Overview
- Marriott reported third‑quarter adjusted EPS of $2.47 on revenue of $6.49 billion, topping estimates, and narrowed its 2025 adjusted EPS guidance to $9.98–$10.06.
- Luxury outperformed for Marriott, with global luxury RevPAR up 4% and U.S./Canada luxury room revenue up 3.5%, while overall U.S. and Canada performance slipped 0.4%.
- Marriott said softer results at select‑service and budget hotels were largely tied to reduced U.S. government travel and spending.
- Marriott added about 17,900 net rooms, set a record pipeline of roughly 3,900 properties (>596,000 rooms), and ended the quarter with $16.0 billion in debt and $700 million in cash.
- Choice Hotels’ third quarter delivered net income of $180.0 million and a record adjusted EBITDA of $190.1 million, with global RevPAR up 0.2% on 9.5% international growth offset by a 3.2% U.S. decline and a pipeline exceeding 86,000 rooms.