Overview
- Marriott beat Q3 expectations with adjusted EPS of $2.47 on $6.49 billion in revenue and tightened its 2025 EPS guidance to $9.98–$10.06.
- Luxury led Marriott’s performance as global luxury RevPAR rose 4% and U.S./Canada luxury room revenue increased 3.5%, while overall U.S. and Canada trends edged down 0.4%.
- Marriott added about 17,900 net rooms, expanded its record pipeline to roughly 3,900 properties, and ended the quarter with $16.0 billion in debt and $700 million in cash.
- Choice Hotels posted Q3 net income of $180.0 million and a third-quarter record $190.1 million in adjusted EBITDA; adjusted EPS was $2.10, or $2.27 excluding acquisition-related items.
- Choice’s global RevPAR rose 0.2% as international RevPAR gained 9.5% and U.S. RevPAR fell 3.2%, which the company primarily attributed to softer government and inbound demand.