Marriott International Reports Mixed Q4 Results, Shares Decline

The hotel giant's fourth-quarter earnings exceeded expectations, but revenue fell short, leading to a drop in stock prices.

Marriott International's fourth-quarter earnings per share of $3.57 beat analyst expectations, while revenue of $6.1 billion missed forecasts.
U.S. revenue growth slowed to 3.3%, in contrast to a 17.4% increase in international markets.
The company's stock fell by approximately 6% following the announcement of the results.
Marriott expects lower-than-anticipated earnings per share for the current quarter and full year.
The company added nearly 81,300 rooms globally in 2023, with significant growth in international markets.