — | — | 7 | 11,820 |
| The Luxury Collection | 6 | 2,296 | 41 | 7,859 | 47 | 10,155 |
| Delta Hotels by Marriott | 24 | 6,622 | 19 | 3,329 | 43 | 9,951 |
| Fairfield by Marriott | 6 | 1,431 | 55 | 8,450 | 61 | 9,881 |
| Aloft Hotels | 2 | 505 | 40 | 8,777 | 42 | 9,282 |
| Autograph Collection | 11 | 3,269 | 16 | 3,209 | 27 | 6,478 |
| 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 | 2,680 | 22 | 4,192 |
| Element Hotels | 3 | 810 | 15 | 2,964 | 18 | 3,774 |
| SpringHill Suites by Marriott | 20 | 3,499 | — | — | 20 | 3,499 |
| 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 | 36 | 8,667 | 50 | 14,206 |
| Sheraton | 1 | 1,218 | 3 | 1,724 | 4 | 2,942 |
| 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 | 5,725 | 849,133 | 1,714 | 289,705 | 7,439 | 1,138,838 |
| Courtyard by Marriott | 920 | 123,572 | 137 | 25,379 | 1,057 | 148,951 |
| Fairfield by Marriott | 1,179 | 111,061 | 114 | 15,993 | 1,293 | 127,054 |
| Residence Inn by Marriott | 810 | 96,464 | 38 | 4,766 | 848 | 101,230 |
| Marriott Hotels | 234 | 74,162 | 78 | 22,034 | 312 | 96,196 |
| Autograph Collection | 153 | 34,504 | 159 | 32,171 | 312 | 66,675 |
| Sheraton | 141 | 43,631 | 81 | 22,628 | 222 | 66,259 |
| SpringHill Suites by Marriott | 552 | 64,189 | — | — | 552 | 64,189 |
| TownePlace Suites by Marriott | 541 | 54,487 | — | — | 541 | 54,487 |
| Westin | 95 | 32,010 | 33 | 9,615 | 128 | 41,625 |
| Four Points by Sheraton | 148 | 21,350 | 108 | 19,600 | 256 | 40,950 |
| AC Hotels by Marriott | 127 | 21,145 | 106 | 15,615 | 233 | 36,760 |
| Aloft Hotels | 167 | 23,904 | 30 | 5,782 | 197 | 29,686 |
| Moxy Hotels | 47 | 8,093 | 111 | 20,848 | 158 | 28,941 |
| Renaissance Hotels | 71 | 19,545 | 33 | 8,347 | 104 | 27,892 |
| MGM Collection with Marriott Bonvoy** | 12 | 26,210 | — | — | 12 | 26,210 |
| Tribute Portfolio | 93 | 17,646 | 60 | 8,269 | 153 | 25,915 |
| Timeshare* | 73 | 18,949 | 21 | 3,911 | 94 | 22,860 |
| Delta Hotels by Marriott | 68 | 15,195 | 29 | 6,283 | 97 | 21,478 |
| The Luxury Collection | 15 | 7,812 | 62 | 13,560 | 77 | 21,372 |
| City Express by Marriott | 2 | 258 | 153 | 17,781 | 155 | 18,039 |
| Design Hotels* | 24 | 2,573 | 165 | 11,355 | 189 | 13,928 |
| Element Hotels | 93 | 12,404 | 6 | 827 | 99 | 13,231 |
| Le Méridien | 23 | 5,060 | 25 | 7,184 | 48 Für dich aus unserer Redaktion zusammengestelltDein Kommentar zum Artikel im Forum Jetzt anmelden und diskutieren
Registrieren
Login
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Weitere Artikel des AutorsThemen im Trend | |