Overview
- Marriott beat Q3 expectations with adjusted EPS of $2.47 on $6.49 billion in revenue and raised its 2025 adjusted EPS range to $9.98–$10.06.
- Luxury led Marriott’s results with global luxury RevPAR up 4% as overall U.S. and Canada performance slipped 0.4% and select-service softened on lower government spending.
- Marriott added about 17,900 net rooms and reported a record pipeline of roughly 3,900 properties with more than 596,000 rooms, with total debt at $16.0 billion and cash at $700 million.
- Choice Hotels posted Q3 net income of $180.0 million and a third‑quarter record $190.1 million in adjusted EBITDA, with adjusted EPS of $2.10, or $2.27 excluding specified items.
- Choice’s global RevPAR rose 0.2% as international RevPAR increased 9.5% and U.S. RevPAR fell 3.2%, largely reflecting softer government and international inbound demand.